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12% CAGR of growth in the Molecular Weight Marker Market during the forecast period, 2018 to 2023| Major Players - F HOFFMANN-LA ROCHE AG, THERMO FISHER SCIENTIFIC INC., AGILENT TECHNOLOGIES, SIGMA-ALDRICH, VWR INTERNATIONAL, QIAGEN, amongst others
Market Analysis:North America to Dominate the Market Growth
The market for North America is highly driven by the presence of many large research laboratories and biotechnology in the United States. Asia-Pacific is fastest growing region for molecular weight marker and portrays huge potential for growth in the future owing to the immense economic developments and rising biotechnology companies in this region.
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One of the major factors responsible for driving the growth of the global molecular market is the investments being made in the R&D of molecular biology, which involves the use of molecular markers. These huge investments for research in specific areas that involve molecular markers and also by increasing focus on the molecular research biology are expected to drive the growth of molecular markers market over the forecast period. Lack of skilled professionals in the field of molecular weight markers, to conduct the research process and use these markers efficiently, is restricting the use of molecular weight markers in the market. Due to the shortage of skilled professionals and strict government rules reasons, the use molecular markers in the research is restricted.
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Market Segments:
Molecular Weight Marker Market is segmented by:
1. PRODUCT TYPE: DNA MARKERS, PROTEIN MARKERS, RNA MARKERS
2. APPLICATION: NUCLEIC ACID APPLICATIONS (PCR, SEQUENCING, NORTHERN BLOTTING, SOUTHERN BLOTTING, MOLECULAR CLONING, OTHERS), PROTEOMICS APPLICATIONS (WESTERN BLOTTING, GEL EXTRACTION, OTHERS)
3. MARKER TYPE: PRESTAINED MARKERS, UNSTAINED MARKERS, SPECIALITY MARKERS
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments
• November 2017: VWR Corporation is acquired by Avantor, Inc.
• August 2017: Thermo Fisher Scientific Acquired Patheon N.V.
• January 2017: Agilent Technologies completed the acquisition of Multiplicom N.V.
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