According to a new market report published by Lucintel, the future of the molecular biology enzyme and kit & reagent market looks promising with opportunities in academic & research institutes, pharmaceutical & biotechnology companies, hospitals, and diagnostic centers. The global molecular biology enzyme and kit & reagent market is expected to grow with a CAGR of 17.5% from 2020 to 2025. The major drivers for this market are growing research activities and R&D investments in the life science industry, rising demand for genomic research, and increasing prevalence of chronic and infectious diseases.
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Molecular biology enzymes are natural proteins produced by living organisms (animals, plants, and bacteria) and are highly selective biochemical catalysts. Molecular biology reagents are chemicals used in molecular biology reactions to optimize the workflow. In this market, kits & reagents and enzymes are the major products. Lucintel forecasts that kits & reagents will remain the largest product segment over the forecast period due to growing demand for kits & reagents in research as well as diagnostic processes.
Within this market, PCR will remain the largest application segment over the forecast period due to the increasing demand for molecular diagnostics and the detection of various diseases.
North America will remain the largest region over the forecast period due to the presence of a large number of pharmaceutical and biotechnology companies & a well-established healthcare infrastructure and increasing research activities in the field of genomics in the region.
Thermo Fisher Scientific, Merck, Illumina, QIAGEN, Promega, Agilent, Roche, and Bio Basic are among the major suppliers in the global molecular biology enzyme and kit & reagent market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global molecular biology enzyme and kit & reagent market by product, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Molecular Biology Enzyme and Kit & Reagent Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global molecular biology enzyme and kit & reagent market by product, application, end user, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Kits & Reagents
Enzymes
Polymerases
Ligases
Restriction Endonucleases
Reverse Transcriptases
Phosphatases
Proteases and Proteinases
Other Enzymes
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
PCR (Polymerase Chain Reaction)
Sequencing
Cloning
Epigenetics
Restriction Digestion
Synthetic Biology
Other Applications
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Academic & Research Institutes
Pharmaceutical & Biotechnology Companies
Hospitals & Diagnostic Centers
Other End Users
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.