What is Global DNA & RNA Extraction Market?
The Global DNA & RNA Extraction Market is a rapidly expanding sector that focuses on the process of isolating and purifying DNA and RNA from various biological samples. This market encompasses a wide range of products and services that are used in numerous applications, from medical research to forensic science. The extraction of DNA and RNA is a crucial step in many laboratory procedures, enabling scientists to study these genetic materials in detail and use them in a variety of experiments. The market includes both the products used in the extraction process, such as reagents and kits, and the equipment necessary for the procedure. The growth of this market is driven by the increasing demand for personalized medicine, advancements in genetic engineering, and the rising prevalence of infectious diseases and genetic disorders.
DNA/RNA Extraction Equipment, DNA/RNA Extraction Reagents in the Global DNA & RNA Extraction Market:
The Global DNA & RNA Extraction Market is divided into two main segments: DNA/RNA Extraction Equipment and DNA/RNA Extraction Reagents. The equipment segment includes various devices used to isolate and purify DNA and RNA, such as centrifuges, thermal cyclers, and extraction systems. These devices are designed to efficiently and accurately extract DNA and RNA from biological samples, ensuring the integrity of these genetic materials for further analysis. On the other hand, the reagents segment includes various chemicals and solutions used in the extraction process. These reagents are crucial for breaking down cell walls, denaturing proteins, and precipitating DNA and RNA. The choice of reagents can significantly affect the quality and quantity of the extracted DNA and RNA, making this segment a vital part of the market.
Academic & Research Institutes, Pharmaceutical & Biotechnology Companies in the Global DNA & RNA Extraction Market:
The Global DNA & RNA Extraction Market finds its usage in various sectors, including Academic & Research Institutes and Pharmaceutical & Biotechnology Companies. Academic and research institutes utilize DNA and RNA extraction for a multitude of purposes, such as studying genetic diseases, developing new drugs, and conducting forensic investigations. The extracted DNA and RNA serve as valuable resources for researchers, enabling them to gain insights into the genetic basis of various diseases and conditions. On the other hand, pharmaceutical and biotechnology companies use DNA and RNA extraction in drug discovery and development, genetic testing, and personalized medicine. The extracted DNA and RNA can provide crucial information about a patient's genetic makeup, helping these companies develop more effective and personalized treatments.
Global DNA & RNA Extraction Market Outlook:
Looking at the market outlook, the Global DNA & RNA Extraction Market was valued at a significant US$ 4405 million in 2023. The market is expected to witness substantial growth, with projections estimating it to reach a value of US$ 6412.9 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period from 2024 to 2030. This anticipated growth can be attributed to the increasing demand for DNA and RNA extraction products and services in various sectors, including healthcare, research, and forensics. The advancements in technology and the rising prevalence of genetic disorders and infectious diseases are also expected to contribute to the market's growth.
| Report Metric | Details |
| Report Name | DNA & RNA Extraction Market |
| Accounted market size in 2023 | US$ 4405 million |
| Forecasted market size in 2030 | US$ 6412.9 million |
| CAGR | 6.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Roche Life Science, Thermo Fisher Scientific, Qiagen, Merck Millipore, Agilent Technologies, Bio-Rad, Illumina, PerkinElmer, LGC, Promega, Kurabo Biomedical, Analytik Jena, AutoGen, Hain Lifescience, ELITech, Biosan, Bioneer, Genolution, GeneReach, Takara Bio |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
