Molecular Weight Marker Market is Expected to Grow at Constant CAGR of 12% by 2023 with F Hoffmann-La Roche AG, Thermo Fisher Scientific, Agilent Technologies, Sigma-Aldrich, VWR

The global molecular weight marker market was estimated at USD 372.72 million in 2017. The market is expected to register a CAGR of 12% during the forecast period (2018-2023). North America accounted for the largest market share, accounting for around 35% of the global market, while Asia-Pacific is estimated to register the fastest CAGR during the forecast period.

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R&D Investments
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. In 2017, an investment of USD 1.4 million by the Magnotta Foundation to fund Lyme disease research, which requires specific study of these disease characteristics through the use of molecular markers, increased the focus on the use of molecular markers in molecular biology. The University of Leeds has also invested GBP 17 million on structural biology research, which would further involve the use of molecular markers in more than 50% of their research activities. These huge investments on research in specific areas that involve molecular markers, along with the increasing focus on molecular research biology, are expected to drive the growth of the molecular marker market over the forecast period.

Key Developments in the Market
November 2017: VWR Corporation was acquired by Avantor Inc.
August 2017: Thermo Fisher Scientific acquired Patheon NV
January 2017: Agilent Technologies completed the acquisition of Multiplicom NV

Major Key Players:
F Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Agilent Technologies, Sigma-Aldrich (Subsidiary of Merck KGaA), VWR International, Qiagen, Takara Bio Inc., Bio-Rad Laboratories, Promega Corporation, and New England Biolabs, among others.

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Shortage of Skilled Professionals
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. Many developing or underdeveloped countries still lack a proper laboratory, which is required for the research activities that involve molecular markers. Although developed countries have these facilities to conduct research smoothly, they lack in the area of skilled professionals who are required to carry out further activities, due to which these laboratories are used for other areas of research after sometime. Many people specializing in the breeding of plants involving molecular markers tend to opt for other areas, as this is only a small part in the complete research process. Due to the shortage of skilled professionals and strict government rules, the use molecular markers in research is rather restricted.

North America to Dominate the Market Growth
North America has the highest share in the market studied, accounting for around 35% of the global market in 2017. The North American market is highly driven by the presence of many large research laboratories and biotechnology in the United States. Asia-Pacific is the fastest-growing region for molecular weight marker and portrays huge potential for growth in the future, owing to the immense economic developments and rising presence of biotechnology companies in the region.

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This release was published on openPR.