Global Market Size, Forecast, and Trend Highlights Over 2025-2037
DNA Library Preparation Market size was valued at USD 18.21 billion in 2024 and is set to exceed USD 97.76 billion by 2037, expanding at over 13.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of DNA library preparation is evaluated at USD 20.35 billion.
DNA library preparation plays a significant role in reducing the number of genetic disorders. According to a report published by the World Health Organization (WHO), there are approximately 5,000 to 8,000 rare diseases worldwide, most of which include genetic disorders that affect 400 million citizens. Due to changes in the focus of COVID-19 vaccine development, the transmission of the Coronavirus has led to delays in research and development activities of biopharmaceutical companies in the market preparing letters DNA Institute. In some countries, COVID-19 has led to lockdowns, delaying production in the DNA library preparation kits market.
Additionally, the growth of the DNA library preparation market can also be driven by the increasing incidence of genetic diseases all across the globe. Advances in genetic engineering technology will lead to increased demand for the DNA library preparation industry. In the field of drug discovery and clinical diagnostics, the growing demand for genomics will strengthen the market in the assessment period. Furthermore, rising healthcare expenditure and advancement in healthcare infrastructure all across the globe is estimated to positively influence the market expansion in the review period.
