The DNA RNA Sample Preparation Market is slated to witness exponentiation going forward. The IoMT (Internet-of-Medical-Things) is already transforming every walk of life, including healthcare. Healthcare IT has let both – patients and doctors carry/download information about each other anywhere and anytime through their smartphones/tabs. In other words, more connectivity translates to better access to data, thereby rendering better healthcare for patients. This would be the future of the healthcare vertical in the upcoming period.
The DNA RNA Sample Preparation Market will witness a CAGR of 5.8% by reaching US$ 440 Million from 2025. The new-fangled healthcare electronic technologies like 3D printing, GPS tracking, and wearable biometric devices are being tested concerning clinical use. Cutting-edge technology is expected to be one of the driving forces in the healthcare industry in the subsequent decade.
DNA and RNA sample preparation provides accessibility to nucleic acids in natural form, removing unwanted contaminants. The process of DNA and RNA sample preparation has become highly refined. Multi-national companies are actively focusing on the development of faster and accurate products, which include workstations, kits, and reagents & consumables.
Persistence Market Research (PMR), in its report titled, “DNA and RNA Sample Preparation Market: Global Industry Analysis and Forecast, 2017-2025” has provided a detailed analysis on the global DNA and RNA sample preparation market.
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Company Profiles
- Agilent Technologies, Inc.
- Becton, Dickinson and Company
- Bio-Rad Laboratories Inc.
- DiaSorin S.p.A.
- F. Hoffmann-La Roche
- Illumina, Inc.
- PerkinElmer, Inc.
- QIAGEN
- Sigma Aldrich Corp.
- Tecan Group AG .
- Thermo Fisher Scientific, Inc.
- Others.
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Kits Product-type Segment Expected to Hold Largest Market Share
PMR estimates that kits for DNA and RNA sample preparation would account for around 60% market share in 2017. However, this product type segment is expected to witness a slight decline in its market share by 2025-end.
Although kits will experience a decline in their market share, they are estimated to hold the largest market share in the global DNA and RNA sample preparation market during the forecast period. Workstations are expected to exhibit the fastest growth at 5.8% CAGR through 2025.
Soaring Demand for Modern Extraction Techniques Estimated to Drive Market Growth
The global DNA and RNA sample preparation market is projected to register a steady growth at 5.5% CAGR during the forecast period.
The US$ 1,293.6 Mn market is estimated to reach US$ 2,090.2 Mn through 2025. Investment in basic research, particularly by academic & research institutes, since past several years have led to solid understanding of fundamental pathways.
Through this, various proteins implicated in disease development are either up-regulated or down-regulated. In addition, growing requests by researchers for complex products is an evidence of improvement in understanding basic pathways and discovering new pathways.
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These factors lead to greater knowledge of cellular pathways, which in turn are estimated to fuel the demand for DNA and RNA sample preparation in the near future.
Technological advancements in nucleic acid preparation processes have driven a greater demand for high quality kits, reagents, and associated products.
Technological advancements in the methods of DNA and RNA sample preparation, global agreement between leading research institutes for boosting research activities in molecular biology field, soaring demand for modern extraction techniques, and technological advancements in analytical instruments are some major factors driving the market growth.
However, increasing inclination of preferences for premium products, owing to their higher quality as compared to standard reagents and products, is expected to restrain the growth of the global DNA and RNA sample preparation market.
Hospitals to be Second-most Lucrative End User by 2025-End
Academic and research institutes are expected to be the most lucrative end user in the global DNA and RNA sample preparation market through 2025. This segment is expected to exhibit 5.9% CAGR during the forecast period. Hospitals are expected to be the second most lucrative end user segment in the overall market.
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Based on applications, research applications are expected to remain dominant in the global DNA and RNA sample preparation market during the forecast period. Clinical testing, following research applications, are expected to exhibit 5.4% CAGR through 2025.
Asia Pacific to Register a CAGR similar to North America
North America is estimated to be the largest region for DNA and RNA sample preparation market, and is expected to account for more than 40% market share by 2025 end. Although Europe is expected to be the second-most lucrative region for the market, Asia Pacific is estimated to exhibit a comparatively faster growth during the forecast period.
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