Molecular Cloning Service Market Trends and Forecast
The future of the global molecular cloning service market looks promising with opportunities in the laboratory and research institute markets. The global molecular cloning service market is expected to grow with a CAGR of 13.4% from 2024 to 2030. The major drivers for this market are increasing demand for customized genetic constructs, advancements in genetic engineering technologies, and rising applications in pharmaceutical and biotech industries.
• Lucintel forecasts that restriction enzyme cloning is expected to witness the highest growth over the forecast period.
• Within this market, laboratory is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Molecular Cloning Service Market
• United States: Several biotech firms like Thermo Fisher and New England Biolabs have expanded their molecular cloning service offerings, targeting increased efficiency in genetic research, supported by government grants for genomic research.
• China: Key players such as BGI Genomics are focusing on developing advanced cloning technologies to enhance agricultural genetics, supported by government initiatives promoting biotechnology innovation.
• Germany: Companies like Eurofins Genomics are aiming to streamline cloning services to support personalized medicine research, aligning with national goals to advance healthcare through genomic technologies.
• India: Startups like Xcelris Labs are scaling up molecular cloning services, catering to a growing demand in biopharmaceutical research, with support from government schemes promoting biotech entrepreneurship.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Molecular Cloning Service Market by Segment
The study includes a forecast for the global molecular cloning service market by type, application, and region.
Molecular Cloning Service Market by Type [Value from 2018 to 2030]:
• Restriction Enzyme Cloning
• Primer Amplification Cloning
• Gene Library Cloning
• Gene Mutation Cloning
• Genomic Cloning
Molecular Cloning Service Market by Application [Value from 2018 to 2030]:
• Laboratory
• Research Institute
• Others
Molecular Cloning Service Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Molecular Cloning Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies molecular cloning service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the molecular cloning service companies profiled in this report include-
• Vectorbuilder
• BioservUK
• Genscript
• Urofins Genomics
• Innoprot
• Genewiz
• Bio-Fab Research
• Origene
• Prospec-Tany Technogene
• Addgene
Recent Development in the Molecular Cloning Service Market
• Thermo Fisher Scientific: Thermo Fisher announced the expansion of its molecular cloning service capabilities with the introduction of new CRISPR-based cloning technologies, aimed at enhancing efficiency and precision in genetic engineering applications.
• GenScript Biotech Corporation: GenScript launched a novel automated molecular cloning platform that promises to significantly reduce turnaround times for gene synthesis and cloning projects, catering to the growing demand for faster research and development cycles in biotechnology.
• Integrated DNA Technologies (IDT): IDT unveiled a partnership with a leading academic research institution to develop customized molecular cloning solutions for specific gene editing applications, focusing on advancing therapeutic development in rare diseases.
• Eurofins Genomics: Eurofins Genomics introduced a streamlined online portal for molecular cloning services, offering researchers easy access to a range of cloning vectors and customizable cloning strategies, aimed at accelerating experimental workflows in molecular biology.
• Bio-Rad Laboratories: Bio-Rad Laboratories launched a high-throughput robotic platform for molecular cloning, designed to automate repetitive cloning tasks and improve reproducibility in large-scale genomic studies, addressing the demand for scalable cloning solutions in pharmaceutical research.
Features of the Global Molecular Cloning Service Market
Market Size Estimates: Molecular cloning service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Molecular cloning service market size by type, application, and region in terms of value ($B).
Regional Analysis: Molecular cloning service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the molecular cloning service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the molecular cloning service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for molecular cloning service market?
Answer: The global molecular cloning service market is expected to grow with a CAGR of 13.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the molecular cloning service market?
Answer: The major drivers for this market are increasing demand for customized genetic constructs, advancements in genetic engineering technologies, and rising applications in pharmaceutical and biotech industries.
Q3. What are the major segments for molecular cloning service market?
Answer: The future of the molecular cloning service market looks promising with opportunities in the laboratory and research institute markets.
Q4. Who are the key molecular cloning service market companies?
Answer: Some of the key molecular cloning service companies are as follows:
• Vectorbuilder
• BioservUK
• Genscript
• Urofins Genomics
• Innoprot
• Genewiz
• Bio-Fab Research
• Origene
• Prospec-Tany Technogene
• Addgene
Q5. Which molecular cloning service market segment will be the largest in future?
Answer: Lucintel forecasts that restriction enzyme cloning is expected to witness the highest growth over the forecast period.
Q6. In molecular cloning service market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the molecular cloning service market by type (restriction enzyme cloning, primer amplification cloning, gene library cloning, gene mutation cloning, and genomic cloning), application (laboratory, research institute, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Molecular Cloning Service Market Market, Molecular Cloning Service Market Market Size, Molecular Cloning Service Market Market Growth, Molecular Cloning Service Market Market Analysis, Molecular Cloning Service Market Market Report, Molecular Cloning Service Market Market Share, Molecular Cloning Service Market Market Trends, Molecular Cloning Service Market Market Forecast, Molecular Cloning Service Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.