DNA Polymerase Market Revenue is expected to Surpass US$ 389.4 Mn by 2027

The global DNA polymerase market is estimated to reflect 6.5% CAGR to reach market valuation of nearly US$ 390 Mn by the end of 2027, reported by Future Market Insights (FMI) ; Drivers and Trends : High rise in the use of DNA polymerases in molecular diagnosis kits and point-of-care is anticipated to continue to impact adoption of DNA polymerases. Rising use of DNA polymerases in epigenetics research as well as rising investment in life science R&D is anticipated to fuel the growth of the market. On the other hand, availability of alternative techniques and increased cost of reagents are projected to decline growth of the market during the assessment period.

Expansion of eukaryotic DNA polymerase category, by product type is likely to be positively influenced by the launch of different innovative products like high-fidelity DNA polymerase that exhibit excellent results in blood and other samples containing crude lysates. Such products have been utilized in direct PCR applications, with limited sample processing that have been continuous requirement particularly for high throughput applications. Moreover, the use of technologies based on PCR in point-of-care tests, companion diagnostics and other applications have propelled the growth of DNA polymerase market.

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Molecular Diagnostic Companies to Secure Nearly One-third Market Share by 2027-end : Manufacturers of DNA polymerases are stepping into distribution agreements to expand product reach as well as collaborations to ensure they secure market share and continue to maintain competitive position in the market. The eukaryotic DNA polymerase segment is anticipated to secure highest market share, expanding at 6.7% CAGR throughout the assessment period. In terms of revenue, molecular diagnostics companies, among end-use segment are estimated to procure nearly one-third share of the market by the end of 2027. Whereas, research and academic institutes segment is projected to grow at single-digit CAGR during the assessment period.

Regional Analysis of Market : Geographically, the global DNA polymerase market has been segmented into the Middle East & Africa, North America, Asia Pacific Excluding Japan, Eastern Europe, Japan, Latin America, and Western Europe. The report forecasts major trends driving each segment of the market and provides analysis and insights on DNA polymerase market over particular regions. With maximum market share, the North America is anticipated to retain its dominance in the global DNA polymerase market during the forecast period and estimated to procure more than half revenue share of the market. The market in Latin America is anticipated to expand at fast pace, in terms of value, witnessing expansion at 7.8% CAGR throughout the forecast period. Asia Pacific Excluding Japan DNA polymerase market is projected to exhibit significant expansion during the forecast period.

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Vendor Insights : Promega Corporation, Thermo Fisher Scientific Inc, Agilent Technologies, New England Biolabs, Qiagen NV, Merck KGaA, Takara Bio Company, Genscript, Illumina, and Roche Diagnostics are some prominent market players representing in the DNA polymerase market, profiled in the report. The report also consists of key strategies of these players to maintain their competitive position in the market.

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This release was published on openPR.