DNA Extraction Kits Market To Be Valued at US$ 2,320.6 Mn in 2028 With CAGR 7.7 | Thermo Fisher Scientific, QIAGEN, PROMEGA, F. Hoffmann-La Roche.

The market for DNA extraction kits was valued at US$ 1,389.7 million in 2021 and is anticipated to grow at a CAGR of 7.7% from 2022 to 2028 to reach US$ 2,320.6 million. The increased disease burden and COVID-19 epidemic are both contributing to the rapid expansion of the worldwide market for DNA extraction kits. Additionally, it is anticipated that rising sequencing platform use and rising spending in molecular diagnostics R&D would accelerate market expansion. But the market for DNA extraction kits is predicted to expand slowly due to issues including the high price of the kits and a lack of consumer awareness.

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Regional Insights

The worldwide market for DNA extraction kits is divided into five regions based on geography: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Due to the rising frequency of chronic illnesses like cancer in this area, particularly in the United States, North America is predicted to have the biggest market share among all other regions over the projection period. For instance, the American Cancer Society (ACS) predicts that there will be 609,360 cancer deaths and an estimated 1.9 million new cancer cases in the United States in 2022. Breast cancer is the most prevalent kind of cancer on the list, with 290,560 new cases anticipated in the US in 2022.

Due to the expanding patient population and encouraging government efforts, Europe is also anticipated to see rapid expansion in the global DNA extraction kits market. For instance, Merck invested roughly EUR 18 million (USD 21.09 million) on the construction of a life sciences lab in Switzerland (Europe) in 2020. This was done to assist and speed up research and development (R&D), the production of analytical data, and quality assurance.

Market Drivers

During the projected period, an increase in the incidence of chronic diseases is anticipated to fuel the expansion of the worldwide DNA extraction kits market. The main causes of mortality and disability worldwide are chronic illnesses. It is possible to remove the tumor’s DNA and utilise it for genetic testing. Cancer was one of the top causes of mortality globally in 2020, accounting for close to 10 million deaths, according to the World Health Organization (WHO). Over the course of the projected period, rising expenditures in R&D of molecular diagnostics are anticipated to fuel market expansion for DNA extraction kits. For instance, FIND committed about US$ 21 million in December 2021 to speed up the creation, production, and introduction of low-cost, multi-pathogen molecular diagnostic systems. Four companies—Biomeme, Inc., Bioneer Corporation, Qlife Holding AB, and SD Biosensor, Inc.—with innovative new platforms have been chosen for financing.

Market Opportunities

Players in the DNA extraction kits market are anticipate to see considerable growth prospects as a result of the COVID-19 epidemic. For instance, Zymo Research and Tecan announced a collaboration in March 2020 to provide a ready-to-use processing solution to speed DNA/RNA extraction from COVID-19 specimens. The new workstation streamlines a procedure by offering pre-loaded scripts that are now being verified for COVID-19 tests by high complexity testing laboratories and are tailored for viral RNA extraction.

New, next-generation DNA extraction kits should present participants in the global DNA extraction kits market with significant growth potential. For those researchers working with fewer biological samples, Purigen Biosystems, Inc. announced the release of the Ionic Cells to Pure DNA Low Input Kit in October 2020. High-quality DNA is delivered by the streamlined and automated 60-minute approach for quick research of genetic anomalies or testing of illness treatment effects.

Market Trends

Technological progress The market for DNA extraction kits is anticipated to increase at a rapid rate. For instance, Purigen Biosystems announced the availability of the Ionic Tissue to Pure DNA Kit in October 2021. Utilizing a straightforward, automated approach, the new kit enables Ionic Purification System users to extract higher quantities of high-quality DNA from fresh, frozen biological materials.

The global market for DNA extraction kits is anticipated to rise as research and development efforts increase. For instance, the Indian Council of Medical Research authorised the Indian Institute of Technology’s development of the lowest commercially available RNA-based COVID-19 testing kit in July 2020.

Market Restraints

The global market for DNA extraction kits is predicted to have slow development due to the high cost of the kits. For instance, technologically sophisticated DNA extraction tools cost more than traditional approaches. It might be costly to extract DNA from a single sample or several samples of various sizes using various kits. The price of kits, Eppendorf tubes, stainless steel beads, and pipette tips is included in the cost of DNA extraction procedures, which is determined on a per-sample basis.

The market for DNA extraction kits is anticipated to expand slowly due to lack of consumer awareness of the kits. For instance, the primary constraints limiting the growth of the DNA extraction kit market globally are poor awareness of the kits, their limited availability, and low market penetration.

Market Segmentation

The Product, Application, Sample Type, End-User, and Region segments are included in the worldwide DNA extraction kits market study.

The market is divided into Cell-free DNA, Genomic DNA, and Others based on product. Due to the rising incidence of cancer throughout the world, the Cell-free DNA Segment is anticipated to dominate the worldwide DNA extraction kits market over the forecast period. Real-time data provided by circulating cell-free DNA (cfDNA) can be used to identify and track cancer and other illness indicators in a quick blood test.

The expansion of genomics-based research is projected to lead to considerable growth in the genomic DNA segment in the near future. The sector is also being driven by the increasing usage of kits and reagents in research investigations aimed at understanding both common and uncommon genome-based disorders.

The market is divided into PCR, Sequencing, Cloning, and Others based on Application. Out of these, the PCR Segment is anticipated to dominate the market throughout the course of the forecast period. This development is due to the rise in molecular diagnostics and the prevalence of chronic and infectious illnesses. Clinicians can assess and keep track of malignancies, infectious disorders, immunological function, and prenatal and neonatal health thanks to molecular diagnostics.

Due to the COVID-19 pandemic, the sequencing segment is also anticipated to experience considerable growth in the near future. Many DNA and RNA-based COVID-19 kits were developed and released as a result of the high COVID-19 infection rate, and they later proved to be extremely important and in great demand.

The DNA extraction kit market is divided into Blood, Tissue & FFPE, Cells, and Others based on the kind of sample used. Of which, the Blood, Tissue & FFPE Segment is anticipated to rule the market over the anticipated time frame. The growing usage of next-generation sequencing (NGS), a method for figuring out the sequence of nucleotides in whole genomes or specific portions of DNA or RNA, has led to an increase in the popularity of genetic testing on numerous materials, including blood, tissue, and FFPE.

The DNA extraction kit market is divided into healthcare facilities, research institutes, pharmaceutical and biotechnology companies, and others based on end user. The growth in disease burden, the COVID-19 (pandemic) outbreak, technical improvements, and an increase in R&D efforts are all reasons why the market is predicted to be dominated by the All Segment throughout the projected period.

Key Developments

The Ionic FFPE Complete Purification Kit was introduced in March 2021 by Purigen Biosystems, Inc. It allows for the recovery of RNA and DNA from FFPE tissue samples in a single procedure. When compared to manual column or bead-based approaches, it helps to streamline the production by cutting down on hands-on time by about 75%.

Wizard HMW DNA Extraction Kit, a novel DNA extraction kit for removing big DNA fragments from any biological material, was introduced by Promega Corporation in February 2020.

Key Companies Insights

The market for DNA extraction kits is very crowded worldwide. This is explained by the rise in demand for DNA extraction kits brought on by the burden of sickness, and as a result, market participants are concentrating on introducing new products.

Thermo Fisher Scientific, QIAGEN, PROMEGA, F. Hoffmann-La Roche, Bio-Rad Laboratories, and Agilent Technologies are a few of the major companies in the worldwide DNA extraction kits market.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 DNA Extraction Kits Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: DNA Extraction Kits Industry Impact

Chapter 2 Global DNA Extraction Kits Competition by Types, Applications, and Top Regions and Countries
2.1 Global DNA Extraction Kits (Volume and Value) by Type
2.3 Global DNA Extraction Kits (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global DNA Extraction Kits Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America DNA Extraction Kits Market Analysis
Chapter 6 East Asia DNA Extraction Kits Market Analysis
Chapter 7 Europe DNA Extraction Kits Market Analysis
Chapter 8 South Asia DNA Extraction Kits Market Analysis
Chapter 9 Southeast Asia DNA Extraction Kits Market Analysis
Chapter 10 Middle East DNA Extraction Kits Market Analysis
Chapter 11 Africa DNA Extraction Kits Market Analysis
Chapter 12 Oceania DNA Extraction Kits Market Analysis
Chapter 13 South America DNA Extraction Kits Market Analysis
Chapter 14 Company Profiles and Key Figures in DNA Extraction Kits Business
Chapter 15 Global DNA Extraction Kits Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology