Nucleic Acid Labeling Market Growing at a CAGR of 8.5% During Forecast Period 2020-2025

January 4, 2021
Blessy

Nucleic Acid Labeling Market size is estimated to be $1.65 billion in 2019, growing at a CAGR of 8.5% during the forecast period 2020-2025.Rising geriatric population and the need of personalized medicines, increasing genomic and enzymology research and advancements in diagnostic tools for synthetic genome design and government initiatives for research and development in microbiology is a significant factor driving the nucleic acid labeling market during the forecast period 2020-2025.Nucleic acid may be modified with tags that enables detection and purification. The resulting nucleic acid probes can be used to identify or recover other interacting molecules. Common labels used to generated nucleic acid probe include radioactive phosphates, biotin, flurophores and enzymes.In addition the biconjugation method used for nucleic acid probe generation may be adapted for attaching molecules or surfaces to facilitate targeted delivery or immobilization. Nucleic acid labelling is a technique used to label nucleic acid for purification and visualization. In addition nucleic acid can be labelled at their 5’ end and 3’ end or throughout the molecule depending on a particular application to generate information on gene integrity and copy number, to diagnose specific sequences and chromosomal aberrations, to simultaneously measure the relative expressions of RNAs or to discover protein nucleic acid interactions.

Key Takeaways

  • By Type Non-radioactive accounted for the largest market share in 2019 owing to its relative speed, sensitivity, safety and versatility.
  • Polymerase Chain Reaction accounted for the largest market share in 2019 owing to its sensivity that allows rapid amplification of a specific segment of DNA.
  • Increasing incidence of chronic diseases leading to diabetes and other cardiovascular diseases and the patients demand for personalized medicine is a major driving the Nucleic Acid Labeling Market during the forecast period 2020-2025.

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Geography- Segment Analysis

North America dominated the Nucleic Acid Labeling Market with a region share 40% in 2019 followed by Europe and APAC. Rising geriatric population along with the increasing health expenditure and government initiative, increasing health concerns coupled with the growing demand of advanced treatment and a better healthcare structure is a major factor propelling its market growth.

Drivers – Nucleic Acid Labeling Market

Growing Demand for Personalized Medicine

Advancement in Tools for Synthetic Genome Design

Nucleic Acid Labeling Market top 10 companies are Enzo Biochem Inc, GE Healthcare, Marker Gene Technologies Inc, Merck KGaA, Thermofisher Scientific Inc, Vector Lavoratories Inc, Agilent Technologies, Promega Corporation, New England Biolabs and General Electric Company.

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