The growing number of applications of molecular biology enzymes, kits and reagents and other major driving factors is expected to favor the rise in the global molecular biology enzymes & kits & reagents market
Reports and Insights has published a new report titled, “Molecular Biology Enzymes, Kits & Reagents Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Molecular Biology Enzymes & Kits & Reagents Market, By Product (Kits & Reagents, Enzymes, Polymerases, Ligases, Restriction Endonucleases, Reverse Transcriptases, Other Enzymes), By Application (PCR, Sequencing, Cloning, Epigenetics, Restriction Digestion, Synthetic Biology, Other Applications), By End users (Academic & Research Institutes, Pharmaceutical & Biotechnology companies, Hospitals & Diagnostic Centers, Other End Users) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
Molecular biology enzymes are basically natural proteins generated by living organisms such as plants, animals, and bacteria and are extremely discerning biochemical catalysts. Molecular biology enzymes serve across a comprehensive range of applications such as diagnostic testing and drug discovery, life science research as well as other research and development activities.
In addition to that, molecular biology products that are used for assessing cell surface markers and by and large employed for polymerase chain reaction or PCR. This is in conjunction with RT-PCR, qPCR, and other preparative PCRs that serve as a diagnostic or therapeutic target.
One of the primary factors that is majorly responsible for driving the growth of the global molecular biology enzymes & kits & reagents market is the soaring number of research and development activities in biotechnology and drug discovery which is essentially boosting the demand for molecular biology enzymes, kits & reagents across the market.
Moreover, the growing application of molecular biology enzymes, kits and reagents in the domain of gene sequencing and gene mapping is further estimated to offer swift thrust in the demand of molecular biology enzymes & kits & reagents in the near future.
With the same token, the increasing number of genome projects together with lessened genetic analysis costs further aid advanced research in various domains, such as personalized medicine, disease treatment, and microbial genetics is also expected to play a major role in propelling the market growth. Attributing to which, the global molecular biology enzymes & kits & reagents market is anticipated to witness significant growth over the forthcoming years.
Having said that, the deficiency of reimbursement policies for genetic testing is one of the factors which is likely to slow down the growth of the global molecular biology enzymes & kits & reagents market in the coming years.
Reports and Insights Study identifies some of the key participating players in the molecular biology enzymes & kits & reagents market globally are Thermo Fisher, Merck, Illumina, QIAGEN, New England Biolabs, Promega, Agilent, Roche, Takara Bio, Bio Basic, Jena Bioscience, Molecular Biology Resources, Bio-Rad Laboratories, Inc., among others.
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