As cited by the research report titled ‘Global Nucleic Acid Isolation and Purification Market - Analysis By Product Type, Application, End-User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report LLC, global nucleic acid isolation and purification market was worth USD 3359.84 million in 2020 and is estimated to expand significantly over 2021-2026.
 

Increasing research & development activities, technological advancements in clinical diagnostic techniques, rising public-private funding for life science research, and growing automation trend are the major factors driving the global nucleic acid isolation and purification market growth.
 

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For the record, nucleic acid isolation and purification is important for several medical applications, including drug discovery, as these research & clinical applications require high-quality pure nucleic acids like RNA and DNA.
 

Speaking of the negatives, high cost of automated instruments is likely to hinder the market progression over the estimated timeline.
 

On the basis of application range, global nucleic acid isolation and purification industry is categorized into diagnostics, personalized medicine, drug discovery & development, agriculture & animal research, and others. The end user ambit consists of hospitals & diagnostic centers, pharmaceuticals & biotechnology companies, academic & research institutes, and others.
 

Based on product type, the marketplace is segmented into reagents, high kits, and instruments. Among these, kits segment is likely to account for a significant market share in the ensuing years, owing to low product cost, and easy usage in applications like molecular diagnostics, gene sequencing, and gene cloning.
 

On the regional front, North America, Asia Pacific, and Europe are considered to be the prominent contributors to the overall industry growth. Of these, North America held the largest market share in 2020, owing to technological advancements, significant research & development expenditure in biotechnology & pharmaceutical companies, and government support.
 

Prominent players swaying the worldwide nucleic acid isolation and purification industry trends are Norgen Biotek Corp., Promega Corporation, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Merck Group, F. Hoffmann-La Roche Ltd., Danaher Corporation, Illumina Inc., and Qiagen N.V.