Growth in demand of pure nucleic acids in pharmaceutical and biotechnological industries driving growth

According to a research report published by Azoth Analytics in March 2021, The Global Nucleic Acid Isolation and Purification market was valued at USD 3359.84 million in the year 2020. The rising demand of pure nucleic acids in pharmaceutical and biotechnological industries, and growing use of nucleic acid-based tests in diagnosis have propelled the growth of nucleic acid isolation and purification market across the globe. Moreover, increasing application of these techniques in various fields such as genetic engineering, life science research, forensics and molecular diagnostics and government funding in R&Ds and the recent technological innovations are expected to fuel the growth of this market. 

Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players.  The market payers from nucleic acid isolation and purification market are anticipated to lucrative growth opportunities in the future with the rising demand for nucleic acid isolation and purification in the global market.

The market for nucleic acid isolation and purification is expected to grow significantly in the coming years, owing to the key factors such as growing advancements in clinical diagnostic techniques, increasing public-private funding for life science research and increasing automation across the globe. Moreover, increasing demand for pure form of nucleic acid for drug delivery is likely to add novel opportunities for the global nucleic acid isolation and purification market over the forecast period.  

Moreover, in 2021, the Application based isolation and purification segment accounted for the largest share of the global nucleic acid isolation and purification market. This is more cost-effective, simpler, and faster which will propel the nucleic acid isolation and purification market in coming years due to increasing cases of various type of cancer disease.

Furthermore, North America holds the leading position in the Nucleic Acid Isolation and Purification market followed by Europe. Asia Pacific is the most promising market for the growth of market due to the growth of emerging economies. With low penetration rates, the market is expected to hold major potential in the region, especially India and China, and hence the level of investments are huge in this region.  

The Azoth Analytics research report ‘Global Nucleic Acid Isolation and Purification Market (2021 Edition)’ has analysed and segmented the Global Nucleic Acid Isolation and Purification Market by Value (USD Million). The report analyses Nucleic Acid Isolation and Purification Market By Product (High Kits, Reagents and Instruments), By Application (Diagnostics, Drug Discovery & Development, Personalized Medicine, Agriculture & Animal Research and Others) and By End User (Hospitals &Diagnostic Centers, Academic & Research Institutes, Pharmaceuticals & Biotechnology Companies and Others). The Global Nucleic Acid Isolation and Purification Market has been analysed By Region (North America, Europe, Asia Pacific And ROW) and By Country (United States, Canada, Germany, France, U.K, Italy, China, Japan, India and South Korea) for the historical period of 2016-2020 and the forecast period of 2021-2026.