Advancements in the technologies and research in the scientific fields have crate scope of development for various methods. The nucleic acid isolation and purification systems are one of such methods to have growth with the rising demand from around the world. Nucleic acid consists of DNA and RNA and is also found essential for all the known forms of life. Various methods and technologies are used for the detailed study of the structure and components of nucleic acid. The global nucleic acid isolation and purification market is driven by the changing pattern of global demand and increasing government support for these methods. As a result, the industry is set to witness steady rise in terms of revenue channels, global expansions and R&D activities.
Segments in Nucleic Acid Isolation & Purification Industry
Analysis of the growth trends, challenges and drivers for the industry helps the experts to assess the revenue and future prospects for the industry. This gets easier with help of segmentation of the industry on the basis of its significant components. Experts categorize the global nucleic acid isolation and purification market into various sub-segments on the basis of the types of technologies, products, applications, end-user segments and geographic regions based on the demand trends. The technologies are segmented into magnetic-based, column-based, anion exchange, glass fiber and reagent-based technologies.
Sub-segments of the application segment include isolation and purification of genomic DNA, blood DNA, mRNA, RNA, plasmid DNA, total RNA and PCR cleanup. The products segment of the nucleic acid isolation and purification market includes study of reagents and consumables. End-users in the industry include diagnostic centers and hospitals, academic research, biotechnology and pharmaceutical companies, food testing and forensic laboratories and contract research organizations. Basic geographic regions include Asia, Europe, North America and RoW (Rest of the World).
Future Prospects of Nucleic Acid Isolation & Purification Market
With help of the major drivers like innovations in automation and technology and growing promotion of the use of isolation and purification methods for nucleic acid, the industry is set to witness healthy growth during the next few years to come. Increasing government funding for the life science research projects and growth in the applications of these methods are some of the crucial drivers helping the market witness steady rise. On the other hand, the key players in the nucleic acid isolation and purification market may also have to deal with the restraints like entry barriers due to the rise in market consolidation and low penetration across the emerging economies.
According to the analysis of all the segments, trends, drivers and restraints, researchers expect the industry to grow at a steady rate. From 2013 to 2018, the nucleic acid isolation and purification market is expected to maintain a healthy CAGR of over 8%, which is estimated to help the market reach $3,106.28 million by the end of the year 2018. During the forecasting period, column-based DNA isolation and purification segment is expected to dominate the applications segment. In terms of geographic regions, North America is anticipated to continue its dominance. In 2013, academic research dominated the global industry, which is expected to be taken over by hospitals and diagnostic centers.