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Global nucleic acid analyzer market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The nucleic acid analyzer is equipment that measures DNA, oligonucleotide and RNA calculations, protein assays, and others.
The factors that are playing a major role in the growth of nucleic acid analyzer industry are the rising occurrence of infectious diseases like genetic diseases and cancer, the rising demand for technological enhancement in R&D laboratories, and the rising demand from end-users. However, the lack of trained personnel’s, the availability of alternatives, and the high cost may restrain the overall market growth in the years to come. Nucleic acid analyzer market is segmented based on type, application, end-user, and region.
Semi-automatic and fully automatic nucleic acid analyzer are the types that could be explored in a nucleic acid analyzer in the forecast period. The fully automatic sector accounted for the substantial share of the nucleic acid analyzer industry and is estimated to lead the overall market in the years to come.
The market may be characterized based on applications like DNA and RNA analysis with microfluidics technology, microfluidic protein characterization analysis, and others could be explored in a nucleic acid analyzer in the forecast period. DNA and RNA analysis sector accounted for the significant share of the nucleic acid analyzer market and is estimated to continue its dominance in the years to come.
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Based on the end-user, food safety, medical research, clinical, and others could classify nucleic acid analyzer in the forecast period. Medical research sector accounted for the significant share of the nucleic acid analyzer industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising R&D activities, the government initiative by funding for the research activities like drug discovery and others, and its use in molecular diagnostics.
Globally, North America accounted for the substantial share of the nucleic acid analyzer market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of developed research centers, the rising government initiative by funding the R&D activities, the presence of key manufacturers in the region, and the high demand from the end-users.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of the nucleic acid analyzer in this region. The key players of the nucleic acid analyzer industry are Shimadzu, Bio-Rad, and Thermo Fisher Scientific. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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