Vision Research Report, Recently Announced New Report on “molecular biology enzymes, reagents and kits market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “molecular biology enzymes, reagents and kits market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The molecular biology enzymes, reagents and kits research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The molecular biology enzymes, reagents and kits market revenue share is set to grow at a yearly rate of 21.0% during 2021-2030, while its valuation is Projected to jump from $ 22.7 Bn in 2020 to $39.3 Bn in 2030.
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Report Highlights
Kits and reagents dominated the market for molecular biology enzymes and reagents and kits with a revenue share of 68.5% in 2019. This is due to the wide availability of kits and reagents and novel product developments by key companies. For instance, in March 2019, Asuragen, Inc. introduced the AmplideX PCR/CE SMN1/2 Kit that offers a reliable and rapid technique for the detection of SMN2 and SMN1 exon 7 copy number within 4 hours. It is based on a Polymerase Chain Reaction (PCR) and is used for molecular diagnostic purposes.
An exponential rise in the number of COVID-19 cases globally has encouraged biotechnology and healthcare companies to accelerate the production of RT-PCR-based testing kits. As reported in March 2020, Thermo Fisher stated that it has planned to generate up to 5.0 million new tests for the detection of COVID-19. Therefore, an increase in the commercial availability of COVID-19 testing products is expected to drive the demand for kits and reagents used in COVID-19 diagnosis. Enzymes such as Proteinases are used in the diagnosis and have gained momentum as a consequence of the pandemic.
Furthermore, the continuous expansion of cloning technology as a routine laboratory technology has allowed manufacturers to provide numerous enzymes for the generation and manipulation of nucleic acids. This technology has progressed from single DNA fragment cloning to the assembly of multiple DNA fragments into a single contiguous DNA stretch. Therefore, advancement in cloning technology influences the growth of molecular biology enzymes at a lucrative pace during the forecast period.
The sequencing segment accounted for the major revenue share of 34.9% in 2019 in the molecular biology enzymes, reagents and kits market. The segment is expected to grow at a lucrative pace. With the introduction of (NGS), there has been tremendous progress in genetic research and the discovery of human diseases. NGS analysis of tumor epigenomics, genomics, and transcriptomics, drives biomarker discovery for cancer diagnostics and tumor stratification.
The benefits of NGS include detection of the smallest possible mutation, easier combined detection of SNP and larger abnormalities, and most important combination of high-throughput, speed, and resolution. Moreover, a rise in the adoption of personalized medicine through targeted and whole-exome sequencing is expected to drive the demand for sequencing. Thereby, widespread adoption of these technologies accelerates the utilization of molecular biology products under this segment.
In terms of revenue, PCR captured the second-largest revenue share in 2019 in the market for molecular biology enzymes, reagents, and kits. The advent of miniPCR in recent times has made the technique affordable and more portable. On the other hand, the introduction of the droplet digital PCR (ddPCR), which integrates conventional PCR with the fluorescence-activated cell sorting aspects, offers a highly automated and robust technology for the detection of scarce targets in samples. Such advances in PCR technology are expected to drive revenue in this segment.
The pharma and biotech segment dominated the market for molecular biology enzymes and reagents and kits and accounted for the largest revenue share of 36.3% in 2019. An increase in the R&D activities and several ongoing clinical trials in the pharma and biotech firms are driving the demand for molecular biology enzymes and reagents. Furthermore, shifting preferences towards personalized medicine and companion diagnostic has propelled collaborations and mergers with respect to sequencing technology, which subsequently surges the demand for sequencing products.
For instance, QIAGEN entered into a 15-year partnership with Illumina, Inc. to broaden the use of NGS-based in vitro diagnostic kits for patient management in October 2019. This collaboration offers QIAGEN with an opportunity to develop companion diagnostic tests for the evaluation of tumors for potential immunotherapies on the TruSight Oncology assays from Illumina. Such initiatives are also expected to fuel the segment growth at a lucrative pace in the market for molecular biology enzymes, reagents, and kits.
Wide applications of NGS and PCR techniques in academic research projects accelerate the uptake of these products by universities and research centers. As reported in March 2020, researchers at the UNC Medical Center Microbiology and Molecular Microbiology Laboratories explored the usage of NGS for accurate COVID-19 diagnosis. Moreover, arise in funding and investment for these entities are expected to augment the academic and research segment at a considerable CAGR.
North America dominated the market for molecular biology enzymes, reagents, and kits and accounted for the largest revenue share of 45.5% in 2019. Initiatives, such as the Newborn Sequencing in Genomic Medicine and Public Health program by the National Human Genome Research Institute to screen infants for genetic diseases, boost the implementation of NGS technology and its associated reagents and kits.
The U.S.-based companies are undertaking focused efforts to develop technologically advanced products for molecular biology techniques that consequently drive the market for molecular biology enzymes, reagents, and kits in the region. For instance, in May 2019, Pharmozyme, Inc., launched Crystal Taq, which is a cost-effective solution with improved test accuracy. This is the first Taq Polymerase enzyme free from bacterial and animal DNA contamination and reduces PCR background contamination.
In the Asia Pacific, the market for molecular biology enzymes, reagents, and kits is projected to register a lucrative growth rate during the forecast period. Continual development and commercialization of point of care PCR equipment and reagents by the regional players are one of the primary factors influencing the growth of the market in the region. For instance, in May 2020, Fujifilm Wako Pure Chemical Corp., a Japan-based firm, initiated the commercialization of PCR reagents for the automated coronavirus test device.
Global molecular biology enzymes, reagents and kits market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The molecular biology enzymes, reagents and kits trade trends and promoting channels analysed. molecular biology enzymes, reagents and kits Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Market Segmentation
Global Molecular biology enzymes, reagents and kits Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Molecular biology enzymes, reagents and kits market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
molecular biology enzymes, reagents and kits Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world molecular biology enzymes, reagents and kits Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Molecular biology enzymes, reagents and kits Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Molecular biology enzymes, reagents and kits Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Molecular biology enzymes, reagents and kits Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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