Rising Prevalence of Chronic Diseases to Drive Demand for Nucleic Acid Isolation and Purification.
Global Nucleic Acid Isolation and Purification Market - Key Insights by VynZ Research
The global nucleic acid isolation and purification market is anticipated to grow at a CAGR of around 9.2% during the forecast period (2022-2030), according to a new report published by VynZ Research. The report provides an in-depth analysis of the market size, share, growth, trends, and forecast for the global nucleic acid isolation and purification market.
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Nucleic acid isolation and purification play a crucial role in the study of genomics, proteomics, and molecular biology, among others. The increasing demand for nucleic acid-based diagnostic tests, the rise in the number of research activities, and the growing focus on personalized medicine are the primary factors driving the growth of the global nucleic acid isolation and purification market.
The report segments the global nucleic acid isolation and purification market based on product type, method, application, end-user, and region. By product type, the market is segmented into kits, reagents, and instruments. The kits segment accounted for the largest share of the market in 2020 due to the increasing adoption of kits in the research and diagnostic industries.
By method, the market is segmented into column-based purification, magnetic bead-based purification, reagent-based purification, and others. The column-based purification segment accounted for the largest share of the market in 2020 due to its high efficiency, cost-effectiveness, and ease of use.
By application, the market is segmented into research, diagnostics, and others. The research segment accounted for the largest share of the market in 2020 due to the increasing number of research activities and the rising demand for personalized medicine.
By end-user, the market is segmented into academic and research institutes, pharmaceutical and biotechnology companies, hospitals and diagnostic centers, and others. The academic and research institutes segment accounted for the largest share of the market in 2020 due to the increasing focus on research activities and the growing number of research institutes.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share of the market in 2020 due to the presence of a large number of research institutes, pharmaceutical and biotechnology companies, and the increasing adoption of nucleic acid-based diagnostic tests.
Key players operating in the global nucleic acid isolation and purification market include Thermo Fisher Scientific Inc., QIAGEN N.V., Promega Corporation, Illumina, Inc., Danaher Corporation, Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Merck KGaA, and Takara Bio Inc.
In conclusion, the global nucleic acid isolation and purification market is witnessing significant growth due to the increasing demand for nucleic acid-based diagnostic tests, the rise in the number of research activities, and the growing focus on personalized medicine. The market is expected to continue to grow at a steady pace during the forecast period, driven by the increasing adoption of kits, the efficiency of column-based purification, and the increasing focus on research activities.
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