Asia-Pacific Molecular Biology Kits & Reagents and Enzymes is Expected to Grow at a CAGR of 18.3% During the Forecast Period

Asia-Pacific is expected to be the fastest growing region in the molecular biology kits & reagents and enzymes market during 2016 - 2022. The major reasons for the fastest growth of the market in this region are improving healthcare infrastructure, increasing prevalence of cancer, increasing geriatric population and increase in R&D spending. In 2015, Japan was the largest contributor to the Asia-Pacific molecular biology kits & reagents and enzymes industry, accounting for a 42.6% share. The Asia-Pacific molecular biology kits & reagents and enzymes is expected to grow at a CAGR of 18.3% during the forecast period, to reach $1,240.4 million by 2022.

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In terms of product, the molecular biology kits & reagents and enzymes market has been segmented into kits & reagents and enzymes. The kits & reagents segment led the molecular biology kits & reagents and enzymes industry in 2015, and it is expected to witness higher growth compared to enzymes, during 2016 - 2022.

In terms of application, the molecular biology kits & reagents and enzymes market has been segmented into PCR, sequencing, cloning, epigenetic, restriction digestion, synthetic biology, and others. The PCR was the largest application of the molecular biology kits & reagents and enzymes industry in 2015, and sequencing is expected to witness the highest growth during 2016 - 2022.

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Some of the competitors in the molecular biology kits & reagents and enzymes market are Thermo Fisher Scientific, Inc., Merck KGAA, Qiagen N.V., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, Becton, Dickinson and Company, Promega Corporation, New England Biolabs, Inc., Illumina, Inc. and Takara Bio Inc.

GLOBAL MOLECULAR BIOLOGY KITS AND REAGENTS AND ENZYMES MARKET SEGMENTATION
By Product
• Kits and Reagents
• Enzymes
o Polymerase
o Ligase
o Restriction Endonuclease
o Reverse Transcriptase
o Phosphatase
o Protease and Proteinase
o Others
By Application
• Polymerase Chain Reaction (PCR)
• Sequencing
• Cloning
• Epigenetic
• Restriction Digestion
• Synthetic Biology
• Others
By End User
• Academic & Research Institute
• Hospital & Diagnostic Center
• Pharmaceutical & Biotechnology Company
• Others
By Geography
• North America - U.S. and Rest of North America
• Europe - U.K., Germany, France and Rest of Europe
• Asia-Pacific - China, Japan, India and Rest of Asia-Pacific
• Latin America - Brazil, Mexico and Others
• Middle East and Africa

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This release was published on openPR.