DNA Extraction Kit Market Analysis
Explore In-Depth DNA Extraction Kit Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2032
Report Code: 12396
Explore In-Depth DNA Extraction Kit Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2032
The applications analyzed here are:
The products analyzed here are:
The sample types evaluated here are:
The end users analyzed here are:
The North American market currently holds the largest share, of 35%, and it is also projected to continue exhibiting a similar trend over the forecast period. This is 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. 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.
The APAC market is expected to witness the fastest growth, at a CAGR of over 9.0%, 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. This year, the Indian government announced the completion of the '10,000 genome' project, creating a reference database for identifying genetic variants that are unique to the country's diverse population. This initiative was undertaken by the Department of Biotechnology with the aim of enhancing drug customization and improving public healthcare by studying distinct genetic mutations. 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.
The geographical breakdown of the market is as follows:
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