Global DNA and RNA Sample Preparation Market is expected to grow at a CAGR of 6.0% during the forecast period 2020-2027
A new research report published by Fior Markets with the title DNA and RNA Sample Preparation Market by Type (Reagents & Consumables, Kits, Workstation), Application (Research Application, Diagnostic Testing, Clinical Testing), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global DNA and RNA sample preparation market is expected to grow from USD 1.39 billion in 2019 to USD 2.22 billion by 2027, at a CAGR of 6.0% during the forecast period 2020-2027. North America has the highest growth in the global DNA and RNA sample preparation market. North America has the highest revenue as the sales of kits are high. Moreover, rise in clinical and diagnostic testing, as well as developed healthcare infrastructure, are driving the growth of the market in the region.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the DNA and RNA sample preparation market are Bio-Rad Laboratories Inc., Illumina Inc., PerkinElmer Inc., Thermo Fisher Scientific Inc, DiaSorin S.p.A., Agilent Technologies Inc., F. Hoffmann-La Roche, Dickinson and Company and Becton. Key players in the DNA and RNA sample preparation market are emphasizing on promoting and developing comprehensive strategies to sustain in the competition. Companies are also emphasizing on technological advancements as well as innovations to create innovative and new sample preparation instruments. Manufacturers are primarily considering the demands from forensic science laboratories, diagnostic centres, academic and research institutes.
The type segment includes reagents & consumables, kits and workstation. Kits segment has the largest market share in the global DNA and RNA sample preparation market. Kits are beneficial due to reproducibility, improved reliability, recovery of high molecular weight DNA and minimal DNA loss. The growth of the kits segment is likely to be hampered due to process-related challenges. Small sample size, as well as Contamination of the DNA-RNA samples, hamper the analysis. Also, viral nucleic acids and RNA transcripts in biological fluids are hard to identify. The application segment includes research application, diagnostic testing and clinical testing. Specific DNA or RNA is detected by medical diagnosis based on nucleic acid. It is used to identify from infecting virus, organisms, expression of a gene or specific gene associated with a disease. Diagnostics testing is sensitive and precise when it is combined with a different type of instrumentation.
The DNA and RNA sample preparation market is driven by an increased demand to isolate nucleic acid in natural form. Increased research and development, as well as technological advancements, are contributing factors in the growth of the market. DNA and RNA sample preparation market is expected to show the highest growth due to greater application flexibility and high amount processing. Also, cost-effective large-scale studies are possible due to improved inventions. Moreover, exposing experts to dangerous chemicals and increased demand for resource in laboratories are driving factors.
About the report:
The global DNA and RNA sample preparation market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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