Get In Touch

Increasing Emphasis on Preventing Spread of Harmful Diseases to Fuel Market Growth

Food security and global health face a constant threat from various existing and new plant and human diseases that are primarily caused by fungi, viruses, and different types of pathogens. Over the past few decades, the outbreak of various diseases including swine flu, Ebola, SARS, MERS, and the most recent COVID-19 has led to considerable loss of human lives and hindered the growth of the economy in several regions. Due to the occurrence of these diseases, considerable efforts are being made to prevent the spread of harmful diseases and safeguard the human population. As a result, rapid point-of-care molecular diagnosis of animals and plants witnessed a major spike due to which, the demand for nucleic acid extraction instruments & reagents continued to move in the upward trajectory.

Government bodies around the world, in collaboration with various research institutes and organizations, are increasingly investing in nucleic acid-based molecular diagnosis, as this technique offers considerable insights at the genomic level pertaining to the identity of the disease-causing pathogens. The increasing adoption of nucleic acid-based diagnostic tests around the world is one of the major factors expected to propel the global nucleic acid extraction instruments & reagents market during the forecast period.

At the back of these factors, along with rapid advancements in technology, the global nucleic acid extraction instruments & reagents market is projected to cross a value of US$ 4.9 Bn by the end of 2030. Progress made in the field of biotechnology coupled with the increasing prevalence of infectious and chronic diseases is expected to aid the growth of the market for nucleic acid extraction instruments & reagents during the assessment period. The increasing demand for personalized medicine and therapies is another factor that is anticipated to provide a solid boost to the nucleic acid extraction instruments & reagents market during the assessment period.

Request a sample to get extensive insights into the Nucleic Acid Extraction Instruments & Reagents Market

High Demand for Rapid Molecular Diagnosis in Limited Resource Setting to Bolster Market Growth

The uptake of nucleic acid-based diagnostic tests has increased at a noteworthy pace over the past few years and the trend is set to continue during the forecast period. Moreover, as sample preparation from plant and human specimens is predominantly time consuming and involves a number of steps, a well-equipped laboratory and skilled personnel is required. However, to carry out rapid molecular diagnosis in a limited resource setting, nucleic-acid extraction procedures are required to enhance the frequency of field detection without major human intervention– a factor that is expected to fuel the demand for nucleic acid extraction instruments & reagents in the upcoming months.

Recent advancements in point-of-care nucleic acid extraction technologies, and the increasing applicability and robustness of such procedures, especially for the isolation of nucleic acid from raw samples are anticipated to aid the growth of the global nucleic acid extraction instruments & reagents market. Furthermore, the increasing integration of rapid nucleic acid preparation techniques with sensor technologies and various assays is likely to play a key role in revolutionizing the diagnosis of plant and human diseases, particularly in remote and limited resource settings.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Automated Nucleic Acid Extraction Solutions Set to Replace Manual Techniques amid COVID-19 Pandemic

The conventional manual nucleic extraction procedures primarily rely on an array of chemical compounds, which make the diagnostic process lengthy and time-consuming. While these techniques are extensively used across the world in laboratories, semi-automated and automated techniques are gradually gaining considerable popularity, as they require minimum human intervention and contamination. The increasing demand for automated nucleic acid extraction is projected to have a direct impact on the growth of the nucleic acid extraction instruments & reagents market during the assessment period.

A number of companies involved in the current nucleic acid extraction instruments & reagents market landscape is launching automated nucleic acid extractors. In addition, due to the outbreak of the COVID-19 pandemic, product diversification and development have gained considerable spotlight. The increasing demand for automated COVID-19 RNA extraction is anticipated to have a strong impact on the growth of the global nucleic acid extraction instruments & reagents market during the ongoing pandemic. Research and development activities are expected to continue in full swing amid the ongoing health crisis.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Nucleic Acid Extraction Instruments & Reagents Market

Analysts’ Viewpoint

The nucleic acid extraction instruments & reagents market is expected to expand at a steady CAGR during the assessment period. The market growth will be driven by the increasing prevalence of chronic diseases worldwide and outbreak of diseases such as swine flu, SARS, MERS, etc. Advancements in technology and benefits offered by semi-automated and automated point-of-care nucleic acid extraction diagnosis will play an imperative role in boosting the demand for nucleic acid extraction instruments & reagents during the assessment period. The onset of the COVID-19 pandemic is anticipated to accelerate the growth of the global nucleic acid extraction instruments & reagents market during the first half of the forecast period.

Nucleic Acid Extraction Instruments & Reagents Market: Overview

  • The global nucleic acid extraction instruments & reagents market was valued at US$ 2.4 Bn in 2019. It is projected to expand at a considerable CAGR from 2020 to 2030.
  • Increase in R&D funding in healthcare and biotechnology, and rise in technological advancements in molecular testing are expected to drive the nucleic acid extraction instruments & reagents market during the forecast period. Additionally, an increase in the prevalence of infectious diseases, such as COVID-19, is expected to drive the global nucleic acid extraction instruments & reagents market.

Nucleic Acid Extraction Instruments & Reagents Market: Segmentation

  • The global nucleic acid extraction instruments & reagents market has been segmented based on type, extraction type, method, end user, and region
  • In terms of type, the global nucleic acid extraction instruments & reagents market has been categorized into instruments, and extraction kits, reagents, and consumables. The instruments segment has been further sub-segmented into spin columns, beads/magnetic beads, automated nucleic acid extraction systems, and others.
  • Based on extraction type, the global nucleic acid extraction instruments & reagents market has been classified into DNA extraction, RNA extraction, and DNA/RNA extraction
  • In terms of method, the global nucleic acid extraction instruments & reagents market has been segregated into solution-based methods and solid-phase based methods
  • Based on end user, the global nucleic acid extraction instruments & reagents market has been split into academic research institutes, hospitals & diagnostics centers, pharmaceutical & biotechnology industry, contract research organizations (CROs), and others

Nucleic Acid Extraction Instruments & Reagents Market: Regional Segmentation

  • In terms of region, the global nucleic acid extraction instruments & reagents market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global nucleic acid extraction instruments & reagents market in 2019 and the trend is projected to continue during the forecast period. Well-established healthcare and life science industries in North America, early adoption of technologically advanced products, high awareness about various infectious as well as chronic diseases, and high per capita healthcare expenditure are major factors attributed to high market share held by North America in 2019.
  • The nucleic acid extraction instruments & reagents market in Asia Pacific is anticipated to expand at a high CAGR from 2020 to 2030. The nucleic acid extraction instruments & reagents market in the region is expected to expand at a high CAGR during the forecast period, owing to the expansion of the market in China and India. Additionally, increase in the development and sales of biological drugs in countries such as Japan, India, and China is projected to propel the market in the region during the forecast period.

Nucleic Acid Extraction Instruments & Reagents Market: Major Players

  • The global nucleic acid extraction instruments & reagents market is fragmented in terms of number of players. Key players operating in the global nucleic acid extraction instruments & reagents market are
    • Thermo Fisher Scientific, Inc.
    • Agilent Technologies
    • Bio-Rad Laboratories, Inc.
    • Merck KGaA
    • Danaher Corporation
    • F. Hoffmann-La Roche Ltd.
    • Illumina, Inc.
    • Takara Bio, Inc.
    • Promega Corporation
    • QIAGEN.
  • In June 2020, Promega Corporation announced CE marking for the OncoMate MSI Dx Analysis System as a new in vitro diagnostic (IVD) medical device in Europe. OncoMate MSI is a PCR-based, validated gold standard for determining microsatellite instability (MSI) status in solid tumors.
  • In January 2020, Takara Bio and Tmunity entered into license agreement to advance siRNA technology to improve T cell therapies
  •  In 2019, QIAGEN announced the acquisition of Formulatrix assets to develop a digital PCR platform

Nucleic Acid Extraction Instruments & Reagents Market – Scope of the Report

TMR’s report on the global nucleic acid extraction instruments & reagents market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the overall revenue of the global nucleic acid extraction instruments & reagents market from 2018 to 2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global nucleic acid extraction instruments & reagents market for the forecast period.

The report has been prepared after an extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with market leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global nucleic acid extraction instruments & reagents market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts also employed a combination of top-down and bottom-up approaches to study various phenomena in the global nucleic acid extraction instruments & reagents market.

The report includes an elaborate executive summary, along with a snapshot of the growth pattern of various segments included in the scope of the study. Additionally, the report sheds light on the changing competition dynamics in the global nucleic acid extraction instruments & reagents market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global nucleic acid extraction instruments & reagents market. The next section of the report highlights the USPs, which include technological advancements, top 3 players operating in the market space, average selling price for instruments and reagents, and COVID-19 pandemic impact on industry (value chain and short-/mid-/long-term impact) in the global nucleic acid extraction instruments & reagents market.

The report delves into the competitive landscape of the global nucleic acid extraction instruments & reagents market. Key players operating in the global nucleic acid extraction instruments & reagents market have been identified and each one of these has been profiled for its distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global nucleic acid extraction instruments & reagents market report.

Key Questions Answered in Nucleic Acid Extraction Instruments & Reagents Market Report

  1. What will be the sales revenue generated by nucleic acid extraction instruments & reagents across all regions during the forecast period?
  2. What are the key trends in the global nucleic acid extraction instruments & reagents market?
  3. What are major drivers, restraints, and opportunities in the global nucleic acid extraction instruments & reagents market?
  4. Which regional market is set to expand at the fastest CAGR during the forecast period?
  5. Which application segment will generate maximum revenue by 2030 and which product segment will expand at the fastest CAGR during the forecast period?

Nucleic Acid Extraction Instruments & Reagents Market – Research Objectives and Research Approach

The comprehensive report on the global nucleic acid extraction instruments & reagents market begins with an overview of the market, followed by the scope and objectives of the study. Following this, the report provides detailed explanation of the objectives of the study and healthcare compliances laid down by accredited agencies in the purview of research in the global nucleic acid extraction instruments & reagents market. It is followed by market introduction, market dynamics, and an overview of the global nucleic acid extraction instruments & reagents market, which includes TMR’s analysis of market drivers, restraints, and trends affecting the market. Furthermore, Y-o-Y growth analysis with elaborate insights has been provided to understand the Y-o-Y growth trends of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of market shares of key segments in the past and at the end of the forecast period.

Revenue generated by key players in the global nucleic acid extraction instruments & reagents market has been mapped to ascertain the size of the market in terms of value. The forecast presented here assesses the total revenue generated in the global nucleic acid extraction instruments & reagents market. In order to provide an accurate forecast, we initiated by sizing up the current nucleic acid extraction instruments & reagents market with the help of the parent market.

The report analyzes the global nucleic acid extraction instruments & reagents market in terms of type, extraction type, method, end user, and region. Key segments under each criteria have been studied at length and the market share of each of these by the end of 2030 has been provided. These valuable insights would help stakeholders in making informed business decisions for investments in the global nucleic acid extraction instruments & reagents market.

Nucleic Acid Extraction Instruments & Reagents Market – Segmentation

Type

  • Spin Columns
  • Beads/Magnetic Beads
  • Automated Nucleic Acid Extraction Systems
  • Others (Microfluidics & Lab-on-a- Chip Cartridges)
  • Extraction Kits, Reagents, & Consumables

Extraction Type

  • DNA Extraction
  • DNA/RNA Extraction
  • RNA Extraction

Method

  • Solution-based Methods
  • Solid-phase-based Methods

End User

  • Hospitals
  • Academic Research Institutes
  • Hospitals & Diagnostic Centers
  • Pharmaceutical & Biotechnology Industry
  • Contract Research Organizations (CROs)
  • Others (Food, Environment, Forensic Industry, etc.)

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Nucleic Acid Extraction Instruments Reagents Market

Buy Now