What Did the Past and Future Market Size Reveal About the Nucleic Acid Labeling Market?
The nucleic acid labeling market size has demonstrated strong growth in recent years. The market value increased from $2.56 billion in 2024 to a projected estimation of $2.77 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth include increased healthcare expenditure, a surge in R&D spending, growth in genomics research and disease diagnosis, and the escalating demand for personalized medicine.
Moving forward, the nucleic acid labeling market size is predicted to witness substantial growth, expanding to $4.01 billion by 2029 at a CAGR of 9.7%. This growth is attributed to rising health awareness, growing infiltration of major global players, heightened emphasis on patient-centered approaches, a burgeoning biotechnology sector, and an uptick in the application of DNA sequencing.
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What Drives the Growth of the Nucleic Acid Labeling Market?
A key growth driver for the nucleic acid labeling market is the increasing prevalence of infectious diseases. These diseases, caused by microscopic organisms such as parasites, fungi, viruses, and bacteria, are typically passed from one individual to another. Nucleic acid labeling techniques offer enhanced specificity, sensitivity, visualization, and automation that enables precise detection of diseases such as tuberculosis, hepatitis, and gonorrhea. For instance, the Centers for Disease Control and Prevention reported 8,300 cases of tuberculosis in the US in 2022, up from 7,874 cases in 2021.
What Market Segments Are Highlighted in This Report?
The nucleic acid labeling market is categorized into the following segments:
1) By Product Type: Kits, Reagents, Instruments
2) By Labeling Type: Radioisotope Or Radioactive Labels, Non-Radioactive Labels
3) By Method: Enzyme-Based, Chemical-Based
4) By Application: DNA Sequencing, Polymerase Chain Reaction, Fluorescence In Situ Hybridization (FISH), Microarrays, Blotting, In Situ Hybridization, Other Applications
5) By End User: Hospitals Or Clinics, Diagnostic Centers, Other End Users
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Who Are the Major Players in the Nucleic Acid Labeling Market?
Key players in the nucleic acid labeling industry include General Electric Company, F. Hoffman-La Roche AG, Thermo Fisher Scientific Inc., Merck Group, Roche Diagnostics Corporation, GE Healthcare Bio Sciences AB, Agilent Technologies Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., and others.
What Emerging Trends Are Expected in the Nucleic Acid Labeling Market?
Technological advancements are a trending feature in the nucleic acid labeling market. Many companies are focusing on advancements in nanotechnology to maintain their market positions.
What are the Key Insights on Regional Market Analysis?
North America was the largest contributor to the nucleic acid labeling market in 2024. Conversely, Asia-Pacific is anticipated to experience the fastest growth in the forecast period.
What Does the Nucleic Acid Labeling Global Market Report 2024 Report 2025 Offer?
Nucleic acid labeling is the process of introducing detectable markers into DNA or RNA molecules. These tags enable visualization and detection of specific nucleic acid sequences or track their presence, location, or activity in different experimental or diagnostic applications. For more insights, purchase the exclusive Global Nucleic Acid Labeling Global Market Report 2024 at https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12647
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