New York, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Market Overview The Global DNA and RNA Extraction Market is projected to reach USD 7.9 billion in 2024 and is expected to grow to USD 16.
4 billion by 2033, with a CAGR of 8.4% . The global DNA & RNA extraction market is also growing at a fast pace in the global level because of development in molecular diagnostics and its growing application in research and clinics.
Catalysed by growing incidence of genetic disorders, increased need for personalised medicines and advancing technologies, the market enjoys the advantages that stem from the existence of automated systems and advances in the biopharmaceutical industry. Click to Request Sample Report and Drive Impactful Decisions: https://dimensionmarketresearch.com/report/dna-and-rna-extraction-market/request-sample/ Players are Thermo Fisher Scientific, Qiagen, and Merck KGaA; strategies covered are innovation, collaboration, and acquisition.
The highest growth is anticipated to be seen in the Asia Pacific area due to added research, government funding, and a developing biotechnology sector. The US DNA & RNA Extraction Market The US DNA & RNA extraction market, valued at USD 2.5 billion in 2024, is projected to reach USD 5.
0 billion by 2033, growing at a 7.9% CAGR. It is thus facilitated by growing NGS and PCR utilization, government support for genomic study, and rising biopharmaceutical corporations.
Some of the developments include automation as well as the improvement of throughput hence improving the extraction rate . Businesses are investing in products used in cancer research, detecting infectious diseases, forensic investigations, and many others are backed up by strong research systems for biotechnological innovations. Important Insights Market Value: The global DNA & RNA extraction market is estimated to be worth USD 7.
9 billion in 2024, projected to reach USD 16.4 billion by 2033. US Market Value: The US DNA & RNA extraction market is valued at USD 2.
5 billion in 2024, anticipated to grow to USD 5.0 billion by 2033 at a CAGR of 7.9% .
Regional Insights: North America is expected to dominate the global DNA & RNA extraction market with a 38.1% share in 2024. By Type Segment: DNA extraction is projected to lead the market, holding the highest share based on type in 2024.
By Product Type Segment: Kits and reagents are expected to dominate the product type segment, accounting for 73.1% of the market share in 2024. By Extraction Method Segment : Magnetic bead-based DNA & RNA extraction is forecasted to lead this segment with a 31.
5% market share in 2024. By Application Segment: Diagnostics is anticipated to hold the highest market share in the application segment in 2024. Global Growth Rate: The market is growing at a CAGR of 8.
4% over the forecast period. Latest Trends Automation and High-throughput Systems: The extraction market is slowly moving into the automation solutions where the extraction procedures are optimized, and the work of the staff is minimized and much more accurate. Such systems are most effective in the large-scale genomic research and in the clinical diagnostics acting as the driving force for the market.
Integration of AI and Machine Learning: Currently, features such as AI & Machine learning are also being integrated into the extraction process. They make the data analysis more effective and efficient, improve the genetic data extraction and the usage of genetic data for better diagnostics and for the targeted treatment. DNA and RNA Extraction Market: Competitive Landscape The DNA and RNA extraction market comprises of the prominent players like Thermo Fisher Scientific, Qiagen, and Promega Corporation.
These companies are instrumental in driving the market through innovations, numerous products and partnerships. The thermo fisher scientific has varied extraction kit and automation systems, Qiagen is well-known in offering total nucleic acid solutions and Promega offers good quality reagents. Many products are launched in the market along with acquisitions and continued R&D investments moderate the competitive structure due to emerging needs, regulations, and technology to fuel market growth.
Some of the prominent market players: Qiagen ThermoFisher Scientific Inc. F Hoffmann-La Roche AG Agilent Technologies Bio-Rad Laboratories Inc. Promega Corporation Danaher Corporation (Beckman Coulter Inc.
) Merck & Co. Inc. PerkinElmer Inc.
bioMérieux SA Other Key Players Transform your business approach with strategic insights from our report. Get in touch to request our brochure today! : https://dimensionmarketresearch.com/report/dna-and-rna-extraction-market/download-reports-excerpt/ DNA and RNA Extraction Market Scope Market Analysis Kits and reagents is anticipated to dominate the DNA & RNA extraction market, holding 73.
1% of the share in 2024 due to their streamlined and reproducible results. These solutions eliminate many parameters as well as provide high reproducibility, which is highly desirable in high-throughput environments. Therefore, reagents allow flexibility and possibility of customization according to the types of samples and required tests.
Advances in reagent chemistry are characterized by increased yield, purity and cycle time further putting them in a vantage position. D ue to the simplicity of operation and universality, they have become mandatory for use in clinical diagnostics and biochemical research. DNA and RNA Extraction Market Segmentation By Type DNA Extraction Genomic DNA Extraction Plasmid DNA Extraction Viral DNA Extraction Total DNA Extraction RNA Extraction miRNA Extraction mRNA Extraction Total RNA Extraction Sequence-specific RNA Extraction By Product Type Kits & Reagents Instruments Automated Systems Manual Systems Centrifuges Pipettes Magnetic Separators By Extraction Method Magnetic Bead-based Extraction Reagent-based Extraction Column-based Extraction Filtration-based Extraction Other Extraction Method By Application Diagnostics Precision Medicine Drug Discovery & Development Agriculture and Animal Research Environmental Testing Forensic Science Other Applications By End User Hospital Laboratories Academic & Research Laboratories Diagnostic Laboratories Biopharmaceutical Companies Forensic Laboratories Contract Research Organizations (CROs) Government Research Institutes Purchase the Competition Analysis Dashboard Today: https://dimensionmarketresearch.
com/checkout/dna-and-rna-extraction-market/ Growth Drivers Increasing Prevalence of Genetic Disorders: The increasing frequency of genetic diseases is put into perspective as the driving factor behind the requirement for DNA and RNA extraction. The discovery of the root cause of a specific disease as well as formulating treatment for the genetic diseases drives the market as well as accurate extraction. Expanding Applications in Precision Medicine: Modern precision medicine is primarily based on the individual’s genetic data.
The relevance and accuracy of DNA and RNA extraction and analysis are invaluable for creating individual treatment programs; thus, extraction technologies are becoming more in demand, which stimulates market growth. Restraints High Costs of Advanced Extraction Systems: The cost of such systems, especially the fully automated and high throughput extraction systems, are often beyond the means of small laboratories and even many research institutions. This could reduce the ability to adopt sophisticated extraction techniques, thus reducing market expansion.
Technical Challenges in Extraction Processes: Methods for the extraction of High Pure Nucleic Acids can sometimes be time-consuming and labor-intensive especially when working with large volumes of samples. These factors include variability in sample quality and the existence of inhibitors for extraction, which have their impacts on efficiency and extraction and therefore pose threats to the markets. Growth Opportunities Emerging Markets in Asia-Pacific: The Asia-Pacific region could be considered highly promising owing to the growing healthcare expenditures and a rising understanding of the Mendelian syndromes as well as leveraging research facilities.
Thus, market players can benefit from these opportunities occupying new capacities and providing cheap extraction services. Advancements in Synthetic Biology: This is especially the case in the current fast-developing field of synthetic biology where cells contain genetic materials that have to be extracted and modified effectively. Improved technologies in extraction can meet the needs of this dynamic industry to deliver good returns on investment to market participants.
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8 million by 2033 at a CAGR of 9.9%. Regional Analysis North America is projected to dominate the DNA and RNA extraction market, holding 38.
1% share in 2024, due to its robust healthcare infrastructure, significant R&D investments, and leading market players like Thermo Fisher Scientific and Qiagen. The regulatory support from bodies such as the FDA helps in aspects of safety as well as speedy assimilation of new products. High incidence of genetic and infectious diseases increases demand, while the government’s support for genomic research and personalized medicine contributes to it.
The innovation and precision medicine trends contribute more to market growth and guarantee North America’s market leadership. By Region North America The U.S.
Canada Europe Germany The U.K. France Italy Russia Spain Benelux Nordic Rest of Europe Asia-Pacific China Japan South Korea India ANZ ASEAN Rest of Asia-Pacific Latin America Brazil Mexico Argentina Colombia Rest of Latin America Middle East & Africa Saudi Arabia UAE South Africa Israel Egypt Rest of MEA Experience Growth: Request Your Sample Copy of the Report Now! https://dimensionmarketresearch.
com/report/dna-and-rna-extraction-market/request-sample/ Recent Developments in the DNA and RNA Extraction Market July 2024: Bio-Rad Laboratories released DNA extraction kits for single-cell genomics, improving sensitivity and yield for personalized medicine and cancer research. June 2024: Thermo Fisher Scientific launched an upgraded automated RNA extraction system with advanced magnetic bead technology for better throughput and accuracy in clinical diagnostics. May 2024: Qiagen partnered with a leading genomics company to enhance nucleic acid extraction for precision medicine, integrating their technologies with cutting-edge sequencing platforms.
April 2024: Promega Corporation introduced a DNA extraction kit for challenging samples, addressing low nucleic acid content and inhibitors, suitable for forensic and environmental applications. March 2024: Roche Diagnostics received approval for a rapid viral RNA extraction kit, aiding swift pathogen detection for infectious disease diagnostics. January 2024: Illumina increased R&D investments in high-throughput and automated nucleic acid extraction technologies, aiming to improve scalability for research and clinical applications.
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