by The DNA extraction kits market is estimated to be valued at US$ 1604.41 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: –
DNA extraction kits are used to isolate intact DNA from different biological samples including tissues, cells, blood, saliva and others. These kits contain ready-to-use reagents to efficiently extract DNA and are used in various applications such as clinical diagnostics, life science research, and forensic investigations. DNA extraction is the first step in various downstream applications involving DNA analysis. Some key areas where DNA extraction kits are used include molecular diagnostics, next generation sequencing, polymerase chain reaction and forensics.
Market Dynamics: –
The DNA extraction kits market is primarily driven by increasing demand from clinical diagnostics and forensics applications. Growing prevalence of infectious diseases and cancer is driving molecular testing which involves the use of DNA extraction kits to isolate DNA prior to analysis. According to World Health Organization, infectious diseases accounted for approximately 26% of global deaths in 2019. Furthermore, increasing investments by pharmaceutical and biotechnology companies in R&D is positively impacting the market growth. However, high cost of automated nucleic acid extraction systems is a major factor hindering the market growth.
SWOT Analysis: –
- Strength: – DNA extraction kits provide an easy and reliable method for extracting high quality DNA from tissue and biological samples. Their ease of use allows for quick DNA isolation in just a few hours without extensive training. These kits use optimized chemicals and reagents for DNA purification from a wide range of sample types.
- Weakness: – DNA extraction kits require substantial upfront costs for equipment, reagents, and consumables which may not be feasible for small scale research projects and labs. The extracted DNA needs to be stored properly at low temperatures to prevent degradation over time.
- Opportunity: – Growing investments and funding for genomics research from government bodies and private sectors is fueling the demand for DNA extraction kits. Rising prevalence of chronic and infectious diseases is also driving the need for large-scale genomic analysis requiring high-quality purified DNA.
- Threats: – Alternate low-cost methods for manual DNA isolation without kits may limit their adoption in cost-sensitive regions. Stringent regulations pertaining to the transport and use of human samples pose challenges for international trade of DNA extraction products.
Key Takeaways: –
The Global DNA Extraction Kits Market Size is expected to witness high growth, exhibiting CAGR of 7.7% over the forecast period, due to increasing demand for purified DNA samples across research applications including genomics, epigenomics, and molecular diagnostics. North America currently dominates the market owing to widespread adoption of genomic technology and presence of leading market players.
Regional analysis: – Asia Pacific is poised to be the fastest growing regional market for DNA extraction kits driven by increasing government investments to establish biotech corridors and genomic R&D hubs in countries such as China, India, and South Korea. Expanding healthcare infrastructure and rapid economic growth in emerging nations are also fueling the uptake of genomic testing and analysis requiring high-quality isolation of DNA.
Key players: – Key players operating in the DNA extraction kits market include Thermo Fisher Scientific, QIAGEN, PROMEGA, F. Hoffmann-La Roche, Bio-Rad Laboratories, and Agilent Technologies among others. These companies offer a broad portfolio of manual and automated kits and systems for DNA extraction from diverse sample types including tissues, blood, and cells. They are also engaged in new product launches and strategic collaborations to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
