The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s molecular biology enzymes and kits and reagents market report forecasts the molecular biology enzymes and kits and reagents market size to grow to $31.55 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

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Molecular Biology Enzymes And Kits And Reagents Market Size Forecast
The global molecular biology enzymes and kits and reagents market is expected to grow from $15.90 billion in 2022 to $18.24 billion in 2023, at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The molecular biology enzymes, kits, and reagents market is expected to grow to $31.55 billion in 2027 at a CAGR of 14.7%.

North America held the largest molecular biology enzymes and kits and reagents market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Molecular Biology Enzymes And Kits And Reagents Market Driver ­– Rise In The Prevalence Of Infectious Diseases
For instance, in July 2022, according to the Australian Institute of Health and Welfare, an organization that provides data and statistics about Australia’s welfare and health, the cases of modifiable infectious diseases in Australia grew from 2.89 million cases in 2020 to 7.02 million cases in 2021. It shows a significant growth in the total number of cases of infectious diseases. Therefore, the increase in the incidence of infectious diseases is driving the growth of the molecular biology enzymes, kits, and reagents market.

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Key Molecular Biology Enzymes And Kits And Reagents Market Trend – Technological Innovation
Major market players are creating innovative technologies to identify diseases faster by removing bottlenecks in the process. Such innovations enable key players to gain a competitive edge in the market. For instance, in September 2020, Promega Corporation, a US-based company specializing in developing and manufacturing enzymes and other products for the life science research industry, launched XpressAmp Direct Amplification Reagents. This innovative reagent offers RNA extraction and free sample preparation that directly facilitates the detection of COVID-19 diseases. With this innovation, COVID-19 testing labs now have a new tool that enables them to skip the workflow stage of RNA extraction that may be bottlenecked and go straight to the step of polymerase chain reaction (PCR) amplification.

Molecular Biology Enzymes And Kits And Reagents Market Segment
1) By Product: Kits and Reagents, Enzymes, Polymerases, Ligases, Restriction Endonucleases, Reverse Transcriptases, Other Enzymes
2) By Application: Sequencing, Cloning, PCR, Epigenetics, Restriction Digestion, Other Applications
3) By End Users: Academic and Research Institutes, Pharmaceutical and Biotechnology companies, Hospitals and Diagnostic Centers, Other End Users

Molecular Biology Enzymes And Kits And Reagents Market Major Players and Strategies
Major players in the molecular biology enzymes and kits and reagents market are Thermo Fisher Scientific Inc., Merck & Co. Inc., Promega Corporation, New England Biolabs Inc., Illumina Inc., Takara Bio USA Holdings Inc., QIAGEN, Agilent Technologies Inc., F Hoffmann-La Roche AG, Bio-Rad Laboratories Inc., LGC Group, Jena Bioscience GmbH, Molecular Biology Resources Inc., Integrated DNA Technologies Inc., Randox Laboratories Inc., ADS Biotec Inc., and Goldsite Diagnostics Inc.

In June 2021, Danaher Corporation, a USA-based company specializing in developing and manufacturing industrial and medical products, acquired Aldevron LLC for $9.6 billion. Through this acquisition, Danaher will increase its skills in the crucial area of genomic medicine and better serve its customers in their urgent drive to quickly release additional life-saving treatments and vaccines. Aldevron LLC is a USA-based manufacturing company that develops plasmid DNA, RNA, proteins, and enzymes to serve pharmaceutical and biotechnology companies.

The Molecular Biology Enzymes And Kits And Reagents Global Market Report 2023 covers regional data on molecular biology enzymes and kits and reagents market size, molecular biology enzymes and kits and reagents market trends and drivers, opportunities, strategies, and molecular biology enzymes and kits and reagents market competitor analysis. The countries covered in the molecular biology enzymes and kits and reagents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The molecular biology enzymes, kits, and reagents refer to the identification and isolation of DNA or RNA fragments from a complex mixture of nucleic acids for drug discovery and development studies and clinical investigations of candidate drug molecules. Pharmaceutical companies use these in cloning, analysis, and sequencing of RNA, DNA, and proteins, DNA isolation, and protein analysis.

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