DNA/RNA Extraction: Market Insights
In recent past, there has been advancement in automation technologies, resulting in more accurate and effective analysis. Global key players have developed many new and broad range of DNA/RNA extraction kits which are fast, accurate and easy to use for analysis of microorganisms, animal, food and environmental samples. DNA/RNA extraction kits have been optimized in combination with PCR and electrophoresis equipments for rapid identification and quantification of DNA/RNA samples. The isolated DNA/RNA can be used directly in PCR assays using tailor made kits that efficiently work with all type of sample matrices. DNA/RNA extraction techniques are performed in hospital laboratories, diagnostic laboratories, academic & research laboratories, biopharmaceutical companies, forensic laboratories and contract research organization.
DNA/RNA Extraction Market: Drivers and Restraints
DNA/RNA extraction market is anticipated to grow significantly over the forecast period. The growth of the market will be largely influenced by decrease in cost of genetic engineering products, strong growth and development in personalized medicine and other diagnostic tools. Growing research in isolation, extraction and purification of nucleic acid will lead to the growth of DNA/RNA extraction market globally
Some of the major players operating in DNA/RNA extraction market include Danaher, Qiagen, Roche, Illumina, Thermo Fischer Scientific and Agilent Technologies. Over the years, these companies with huge investments in product development are evolving at a faster rate in DNA/RNA extraction market The key revenue based growth to these players haven due to product related agreements and tie-ups with medical devices and healthcare care companies around the world.
Many small and emerging players are also interested in strategic partnerships and agreements with global firms to expand their both genomic and proteomic business across all geographies For instance, in July 2019, RevoluGen, a UK based small molecular chemistry and research company announced global distribution collaboration with Merck for its unified high molecular weight DNA extraction and size selection product Fire Monkey / Fire Flower.
DNA/RNA Extraction Market: Overview
DNA/RNA extraction is a combinational process for nucleic acid extraction by means of quantitative analysis using extractions kits and sophisticated instruments. The genomic method helps in eliminating the need for mechanical disruption and labor. Additionally, enhanced protocols and a new DNA/RNA extraction kits available in the market helps in delivering reproducible high quality DNA/RNA extraction results. It is anticipated that rise in R&D funding, increased preference for automation and advancement in technology will majorly drive the market for DNA/RNA extraction. Besides, increase demand for user-friendly products is also expected to drive the market for DNA/RNA extraction However, lack of new product awareness and low levels of product penetration in undeveloped nations will impede the growth of DNA/RNA extraction market in the forecast period.
DNA/RNA Extraction Market: Regional Outlook
Globally, North America is anticipated to be the leading regional market for DNA/RNA extraction. Growing genomic and proteomic research along with research collaborations amongst research institutes and hospital laboratories for clinical DNA/RNA data analysis are some of the major developments that will fuel the growth of DNA/RNA extraction market. The regional North America market for DNA/RNA extraction is also going to be driven by the presence manufacturing hubs of key companies operating in DNA/RNA extraction market. Europe, East and South Asian DNA/RNA extraction market will also show a tremendous growth potential in the forecast period. Increasing awareness and preference of new and innovative technologies across these three region is going to drive the market of DNA/RNA Extraction in the future followed by Oceania and Middle East & Africa.
DNA/RNA Extraction Market: Key Players
Some of the key players operating in the global DNA/RNA extraction market are Thermo Fisher Scientific Inc, Primerdesign, QIAGEN N.V., RevoluGen, Bioneer corp, MO BIO Laboratories, BioFire Defense, General Biosystems, Akonni Biosystems, Promega Corporation, Bio-Rad Laboratories, and many more.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
DNA/RNA Extraction Market: Segmentation
Tentatively, the global DNA/RNA extraction market can be segmented on the basis of product type, modality, end user and geography.
Based on Product Type the global DNA/RNA Extraction market is segmented as:
- Kits & Reagents
- DNA Extraction Kits
- Genomic DNA Isolation & Purification Kits
- Plasmid DNA Isolation & Purification Kits
- Viral DNA Isolation & Purification Kits
- Others Kits
- RNA Extraction Kits
- Total RNA Isolation & Purification Kits
- miRNA Isolation & Purification Kits
- mRNA Isolation & Purification Kits
- Total nucleic acid (RNA + DNA) Isolation & Purification Kits
- Sequence-specific RNA Isolation & Purification Kits
- Viral RNA Isolation & Purification Kits
Based on Method, the global DNA/RNA Extraction market is segmented as:
- Magnetic Bead-based
Based on Application, the global DNA/RNA Extraction market is segmented as:
- Precision Medicine
- Health & Diagnostics
- Drug Discovery & Development
- Animal Research
- Other Applications
Based on End User, the global DNA/RNA Extraction market is segmented as:
- Hospital Laboratories
- Academic & Research Laboratories
- Diagnostic Laboratories
- Biopharmaceutical Companies
- Forensic Laboratories
- Contract Research Organization
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.