The Global report on “Nucleic Acid Isolation and Purification Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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“The global nucleic acid isolation and purification market projected to grow at a CAGR of 9.6%.”
The global nucleic acid isolation and purification market is expected to reach USD 4.38 billion by 2023 from USD 2.77 billion in 2018, at a CAGR of 9.6%. Market growth is mainly driven by factors such as increasing public-private funding for life science research, technological advancements, and increasing automation. Emerging economies are expected to offer a wide range of growth opportunities for players in the market. However, the high cost of automated instruments is expected to hinder the growth of the market.
“Magnetic bead-based isolation and purification is expected to grow at the highest CAGR during the forecast period.”
On the basis of method, the nucleic acid isolation and purification market is segmented into column-based isolation and purification, reagent-based isolation and purification, magnetic bead-based isolation and purification, and other methods. The magnetic bead-based method is expected to grow at a higher CAGR during the forecast period as this method increases throughput, uses no hazardous chemicals, and can be automated if required.
“Academic and government research institutes are expected to dominate the market during the forecast period.”
On the basis of end user, the nucleic acid isolation and purification market is segmented into academic & government research institutes, pharmaceutical & biotechnology companies, contract research organizations, hospitals & diagnostic centers, and other end users. In 2018, academic and government research institutes are expected to account for the largest share of the market due to the increasing research activities and use of nucleic acid tests in molecular diagnostics.
“Asia to witness the highest growth during the forecast period.”
In 2018, North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in the Asian market is attributed to factors such as favorable regulatory guidelines, lower manufacturing costs, growing presence of market players in emerging economies, and favorable government investments in the life sciences sector.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 – 36%; Tier 2 -46%; Tier 3 – 18%.
- By Designation: C-level- 29%; D-level- 43%; others- 28%.
- By Region: North America-39%; Europe-29%;Asia-20%; Rest of the World- 12%
List of companies profiled in the report
- Agilent Technologies (US)
- Bio-Rad Laboratories (US)
- Danaher Corporation (US)
- Roche (Switzerland)
- GE Healthcare (US)
- Promega Corporation (US)
- Merck KGaA (Germany)
- Takara Bio (Japan)
- Thermo Fisher Scientific (US)
- New England Biolabs (US)
The report provides an overview of the nucleic acid isolation and purification market.It aims at estimating the market size and future growth potential of this market across different segments such as product, method, type, application, end user,and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall nucleic acid isolation and purification market and its sub segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also will also help stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.
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