Nucleic Acid Extraction and Purification Market Size, Share, Growth, And Industry Analysis, By Type (DNA Extraction & Purification, RNA Extraction & Purification) By Application (Hospital, Third Party Medical Laboratory, Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Others) and Regional Forecast To 2031

Updated On: 22 April 2024

Nucleic Acid Extraction and Purification Market Report Overview

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The global nucleic acid extraction and purification market size was USD 4409 million in 2022 & the market is expected to generate USD 7563 million by 2031, exhibiting a high CAGR of 6.2% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the Nucleic Acid Extraction and Purification market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Isolation and purification of nucleic acids are critical in several medical applications such as drug development, research and others. Many research and clinical applications require high-quality and highly pure nucleic acids such as DNA and RNA. Isolation and purification of DNA or RNA is necessary for genetic analysis and is also used in other medical, scientific and forensic applications. Various techniques are used to carry out the process, including reagent-based techniques, column-based techniques, and others. Sources for isolation and purification of nucleic acids can be hair, blood, bones, semen, saliva, nails and urine.

The growth of this market is largely due to increasing R&D and technology advances and increased automation. Developing economies, improving regulatory and reimbursement scenarios and the growing adoption of molecular diagnostics and personalized medicine is expected to offer a wide range of growth opportunities to market players. However, the high cost of automatic instruments is expected to restrain the growth of the market.

COVID-19 Impact: COVID-19 Pandemic Positive Catalyst for The Growth of the Market

The COVID-19 pandemic is a positive catalyst for the growth of the nucleic acid isolation and purification market. Researchers and companies around the world are working to develop specific tests and kits for rapid detection of SARS-CoV-2. For example, Omega Bio-tek, Inc. launched the Mag-Bind Viral RNA Xpress Kit in June 2020 to efficiently and rapidly isolate viral RNA. In addition, the company announced a production capacity of 6 million tests per month, which led to a significant increase in production capacity. COVID-19 significantly impacted market growth during the pandemic. This was largely due to the significant increase in disease tests and drug research. During the pandemic, the need for nucleic acids and purification increased due to research in this field to better understand the dynamics of SARS-CoV-2 virus and COVID-19 infection. For example, according to an NCBI article published in November 2021, a direct recovery method for purification and detection of viral nucleic acids enabled epidemiological surveillance of SARS-CoV-2. The use and purification of nucleic acids in diagnostic and molecular tests for COVID-19 and vaccine development has also played a key role in the growth of the market. Moreover, in the post-pandemic period, the increase in research activities due to the emergence of mutants of COVID-19 is expected to contribute to the growth of the market during the forecast period.

Latest Trends

"Hardware Segment Is Estimated To Hold A Significant Market Share In The Nucleic Acid Isolation And Purification Market "

 The device segment of the market under study is growing at a good pace. Significant advances have been made in the field of molecular diagnostics, which have facilitated rapid and continuous advances in nucleic acid isolation and purification techniques. It is based on new knowledge gained from mapping the genetic risk factors behind many diseases in which lifestyle plays an important role. .

Nucleic Acid Extraction and Purification Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into DNA extraction & purification, RNA extraction & purification. DNA extraction & purification is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into hospital, third party medical laboratory, academic & research institutes, pharmaceutical & biotechnology companies, others. Hospital will be the dominating segment.

Driving Factors

"Growing Advancements in Automation and Other Technologies propel the Market Growth"

Automation is the transfer of laborious laboratory tasks from humans to machines. DNA analysis is a repeatable process that may be mechanised, whereas screening evidence is a one-time occurrence. The robotic system allows the scientist to use more samples, analyse more plates, and step away from the process for extended periods of time. To minimise backlog and increase production, a laboratory must be prepared to invest an excessive amount of time in validating and training analysts to switch from manual to robotic analysis. Despite the fact that both little and big samples must be examined in laboratories, this can only be done with automation.

The nucleic acid isolation and purification market is growing due to advances in medical technology, awareness campaigns by public and private groups, and increasing government support. The market for nucleic acid isolation and purification is expected to increase with lucrative opportunities due to high development potential in emerging markets, improving regulatory and reimbursement environment, molecular diagnostics and personalized therapy. This report on the global nucleic acid isolation and purification market covers recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share,  impact of domestic and local market players and analyzes new revenue opportunities.

"Intensification of Research And Development Efforts propel the Market Growth"

During the projected period, factors like increasing R&D efforts, technical advances, and enhanced automation are anticipated to propel the growth of the nucleic acid isolation and purification market. The preparation of nucleic acid samples requires a variety of techniques to change a sample that cannot be studied directly into one that satisfies the requirements of the analytical technique to be used, such as reverse transcription (RT) or polymerase chain reaction (PCR). Purification and quality assessment of nucleic acid samples are crucial steps in experimental workflows because nucleic acid quality might affect how effectively operations are carried out afterward. Additionally, automated systems for medium- to large-sized laboratories are becoming more and more popular as a time-saving alternative to manual processes for nucleic acid isolation and purification. Through the use of this technology, it is possible to maximise sample throughput, yield, purity, repeatability, and scalability of biomolecules while lowering the danger of cross-contamination. Automating the nucleic acid extraction process reduces labour costs, improves worker safety, and provides a chance to improve repeatability and result quality. The worldwide nucleic acid isolation and purification market is growing as a result of the high demand for pure nucleic acids in the pharmaceutical and biotechnology sectors. Another reason that is fueling the expansion of the global market is the use of nucleic acids in diagnostic testing.  Additionally, these acids are used in several fields such as gene splicing, forensics, bioscience research, and molecular diagnostics, which supports market expansion.

Restraining Factors

"Market for Nucleic Acid Isolation and Purification Is Predicted to See Growing Challenges Due to The High Cost of Automated Devices"

This report on the global nucleic acid isolation and purification market details recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, impact of domestic and localised market players, and analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, produ Contact Data Bridge Market Research for an Analyst Brief to learn more about the nucleic acid isolation and purification market. Our staff will assist you in making an informed choice to advance your business.

Nucleic Acid Extraction and Purification Market Regional Insights

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"North America Is Anticipated to Be the Dominating Region During Forecast Period"

During the projection period, the North America market, particularly in the United States and Canada, is anticipated to account for a bigger revenue share than other regional markets. The market's expansion in this area may be ascribed to rising urbanisation and the existence of major market players selling products for nucleic acid isolation and purification. For example, Omega Bio-tek, Inc. introduced the Mag-Bind Viral RNA Xpress Kit in June 2020 for the quick and accurate isolation of viral RNA from Nasopharyngeal (NP) swab specimens that are dry or in Viral Transport Media (VTM). The new kit was created to address the paucity of RNA purification kits, which are required for the initial stages of COVID-19 testing. For scalable, high-throughput purification, the novel magnetic bead-based extraction kit may be adapted to most liquid handling devices. Such product introductions will likely help the U.S. market's revenue to increase. Additionally, the Food and Drug Administration (FDA) and the Food Safety and Inspection Service (FSIS), which are key players in the market's revenue growth, stipulate DNA isolation procedures for each category of food products as part of their oversight of processed food products in the U.S.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Qiagen (Netherlands)
• Thermo Fisher Scientific (U.S.)
• Merck KGaA (Germany)
• Roche (Switzerland)
• Danaher (U.S.)
• PerkinElmer (U.S.)
• Agilent (U.S.)
• Promega (U.S.)           
• Bio-Rad (U.S.) 
• Takara Bio (Japan)
• Kurabo Biomedical (Japan)
• LGC Biosearch (U.K.)  
• Abcam (U.K.)
• Bioneer (Korea)
• Meridian Bioscience (U.S.)
• CW Bio (China)
• Nanjing Vazyme Biotech (China)
• YanengBIO (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.