Nucleic Acid Labelling Market Forecast | 2023-2028

Market Insights

The Nucleic Acid Labelling Market is expected to grow from USD 2.15 Billion in 2022 to USD 3.49 Billion by 2028 at a healthy CAGR of 8.4% during the forecast period of 2023-2028.

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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.

Key Players

Key players operating in the Nucleic Acid Labeling 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), and
• 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 test, and infectious disease testing.
• On-going 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 nucleic acid labelling market.
• The lack of skilled professionals in this sector is likely to hamper the market growth.

Segment Analysis

Application Trends

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

• The in-situ segment accounted for the largest market share in 2020.
• The segment growth can be attributed to increasing use of in situ hybridization technique in diagnosis of various genetic disorders.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing to easy accessibility of new diagnostic solutions coupled with presence of key market players such as Enzo Biochem Inc. (The U.S) and Vector Laboratories, Inc. (The U.S). The market in Asia-Pacific region is projected to register fastest growth during the review period on account of increasing penetration of key players in developing countries particularly India and China coupled with high demand for advanced diagnostic solutions.

COVID-19 Impact on Global Nucleic Acid Labeling Market

Covid-19 outbreak impacted the growth of the nucleic acid labelling market positively as 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.

Critical Questions Answered in the Report

• What are the key trends in the global nucleic acid labeling 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 nucleic acid labelling market?
• What are the key strategies adopted by the major vendors to lead in the global nucleic acid labeling market?
• What is the market share of the top vendors?

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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

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