Nucleic Acid Isolation & Purification Market Trends

Nucleic Acid Isolation & Purification Market Trends

• The increasing demand for molecular diagnostics has emerged as a key driver propelling the market expansion. As molecular diagnostics plays a pivotal role in understanding and diagnosing various diseases at a genetic level, the need for reliable and efficient nucleic acid isolation and purification methods has surged.
   
• Additionally, as medical treatments increasingly shift towards personalized approaches tailored to individual genetic profiles, the demand for efficient nucleic acid isolation and purification techniques is further rising. For instance, in 2014, personalized medicines accounted for only 21% of the total FDA approved new molecular entities, while in 2022 they accounted for 34% of approved new molecular entities. Therefore, nucleic acid isolation and purification plays a pivotal role in extracting high-quality genetic material, such as DNA and RNA, essential for personalized diagnostics and targeted therapies.
   

However, high cost associated with installation and maintenance of instruments and use of cost-intensive reagents during purification and isolation procedures of nucleic acid are expected to restrain growth of the market to a certain extent over the forecast period.