by DNA extraction kits are widely used for various genetic testing applications across diagnostic, academic, clinical, and biotechnology industries. DNA extraction from various sample types such as blood, saliva, tissues etc. is a vital initial step required for further downstream genetic analysis. Growing incidences of genetic disorders and increasing integration of molecular diagnostics techniques are fueling the demand for effective yet affordable DNA extraction solutions. DNA extraction kits provide reproducible and consistent DNA yields and purity required for genetic analysis. Advancements in DNA extraction chemistries incorporated in such kits has facilitated isolation of biomolecules from diverse sample types with minimal human error and effort. The global DNA Extraction Kits Market is estimated to be valued at US$ 1604.41 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
DNA extraction kits provide ready-to-use solution for rapid isolation of pure DNA from various biological samples. They help in removing potential contaminants, proteins or impurities during the extraction process. This isolated DNA can be conveniently used for downstream DNA analysis applications such as PCR, genotyping and sequencing. Growing popularity and declining costs of sequencing techniques is supporting increased reliance on DNA extraction as a crucial sample preparation step. Launch of easy-to-use, automated kits compatible with medium to high-throughput workflows is augmenting their adoption across clinical laboratories and research institutes. The global DNA Extraction Kits Market is driven by rising use of genetic testing for detecting inheritable disorders, cancers and other complex diseases.
Market key trends:
Some of the major trends in the DNA extraction kits market include miniaturization and lab-on-chip based extraction solutions. Miniaturized extraction technologies help to process small sample volumes with high throughput. Lab-on-chip utilizes microfluidics to integrate multiple processing steps onto a single chip for DNA isolation. This alleviates manual pipetting and reduces the processing time. Furthermore, automated liquid handling workstations for DNA extraction process are gaining high demand. Automation reduces hands-on time and eliminates errors associated with manual sample preparation. Shift towards automated open and closed systems for scalable, reproducible DNA extraction from biological samples is a prominent trend in this market.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderately low in the DNA extraction kits market due to the presence of established players and requirements for significant investments in R&D.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of alternatives and standardized nature of products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of substitute raw materials and focus on developing strategic relationships with suppliers.
Threat of new substitutes: The threat of new substitutes is low as DNA extraction is a critical initial step for numerous downstream processes with no close substitute available.
Competitive rivalry: The competitive rivalry is high due to presence of global and regional players offering similar products.
Key Takeaways
The Global DNA Extraction Kits Market Share is expected to witness high growth. Regional analysis The North American region dominates the global market due to increasing research activities and rising prevalence of infectious diseases. Asia Pacific region is expected to witness fastest growth over forecast period supported by rising R&D investment and growth in clinical diagnostics industry.
Key players operating in the DNA Extraction Kits Market are Thermo Fisher Scientific, QIAGEN, PROMEGA, F. Hoffmann-La Roche, Bio-Rad Laboratories, Agilent Technologies, among others. Thermo Fisher Scientific is one of the leading player with wide product portfolio. QIAGEN offers products for extraction of DNA from various sample types such as whole blood, saliva, and tissue. PROMEGA provides DNA extraction reagents and kits for variety of applications including forensics, food safety testing and clinical research.
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