Understand How The Molecular Biology Enzymes And Kits And Reagents Market Is Poised To Grow Through 2023-2032
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
As per The Business Research Company’s Molecular Biology Enzymes And Kits And Reagents Global Market Report 2023, the molecular biology enzymes and kits and reagents market is expected to show significant growth in the forecast period.
Key insights from the molecular biology enzymes and kits and reagents market forecast include:
- Market Size
The global molecular biology enzymes, kits, and reagents market is projected to increase from $15.90 billion (2022) to $18.24 billion (2023), with a 14.7% CAGR. By 2027, it is anticipated to reach $31.55 billion, growing at a 14.7% CAGR.
- Major Driver
The surging prevalence of infectious diseases will drive the molecular biology enzymes, kits, and reagents market. For instance, in July 2022, the Australian Institute of Health and Welfare reported a substantial increase in modifiable infectious disease cases in Australia, rising from 2.89 million cases in 2020 to 7.02 million cases in 2021. This significant growth indicates a rising incidence of infectious diseases, thus propelling market growth.
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- Key Trend
Technological advancement is a prominent trend in the molecular biology enzymes, kits, and reagents market. Major players are pioneering technologies to expedite disease detection by eliminating process bottlenecks, gaining a competitive edge. For example, in September 2020, US-based Promega Corporation introduced XpressAmp Direct Amplification Reagents, enabling direct COVID-19 detection by combining RNA extraction and sample preparation, bypassing a potential bottleneck in the workflow. This innovation streamlines COVID-19 testing labs’ processes, allowing them to proceed directly to PCR amplification.
- Largest Region
North America was the largest region in the molecular biology enzymes, kits, and reagents market share in 2022.
- Major Players
Major players in the food diagnostics 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.
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Key Molecular Biology Enzymes And Kits And Reagents Market Segments
The global molecular biology enzymes and kits and reagents market is segmented –
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
The Molecular Biology Enzymes And Kits And Reagents Global Market Report 2023 provides an in-depth analysis on the molecular biology enzymes and kits and reagents market size, trends and drivers, opportunities, strategies, and companies 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.
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