The report on Nucleic Acid Isolation and Purification (NAIP) Market sheds light on the important developments impacting and increasing the growth of the Nucleic Acid Isolation and Purification (NAIP) market including its restraints, drivers and prospects. The Nucleic Acid Isolation and Purification (NAIP) market report proposes complete synopsis of the market, covering several characteristics such as product definition, market breakdown based on several constraints, supply chain analysis, and the fundamental Key Players outlook.
The report on Nucleic Acid Isolation and Purification (NAIP) Market will help Major Players and the new entrants to understand and scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.
The global nucleic acid isolation and purification (NAIP) market is estimated to reach approximately USD 5,300 million by 2023, at a CAGR of about 9% during the forecast period. This market is segmented based on technology, product, application, end user, and geography. In the segmentation based on technology, column-based purification has the largest market share, however, magnetic bead-based purification is expected to witness the highest CAGR.
Rise in R&D Funding in Biotechnology & Healthcare
Biotech and Pharma companies have a growing demand for pure nucleic acids. Pure nucleic acid is finding applications in emerging fields, like genetic engineering, molecular diagnosis, forensics, and research related to life sciences. Consequently, the governments have stepped up funding for R&D projects. The pharma sector has stepped up investments in products requiring NAIP Instruments, as NAIP technologies are becoming more prevalent now. Rise in automation has also stepped up NAIP applications.
Low Penetration in Emerging Countries
The availability of automation technology in emerging economies is very low. Automation technology is a major reason for rising applicability of NAIP technology. Low automation presents a problem in harnessing the full potential of NAIP technology. Companies would need to work out ways to increase the availability of automation technology in the developing Regions. As the penetration of automation and NAIP technology is low in emerging economies, consequently the cost of automated instruments is also very high (higher than the base cost in developed countries). These hurdles of pricing and technology penetration are potential barriers for the marketâs growth.
North America to Dominate the Market Growth
North America has the largest market share and is expected to lead the market during the forecast period. Asia-Pacific is expected to witness the highest CAGR during the forecast period. Increasing use of kits in molecular diagnostics and rapid development of healthcare facilities in emerging economies are the key factors that justify the growth rate in Asia-Pacific.
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Nucleic Acid Isolation and Purification (NAIP) market report provides the comprehensive analysis of the market, based on leading players of present, past of Nucleic Acid Isolation and Purification (NAIP) Industry and resourceful data that will act as a supportive guide for leading players.
Major Key Players of Nucleic Acid Isolation and Purification (NAIP) Market Report: AGILENT TECHNOLOGIES, BIO-RAD LABORATORIES, DANAHER CORPORATION, GE HEALTHCARE, ROCHE APPLIED SCIENCES, SIGMA ALDRICH, LIFE TECHNOLOGIES, THERMO FISHER SCIENTIFIC, TAKARA BIO INC., amongst others..
Key Issues Addressed in this Report:
- Competitive Landscape and Strategic Recommendations
- The market forecast and growth areas for Nucleic Acid Isolation and Purification (NAIP) Market
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Changing Market Trends and Emerging Opportunities
- Historical shipment and revenue
- Analysis key applications
- Main Players market share
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In a word, the Nucleic Acid Isolation and Purification (NAIP) Market report provides major statistics on the state of the Nucleic Acid Isolation and Purification (NAIP) industry and is a valuable source of guidance and direction for companies and individuals interested in the market.