DNA Extraction Kit Market Growth Strategy and Industry Development
In 2021, the global DNA extraction kit market revenue was $1,354.4 million, which is predicted to reach $2,818.2 million by 2030, advancing at an 8.5% CAGR. The market growth can be primarily attributed to the surging research activities, for technological developments in forensic sciences and healthcare services, as well as the growing investments in molecular diagnostics, for a range of chronic and infectious diseases.
The demand for user-friendly, accurate extraction kits as well as automated DNA extraction methods is rising. Additionally, it is expected that the applications of NGS and DNA in the profiling of viral infections would speed up the market growth in the years to come.
The biggest end users in the DNA extraction kit market are healthcare facilities. Due to the rising need for timely and precise illness diagnoses, the category held a revenue share of over 50% in 2021.
Even hereditary diseases, including Tay–Sachs disease, hemophilia A, and sickle cell disease, may be correctly identified by utilizing DNA extraction techniques. Thus, diagnostic centers and hospitals would embrace these technologies rapidly, in part, due to their affordability.
The North American DNA extraction kit market contributes the highest revenue among all regions, and it is predicted to continue displaying a similar pattern in the coming years. This was due to the rising count of R&D activities as well as the existence of significant industry players, who are continually upgrading their product offerings.
Browse Full Report DNA Extraction Kit Market Analysis, Segments, Top Key Players, Drivers, and Trends
This study covers
• Major
factors driving the market and their impact during the short, medium, and long
terms
• Market
restraints and their impact during the short, medium, and long terms
• Recent
trends and evolving opportunities for the market participants
• Historical
and the present size of the market segments and understand their comparative
future potential
• Potential
of on-demand logistics services, so the market players make informed decisions
on the sales of their offerings
• Competitive
scenario of various market segments across key countries in several regions for
uncovering market opportunities for the stakeholders
• Major
players operating in the market and their service offerings
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