DNA Extraction Kits Market Primed to Witness High Growth Due to Rising Prevalence of Chronic and Infectious Diseases
DNA extraction kits are laboratory essential tools that are used to isolate DNA from biological samples such as blood, tissue, saliva, and various other specimen. DNA extraction kits offer efficient, easy-to-use, and affordable solutions for the isolation and purification of DNA from biological samples. These kits find wide usage in healthcare facilities, diagnostic laboratories, biotechnology and pharmaceutical companies, forensic sciences, and academic & research institutes for various purposes including molecular diagnostic testing, DNA sequencing, genotyping, gene expression analysis, and identification of genetic mutations linked to diseases.
The global DNA extraction kits market is estimated to be valued at US$ 1604.41 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising prevalence of chronic and infectious diseases globally has emerged as a key driver bolstering the demand for DNA extraction kits. According to estimates by the World Health Organization (WHO), chronic diseases accounted for over 70% of global deaths in 2020. Moreover, the outbreak of COVID-19 pandemic has further boosted the uptake of DNA extraction kits for SARS-CoV-2 detection through molecular diagnostic tests. The manufacturer focus on introducing new technologically advanced and cost-effective extraction kits is estimated to propel the global market growth over the forecast period. However, complex regulatory frameworks and need for highly skilled professionals for DNA extraction procedures may hamper market growth during the assessment period.
SWOT Analysis
Strength: DNA extraction kits provide a standardized, simple and rapid method for the isolation and purification of DNA from various biological samples. The kits are portable and require minimal training, allowing researchers to perform DNA extraction in any laboratory setting. DNA extraction kits also save time compared to manual methods of DNA isolation.
Weakness: DNA extraction kits require substantial upfront costs for lab equipment like centrifuges and vortex machines. Some complex sample types may still require optimization of DNA extraction parameters which could yield inconsistent results between runs.
Opportunity: Emerging technologies like non-invasive prenatal testing and liquid biopsies require efficient extraction of circulating cell-free DNA from blood or other biofluids. This expanding application area presents an opportunity for DNA extraction kit manufacturers to develop specialized kits optimized for such applications.
Threats: The COVID-19 pandemic disrupted global supply chains and demand for laboratory reagents increased manifold. This impacted the availability of DNA extraction kits and drove prices higher. Similar global emergencies in future could strain production capacities.
Key Takeaways
Global DNA Extraction Kits Market Size is expected to witness high growth over the forecast period of 2023 to 2030 driven by factors such as rising research activities in genomics and precision medicine. The market was valued at US$ 1604.41 Mn in 2024 and is projected to exhibit a CAGR of 5.9% during the forecast period.
Regional analysis: North America currently dominates the global market owing to extensive genomics research and availability of state-of-the-art genomic facilities in the region. However, Asia Pacific is poised to be the fastest growing market for DNA extraction kits due to increasing R&D investments by governments and biotech companies in countries like China and India.
Key players: Key players operating in the DNA extraction kits market include Sabra, Qiagen, Thermo Fisher Scientific, Ampliqon, Omega Bio-tek, Roche, among others. Sabra provides a wide range of manual and automated kits compatible with liquid handling workstations for isolating DNA in high-throughput laboratories.
Get More Insights On This Topic: https://www.newsanalyticspro.com/dna-extraction-kits-market-share/
English
Arabic
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian