Press release
Reverse Transcriptase Enzyme Market size is expected to grow at a CAGR of 3.4% from 2022 to 2030
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Global Reverse Transcriptase Enzyme Market Definition
The reverse transcriptase enzyme is used to form complementary DNA (cDNA). The reverse transcriptase enzyme, also known as RNA-directed DNA polymerase, is encoded from retroviruses that catalyze the transcription of retrovirus RNA (ribonucleic acid) into DNA (deoxyribonucleic acid). The discovery of reverse transcriptase in retroviruses was made by David Baltimore and Howard Temin in 1970, which revolutionized molecular biology and laid the foundations for retrovirology and cancer biology. They also received the 1975 Nobel Prize for Physiology or Medicine. Various research institutions are working to find the process to treat chronic and major diseases using this enzyme.
COVID-19 Impact on the Global Reverse Transcriptase Enzyme Market
The COVID-19 pandemic created havoc worldwide and led to the downfall of many industries. The same applies to the global reverse transcriptase market. The consumer demand was subsequently reduced due to the elimination of non-essential expenses by people severely affected by the outbreak, especially financially. The aforementioned factors are expected to affect the revenue generation by the global reverse transcriptase market over the forecast period. However, as the governing authorities across the world started releasing lockdowns and situations started to normalize, industries became capable of returning to previous operations. Now with the ever-strong healthcare industry created amid covid-19, there is a huge opportunity for the reverse transcriptase enzyme market to grow in the forecast timeline.
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Scope of the Global Reverse Transcriptase Enzyme Market
The study categorizes the reverse transcriptase enzyme market based on type, application, and end-user at the regional and global levels.
By Type (Revenue, USD Million, 2017-2030)
Reagent
Primer
Others
By End-User (Revenue, USD Million, 2017-2030)
Hospitals
Biotech Companies
Others
By Application (Revenue, USD Million, 2017-2030)
Research application
Medical application
Others
By Region Outlook (Revenue, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
the Netherlands
Belgium
Norway
Denmark
Czech Republic
Sweden
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
The Philippines
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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The Research application segment is witnessed to account for the highest market share, by the application
Based on the application, the global reverse transcriptase enzyme market is divided into research applications, medical applications, and others. In 2021, the research application segment accounted for the highest market share in the global reverse transcriptase enzyme market. Due to ongoing research worldwide for the successful treatment of chronic diseases, research application holds the highest market share in the forecast period.
North America accounts for the highest CAGR during the forecast period
Globally, North America is estimated to hold the highest CAGR in the global reverse transcriptase enzyme market during the forecast period. The region includes the countries such as the US, Canada, and Mexico. North America is expected to hold the highest share due to high healthcare expenditure as compared to other regions. The region has advanced research activities conducted by the academic and pharmaceutical industries. The Asia Pacific and Europe also have the scope in the reverse transcriptase enzyme market owing to surging awareness about the product and increasing research activities.
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Key Market Players in the Global Reverse Transcriptase Enzyme Market
Thermo Fisher Scientific
Bio-Rad Laboratories Inc.
Clontech Laboratories Inc. (sub. Takara Bio Company)
Biomatik.
New England Biolabs
QIAGEN
Promega Corporation
AMS Biotechnology (Europe) Limited
Cell Sciences
Eric Martin
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Perkins, Oklahoma 74059, US
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