The Size of the Middle East & Africa Nucleic Acid Isolation and Purification Market is valued at USD 0.29 billion in 2022 and expected to grow at a CAGR of 6.63%, to reach USD 0.40 billion by 2027 during the forecast period 2022 to 2027.
The increase in the fast technical and developmental advances with the wide-ranging applications of nucleic acid testing in diagnostics and the increase in the research and development investments in biotechnology and healthcare are driving the growth of the nucleic acid isolation and purification market.
The present market is also expanding due to fast technical developments, such as polymerase chain reaction, which is the first nucleic acid amplification technique. Furthermore, the increase in the new products and advancements has revolutionized the clinical microbiologists' approach to viewing and applying nucleic acid techniques in clinical settings. In addition, the rapid increase in the equipment sector of the market is driving the growth in the market.
An increase in the prevalence of genetic diseases and the rise in the advancements of laboratory automation, and lowering the degree of change are the other factors contributing to the expansion of the market's equipment sector. As well as the existence of well-established healthcare infrastructure will also contribute significantly to the growth of the nucleic acid isolation and purification market.
In addition, new product development, acquisitions, and collaborations are current market developments in the worldwide nucleic acid isolation and purification industry, increasing the demand for market growth with the increase in the competition between the market players to maintain their position in the market.
Furthermore, the significant advances in molecular diagnostics have allowed the fastest and ongoing developments in nucleic acid isolation and purification technologies, driven by new knowledge supplied by the mapping of genetic risk factors underlying many illnesses.
Low penetration of the products or the instruments in the market and the rising prices of automated tools and the products are affecting the market growth. Also, the scarcity of qualified and skilled individuals and the instability of the economy influence the nucleic acid isolation and purification market. Furthermore, consistent lifestyle change also affects market growth.
This research report on the Middle East & Africa Nucleic Acid Isolation and Purification Market has been segmented and sub-segmented into the following categories
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Geographically, the Middle East and Africa market is estimated to grow in the nucleic acid isolation and purification market in the upcoming years due to the increase in the adoption of the new developments and advancements in the technology with the rise in the research and development funding by the government in the healthcare sector. On the other hand, the market in the countries such as UAE, Saudi Arabia, and South Africa is growing slowly. Still, it is expected that there will be seen a rise in the nucleic acid isolation and purification market in the future due to the increase in the applications and awareness of the tests of nucleic acid for the diagnosis are increasing the market growth.
South Africa nucleic acid isolation and purification market is projected to witness the largest share of the Nucleic Acid Isolation and Purification Market during the forecast period. The increasing prevalence of chronic diseases and the availability of advancing healthcare services are driving the market growth. Also, these techniques have increased the market by the wide range of applications of nucleic acid testing in diagnostics; these techniques are the set of molecular biology used to extract and purify RNA and DNA.
Further, UAE nucleic acid isolation and purification market and Saudi Arabia nucleic acid isolation and purification market are most likely to account for a promising share in the Nucleic Acid Isolation and Purification Market during the forecast. The market growth is attributed to the increasing economic growth, initiatives by biotechnology for research, and the presence of key market players.
KEY MARKET PLAYERS
Noteworthy Companies dominating the Middle East & Africa Nucleic acid isolation and purification market Profiled in the Report are Qiagen, Bio-Rad Laboratories Inc, Illumina Inc, Agilent Technologies Inc, Thermo Fischer Scientific Inc, F. Hoffmann-La Roche AG, Sigma-Aldrich Co. LLC, General Electric Company, Danaher Corporation, Promega Corporation, Life Technologies, Roche Applied Sciences, Takara Bio, Inc., etc.
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