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Research details developments in the Latin American nucleic acid isolation and purification market that will reach USD 0.46 billion by 2021

Research details developments in the Latin American nucleic acid isolation and purification market that will reach USD 0.46 billion by 2021

Nucleic acid isolation and purification is a primary step in molecular biology studies and recombinant DNA techniques. Nucleic acid isolation and purification is a set of molecular biology techniques used for the extraction and purification of DNA and RNA for use in downstream applications.

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According to the report “Latin America Nucleic Acid Isolation And Purification Market By Product (Kits, Reagents, Instruments), Technology (Column Based, Reagent Based, Magnetic Bead Based), Application (Plasmid DNA, Genomic DNA, Micro RNA, Blood DNA, Messenger RNA, Total RNA, PCR Clean-up) And End Users(Academic And Government Research Institutes, Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Hospitals And Diagnostic Centres) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, The Latin America Nucleic Acid Isolation and Purification Market was worth USD 0.33 billion in 2016 and estimated to be growing at a CAGR of 6.87%, to reach USD 0.46 billion by 2021.

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This technique has wide a range of applications in the field of life science research, genetic engineering, forensics and molecular diagnostics.

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Nucleic acid isolation helps in processing of more sample in less time, minimizes nucleic acid loss ad degradation and increases laboratory efficiency and effectiveness. Purified product can be used in recombinant technology and targeted purposes in research.

Increased government funding for R&D, technological advancements, increased application of the nucleic acid test in molecular diagnostics and demand of pure form of nucleic acid for drug delivery are some of the factors driving the growth of Latin America nucleic acid isolation and purification market. However, low penetration of automated nucleic acid isolation and purification procedure in emerging countries and increasing number of market consolidation are some of the key factors restraining the growth of global nucleic acid isolation and purification market.

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The Latin America Nucleic Acid Isolation and Purification Market is categorised into product, technology, application, end user, and geography. On the basis of product, the market is segmented into reagents, kits and instruments.

Based on different type of technology, the market can be segmented as column based, reagent-based, magnetic bead based and others for DNA and RNA isolation and purification. Application segments of this market includes genomic DNA isolation and purification, micro RNA isolation and purification, blood DNA isolation and purification, mRNA isolation and purification, plasmid DNA isolation and purification, total RNA isolation and purification and PCR clean up.

The end-users of the market are pharmaceutical and biotechnology companies, academic and government research institutes, contract research organizations, hospitals and diagnostic centres.

Geographically, the Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the healthcare division has increased the demand for Nucleic acid isolation and purification.

Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in this market. Latin America has a global share of 12% and increasing at a CAGR of 6.87%.

Key players in the Latin America Nucleic acid isolation and purification market 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..

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