Canada Nucleic Acid Isolation And Purification Market Size & Outlook
Canada nucleic acid isolation and purification market, 2018-2028 (US$M)
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Canada nucleic acid isolation and purification market highlights
- The Canada nucleic acid isolation and purification market generated a revenue of USD 232.9 million in 2020 and is expected to reach USD 598.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 12.5% from 2021 to 2028.
- In terms of segment, kits & reagents was the largest revenue generating product in 2020.
- Instruments is the most lucrative product segment registering the fastest growth during the forecast period.
Nucleic acid isolation and purification market data book summary
| Market revenue in 2020 | USD 232.9 million |
| Market revenue in 2028 | USD 598.0 million |
| Growth rate | 12.5% (CAGR from 2020 to 2028) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Instruments |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Instruments |
| Key market players worldwide | Qiagen NV, Thermo Fisher Scientific Inc, Illumina Inc, Danaher Corp, Roche Holding AG ADR, Merck KGaA, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Takara Bio Inc, Promega |
Other key industry trends
- In terms of revenue, Canada accounted for 5.6% of the global nucleic acid isolation and purification market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. nucleic acid isolation and purification market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 598.0 million by 2028.
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Nucleic Acid Isolation And Purification Market Scope
Nucleic Acid Isolation And Purification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nucleic acid isolation and purification market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nucleic acid isolation and purification market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 75.83% in 2020. Horizon Databook has segmented the Canada nucleic acid isolation and purification market based on kits & reagents, instruments covering the revenue growth of each sub-segment from 2018 to 2028.
The market for nucleic acid isolation & purification in Canada is growing at a considerable pace. Factors such as improving government initiatives, active participation of market entities, and extensive R&D are lucrative for the market’s regional growth. The essential role of nucleic acid isolation & purification in sequencing and gene profiling is one of the major factors responsible its growth in Canada.
The nation’s federal government allotted around USD 1.1 million under its Western Diversification Program, in support of innovations in life sciences. Through this, the government of Canada supported the purchase of nucleic acid purification infrastructure, which is used in the assembly of biological devices.
A study on the critical role of DNA extraction for the detection of mycobacteria in tissues evaluated the qualitative & quantitative parameters that enable molecular detection of the mycobacteria in infected tissue areas. This study was conducted by Research Institute of the McGill University Health Centre. More such research projects in the space are expected to continue driving the regional growth in the market over the forecast period.
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Target buyers of Canada nucleic acid isolation and purification market databook
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Our clientele includes a mix of nucleic acid isolation and purification market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nucleic acid isolation and purification market , including forecasts for subscribers. This country databook contains high-level insights into Canada nucleic acid isolation and purification market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Canada nucleic acid isolation and purification market size, by product, 2018-2028 (US$M)
Canada Nucleic Acid Isolation And Purification Market Outlook Share, 2020 & 2028 (US$M)
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