Key Trends and Insights into the Nucleic Acid Extraction Instruments And Reagents Market: Growth Rate and Opportunities to 2034
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How has the nucleic acid extraction instruments and reagents market grown over the years?
The market size for nucleic acid extraction instruments and reagents has observed robust growth in the past years. The market is projected to rise from $4.56 billion in 2024 to $5.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.9%. The past growth can be largely credited to advancements in genomic research, expansion of clinical diagnostics, the advent of next-generation sequencing, a rising number of genetic disorders, and a worldwide emphasis on infectious disease research.
What Is the forecasted market size and growth rate for the nucleic acid extraction instruments and reagents market?
Expect a swift rise in the market size of nucleic acid extraction instruments and reagents in the coming years, with a value projection of $7.84 billion in 2029 and a compound annual growth rate of 11.9%. Forces pushing this forward over the forecast timeframe include the rapid surge in personalized medicine, expansion of point-of-care testing, heightened focus on rare diseases, and progress in cancer research. Some key trends to watch during this forecast period are their use in agricultural biotechnology, technology advancement in automation, biotechnology’s increasing popularity, analysis of environmental DNA (EDNA), and the use of blockchain for the security of genomic data.
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What are the major factors driving growth in the nucleic acid extraction instruments and reagents market?
The growth of the nucleic acid extraction instruments and reagents market is anticipated to be stimulated by the rising prevalence of chronic illnesses. These diseases are known for their long-term impacts and slow progression, often stretching over an extended duration. The role of nucleic acid extraction instruments and reagents is critical in managing such conditions, particularly within areas of molecular diagnostics and research. These tools are fundamental to the investigation, diagnosis, surveillance, and treatment of chronic illnesses. They facilitate genetic testing, biomarker analysis, research, pharmacogenomic testing, and disease monitoring, contributing significantly to improved understanding and management of chronic ailments. For instance, in September 2023, the World Health Organization, a Switzerland-based specialized agency of the United Nations, reported 41 million deaths globally, attributing 74% of these to non-communicable diseases (NCDs) or chronic illnesses annually. There were 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Thus, the rising prevalence of chronic illnesses is fuelling the expansion of the nucleic acid extraction instruments and reagents market.
What key areas define the segmentation of the global nucleic acid extraction instruments and reagents Market?
The nucleic acid extraction instruments and reagents market covered in this report is segmented –
1) By Type: Instruments, Spin Columns, Beads Or Magnetic Beads, Automated Nucleic Acid Extraction Systems, Extraction Kits And Reagents And Consumables, Other Types
2) By Extraction Type: DNA Extraction, DNA Or RNA Extraction, RNA Extraction
3) By Method: Solution-Based Methods, Solid-Phase-Based Methods
4) By End User: Academic Research Institutes, Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Industry, Contract Research Organizations (CROs), Other End Users
Subsegments:
1) By Instruments: Manual Extraction Instruments, Automated Extraction Instruments, Specialized Nucleic Acid Extractors
2) By Spin Columns: Standard, High-Throughput, Specialized
3) By Beads Or Magnetic Beads: Silica-Based Beads, Magnetic Beads For DNA Or RNA Extraction, Functionalized Beads For Nucleic Acid Binding
4) By Automated Nucleic Acid Extraction Systems: Fully Automated Systems, Semi-Automated Systems
5) By Extraction Kits And Reagents And Consumables: DNA Extraction Kits, RNA Extraction Kits, Reagents For Nucleic Acid Purification, Consumables
6) By Other Types: Specialized Extraction Methods, Hybrid Methods
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What are the top market players propelling the growth of the nucleic acid extraction instruments and reagents industry?
Major companies operating in the nucleic acid extraction instruments and reagents market include Thermo Fisher Scientific Inc., F Hoffmann-La Roche Ltd., Merck Group, Corning Incorporated, Agilent Technologies Inc., PerkinElmer, Illumina Inc., Beckman Coulter, Bio-Rad Laboratories Inc., Qiagen NV, Eppendorf AG, LGC Biosearch Technologies, Promega Corporation, RBC Bioscience Corp., Takara Bio Inc., Meridian Bioscience, Bioneer Corporation, Macherey-Nagel, New England Biolabs, Miltenyi Biotec, Omega Bio-tek, BioVision Inc., Norgen Biotek Corp., Biosan Laboratories Inc., G-Biosciences, ADS Biotec Inc., BioChain Institute Inc., Lucigen Corporation.
What are the key trends shaping the future of the nucleic acid extraction instruments and reagents market?
Key players in the market for nucleic acid extraction tools and reagents are prioritizing the invention of unique solutions, specifically nucleic acid extraction systems, to underscore their commitment to innovation and to meet the specific demands of the market. These extraction systems are a combination of scientific instruments and methods designed for the isolation and purification of nucleic acids, such as DNA and RNA, from different biological samples, including blood, tissue, cells, and other types of fluids. For example, in January 2024, LGC Biosearch Technologies, a leading biotechnology corporation based in the UK, introduced the sbeadex Lightning nucleic acid extraction procedure. This progressive technique transforms DNA purification by allowing high-purity extraction from both plant and animal samples within a mere time span of 5 minutes. This groundbreaking technique condenses the conventional five-step procedure to just three steps – binding, washing, and eluting – leading to a time efficiency of up to 40 minutes per sample and augmenting throughput by a factor of up to ten. The DNA extracted through this method generally achieves high levels of purity, with 260/280 ratios falling between 1.7 and 2, thereby making it apt for utilization in processes like PCR and next-generation sequencing (NGS).
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What regions are dominating the nucleic acid extraction instruments and reagents market growth?
North America was the largest region in the nucleic acid extraction instruments and reagents market in 2024. The regions covered in the nucleic acid extraction instruments and reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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