Global Molecular Biology Enzymes And Kits And Reagents Market Overall Study Report 2023-2032 | Thermo Fisher Scientific Inc., Merck & Co. Inc., Promega Corporation, New England Biolabs Inc., Illumina Inc.

The Molecular Biology Enzymes And Kits And Reagents Global Market Report 2023 by The Business Research Company, provides molecular biology enzymes & kits & reagents market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Molecular Biology Enzymes And Kits And Reagents Global Market Report 2023, the market size 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 market size of the molecular biology enzymes, kits, and reagents market is expected to grow to $31.55 billion in 2027 at a CAGR of 14.7%.

The rising prevalence of infectious diseases is expected to propel the growth of the molecular biology enzymes, kits, and reagents market. Infectious diseases are illnesses caused by harmful microorganisms such as bacteria, fungi, parasites, and others. The molecular biology enzymes, kits, and reagents help isolate and characterize infectious organisms to control and treat them in patients.

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The molecular biology enzymes & kits & 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

Technological innovation is a key trend gaining popularity in the molecular biology enzymes, kits, and reagents market. 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.

The molecular biology enzymes & kits & reagents market report table of contents includes:

1. Executive Summary

2. Molecular Biology Enzymes & Kits & Reagents Market Characteristics

3. Molecular Biology Enzymes & Kits & Reagents Market Trends And Strategies

4. Molecular Biology Enzymes & Kits & Reagents Market – Macro Economic Scenario

5. Molecular Biology Enzymes & Kits & Reagents Market Size And Growth

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27. Molecular Biology Enzymes & Kits & Reagents Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Molecular Biology Enzymes & Kits & Reagents Market

29. Molecular Biology Enzymes & Kits & Reagents Market Future Outlook and Potential Analysis

30. Appendix

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