Global molecular biology enzymes, reagents and kits market size to record 11% CAGR through 2027

Description: The research report on ‘Global molecular biology enzymes, reagents and kits market’ meticulously studies this industry vertical, highlighting the predominant trends, growth driving factors, challenges, and opportunities that will shape the business dynamics during 2020-2027.

Description: The research report on ‘Global molecular biology enzymes, reagents and kits market’ meticulously studies this industry vertical, highlighting the predominant trends, growth driving factors, challenges, and opportunities that will shape the business dynamics during 2020-2027.

As per credible estimates, global molecular biology enzymes, reagents and kits market was remunerated at USD 12.7 billion in 2019 and is expected to record a 11% CAGR over the analysis period. The growth is attributable to increasing number of new molecular kits and reagents owing to rising pervasiveness of genetic disorder as well as infectious diseases, coupled with technological advancements in life science sector.

According to the report, global molecular biology enzymes, reagents and kits market is assessed with respect to product landscape, application spectrum, end-use scope, and geographical terrain. Besides, it also mentions the competitive arena of this industry along with market share and product offerings of listed firms.

Furthermore, strategic alliances adopted by industry partakers to gain a competitive edge are also documented. Additionally, it takes into consideration recommendation by the analyst to help businesses face existing and upcoming challenges.

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Citing an instance, Asuragen Inc. introduced a new AmplideX PCR/CE SMN1/2 Plus Kit in November 2019, that offers easy-to-use products for complex testing in genetics and oncology and is well-suited with several thermal cycling equipment. Also, Agilent Technologies, in January 2020, launched a new SureSelect XT HS2 DNA Kit, to tackle the obstacles faced by researchers at the time of preparation of DNA sequencing libraries. This advanced kit helps the researchers choose appropriate workflow that matches their demands. These initiatives by major industry partakers are fueling global molecular biology enzymes, reagents and kits industry expansion and generating new revenue streams.

For those unfamiliar, molecular biology enzymes, reagents and kits are widely used across various fields such as research & development, diagnostic testing, life science research, and drug discovery. They are generally utilized for assessment of cell surface makers which functions as a diagnostic and/or therapeutic target.

Despite the promising profit trajectory of global molecular biology enzymes, reagents and kits industry, factors such as hefty cost along with restricted reimbursements for genetic testing are likely to negatively impact the business expansion.

Market segmentations:

Based on product landscape, the market is divided into digital templating and preoperative planning software, enzymes, and kits & reagents. Speaking of application spectrum, global molecular biology enzymes, reagents and kits market is split into epigenetics, PCR, sequencing, cloning, and others. Moving on to end-use scope, the industry is bifurcated into hospital & diagnostic, academic & research, and pharma & biotech.

To access a sample pages of this report titled “Global Molecular Biology Enzymes, Reagents and Kits Market Size study, by Product (Kits & Reagents, Enzymes), by Application (Cloning, Sequencing, PCR, Epigenetics, Others), by End-Use (Pharma & Biotech, Academic & Research, Hospital & Diagnostics) and Regional Forecasts 2020-2027” in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-molecular-biology-enzymes-reagents-and-kits-market-size-research

Regional report:

North America presently accounts for considerable share of global molecular biology enzymes, reagents and kits market and is posed to witness significant gains over the estimated timeframe, on account of concentration of major vendors and rising funding for genomics research.

On the other hand, Asia Pacific global molecular biology enzymes, reagents and kits industry is slated to grow substantially through 2027, owing to increasing drug discovery research and life science activities in developing economies including India and China.

Global Molecular Biology Enzymes, Reagents and Kits Market Product Landscape (Revenue, USD Billion, 2017-2027)

· F. Hoffmann-La Roche Ltd. 
· Takara Bio, Inc.
· Qiagen
· Bio-Rad Laboratories, Inc.
· Merck KGaA
· Illumina, Inc.
· Thermo Fisher Scientific, Inc.
· Agilent Technologies, Inc.
· Promega Corporation
· New England Biolabs

Related Report:

Global Clinical Microbiology Market Size and Regional Forecasts 2020-2027

Global Clinical Microbiology Market is valued approximately at USD 3.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2020-2027. Clinical Microbiology consists of wide range of testing methodologies and is used to study or identify any microbes that cause infection in humans. It helps to understand the disease and further includes the treatment of the infectious diseases caused by fungus, parasites, bacteria, viruses and other microorganism. The rising technological advancements in disease diagnostics, growing incidence of infectious diseases and outbreaks of epidemics as well as increased funding and public-private investments are the few factors responsible for growth of the market over the forecast period.

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