Overview and Scope
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.
Sizing and Forecast
The molecular biology enzymes & kits & reagents market size has grown rapidly in recent years. It will grow from $18.33 billion in 2023 to $21.1 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to genomic research advancements, biotechnology industry growth, diagnostic and therapeutic advancements, focus on genomic sequencing, advancements in cloning techniques.
The molecular biology enzymes & kits & reagents market size is expected to see rapid growth in the next few years. It will grow to $38.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to automation and high-throughput solutions, regenerative medicine focus, tissue engineering applications, rna interference techniques. Major trends in the forecast period include biotechnology and life sciences growth, pcr-based technologies, proteomics advancements, drug discovery applications, stem cell research expansion, collaborations and research funding.
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Segmentation & Regional Insights
The molecular biology enzymes & kits & reagents market covered in this report 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
North America was the largest region in the molecular biology enzymes, kits, and reagents market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molecular biology enzymes & kits & reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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. 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 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.
Key Industry Players
Major companies operating in the molecular biology enzymes & kits & reagents market report 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, ADS Biotec Inc., Goldsite Diagnostics Inc., GE Healthcare, Lucigen Corporation, Bio Basic Inc., Bioo Scientific Corporation, Bioline, Biotechrabbit GmbH, BioWORLD, Epicentre, Hamilton Company, Omega Bio-tek, Sigma-Aldrich, Zymo Research, Abcam plc.
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. Global Molecular Biology Enzymes & Kits & Reagents Market Size and Growth
……
31. Global Molecular Biology Enzymes & Kits & Reagents Market Competitive Benchmarking
32. Global Molecular Biology Enzymes & Kits & Reagents Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Molecular Biology Enzymes & Kits & Reagents Market
34. Molecular Biology Enzymes & Kits & Reagents Market Future Outlook and Potential Analysis
35. Appendix
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