What Was The Historic Nucleic Acid Extraction Instruments And Reagents Market Size And What is The Projected Market Size By 2029?
The nucleic acid extraction instruments and reagents market size have grown dramatically in recent years. From $4.56 billion in 2024, it is projected to grow to $5.01 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth over the historical period is linked to advancements in genomic research, clinical diagnostics expansion, the emergence of next-generation sequencing, increasing prevalence of genetic disorders, and global focus on infectious disease research.
The nucleic acid extraction instruments and reagents market size is predicted to see fast growth in the next few years, growing to $7.84 billion in 2029 at a CAGR of 11.9%. The forecast period growth can be attributed to rapid growth in personalized medicine, point-of-care testing expansion, increased focus on rare diseases, and advancements in cancer research.
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What Are The Key Drivers For Nucleic Acid Extraction Instruments And Reagents Market Growth?
The increase in the prevalence of chronic diseases is expected to drive the growth of the nucleic acid extraction instruments and reagents market. Chronic diseases are long-term medical conditions that endure and often progress slowly. These tools are crucial in chronic diseases, especially in molecular diagnostics and research as they enable genetic testing, biomarker analysis, research, pharmacogenomic testing, and disease monitoring, contributing to our understanding and management of these conditions.
How Is The Nucleic Acid Extraction Instruments And Reagents Market Segmented?
The nucleic acid extraction instruments and reagents market covers:
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
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Which Companies Are Prominent Players In The Nucleic Acid Extraction Instruments And Reagents Market?
Significant companies 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 Latest Trends In The Nucleic Acid Extraction Instruments And Reagents Market?
A significant trend in the market is the focus on developing innovative solutions like nucleic acid extraction systems, which simplify the traditional process, and increases throughput by as much as tenfold. This method has been utilized by companies like LGC Biosearch Technologies to revolutionize DNA purification.
Which Region Has The Largest Share In The Nucleic Acid Extraction Instruments And Reagents Market?
North America had the largest share in the nucleic acid extraction instruments and reagents market in 2024. Other regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
What Does The Nucleic Acid Extraction Instruments And Reagents Global Market Report 2024 Offer?
The market report provides information on market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. This is a crucial aspect of molecular biology, genetics, and diagnostic laboratories.
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