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Molecular Biology Enzymes & Kits & Reagents Market Opportunities, Size And Forecast Insights 2024-2033
Molecular Biology Enzymes & Kits & Reagents Market
The Business Research Company presents an extensive market research report on the Molecular Biology Enzymes & Kits & Reagents Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The molecular biology enzymes & kits & reagents market size has grown rapidly in recent years. It will grow from $18.33 billion in 2023 to $21.1 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to genomic research advancements, biotechnology industry growth, diagnostic and therapeutic advancements, focus on genomic sequencing , advancements in cloning techniques.
The molecular biology enzymes & kits & reagents market size is expected to see rapid growth in the next few years. It will grow to $38.02 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to automation and high-throughput solutions, regenerative medicine focus, tissue engineering applications, rna interference techniques. Major trends in the forecast period include biotechnology and life sciences growth, pcr-based technologies, proteomics advancements, drug discovery applications, stem cell research expansion, collaborations and research funding.
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Key Market Players:
Major companies operating in the molecular biology enzymes & kits & reagents market report 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., LGC Group, Jena Bioscience GmbH, Molecular Biology Resources Inc., Integrated DNA Technologies Inc., Randox Laboratories, ADS Biotec Inc., Goldsite Diagnostics Inc., GE Healthcare, Lucigen Corporation, Bio Basic Inc., Bioo Scientific Corporation, Bioline, Biotechrabbit GmbH, BioWORLD, Epicentre, Hamilton Company, Omega Bio-tek, Sigma-Aldrich, Zymo Research, Abcam plc.
Market Drivers:
The rising prevalence of infectious diseases is expected to propel the growth of the molecular biology enzymes, kits, and reagents market. Infectious diseases are illnesses caused by harmful microorganisms such as bacteria, fungi, parasites, and others. 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 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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/molecular-biology-enzymes-and-kits-and-reagents-global-market-report
The molecular biology enzymes & kits & reagents market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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