by DNA extraction kits are used to extract DNA from various biological samples like blood, tissue, cells and other body fluids. These DNA extraction kits are easy to use and provide high purity and yield of extracted DNA, which is further used in various downstream applications in research, forensics, pharmacogenomics and molecular diagnostics. With increasing focus and investments in genomics research and personalized medicine, demand for DNA extraction kits is growing significantly to facilitate accurate analysis of genetic make-up.
The global DNA Extraction Kits Market size is estimated to be valued at US$ 1848.29 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing adoption of DNA extraction kits in pharmaceutical and biotechnology companies for drug discovery and development through genomic analysis is a major factor fueling demand. Extensive R&D in the field of genomics, increasing genetic/DNA based prenatal testing and rising awareness about pharmacogenetics are also contributing to the market growth. Furthermore, developments like non-invasive liquid biopsy tests which capture circulating tumor DNA (ctDNA) from blood samples have increased the need for high quality DNA extraction kits. Regulatory approvals and launch of novel automated DNA extraction platforms that are faster and provide higher yields will continue to support revenue generation in the DNA extraction kits market during the forecast period. However, lack of skilled professionals and high costs associated with sequencing may hamper market growth to some extent over the coming years.
SWOT Analysis
Strength: DNA extraction kits provide a standardized and reliable way to isolate DNA from samples in a short period of time which helps in accurate and quick genetic analysis.
Weakness: Some DNA extraction kits are complex to use and require specialized technical skills which can be a challenge for some laboratories.
Opportunity: Growing demand for personalized medicine and rising investments in genetic testing will drive the demand for high-quality DNA extraction kits.
Threats: Stringent regulatory guidelines and presence of alternative technologies for DNA isolation can pose threats to this market.
Key Takeaways
The global DNA extraction kits market is expected to witness high growth over the forecast period of 2024 to 2031. . The global DNA Extraction Kits Market is estimated to be valued at US$ 1848.29 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.
The North American region currently dominates the global market due to heavy investments in biotechnology research. Rapidly growing biobanks in countries like US and Canada are driving regional demand for DNA extraction kits.
Key players
Key players operating in the DNA extraction kits market are Sabra Dental, Collagen Matrix, Cologenesis Healthcare Pvt. Ltd, Novabone, Kerr Dental, Acteon Group, Jorgen Kruuse A/S, Axio Biosolutions Private Limited, Zimmer Biomet, Lynch Biologics,LLC, Nobel Biocare Services AG, Salvin Dental Specialties, Neoss Limited, Unicare Biomedical, Citagenix Inc. These players are focusing on new product launches and geographical expansion to strengthen their market position.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
