Press release
Nucleic Acid Extraction System Market is Poised to Grow at a CAGR of 11.4% to Reach US$ 13.64 Billion by 2032
The global nucleic acid extraction system market is expected to grow at an impressive CAGR of 11.4%, expanding from a market valuation of $4.63 billion in 2022 to $13.64 billion by the end of 2032.
This growth is driven by increasing demand in hospitals and diagnostic centers, fueled by rising research initiatives, the use of nucleic acid testing in molecular diagnostics, and the high demand for rapid and accurate disease diagnosis.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=432
Key Companies Profiled
Thermo Fisher Scientific, Inc.
Illumina, Inc.
Agilent Technologies, Inc.
Tecan Group AG.
Sigma Aldrich Corp.
Becton Dickinson and Company
QIAGEN
Bio-Rad Laboratories Inc.
PerkinElmer, Inc.
F. Hoffmann-La Roche
DiaSorin S.p.A
Increasing Demand for Precision Medicine:
The rising emphasis on precision medicine, which customizes medical treatment based on individual patient characteristics, has significantly boosted the demand for advanced molecular diagnostics. Nucleic acid extraction systems play a crucial role in this shift by enabling the isolation and analysis of genetic material with unparalleled accuracy. This increased demand spans various applications including oncology, infectious diseases, genetic disorders, and pharmacogenomics.
Technological Advancements Driving Market Growth:
Market expansion is closely linked to rapid technological advancements in nucleic acid extraction systems. Cutting-edge innovations such as automated extraction processes, high-throughput capabilities, and integrated sample-to-answer solutions are improving efficiency and reducing turnaround times. These advancements not only enhance diagnostic precision but also contribute to cost-effectiveness, making molecular diagnostics more accessible to a wider range of healthcare providers and research institutions.
Regional Insights:
Europe: Europe holds a significant 28.6% share of the global nucleic acid extraction system market. Major biotech firms in the region are currently undergoing commercialization and expanding their operations, which is expected to bolster the market for nucleic acid extraction systems.
North America: North America plays a crucial role in driving the global nucleic acid extraction system market with a 24.7% share. The U.S. specifically has shown rapid technological advancements and maintains stringent standards for pharmaceutical analysis, positioning it to drive growth in the nucleic acid extraction system market within the region.
Asia Pacific: The Asia Pacific region is poised to become one of the leading revenue contributors to the market, supported by a thriving medical research and development industry.
Category Insights:
Segmented by application, the nucleic acid extraction system market encompasses hospitals & diagnostic centers, life sciences, pharmaceuticals, academia, and medical and clinical research. Hospitals & diagnostic centers currently hold the largest share in this market.
Accurate diagnosis of genetic disorders such as sickle cell disease, Tay-Sachs, hemophilia A, and anemia is facilitated through DNA/RNA extraction procedures. The anticipated accessibility of these advanced methods at moderate to low costs is expected to enhance their adoption in hospitals & diagnostic centers.
Technological advancements in sample preparation and the increasing demand for new extraction techniques and advanced nucleic acid arrays are key drivers behind the growing demand for nucleic acid extraction systems in hospitals & diagnostic centers.
Read More: https://www.factmr.com/report/432/nucleic-acid-extraction-system-market
Competitive Landscape
Key players are working on many projects to increase the number of nucleic acid extraction instruments and kits. To maximize the benefits to end users and speed up research turnaround time, players are investing in discovering and incorporating innovative efficient solutions.
For instance :
In 2020, Thermo Fisher acquired QIAGEN N.V., a major global supplier of diagnostic techniques and sample preparation technology. This investment is expected to extend the company's specialty diagnostics offering with revolutionary sample processing, test, and bioinformatics solutions.
Key Segments Covered in Nucleic Acid Extraction System Industry Research
Nucleic Acid Extraction System Market by Product :
DNA Extraction
RNA Extraction
Protein Extraction
Nucleic Acid Extraction System Market by Application :
Hospitals & Diagnostic Centers
Life Science
Pharmaceuticals
Academic
Medical and Clinical Research
Nucleic Acid Extraction System Market by Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=432
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This growth is driven by increasing demand in hospitals and diagnostic centers, fueled by rising research initiatives, the use of nucleic acid testing in molecular diagnostics, and the high demand for rapid and accurate disease diagnosis.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=432
Key Companies Profiled
Thermo Fisher Scientific, Inc.
Illumina, Inc.
Agilent Technologies, Inc.
Tecan Group AG.
Sigma Aldrich Corp.
Becton Dickinson and Company
QIAGEN
Bio-Rad Laboratories Inc.
PerkinElmer, Inc.
F. Hoffmann-La Roche
DiaSorin S.p.A
Increasing Demand for Precision Medicine:
The rising emphasis on precision medicine, which customizes medical treatment based on individual patient characteristics, has significantly boosted the demand for advanced molecular diagnostics. Nucleic acid extraction systems play a crucial role in this shift by enabling the isolation and analysis of genetic material with unparalleled accuracy. This increased demand spans various applications including oncology, infectious diseases, genetic disorders, and pharmacogenomics.
Technological Advancements Driving Market Growth:
Market expansion is closely linked to rapid technological advancements in nucleic acid extraction systems. Cutting-edge innovations such as automated extraction processes, high-throughput capabilities, and integrated sample-to-answer solutions are improving efficiency and reducing turnaround times. These advancements not only enhance diagnostic precision but also contribute to cost-effectiveness, making molecular diagnostics more accessible to a wider range of healthcare providers and research institutions.
Regional Insights:
Europe: Europe holds a significant 28.6% share of the global nucleic acid extraction system market. Major biotech firms in the region are currently undergoing commercialization and expanding their operations, which is expected to bolster the market for nucleic acid extraction systems.
North America: North America plays a crucial role in driving the global nucleic acid extraction system market with a 24.7% share. The U.S. specifically has shown rapid technological advancements and maintains stringent standards for pharmaceutical analysis, positioning it to drive growth in the nucleic acid extraction system market within the region.
Asia Pacific: The Asia Pacific region is poised to become one of the leading revenue contributors to the market, supported by a thriving medical research and development industry.
Category Insights:
Segmented by application, the nucleic acid extraction system market encompasses hospitals & diagnostic centers, life sciences, pharmaceuticals, academia, and medical and clinical research. Hospitals & diagnostic centers currently hold the largest share in this market.
Accurate diagnosis of genetic disorders such as sickle cell disease, Tay-Sachs, hemophilia A, and anemia is facilitated through DNA/RNA extraction procedures. The anticipated accessibility of these advanced methods at moderate to low costs is expected to enhance their adoption in hospitals & diagnostic centers.
Technological advancements in sample preparation and the increasing demand for new extraction techniques and advanced nucleic acid arrays are key drivers behind the growing demand for nucleic acid extraction systems in hospitals & diagnostic centers.
Read More: https://www.factmr.com/report/432/nucleic-acid-extraction-system-market
Competitive Landscape
Key players are working on many projects to increase the number of nucleic acid extraction instruments and kits. To maximize the benefits to end users and speed up research turnaround time, players are investing in discovering and incorporating innovative efficient solutions.
For instance :
In 2020, Thermo Fisher acquired QIAGEN N.V., a major global supplier of diagnostic techniques and sample preparation technology. This investment is expected to extend the company's specialty diagnostics offering with revolutionary sample processing, test, and bioinformatics solutions.
Key Segments Covered in Nucleic Acid Extraction System Industry Research
Nucleic Acid Extraction System Market by Product :
DNA Extraction
RNA Extraction
Protein Extraction
Nucleic Acid Extraction System Market by Application :
Hospitals & Diagnostic Centers
Life Science
Pharmaceuticals
Academic
Medical and Clinical Research
Nucleic Acid Extraction System Market by Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=432
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
