The latest market report published by Credence Research, Inc. “Global RNA/DNA Extraction Kit Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global RNA/DNA extraction kit market has witnessed rapid growth in recent years and is estimated to grow at a CAGR of 7.9% between 2023 and 2030. The market was valued at USD 1.5 billion in 2022 and is expected to reach USD 2.55 billion in 2030.
Cell-free DNA extraction kits hold the largest market share, followed by sequence-specific RNA kits. These products are extensively used in molecular diagnostics, genetic testing, and research studies. Hospitals and diagnostic centers are the primary end-users of RNA/DNA extraction kits, accounting for a significant portion of the market share.
Despite the challenges of high costs and the need for efficient extraction methods, opportunities for growth abound. Innovative extraction technologies, increasing demand for genetic testing, and investments in genomics research and next-generation sequencing technologies drive this growth.
Geographically, North America leads the global market, followed closely by Europe. However, the Asia-Pacific region, especially China and India, is projected to experience substantial growth due to increased healthcare infrastructure and a focus on precision medicine.
Key players in the global RNA/DNA extraction kit market include Qiagen, ThermoFisher Scientific Inc, Roche Holding AG, Agilent Technologies, Bio-Rad Laboratories Inc, Promega Corporation, Danaher Corporation, Merck & Co. Inc, PerkinElmer Inc, and bioMérieux S.A. These companies compete based on product quality, reliability, innovation, pricing, and customer support, and also engage in strategic collaborations, partnerships, mergers, and acquisitions to expand their market presence.
North America RNA/DNA Extraction Kit Market Top Report Findings reveal crucial insights into the current state and future prospects of this rapidly growing market. This comprehensive report delves deep into the various factors driving the demand for RNA/DNA extraction kits in North America. It highlights that technological advancements, coupled with increasing research activities in genomics and proteomics, are fueling market growth. Moreover, the study underscores how the rising prevalence of chronic diseases has amplified the need for efficient diagnostic tools based on nucleic acid extraction techniques. The report also emphasizes that stringent regulations and quality standards imposed by regulatory bodies have significantly contributed to shaping product development strategies among key players operating in this industry.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global RNA/DNA Extraction Kit Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global RNA/DNA Extraction Kit Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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