Nucleic Acid Isolation and Purification Market Size and Advancements 2024 – 2034
The global nucleic acid isolation and purification market was valued at approximately USD 6.1 billion in 2023 and is expected to reach USD 16.65 billion by 2034, reflecting a compound annual growth rate (CAGR) of 9.56% from 2024 to 2034. The increasing adoption of DNA sequencing in clinical diagnostics is a key factor propelling market growth.
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Major Key Insights of the Nucleic Acid Isolation and Purification Market
- By region, North America dominated the market by 39.70% share in 2023.
- By region, Asia Pacific is expected to grow at the fastest rate during the forecast period.
- By region, Europe to hold the second largest revenue of USD 1.86 billion in 2023.
- By product, the kits & reagents segment held the largest market share in 2023.
- By type, the DNA isolation and purification segment dominated the market in 2023.
- By application, the diagnostic segment held the largest nucleic acid isolation and purification market share in 2023.
- By method, the magnetic beads segment dominated the market in 2023.
- By end-use, the hospitals & diagnostics centers held the dominant share of the market in 2023.
- By end-use, the pharmaceutical & biotechnology companies segment is expected to grow at the fastest rate during the forecast period.
Top Companies in the Nucleic Acid Isolation and Purification Market
- QIAGEN
- New England Biolabs (NEB)
- LGC Biosearch Technologies
- Promega Corporation
- Alpha Laboratories
- Takara Bio Inc.
- Agilent Technologies
- F. Hoffmann-La Roche Ltd
- Thermo Fisher Scientific, Inc.
- Illumina, Inc.
- Merck KGaA
- Danaher
- Bio-Rad Laboratories, Inc.
Innovations in the Nucleic Acid Isolation and Purification Market
New England Biolabs (NEB)
- Headquarters: Massachusetts, U.S., North America
- Recent Development: In April 2024, NEB announced the launch of the Monarch Mag Viral DNA/RNA Extraction Kit. This kit enhances the recovery of small quantities of viral nucleic acids, allowing for extremely sensitive detection. Utilizing a magnetic bead-based method, it effectively extracts viral RNA and DNA, supporting high-throughput automation. The kit is designed for popular sample types, including saliva, respiratory swabs, and wastewater, following an enrichment step.
Alpha Laboratories
- Headquarters: Eastleigh, United Kingdom, Europe
- Recent Development: In January 2024, Alpha Laboratories introduced SmartLid™, an innovative magnetic key and lid system developed in collaboration with ProtonDx. This system simplifies the nucleic acid extraction process and offers a more intelligent approach to handling nucleic acids in molecular biology applications. SmartLid enables quick and efficient viral DNA/RNA extraction by streamlining the critical phases of sample extraction—lysis, wash, and elution. This advancement provides researchers with a practical and environmentally friendly solution for nucleic acid extraction.
Next-Generation Sequencing (NGS) Impact on the Market
Recent advancements in next-generation sequencing (NGS) technology have transformed the nucleic acid isolation and purification market. NGS allows for rapid sequencing of genomes or portions of genomes within days or hours at a lower cost and with high depth. The sequence variants and mutations identified through NGS are increasingly used for prognosis, treatment selection, and patient follow-up, in addition to disease diagnosis. Its massively parallel sequencing capabilities are paving the way for advancements in personalized precision medicine.
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