Global RNA and DNA Extraction Kit Market 2019-2023 | 7% CAGR Projection over the Next Five Years | Technavio

The global RNA and DNA extraction kit market is expected to post a CAGR
of more than 7% during the period 2019-2023, according to the latest
market research report by Technavio.

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Technavio has published a new market research report on the global RNA and DNA extraction kit market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the global RNA and DNA extraction kit
market is the increasing incidence of cancer. Cancer research has
evolved significantly, providing an in-depth understanding of tumor
genetics, which is helping researchers to develop novel therapies
targeting the specific gene causing cancer. RNA extraction helps to
detect circulating tumor cells (CTCs) and enable highly accurate tissue
lineage-based cancer detection in blood specimens. Similarly, DNA
extraction is very important in cancer genetic studies that include
microsatellite analysis, mutation analysis, and comparative genomic
hybridization. These applications have led to the increased adoption of
RNA and DNA extraction kits for genetic analysis.

As per Technavio, the increasing adoption of personalized medicine will
have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
RNA and DNA extraction kit market 2019-2023 research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.

Global RNA and DNA extraction kit market:
Increasing adoption of personalized medicine

Personalized medicine has become one of the most important fields in
treating various complex genetic diseases and cancers. Personalized
medicine provides medicines based on an individual's genetic makeup and
other predictive data, which is specific to each patient. These
medicines require the collection of DNA and RNA samples as the initial
step of diagnosis. RNA extraction kits are crucial for understanding the
behavior of various cells for the development of essential proteins that
can combat the disease. Similarly, DNA extraction kits are mainly used
in the identification of polymorphisms in genes that are associated with
a disease or drug metabolism.

“Apart from the increasing adoption of personalized medicine, factors
such as the high demand for cell RNA extraction in biotechnology, and
the increasing number of conferences that promote various applications
of RNA and DNA extraction will have a significant impact on the RNA and
DNA extraction kit market during the forecast period,” says a senior
research analyst at Technavio.

Global RNA and DNA extraction kit market:
Segmentation analysis

This market research report segments the global RNA and DNA extraction
kit market by product (DNA extraction kit, and RNA extraction kit) and
geographic regions (North America, Europe, Asia, and ROW).

The North America region led the market in 2018, followed by Europe,
Asia, and ROW respectively. The market growth in North America can be
attributed to the increasing demand for automated systems specifically
designed for medium-to-large laboratories. Moreover, the extensive focus
of pharmaceutical companies on developing various products, including
hormones and vaccines, necessitates the use of RNA and DNA extraction
kits.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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