Molecular biology enzymes, kits and
reagents find their usage across a wide range of applications, such as, life
science research, diagnostic testing and drug discovery, research and
development. Molecular biology products are used for the analysis of cell
surface markers that act as diagnostic and/or therapeutic targets. Polymerase
chain reaction (PCR) that includes RT-PCR, qPCR, preparative PCR among others
is one of the most commonly used diagnostic and preparative procedures in
molecular biology. It can also be utilized in applications such as gene
expression analysis, diagnostics and DNA fingerprinting that made PCR one of
the largest application segments of this market in past few years. Current
ongoing research and development activities in most of the biotechnology and
drug manufacturing companies will augment the growth of this market.
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The molecular biology enzymes market
can be categorized into seven major segments, namely, proteases and
proteinases, ligases, polymerases, phosphatases, restriction endonucleases, reverse
transcriptases and other molecular biology enzymes. Whereas the molecular
biology kits and reagents market can be categorized into six major application
segments, namely, PCR, epigenetics, cloning, restriction digestion, sequencing
and other applications.
Some of the major driving factors
for the growth of this market include increasing research and development
activities in biotechnology research and drug discovery, rising number of
applications for these enzymes & reagents and increasing demand for new and
improved enzymes & reagents. Increasing number of life science and
research-based organizations worldwide has induced high number of research and
development activities, hence in turn, this has added to the growing demand for
enzymes and reagents. Rising number of applications for these enzymes and
reagents such as, gene expression analysis, a large number of diagnostic tests,
and DNA fingerprinting among others will also augment the growth of this market
in future. Increasing use of these enzymes and reagents in biotechnology and
pharmaceutical companies as well as academic institutions have caused an
increase in demand for new and improved products, which will further add to
this market’s growth. Also, government initiatives in biotechnology industry
will boost the demand from this market; hence in turn will add to the growth in
demand for molecular biology enzymes, kits and reagents. However, factors such
as lack of skilled workforce and huge patent repositories with only a few
global players may act as restraints to the growth of this market.
Geographically, North America holds
the leadership in the global molecular biology enzymes, kits and reagents
market followed by Europe. Key factors responsible for their leading position
in this market are high number of research and development activities along
with rising demand for new and improved enzymes and reagents in the region.
However, Asia Pacific region is expected to show a rapid growth in this market
in future due to several notable factors. Such factors include increasing
number of life science and drug discovery research institutes with increasing
number of research and development activities and increasing government
initiatives to promote research in biotechnology institutions in the region.
This causes huge demand for various molecular biology enzymes and reagents,
which will further augment the growth of this market in the region.
Some of the major players operating
in this market are Affymetrix, Inc., Agilent Technologies, Enzymatics,
Illumina, Inc., New England Biolabs, Inc., QIAGEN, F. Hoffmann-La Roche Ltd.,
Sigma-Aldrich Co. LLC, Takara Bio, Inc. and Thermo Fisher Scientific, Inc.
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This research report analyzes this
market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
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- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
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