by DNA extraction kits are consumables and reagents used to isolate DNA from various biological specimens such as blood, tissues, cells and others. DNA extraction finds widespread application in molecular biology research, genetic testing, personalized medicine and forensic sciences. For instance, in forensic sciences, DNA extraction from crime scene evidence plays a pivotal role in linking or ruling out suspects. Similarly, in genetic testing, DNA extraction from patient samples is crucial for conducting tests to diagnose genetic disorders and determine genetic predispositions. Modern DNA extraction techniques leverage automation and robotics to ensure high yield and purity of extracted DNA. However, manual extraction methods are still prevalent in underdeveloped regions and for specific applications that require low-cost alternatives.
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 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The increasing demand for DNA extraction in precision medicine presents a lucrative opportunity for market players in the DNA Extraction Kits market. Precision or personalized medicine leverages a patient’s genetic makeup to develop targeted treatment strategies. DNA extraction from patient samples serves as the foundation for various types of genetic and genomic tests that power personalized healthcare. As precision medicine gains more traction globally, the need for high-quality DNA extraction techniques will rise substantially. Additionally, the proliferation of direct-to-consumer genetic testing is fueling adoption of DNA extraction kits. Customers can simply order genetic testing kits online, send their saliva samples for DNA extraction and analysis, and receive results on health risks, ancestry and other traits. Simplified sample collection methods and rapid availability of test results from the convenience of homes is boosting the popularity of DTC genetic testing.
Segment Analysis
The DNA Extraction Kits market can be segmented based on type, end use and region. By type, the market is dominated by the Genomic DNA Extraction Kits segment which accounts for around 30% of the total market share. This is because Genomic DNA Extraction Kits are used widely for various downstream applications such as polymerase chain reaction, DNA sequencing and others.
PEST Analysis
Political: Government initiatives and support for research activities involving genomic studies and clinical trials is driving the demand for DNA Extraction Kits.
Economic: Rising disposable income and investments in the field of genomics and biotechnology is fueling the market growth.
Social: Increasing awareness about personalized medicine and genetic testing is positively impacting the sales of DNA Extraction Kits.
Technological: Advancements in DNA extraction methods and development of automated extraction kits with high yields is augmenting the market.
Key Takeaways
Global DNA Extraction Kits Market Size is expected to witness high growth. 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 5.9% over the forecast period 2023 to 2030.
North America holds the largest share in the global DNA Extraction Kits market owing to strong presence of leading players and growing focus on precision medicine in the region.
Key players related content comprises Key players related content: Key players operating in the DNA Extraction Kits market are Sabra, Qiagen, Thermo Fisher Scientific, Merck KGaA, Roche, and Illumina. Sabra dominates the market due to its wide product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
