Global Magnetic Bead-based Nucleic Acid Extraction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Magnetic Bead-based Nucleic Acid Extraction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Magnetic bead-based nucleic acid extraction is one of the most common method adopted for the nucleic acid purification. There are numerous magnetic bead-based extraction and purification kits available in the market for rapid and reliable isolation of nucleic acids. These uniquely coated magnetic beads bind DNA with high affinity. Thus, high quality DNA is obtained with high purity and yield after the magnetic separation technique. This high quality DNA can be used for enzyme digestion, sequencing and analysis. The magnetic bead-based nucleic acid extraction is a less rigorous method as compared to tradition DNA separation process (involving precipitation and centrifugation steps) that may lead to nucleic acid degradation. Thus, nucleic acid isolation is one of the most vital steps in molecular biology as it is a prerequisite for a wide range of experiments.

Market Overview:

The latest research study on the global Magnetic Bead-based Nucleic Acid Extraction market finds that the global Magnetic Bead-based Nucleic Acid Extraction market reached a value of USD 2583.04 million in 2022. It’s expected that the market will achieve USD 2436.23 million by 2028, exhibiting a CAGR of -0.97% during the forecast period.

Market Drivers

The global magnetic bead-based nucleic acid extraction market is expected to witness a favorable growth during the forecast period. Increasing adoption of magnetic beads for the isolation of nucleic acids, technological advancements in magnetic bead based nucleic acid methods, availability of bench top systems, and huge amount of investments in research and development from pharmaceutical companies are some of the primary factors driving the growth of the global magnetic bead-based nucleic acid extraction market. Moreover, increasing government investments in the field of life sciences is further contributing to the growth of the global magnetic bead-based nucleic acid extraction market.

In addition, the expansion of next-generation sequencing (NGS) technology has promoted the development of the Magnetic Bead-based Nucleic Acid Extraction market because the extraction and purification of DNA and RNA play a vital role in obtaining accurate NGS data. Nucleic acid-based diagnostics are extensively employed in laboratory settings to diagnose a wide range of medical conditions. The increasing prevalence of cancer, infectious diseases, genetic disorders, and neglected tropical diseases surge the demand for isolation and extraction of DNA or RNA for nucleic acid-based diagnostics.

Furthermore, the increase in health demand and the aging of the population accelerate the increase in medical and health care expenditures. With the development of society and the improvement of living standards, people's health needs and health awareness continue to improve and deepen, which promotes a substantial increase in the demand for medical diagnosis and prevention. With the continuous advancement of in vitro diagnostic technology, breakthroughs have been made in sensitivity, accuracy, application scenarios, and ease of operation. Individualized diagnosis and treatment plans can be made for patients according to the characteristics of patients to achieve precision medical treatment. With the increasing demand for precision medicine, important downstream nucleic acid detection based on magnetic bead nucleic acid extraction industry will achieve rapid growth, which will promote the sales growth of magnetic bead nucleic acid extraction related products.

Market Challenges

The Magnetic Bead-based Nucleic Acid Extraction industry is an industry that is clearly driven by downstream, which requires Magnetic Bead-based Nucleic Acid Extraction equipment and reagent manufacturers to continuously invest in research and development aimed at market demand. For example, the downstream industries of current Magnetic Bead-based Nucleic Acid Extraction equipment and reagents have increasingly higher requirements for high throughput and timeliness. Manufacturers that can seize this opportunity will occupy an advantageous position in business competition. Besides, the extraction of intact RNA with high yield and purity is one of the major challenges hindering the growth of the global magnetic bead-based nucleic acid extraction market.

Region Overview:

In 2022, the share of the Magnetic Bead-based Nucleic Acid Extraction market in North America stood at 38.06%.

Company Overview:

Roche is one of the major players operating in the Magnetic Bead-based Nucleic Acid Extraction market, holding a share of 10.53% in 2021.

Roche

Roche deliver a broad and growing selection of advanced research tools that accelerate life science discovery. Committed to innovation, quality, and service, Roche offer an extensive product portfolio featuring cutting-edge instruments and reagents for genome sequencing, microarray analysis, nucleic acid purification, real-time PCR, and cell analysis.

Thermo Fisher

The Fisher Scientific channel keeps science moving forward by offering over 2 million products and extensive support services to the scientific research, healthcare, and science education markets.

Segmentation Overview:

Among different product types, Kits and Reagents segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Hospitals and Diagnostic Centers segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Magnetic Bead-based Nucleic Acid Extraction market covered in Chapter 3:

Thermo Fisher
Tecan
Covaris
Axygen (Corning Inc)
Isogen Life Science
Hamilton
Precision System Science
Roche
Zymo Research
TBG Diagnostics
Cytiva
Takara Bio
Primerdesign
Bioneer Corporation
Diagenode S.A
Analytik Jena
DiaSorin S.p.A
PerkinElmer
Qiagen
Orient Biotech

In Chapter 4 and Chapter 14.2, on the basis of types, the Magnetic Bead-based Nucleic Acid Extraction market from 2018 to 2029 is primarily split into:

Kits and Reagents
Instruments

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Magnetic Bead-based Nucleic Acid Extraction market from 2018 to 2029 covers:

Academic and Government Research Institutes
Pharmaceutical and Biotechnology Companies
Contract Research Organizations
Hospitals and Diagnostic Centers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)