New York, Nov. 07, 2022 (GLOBE NEWSWIRE) -- The global DNA and RNA sample preparation market accounted for a valuation of close to US$ 1.7 Bn in 2021 and is anticipated to expand at a CAGR of 5.6% from 2022 to 2032.
The introduction of new technology and methods have eased the process of obtaining high-quality results. Improvements in DNA and RNA preparation processes have led to an elevated demand for high-quality reagents, kits, and associated products. To satisfy various research objectives, several manufacturers have built up internal resources to produce high-quality products with short turnaround times.
Research activities in the area of life sciences are boosted by technological advancements in DNA and RNA sample preparation techniques as well as agreements established between major research institutions across the world. Demand for DNA and RNA sample preparation has grown because of technical developments in analytical instruments and growing need for contemporary extraction methods.
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Key Takeaways from Market Study
- Kits held 59.2% of the market share by product segment in 2021.
- By application, research applications accounted for a market share of 38% in 2021.
- By end user, academic & research institutes are widely using DNA and RNA sample preparation products, and the segment held a market share of 29.9% in 2021.
- In 2021, North America held a 33.7% share of the global DNA and RNA sample preparation market share.
“Higher throughput and modern technologies that are improvising the methodology of sampling will drive market growth over the forecasted period,” says an analyst of Persistence Market Research.
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Market Competition
Leading market players within the life science sector are involved in activities such as acquisitions, collaborations, and partnerships to expand their market share. Therefore, the fragmented market with many competitors is opting for acquisitions as their strategic planning to boost the share in the DNA and RNA sample preparation market.
- PerkinElmer launched the (RUO) BioQule NGS System, in June 2022, only for research purposes. The BioQule NGS system allows scientists and researchers to develop superior-quality next generation sequencing libraries that produce reproducible results in a wide range of applications that require genomic analysis.
- QIAGEN increased its next-generation sequencing (NGS) portfolio in August 2022 with the release of the QIAseq UPXome RNA Library Kit and the QIAseq Targeted DNA Pro Panels, each of which established new criteria for sample preparation for nucleic acid sequencing.
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