According to TechSci Research report, “Nucleic Acid Sample Preparation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the Nucleic Acid Sample Preparation Market is anticipated to grow at a steady rate during the forecast period, 2024-2028. This can be ascribed to the growing demand of nucleic acid sample preparation in several genetic testing techniques alongwith the growing advancement in several nucleic acid extraction techniques.
The growing demand for research and developments in the disease diagnosis, precision medicine development, rising genetic testing and growing exposure for automated nucleic acid sample preparation are major factors influencing the increased demand for Global Nucleic Acid Sample Preparation Market across the world.
Meanwhile, other factors such as high cost of equipment and reagents and complexity of the techniques are attributing to restrain the growth of Global Nucleic Acid Sample Preparation Market .
Moreover, the major restraining factor hampering the growth of Nucleic Acid Sample Preparation market is the high cost of the technology and method involved in the nucleic acid sample preparation, alongwith the strict government rules & regulations for the applications including nucleic acid samples and thereby hampering the market growth.
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Based on application, the market is further segmented into genomics, proteomics and Others. The genomics segment dominated the market in 2022 and is expected to grow at the faster rate during the forecast period. This can be attributed to factors such as genomic analysis assisting the discovery of several new targets for drug discovery, developing new drug formulations with greater selectivity. Moreover, the global coronavirus outbreak has led the research committees to make serious efforts to introduce therapeutic strategies to fight the pandemic.
Based on therapeutic areas, the market is further divided into oncology, infectious disease, human genetics/population genetics and others. The oncology segment was dominated in 2022 and will continue to hold the highest share during the forecast period. This is attributed on account of increased prevalence of cancer across the world. Additionally, the growing research & development in cancer requires nucleic acid samples in various amount , also pre-diagnosis and treatment steps in cancer requires various steps of nucleic acid sample preparation and thus bolster the growth of the Nucleic Acid Sample Preparation market.
Moreover, the leading key players are creating more opportunities to propel the market demand for Nucleic Acid Sample Preparation Market. For instance, in June 2022, Bionano Genomic and Hamilton Company introduced a new-DNA Extraction automation product- Long String VANTAGE. This new instrument in the product portfolio is capable of extracting ultra-high molecular weight(UHMW) DNA and can be further used for optical genome mapping(OGM).
Major companies operating in the Nucleic Acid Sample Preparation Market are:
- BGI Group (MGI Tech Co. Ltd.
- Azenta US Inc. (GENEWIZ)
- Agilent Technologies, Inc.
- Daicel Corporation (Daicel Arbor Biosciences)
- Danaher. (Integrated DNA Technologies, Inc.)
- Illumina, Inc.
- LGC Limited (LGC Biosearch Technologies)
- PacBio
- CD Genomics
- F. Hoffmann-La Roche Ltd.
Companies operating in the market are following strategies such as continuously innovating tools to improve image quality and create specialized clinical tools to help the patients see more anatomical detail with greater certainty, enabling them to provide the best possible patient care, in order to stay competitive and have an edge over other players operating in the industry.
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“North America region is expected to dominate the nucleic acid sample preparation market attributed on account of its highest investment on research and development in the pharmaceutical industry Moreover, the well-established healthcare infrastructure and increased product launches by the key market players in the region are further expected to support the market growth in the region” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Nucleic Acid Sample Preparation Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028, Segmented By Product (Consumables, Systems and Accessories & Components), By Technology (Spin-Column Based Technology, Magnetic-Bead Based Technology and Others), By Therapeutic Area (Oncology, Infectious Disease, Human Genetics/Population Genetics, Others), By Application (Genomics, Proteomics and Others), By End Users(Academic and Research Institutions, Pharmaceutical and Biotechnology Companies, Clinical and Diagnostic Laboratories and Other) ,By Region and Competition.”, has evaluated the future growth potential of Nucleic Acid Sample Preparation Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Nucleic Acid Sample Preparation Market.
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