Nucleic Acid Labelling Market Growth Analysis | 2023-2028

Market Insights

The nucleic acid labelling market was estimated at USD 2.15 billion in 2022 and is likely to grow at a CAGR of 8.47% during 2023-2028 to reach USD 3.49 billion in 2028.

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What is nucleic acid labelling?

Nucleic acid is defined as an important class of macromolecules that is found in all cells and viruses. It stores genetic information in biological systems. It comprises two types of namely deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). Nucleic acids can be labelled with tags that enable purification or detection. Some of the commonly used labels include biotin, radioactive phosphates, fluorophores, and enzymes.

COVID-19 Impact

COVID-19 outbreak impacted the growth of the nucleic acid labelling market positively as the polymerase chain reaction (PCR) based molecular biology method was being widely used for the detection of coronavirus. Additionally, due to certain limitations associated with the current nucleic acid diagnostic methods, the demand for more advanced methods increased. This is likely to propel the market growth at a significant during the review period.

Key Players

Key players operating in the market are-

• PerkinElmer, Inc. (UK),
• Enzo Biochem Inc. (The U.S),
• Vector Laboratories, Inc. (The U.S),
• F. Hoffmann LA-Roche AG (Switzerland),
• New England Biolabs (The U.S),
• Cytiva (The U.S),
• Promega Corporation (The U.S),
• Thermo Fisher Scientific Inc. (The U.S),
• Agilent Technologies, Inc. (The U.S),
• Merck KGaA (Germany).

Market Dynamics

The growth of the nucleic acid labelling market is primarily driven by the high prevalence of molecular disorders which has resulted in increased demand for nucleic acid-based detection techniques.

• It is being widely used in disease risk management, prenatal tests, and infectious disease testing.
• Ongoing research and development activities to offer advanced products associated with nucleic acid detection are expected to create lucrative opportunities for the players operating in the global market.
• The lack of skilled professionals in this sector is likely to hamper the market growth.

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Segment Analysis

By Application Type

Based on application, the market has been segmented into DNA sequencing, polymerase chain reaction, In situ hybridization, microarrays, and others.

• The in-situ segment accounted for the largest market share in 2022.
• The segment growth can be attributed to the increasing use of in situ hybridization techniques in the diagnosis of various genetic disorders.

Regional Insights

Geographically, the market in North America accounted for the largest market share in 2022 and is expected to continue its dominance over the forecast period owing to the easy accessibility of new diagnostic solutions coupled with the presence of key market players such as Enzo Biochem Inc. (The U.S) and Vector Laboratories, Inc. (The U.S). The market in the Asia-Pacific region is projected to register the fastest growth during the review period on account of the increasing penetration of key players in developing countries particularly India and China coupled with high demand for advanced diagnostic solutions.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The nucleic acid labelling market is segmented into the following categories.

By Product Type

• Reagents & Kits (Labels, Probes)
• Services

By Method Type

• Enzyme-based (PCR, Others)
• Chemical-based (Conjugation, Photoreaction)

By Application Type

• DNA Sequencing
• Polymerase Chain Reaction
• In Situ Hybridization (FISH)
• Microarrays
• Others

By End-User Type

• Diagnostics
• Therapeutics
• Research

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

The following is a list of the customers that the Nucleic Acid Labelling market aims to convert the most:

• Nucleic acid labeling manufacturers
• Nucleic acid labeling suppliers
• Nucleic acid labeling distributors
• Organizations
• Government bodies

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by End-User type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.