FREMONT, Calif., July 15, 2021 /PRNewswire/ -- The premium market intelligence report published by BIS Research,Global Nucleic Acid Isolation and Purification Market, highlights that the market is projected to reach $5.0 billion by 2031. The study also highlights that the market is set to witness a CAGR of 7.20% during the period 2021-2031. The growth of the market is attributed to factors driving it, including increasing adoption of genetic testing, decreasing cost of sequencing, and growing prevalence of infectious diseases, among others.
Nucleic acid testing is a molecular-based technique that allows the quantification and analysis of DNA/RNA, microbiome, and other biomolecules from various samples, including saliva, blood, serum, plasma, microbes, plants, and tissue, among others. Nucleic acid testing performed through polymerase chain reaction, next-generation sequencing, and microarray enables high-quality yield results due to higher sensitivity leading to better analysis than the serological-based methods.
To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include end user and market share analysis, growth share analysis, workflow, nucleic acid type, sample type, source type, technology, application, end user, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.
The market intelligence by BIS Research additionally throws a spotlight on the opportunities existing in the market, including the higher adoption of genetic tests for early diagnosis for various chronic conditions such as cancer, prenatal screening, and infectious diseases, increasing the need for sophisticated solutions for rapid and cost-effective analysis of DNA/RNA from various samples such as virus, FFPE-tissue, and blood.
The sample and source type of global market include data analysis on preferred kit type for nucleic acid isolation and purification analysis, current unmet need for the analysis of a specific sample, opportunities existing in the development of kits and automated instruments for DNA/RNA extraction and isolation.
The end user and product analysis of the global market includes data analysis on the satisfaction level of different kits and assays and services offered by the leading and emerging companies. The study is majorly centered on the sub-segments and micro-segments of the different product markets, such as consumables and services. The consumables are further categorized into kits and reagents.
Emphasizing on the dominance of the research and academic organizations over the applied testing segment under the end user category of the nucleic acid testing market in 2020 and 2031, Nitish Singh, Principal Analyst, BIS Research, states, "The reason for market growth can be attributed to the large-scale research and development along with several sequencing initiatives taken globally. The increasing disease burden, including the current COVID-19 pandemic, has led to large capital investments by key players in research and development for the development of highly sensitive and specific solutions to reduce the sample preparation and yield better quality nucleic acids for further downstream applications.
Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, Illumina, Inc., General Electric Company (GE), New England Biolabs, Inc., Promega Corporation, Merck KGaA, Takara Bio Inc., QIAGEN N.N., Thermo Fisher Scientific Inc., and Promega Corporation.
The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.
How can market intelligence on nucleic acid testing add value to an organization's decision-making process?
Aid in development
Help in targeting a segment for launching a new product
Offer detailed information on the future perspective of the emerging as well as established players
Offer go-to-market strategies for the different source type
Support in diversifying the product portfolio based on risk and progression of technology (ISH, NGS, PCR, and others)
Help in analyzing technological substitutes and compare the specifications
Offer tailor-made solutions based on the throughput of different consumers
Aid in understanding the technology requirement
Assist in exploring the newer application
Support in analyzing the competitors' funding scenario
Support in understanding the involvement of government health organizations such as the National Institute of Health (NIH)
Aid in understanding the new trends in the industry
Key Questions Answered in the Report
What is the current state of the global nucleic acid isolation and purification market, and how is it expected to be in the future?
What are the major market drivers, challenges, and opportunities in the global nucleic acid isolation and purification market?
What are the key development strategies which are being implemented by major players in order to sustain in the competitive market?
How is each segment of the market expected to grow during the forecast period from 2020 to 2031? Following are the segment types:
Product Type: instrument and consumables (kits and reagents)
End User: academic research institutes, pharmaceutical and biotechnology companies, applied testing, contract research organizations, and clinical diagnostic centers
Region: North America, EMEA, Asia-Pacific, and Latin America
Which are the leading players with significant offerings to the global nucleic acid isolation and purification market? What is the expected market dominance for each of these leading players?
Which companies are anticipated to be highly disruptive in the future, and why?
What are the challenges in the nucleic acid isolation and purification market?
Which emerging companies are anticipated to be highly disruptive in the future, and what are their key strategies for sustainable growth in the global nucleic acid isolation and purification market?
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About BIS Research:
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