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Market Research on Molecular Biology Enzymes, Kits, and Reagents Industry Trends and Innovations.
Molecular Biology Enzymes & Kits & Reagents Market
As per the report, 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 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%.
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Rising Prevalence Of Infectious Diseases Fuels Growth In The Molecular Biology Enzymes, Kits, And Reagents Market
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.
Technological Innovations Transforming Enzymes, Kits, And Reagents In Disease Detection Market
Technological innovation is a key trend gaining popularity in the molecular biology enzymes, kits, and reagents market. 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 March 2021, 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. This innovative reagent offers RNA extraction and free sample preparation that directly facilitates the detection of COVID-19 diseases. With this innovation, COVID-19 testing labs now have a new tool that enables them to skip the workflow stage of RNA extraction that may be bottlenecked and go straight to the step of polymerase chain reaction (PCR) amplification.
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
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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.
Contents of the report:
1. Executive Summary
2. Molecular Biology Enzymes & Kits & Reagents Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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