DNA Extraction Kits Market, By Product (Cell-free DNA, Genomic DNA, and Others), By Application (PCR, Sequencing, Cloning, and Others), By Sample Type (Blood, tissue & FFPE, Cells, and Others), By End User (Healthcare Facilities, Pharmaceutical and Biotechnology Company, Research Institutes, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI5230

Pages :165

Formats :

Excel and PDF

Industry : Biotechnology

Market Concentration and Competitive Landscape

DNA Extraction Kits Market Concentration By Players

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Increase in the Prevalence of Genetic Disorders and Chronic Diseases

About 80% of rare diseases are genetic in origin. Therefore, genome sequencing-based diagnosis offers a promising alternative for rare-disease management. The number of rare diseases is around 7,000, and most of them are usually chronically debilitating or even life-threatening. Genomics is driving a fundamental shift in rare disease diagnosis, from symptom analysis to molecular etiology assessment, and hence will drive the demand for DNA extraction kits. Increase in the prevalence of genetic disorders is expected to drive the growth of the global DNA extraction kits market over the forecast period. For instance, according to data published on February 27, 2023, by the World Health Organization, it was estimated that 240,000 newborns die worldwide within 28 days of birth every year due to genetic disorders. Genetic disorders further results in 170,000 deaths globally of children between the ages of 1 month and 5 years every year.

Key Players Insights