Existing Nucleic Acid Purification Market
The scientific research market is the largest and fastest growing region in the global nucleic acid purification market. Participating in the development of this market and gaining a leading position will bring the company significant revenue.
In order to occupy the research market, the company has cooperated with key business partners in different regions to actively expand the types of reagents, focusing on the promotion of high unit price extraction products. The Maelstrom Switch 8 is expected to be launched next year to satisfy users' needs for diversity in testing. The gearbox switchable modules can be replaced on the same instrument to perform volume extraction of different samples. This cost-effective feature is competitive in the market, and was deeply impressed by customers at this year's American Association for Clinical Chemistry (AACC), adding motivation to the company's revenue. TANBead is also developing cell therapy-related products to expand its product line and increase product diversity. According to Roots Analysis, the market for cellular therapy consumables is growing at a compound rate of 20% per year. It’s expected that this product line can provide a certain degree of revenue growth in the future.
