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Global Molecular Biology Enzymes And Kits And Reagents Market Size 2032 - Global Industry Sales, Revenue, Consumption Value And Growth
Molecular Biology Enzymes And Kits And Reagents Market Analysis
The Business Research Company's Molecular Biology Enzymes And Kits And Reagents Global Market Report 2023 identifies rising prevalence of infectious diseases as the major driver for the Molecular Biology Enzymes And Kits And Reagents market's growth in the forecast period. The molecular biology enzymes, kits, and reagents help isolate and characterize infectious organisms to control and treat them in patients. For instance, in July 2022, according to the Australian Institute of Health and Welfare, an organization that provides data and statistics about Australia's welfare and health, the cases of modifiable infectious diseases in Australia grew from 2.89 million cases in 2020 to 7.02 million cases in 2021. It shows a significant growth in the total number of cases of infectious diseases. Therefore, the increase in the incidence of infectious diseases is driving the growth of the molecular biology enzymes, kits, and reagents market.
The global molecular biology enzymes, kits, and reagents market size is expected to grow from $15.90 billion in 2022 to $18.24 billion in 2023, at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The molecular biology enzymes, kits, and reagents market is expected to grow to $31.55 billion in 2027 at a CAGR of 14.7%.
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Major competitors in the Molecular Biology Enzymes And Kits And Reagents market are Thermo Fisher Scientific Inc., Merck & Co. Inc., Promega Corporation, New England Biolabs Inc., Illumina Inc., Takara Bio USA Holdings Inc., QIAGEN, Agilent Technologies Inc., F Hoffmann-La Roche AG, Bio-Rad Laboratories Inc
A key trend in the Molecular Biology Enzymes And Kits And Reagents market includes Technological innovation. Major market players are creating innovative technologies to identify diseases faster by removing bottlenecks in the process. Such innovations enable key players to gain a competitive edge in the market. For instance, in September 2020, Promega Corporation, a US-based company specializing in developing and manufacturing enzymes and other products for the life science research industry, launched XpressAmp Direct Amplification Reagents.
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The Molecular Biology Enzymes And Kits And Reagents market is segmented -
1) By Product: Kits and Reagents, Enzymes, Polymerases, Ligases, Restriction Endonucleases, Reverse Transcriptases, Other Enzymes
2) By Application: Sequencing, Cloning, PCR, Epigenetics, Restriction Digestion, Other Applications
3) By End Users: Academic and Research Institutes, Pharmaceutical and Biotechnology companies, Hospitals and Diagnostic Centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Molecular Biology Enzymes And Kits And Reagents market.
The Business Research Company's "Global Molecular Biology Enzymes And Kits And Reagents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Molecular Biology Enzymes And Kits And Reagents Market Include:
1. Executive Summary
2. Molecular Biology Enzymes & Kits & Reagents Market Characteristics
3. Molecular Biology Enzymes & Kits & Reagents Market Trends And Strategies
4. Molecular Biology Enzymes & Kits & Reagents Market - Macro Economic Scenario
5. Molecular Biology Enzymes & Kits & Reagents Market Size And Growth
……
27. Molecular Biology Enzymes & Kits & Reagents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Molecular Biology Enzymes & Kits & Reagents Market
29. Molecular Biology Enzymes & Kits & Reagents Market Future Outlook and Potential Analysis
30. Appendix
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