The global Deoxyribonucleic Acid (DNA) Purification Market is forecasted to reach USD 4.96 billion by 2026, according to a new report by Reports and Data.
There has been an increase in the laboratories in developing nations owing to the increase in investment in R&D by government and private sectors. Investment in research and awareness of the importance of diagnostics in healthcare is also driving the market. The DNA purification market is highly fragmented due to the presence of various international and regional vendors.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Market Dynamics:
The pharma and healthcare sector has significantly advanced in recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure, and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, the increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery, and growing investments by public and private sectors are expected to drive global market growth in the coming years.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Deoxyribonucleic Acid (DNA) Purification market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Key participants include QIAGEN, ThermoFisher Scientific, Inc., Illumina, Inc., Danaher, F. Hoffmann-La Roche Ltd., Merck KGaA, Agilent Technologies, Bio-Rad Laboratories, Inc., General Electric Company (GE Healthcare), and Promega Corporation among others.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Deoxyribonucleic Acid (DNA) Purification Market Segmentation:
Further key findings from the report suggest
- Advancement in technology is expected to drive the growth of the market. DNA purification needs advance automated tools. With a surge in automated technologies, the market for DNA purification is forecasted to witness a rise in demand.
- The rise in the application of genetics in different healthcare and sequencing is expected to benefit the market.
- Life Science Research Laboratories holds a market share of 27% in the year 2018 and is forecasted to hold a market share of 28% in the year 2026 with an annual growth rate of 8.4%.
- Clinical Testing Laboratories is forecasted to generate a revenue of USD 1.34 Billion in the year 2026 with the highest growth rate of 8.5%.
- Molecular Grade has a market share of 52% in the year 2018 and is forecasted to hold 54% in the year 2026 with an annual growth rate of 8.5%.
- Transfection Grade is forecasted to grow at an annual growth rate of 7.4% and is forecasted to generate a revenue of USD 2.28 Billion in 2026.
- Owing to the increase in investment in R&D, developing countries are witnessing a rise in the number of research laboratories.
- APAC has the largest market share of 25% in the year 2026 and is forecasted to reach 27% in the year 2026 with an annual growth rate of 9% in the forecast year.
- North America holds a market share of 24% in the year 2018 and is forecasted to generate a revenue of USD 1.24 Billion in the year 2026 with an annual growth rate of 8.5%.
For the purpose of this report, Reports and Data have segmented global Deoxyribonucleic (DNA) Acid purification market on the basis of type, purity process, application, and region:
Type Outlook (Revenue, USD Million; 2018-2026)
- Silica Membrane
- Anion Exchange Resin
- Switchable Surface Charge
- Biotechnology
Purity Process Outlook (Revenue, USD Million; 2018-2026)
- Molecular Grade
- Transfection Grade
Application Outlook (Revenue, USD Million; 2018-2026)
- Diagnostics
- Drug Discovery and Development
- Agriculture and Animal Research
- Precision Medicine
End-User Outlook (Revenue, USD Million; 2018-2026)
- Life science research laboratories
- Clinical testing laboratories
- Pharmaceuticals
- Academic or Research organization or institute
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Some essential purposes of the Deoxyribonucleic Acid (DNA) Purification market research report:
- Vital Developments: Custom investigation provides critical improvements to the Deoxyribonucleic Acid (DNA) Purification market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Deoxyribonucleic Acid (DNA) Purification market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Deoxyribonucleic Acid (DNA) Purification market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Deoxyribonucleic Acid (DNA) Purification market.
- Convincingly, the Deoxyribonucleic Acid (DNA) Purification report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Deoxyribonucleic Acid (DNA) Purification market.
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