From a market worth of $4.63 billion in 2022 to $13.64 billion by the end of 2032, the global nucleic acid extraction system market is anticipated to rise at an amazing CAGR of 11.4%.
The use of nucleic acid testing in molecular diagnostics, growing research ambitions, and the need for quick and precise disease diagnosis are the main drivers of this rise in hospitals and diagnostic facilities.
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How is Demand for Nucleic Acid Extraction Systems Evolving?
Advancements in nucleic acid extraction processes have driven higher demand for quality reagents, kits, and related products. Numerous companies have built in-house capabilities to produce high-quality solutions with rapid turnaround times to meet diverse research needs.
Key drivers of the nucleic acid purification market include technological improvements in sample preparation methods, collaborations among leading research institutes to advance molecular biology research, rising demand for custom nucleic acids, and innovations in analytical instruments.
Additionally, increasing investments in medical research, particularly by academic and research institutions, have deepened understanding of the pathways through which proteins regulating disease development are either upregulated or downregulated.
In recent years, the complexity of research products has grown, reflecting greater insight into basic pathways and the discovery of new ones. To meet the evolving demands of life science research, manufacturers must stay aligned with the latest scientific advancements.
Key Regions for Nucleic Acid Extraction System Providers
Europe holds 28.6% of the global nucleic acid extraction system market, driven by major biotech firms scaling up and commercializing operations, boosting demand for these systems.
North America plays a significant role, contributing 24.7% to the market. The U.S. leads with rapid technological advancements and stringent pharmaceutical analysis standards, fostering market growth.
Asia Pacific is also poised to become a key revenue driver, supported by a flourishing medical research and development sector.
Competitive Landscape of the Nucleic Acid Extraction System Market
Leading companies are actively developing new nucleic acid extraction instruments and kits to expand their portfolios. By investing in innovative and efficient solutions, they aim to enhance end-user benefits and accelerate research timelines.
Example:
In 2020, Thermo Fisher acquired QIAGEN N.V., a global leader in diagnostic techniques and sample preparation technologies. This acquisition is set to strengthen Thermo Fisher’s specialty diagnostics segment by integrating advanced sample processing, testing, and bioinformatics solutions.
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