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Global Increase in Molecular Diagnostics and Personalized Medicine Driving Nucleic Acid Isolation and Purification Market

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 and increasing automation. The emerging economies are expected to offer a wide range of growth opportunities for players in the market.

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The nucleic acid Isolation and purification market is segmented on the basis of product, method, type application, end user, and region. On the basis of product, the nucleic acid isolation and purification market is segmented into instruments, kits, and reagents. In 2018, the instruments segment is expected to grow at the highest CAGR during the forecast period. This high growth rate is attributed to the advantages of automated instruments to perform DNA extraction with a greater degree of accuracy and consistency than manual pipetting methods, resulting in more precise and reliable data.

By method, the market is segmented into column-based isolation and purification, reagent-based isolation and purification, magnetic bead-based isolation and purification, and other methods. In 2018, the magnetic bead-based isolation and purification segment is expected to grow at the highest CAGR during the forecast period. The method is widely adopted because it increases throughput, uses no hazardous chemicals, and can be automated if required.

On the basis of type, the market is segmented into plasmid DNA isolation and purification, total RNA isolation and purification, circulating nucleic acid isolation and purification, genomic DNA isolation and purification, messenger RNA isolation and purification, microRNA isolation and purification, PCR cleanup, and other types. In 2018, microRNA isolation and purification segment is expected to grow at the highest CAGR during the forecast period. This class of RNA regulates gene expression in a variety of ways, including translational repression, mRNA cleavage, and deadenylation.

On the basis of application, the nucleic acid isolation and purification market is segmented into diagnostics, drug discovery and development, personalized medicine, agriculture and animal research, and other applications (such as forensics and biofuel research). In 2018, the diagnostics segment is expected to account for the largest share of global nucleic acid isolation and purification market and it is also expected to register the highest CAGR during the forecast period. The large share of this application segment can be attributed to the increasing awareness of genomic diagnostics among the patient population and increasing efficiency of genomic sequencing in the diagnosis of diseases.

Among the four regional segments, Asia is expected to grow at the highest CAGR during the forecast period. Factors such as lower manufacturing costs, growing presence of market players in emerging economies, and favorable government investments in the life sciences sector are leading to the high growth of this market in Asia.



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Global Increase in Molecular Diagnostics and Personalized Medicine Driving Nucleic Acid Isolation and Purification Market

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