Exhibiting a Y-o-Y growth of 8.1%, the global nucleic acid extraction kit market size is projected to reach USD 2,134.40 million in 2024. It will likely register rapid growth, with global nucleic acid extraction kit demand rising at a CAGR of 7.4%. By 2034, the global market valuation is set to total USD 4,285.08 million.
DNA extraction kits remain highly sought-after products because of their rising usage in applications like genetic testing and disease diagnostics. As per the latest analysis, the target segment is estimated to account for a value share of 49.1% in 2024.
The adoption of nucleic acid kits is revolutionizing disease diagnosis globally. This is due to their ability to detect pathogens and genetic abnormalities rapidly and specifically. As a result, the target market is set to expand 2.0X through 2034.
Nucleic Acid Extraction Kit Market Insights:
Attributes | Key Insights |
---|---|
Base Market Value (2023) | USD 1,974.90 million |
Estimated Nucleic Acid Extraction Kit Market Value (2024) | USD 2,134.40 million |
Projected Nucleic Acid Extraction Kit Market Revenue (2034) | USD 4,285.08 million |
Value CAGR (2024 to 2034) | 7.4% |
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Global sales of nucleic acid extraction kits recorded a CAGR of 6.1% from 2019 to 2023. The nucleic acid extraction kit market accounted for around 16.3% of the global molecular diagnostics kit market, valued at USD 11,134.3 million.
Over the forecast period, the global nucleic acid extraction kit industry is set to expand at 7.1% CAGR. It will likely total a valuation of USD 4,285.08 million by 2034, driven by factors like rising prevalence of chronic disease and growing demand for molecular diagnostics.
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In the past few years, government agencies in the Asia-Pacific and Middle East regions have effectively motivated manufacturers to contribute to the expansion of the healthcare and biopharmacy sectors. Major companies have the opportunity to capitalize on this encouragement to enhance their standing in the market.
Countries in the Asia-Pacific region, particularly developing ones like India, have removed export restrictions on diagnostic kits and reagents. This includes equipment like nucleic acid extraction kits and systems used for detecting coronavirus infections.
The below table shows the estimated growth rates of the top countries. China, India, and the United Kingdom are set to record higher CAGRs of 13.0%, 8.5%, and 8.6% respectively, through 2034.
Market Growth Outlook by Key Countries
Countries | Projected Nucleic Acid Extraction Kit Market CAGR |
---|---|
United States | 4.1% |
Germany | 6.0% |
United Kingdom | 8.6% |
Japan | 7.9% |
China | 13.0% |
India | 8.5% |
The United States nucleic acid extraction kit market is estimated to be valued at USD 634.06 million in 2024. It will likely exhibit steady growth, with overall demand for nucleic acid extraction kits rising at 4.1% CAGR through 2034. This can be attributed to factors like:
The United States is a frontrunner in the nucleic acid extraction kit market due to several factors. Firstly, the nation boasts a robust research infrastructure with well-established laboratories and academic institutions that conduct extensive genomic research.
Institutions such as the National Institutes of Health (NIH) and leading universities contribute significantly to the demand for nucleic acid extraction kits. Similarly, rising trend of personalized medicine will likely propel nucleic acid extraction kits demand in the nation.
The United States has a well-established healthcare system that emphasizes precision medicine and personalized treatments. This will continue to create a steady demand for nucleic acid extraction kits in clinical diagnostics and research.
China is anticipated to emerge as the hotbed for nucleic acid extraction kit manufacturers during the forecast period. The latest report predicts China nucleic acid extraction kit market to thrive at 13.0% CAGR during the forecast period. Some of the key drivers/trends include:
China's expansion in the nucleic acid extraction kit market is notable, driven by advancements in biotechnology and molecular diagnostics. The country's robust investment in research and development, coupled with a burgeoning healthcare sector, is propelling demand for nucleic acid extraction kits.
Growing awareness and adoption of molecular testing techniques in various applications, including academic research and clinical diagnostics, contribute to rapid market growth. Subsequently, development of innovative nucleic acid kits is set to support market expansion.
Sales of nucleic acid extraction kits in India are poised to grow at a CAGR of 8.5% throughout the forecast period. Accordingly, the nucleic acid extraction kit market in India is estimated to be valued at USD 102.05 million, driven by factors like:
India is making significant strides in the nucleic acid extraction kit market, showcasing positive growth trends. The nation's advancements in biotechnology and molecular research are contributing to a notable improvement in this sector.
Increasing investment in research and development, coupled with a growing emphasis on healthcare infrastructure, are set to boost market growth in India. The nation is poised to make valuable contributions to the field, reflecting its commitment to advancing biotechnological capabilities and fostering innovation in nucleic acid extraction technologies.
The table section offers detailed insights into top segments in the nucleic acid extraction kit industry. This information will likely allow players to frame their strategies accordingly to boost revenue and stay ahead of the competition.
Market Growth Outlook by Key Products
Products | Value CAGR |
---|---|
DNA Extraction Kits | 6.2% |
Radial Closure Devices | 8.0% |
Total Nucleic Acid (RNA + DNA) | 9.6% |
As per the latest analysis, the DNA extraction kits segment is expected to dominate the global market, holding a revenue share of 49.1% in 2024. Over the forecast period, demand for DNA extraction kits is set to increase at 6.2% CAGR.
Market Growth Outlook by Key Samples
Sample Type | Value CAGR |
---|---|
Biological Samples | 5.4% |
Environmental Samples | 7.0% |
Insect | 9.8% |
Plant | 7.1% |
Gel (e.g. agarose) | 8.5% |
PCR Clean-up (post-PCR amplification product extraction) | 12.1% |
Based on sample type, the biological samples segment is poised to grow at 5.4% CAGR during the assessment period. It will likely hold a market share of 45.2% in 2024.
Market Growth Outlook by Key Target Type
Target Type | Value CAGR |
---|---|
Bacterial | 5.6% |
Viral | 7.0% |
Bacterial & Viral | 7.9% |
Fungi | 8.6% |
Spores | 9.8% |
Other Target types | 10.7% |
The bacterial segment is expected to retain its market dominance, holding a market share of 31.5% in 2024. Further, it will likely record a CAGR of 5.6% throughout the assessment period.
Market Growth Outlook by Key Format
Format | Value CAGR |
---|---|
Columns | 9.5% |
96-Well Plate | 5.4% |
Magnetic Beads (Automatable) | 7.1% |
Other Format | 10.0% |
Based on format, the 96-well plate segment is set to lead the global market, with a share of 37.9% in 2024. It will also exhibit a CAGR of 5.4% between 2024 and 2034.
Market Growth Outlook by Key Purpose
Purpose | Value CAGR |
---|---|
Research Use Only (RUO) | 6.4% |
Clinical Use | 9.2% |
As per the latest report, nucleic acid extraction kit consumption remains high in research projects. The target segment will likely grow at 6.4% CAGR during the forecast period, holding a value share of 65.3% in 2024.
Market Growth Outlook by Key Application
Application | Value CAGR |
---|---|
Disease Diagnosis | 4.6% |
Drug Diagnosis | 6.4% |
Cancer Research | 7.1% |
cDNA library | 7.8% |
Environmental DNA (eDNA) Studies | 8.7% |
Food Safety Testing | 9.7% |
GMO Detection | 10.0% |
Other Applications | 11.0% |
Disease Diagnosis | 4.6% |
Based on application, the disease diagnosis segment is projected to generate significant revenue for the market. As per the latest analysis, the target segment will likely progress at 4.6% CAGR during the forecast period, totaling revenue worth USD 482.28 million in 2024.
Market Growth Outlook by Key End User
End User | Value CAGR |
---|---|
Hospitals | 5.4% |
Academic & Research Institutes | 9.4% |
Pharmaceutical & Biotechnology Companies | 8.4% |
Clinical Research Organizations | 6.4% |
Diagnostic Laboratories | 4.6% |
Forensic Labs | 10.5% |
Food Testing Laboratories | 10.1% |
Agricultural and Environmental Research Institutes | 12.3% |
Diagnostic laboratories are expected to remain leading end users of nucleic acid extraction kits during the forecast period. The target segment will likely exhibit a 4.6% CAGR, holding a market share of 24.4% in 2024.
Key manufacturers of nucleic acid extraction kits are increasingly investing in research and development to advance in nucleic acid extraction technology. They are continuously introducing new kits and other solutions, as well as implementing strategies acquisitions, mergers, and partnerships to stay ahead of the competition.
Recent Developments in the Nucleic Acid Extraction Kit Market
Attribute | Details |
---|---|
Estimated Market Value (2024) | USD 2,134.40 million |
Projected Market Size (2034) | USD 4,285.08 million |
Expected Growth Rate (2024 to 2034) | 7.4% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; and Middle East & Africa |
Key Countries Covered | United States, Canada, Mexico, Brazil, Chile, China, Japan, South Korea, India, ASEAN Countries, Australia & New Zealand, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordic Countries, Russia, Hungary, Poland, Saudi Arabia, Türkiye, South Africa, Other African Union. |
Key Market Segments Covered | Product Type, Sample Type, Target Type, Format, Purpose, Application, End User, and Region |
Key Companies Profiled | Bio-Rad Laboratories, Inc.; Thermo Fisher Scientific Inc.; Promega Corporation; Agilent Technologies, Inc.; Merck KGaA; Bioneer Corporation; PerkinElmer Inc.; LGC Biosearch Technologies; QIAGEN; GeneBio Systems, Inc.; Takara Bio Inc.; F. Hoffmann-La Roche Ltd; GeneReach Biotechnology Corp.; Akonni Biosystems, Inc.; Primerdesign Ltd; ProtonDx; GVS S.p.A.; TRIVITRON HEALTHCARE PVT. LTD.; Almanac Life Science India; New England Biolabs.; RBC Bioscience Corp.; Zymo Research Corporation.; Omega Bio-tek, Inc.; Molzym GmbH & Co. KG |
Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
The global market value is estimated to total USD 2,134.40 million in 2024.
The nucleic acid extraction market size is set to reach USD 4,285.08 million by 2034.
Global demand is projected to increase at 7.4% CAGR through 2034.
The DNA extraction kits segment dominates the global market.
The global market expanded at a 6.1% CAGR from 2019 to 2023.
The United States nucleic acid extraction kit industry is set to record a CAGR of 4.1%.
As per the FMI, the global extraction kit was valued at around USD 1,293.4 million in 2023.
Automated DNA extractor costs over 100000 in India.
Plasmid DNA isolation kit price in India ranges from 2700 to 3500.
Estimated Size, 2024 | USD 4,643.3 million |
---|---|
Projected Size, 2034 | USD 10,117.7 million |
Value-based CAGR (2024 to 2034) | 8.1% |
Market Value for 2024 | USD 39,611.00 million |
---|---|
Forecast Market Value for 2034 | USD 60,347.40 million |
CAGR from 2024 to 2034 | 4.30% |
Market Estimated Size in 2022 | USD 994.8 Million |
---|---|
Market Projected Size in 2029 | USD 1,452.9 Million |
Market Value-based CAGR (2022 to 2029) | 5.6% |
Market Size (2032) | USD 126.6 Billion |
---|---|
Market Revenue Forecast (2022) | USD 74 Billion |
Market Growth Rate (2022 to 2032) | 5.5% CAGR |
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