According to the recent 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 MarketStudyReport, global nucleic acid isolation and purification market was valued at USD 3359.84 million in 2020 and is expected to register decent growth during 2021-2026.
 

As per the report findings, global nucleic acid isolation and purification market growth can be credited to growing automation, technological advancements, and rising research & development activities in healthcare sector. Increasing public-private funding for life science research, and numerous advancements in clinical diagnostic techniques are further adding to the industry progression.
 

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Notably, nucleic acid isolation and purification is critical for several medical uses, including drug discovery and analysis. Superior quality, highly pure nucleic acids such as DNA and RNA are required for a broad range of research and clinical applications.
 

Speaking of the restraining factors, hefty cost of automated instruments is likely to hamper worldwide nucleic acid isolation and purification industry remuneration over the forecast period.
 

Based on product type, the market is split into instruments, reagents, and high kits. Of these, kits segment held major portion of the industry share in the recent past, attributable to its affordability and easy usage in applications like gene cloning, molecular diagnostics, and gene sequencing.
 

As per application spectrum, global nucleic acid isolation and purification market is bifurcated into agriculture & animal research, personalized medicine, drug discovery & development, diagnostics, and others. Moving on, the end user segmentation of the industry comprises pharmaceuticals & biotechnology companies, academic & research institutes, hospitals & diagnostic centers, and others.
 

Regionally, North America accounted for significant portion of overall market share in 2020, creditable to government support, technological advancements, and increasing research & development expenditure in biotechnology and pharmaceutical firms.
 

Elaborating on the competitive arena, major companies assessed in global nucleic acid isolation and purification market report are Agilent Technologies Inc., Danaher Corporation, F. Hoffman-La Roche Ltd., Illumina Inc., Qiagen N.V., Merck KGaA, Thermo Fisher Scientific Inc., Norgen Biotek Corporation, Bio-Rad Laboratories Inc., and Promega Corporation.