Nucleic acids are large and complex molecules responsible for transfer of genetic information from one generation to the next. The two major types of nucleic acids are deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). DNA carries out the function of transmission of hereditary characters, while RNA is responsible for protein synthesis. Generally, nucleic acids are labelled with tags which enable the detection and purification processes. There are various chemical and enzymatic methods available for labeling nucleic acids, such as incorporation of fluorescent tags, radioactive phosphates, and modifications with biotin, which are primarily utilized in biotechnology applications.

DNA and RNA fragments of uneven length are referred as probes. These nucleic acid probes can be labelled with tags during the process of synthesis. Depending on application, nucleic acids may be labeled at their 3’ end, 5’ end, or throughout (overall) molecule. Moreover, the formation of a single double-stranded molecule with complementary base pairing of two single-stranded nucleic acids (DNA or RNA) is referred as hybridization of probe. This hybridization of probes can serve for the detection of a defined target sequence of nucleic acids. However, based on the modification and if costly purification services are required for purchasing of custom oligonucleotide probes (mostly RNA) can be expensive. Previously, radioisotope labels were used for hybridization probes; however, demand for non-radioactive labels is increasing. The nucleic acid labeling market is driven by rising genomic and enzymology research, improvements in disease diagnostics, increasing health care expenditure, and growing government initiatives and investments in R&D in molecular biology. However, high competition in the market and lack of skilled professionals can negatively impact market growth in the long term. Moreover, the emerging economies may provide new growth opportunities for the players operating in the nucleic acid labeling market.

The nucleic acid labeling market has been segmented based on product, application, end-user, and region. Based on product, the market has been segmented into labels and probes. These are further classified into radioactive and non-radioactive labels and probes. Radioactive labels are the most preferred labels; however, demand for non-radioactive labels is increasing due to significant improvement in existing detection methods in terms of speed, versatility, and sensitivity.

In terms of application, the nucleic acid labeling market has been segmented into DNA sequencing, polymerase chain reaction (PCR), fluorescence in situ hybridization (FISH), blotting, in situ hybridization, microarray, and others. Based on end-user, the market has been segmented into pharmaceutical & biotechnology companies, contract research organizations, and academic & research institutes. Pharmaceutical & biotechnology companies is the fastest growing segment of the nucleic acid labeling market driven by increasing R&D spending in pharmaceutical and biotechnology sector globally.

Geographically, the nucleic acid labeling market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are likely to dominate the global nucleic acid labeling market. Rising genomic research is the key driver of the nucleic acid labeling market in North America. Increasing adoption of personalized health technologies is one of the key factors likely to drive the market during the forecast period. Europe held the second largest share of the global nucleic acid labeling market. Asia Pacific is the most progressive market for nucleic acid labeling. Increasing health care spending and rising medical tourism are projected to drive the market in Asia Pacific.

Key players operating in the nucleic acid labeling market are Thermo Fisher Scientific, Inc., Merck KGaA, F. Hoffmann-La Roche Ltd., Promega Corporation, GE Healthcare, Enzo Biochem, Inc., and Vector Laboratories, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Nucleic Acid Labeling Market

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