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According to The Business Research Company’s Global Market Report 2023 on Ligases Enzyme, the market is projected to increase from $2.59 billion in 2022 to $2.89 billion in 2023, with a 11.3% CAGR. By 2027, the global ligases enzyme market is expected to reach $4.37 billion, growing at a 10.9% CAGR.

What was the major driver in the ligases enzyme market?
Rising cancer and genetic disorder cases are set to boost the ligase’s enzyme market. Cancer involves abnormal cell growth and spread, while genetic disorders stem from DNA abnormalities. Ligases enzymes are vital for DNA processes. In cancer, they repair DNA, promoting uncontrolled cell growth. Ligases can also target and eliminate cells with genetic disorders. For instance, the CDC reported 1,603,844 new cancer cases and 602,347 deaths in the US in 2020, with 403 new cases and 144 deaths per 100,000 people. Gene People UK noted that 1 in 25 UK children have genetic conditions, totaling over 2.4 million affected individuals, with 30,000 new diagnoses annually. Hence, rising cancer and genetic disorders drive the ligase’s enzyme market.

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What was the key trend in the ligases enzyme market?
Innovative products are a prominent trend in the microscope market. Major players in the ligase enzyme market focus on developing innovative ligase enzymes to maintain their market position. For example, in December 2021, Norway’s ArcticZymes Technologies ASA launched ArcticZymes R2D Ligase, a patent-pending ligase with unique specificity for DNA-to-RNA ligation using a DNA splint. This enzyme finds applications in molecular diagnostics, next-generation sequencing, gene and RNA synthesis, and potential therapeutics. Its distinctive substrate specificity enables DNA-to-RNA ligation at both 5′- and 3′-ends in the presence of a DNA template, facilitating various applications due to its high activity and efficiency.

Which was the largest region in the ligases enzyme market?
North America was the largest region in the ligases enzyme market in 2022. Asia-Pacific is expected to be the fastest-growing region in the ligases enzyme market report during the forecast period. The regions covered in ligases enzyme report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the ligases enzyme market prominent players?
Major players in the ligases enzyme market are BASF SE, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Merck KGaA, Becton Dickinson And Company (BD), Agilent Technologies Inc., Illumina Inc., QIAGEN N.V., Novo Holdings AS, GenScript, VWR International, R And D Systems Inc., Promega Corporation, Oxford Nanopore Technologies Limited, Takara Bio Inc., New England Biolabs Inc., BioVision Inc., Enzo Life Sciences, Zymo Research, LGC Biosearch Technologies, Genetix Biotech Asia Pvt. Ltd., BLIRT S.A., Jena Bioscience, Bioline, Creative Enzymes, and ArcticZymes Technologies ASA.

Key ligases enzyme market segments
The global ligases enzyme market is segmented –
1) By Type: E. coli DNA ligase, T4 DNA Ligase, Mammalian Ligases, Thermostable Ligases
2) By Source: Microorganisms, Animal, Plant
3) By Application: Ligase Chain Reaction (LCR), Ligase Detection Reaction (LDR), Next-Generation Sequencing (NGS), Repeat Expansion Detection (RED), Rolling Circle Amplification (RCA), Proximity Ligation Assay (PLA), Molecular Cloning, Ligation Mediated PCR, Mutation Detection
4) By End-User: Research Laboratories And Institutions, Pharmaceutical And Biopharmaceutical Companies, Diagnostic Laboratories

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The Ligases Enzyme Global Market Report 2023  provides a comprehensive overview on the ligases enzyme market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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