DNA Extraction Kit Market Revenue Outlook by Product (Genomic DNA, Cell-Free DNA), Application (Real-Time PCR, Cloning, Next-Generation Sequencing), End User (Healthcare Facilities, Research Institutes, Pharma & Biotech Companies), Sample Type (Blood, Tissue, & FFPE, Cells) – Forecast to 2030

Market Overview

The DNA extraction kit market size stood at $1,354.4 million in 2021, and it is expected to grow at a compound annual growth rate of 8.5% during 2021–2030, to reach $2,818.2 million by 2030. The market growth can be primarily ascribed to the rising research activities along with technological advancements in forensic sciences and healthcare facilities, and the increasing investments in different fields for R&D activities, such as molecular diagnostics for several chronic and infectious diseases.

The surging requirements for automated DNA extraction technologies and user-friendly and precise extraction kits are trending in the market. Moreover, the use of DNA in the profiling of viral diseases caused by microorganisms and the applications of NGS are expected to accelerate the market growth in the coming years.

In order to reduce the effects of upcoming epidemics, cooperation and teamwork are required as the globe becomes more interconnected. Globally, more research is being done to lower the possibility of future epidemics. For instance, the National Institutes of Health of the U.S. invests around $30 billion each year in health innovation and also planned to spend many more billions on COVID-19 research. Likewise, the U.K. is likely to boost its R&D investment over the next three years, in order to reach around $25 billion by 2024–2025. Also, APAC nations have boosted their investments in their pharmaceutical and healthcare industries, including China and India.

The COVID-19 pandemic impacted the market for the short time being. However, with the surge in development and release of nucleic acid extraction-based COVID-19 kits, the market will rise significantly in the coming years.

Next-Generation Sequencing Category To Witness Fastest Growth in the Market

The demand for DNA extraction kits in NGS applications will rise at the highest CAGR, of around 10%, during the forecast period. Early diagnosis of cancer and other genetic diseases is the biggest challenge for researchers, and thus, several experiments have been conducted. For the diagnosis of genetic disorders, next-generation sequencing is widely used to effectively tackle this problem. The increasing utilization of NGS in diagnostic laboratories has improved the accuracy and consistency of genetic diagnosis. Prenatal diagnosis and predictive genetic testing are both utilizing advanced genetic diagnostic techniques.

Therefore, the surging use of sequencing technology drives the adoption of nucleic acid isolation kits. Also, this revolutionary technology has major applications after PCR and its demand is expected to show exponential growth in the forthcoming years. Thus, this factor is driving the market growth.

North America Is Major Contributor to DNA Extraction Kit Market Outlook

Due to a large number of research and development activities as well as the presence of major industry players who are constantly updating their product offerings for the research, the North American market currently contributes the largest share, and it is also projected to continue exhibiting a similar trend over the forecast period. In the region, the U.S. is the larger market for DNA extraction kits, due to the significant investments by government and private sectors in R&D, increased demand for kits, and surge in the frequency of chronic illnesses like cancer, in the country.

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APAC Is the Fastest-Growing Market for DNA Extraction Kits

The APAC market is expected to witness the fastest growth, advancing at a CAGR of over 9%, during the forecast period. This can be attributed to the rise in investments and interest in the field of R&D and technological advancements, and the surge in automation in DNA extraction technologies. For instance, in May 2021, Global Gene Corp. announced the investment for R&D in the genome sequencing program for the Indian subcontinent population. Likewise, there is an exponential rise in fundraising for research in the region, which boosts the market for DNA extraction and purification kits.

In the region, the Chinese market holds a leading position and is also expected to show a similar trend over the forecast period. This is mainly due to a large number of R&D activities in the country. Moreover, in the last few years, major market players have launched nucleic acid extraction and purification kits, to fulfill the rising requirements of pharmaceutical companies and forensic players. For instance, Promega Corporation launched Wizard HMW DNA Extraction Kit, a new DNA extraction kit, in February 2020, to take out large fragments of DNA from any biological sample.

Cancer Diagnosis and Identification Are Trending in Nucleic Acid Extraction Market

Over the forecast period, the DNA extraction kit market share for diagnosis and identification of cancer patients is expected to hold a major part. According to the data released by the Cancer Research Institute, in December 2020, about one in five people worldwide will develop cancer in their lifetime. Moreover, according to the GLOBOCAN 2020 report, there were around 19.3 million new cancer cases and 10 million cancer deaths in 2020, worldwide. Therefore, the increased incidence of cancer is boosting the market growth.

Healthcare Facilities are the Major End User in the Market

Healthcare facilities the largest end users of DNA extraction kits in the market. Thus, the category accounted for the largest revenue shares, over 50%, in 2021, owing to the increasing demand for early and accurate diagnosis of diseases.

Even hereditary illnesses like sickle cell anemia, hemophilia A, and Tay-Sachs disease may be accurately diagnosed using DNA extraction procedures. Therefore, it is predicted that the availability of such effective technologies at moderate-to-cheap prices would increase their adoption rate in diagnostic facilities and hospitals.

Moreover, it is expected that market expansion would be fueled by quickly adopting breakthrough technologies for the development of advanced medicines. The production of different medications and treatments begins with the separation and purification of nucleic acids, therefore, the use of equipment and kits needed to carry out these procedures will undoubtedly increase.

Key Players in DNA Extraction Kit Market Are:

• QIAGEN NV
• Beckman Coulter Inc.
• F. Hoffmann-La Roche Ltd.
• PerkinElmer Inc.
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories Inc.
• Omega Bio-tek Inc.
• Agilent Technologies Inc.
• Promega Corporation
• Merck KGaA
• Takara Bio Inc.
• bioMérieux SA

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Product

• Genomic DNA
• Cell-Free DNA

Based on Application

• Real-Time PCR
• Cloning
• Next-Generation Sequencing

Based on End User

• Healthcare Facilities
• Research Institutes
• Pharma & Biotech Companies

Based on Sample Type

• Blood, Tissue, & FFPE
• Cells

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • Italy
  • Spain
  • U.K.
  • France
• Asia-Pacific
  • Japan
  • India
  • China
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa