Molecular Biology Kits and Reagents and Enzymes Market Forecast to 2022 | Top Key Players are Thermo Fisher Scientific, Promega Corporation, New England Biolabs, Illumina, Takara Bio Inc., Agilent Technologies

In 2015, the global molecular biology kits and reagents and enzymes market generated a revenue of $4,928.3 million and is predicted to advance at a 17.2% CAGR during the forecast period (2016-2022). The market is registering growth due to the rising expenditure on healthcare, increasing prevalence of cancer and incidence of infectious diseases, surging geriatric population, and rising cases of genetic disorders. Molecular biology kits and reagents and enzymes are products which are utilized for performing DNA sequencing, DNA isolation, polymerase chain reaction (PCR), RNA extraction, RNA analysis, cloning, and protein analysis.

Molecular Biology Kits and Reagents and Enzymes Market Key Players are:
1- Thermo Fisher Scientific
2- Promega Corporation
3- New England Biolabs
4- Illumina
5- Takara Bio Inc.
6- Agilent Technologies

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In terms of product, the molecular biology kits and reagents and enzymes market is bifurcated into kits and reagents and enzymes. Kits and reagents dominated the market during the historical period (2012-2015) and are further projected to account for the larger share of the market during the forecast period. On the basis of end user, the market is classified into hospital & diagnostic center, pharmaceutical & biotechnology company, academic & research institute, and others. Academic & research institutes are expected to hold the largest share of the market during the forecast period.

The increasing healthcare expenditure is another primary factor resulting in the growth of the molecular biology kits and reagents and enzymes market. The surging prevalence of diseases and rising government and non-government initiatives are leading to these increasing investments in the sector. Furthermore, as per the WHO, the rising healthcare expenditure has led to improvement in the healthcare infrastructure. This has further resulted in the increased consumption of molecular biology kits and reagents and enzymes in diagnostic centers & hospitals and academic & research institutes.

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Hence, the market is growing due to the increasing cases of genetic disorders, healthcare expenditure, and prevalence of cancer and infectious diseases.

GLOBAL MOLECULAR BIOLOGY KITS AND REAGENTS AND ENZYMES MARKET SEGMENTATION
By Product
o Kits and Reagents
o Enzymes
o Polymerase
o Ligase
o Restriction Endonuclease
o Reverse Transcriptase
o Phosphatase
o Protease and Proteinase
o Others
By Application
o Polymerase Chain Reaction (PCR)
o Sequencing
o Cloning
o Epigenetic
o Restriction Digestion
o Synthetic Biology
o Others
By End User
o Academic & Research Institute
o Hospital & Diagnostic Center
o Pharmaceutical & Biotechnology Company
o Others

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