Global Molecular Biology Kits and
Reagents and Enzymes Market to Witness
17.2% CAGR During 2016 – 2022
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Molecular Biology Kits & Reagents and Enzymes Market
The global molecular biology kits and reagents and enzymes market was
valued at $4,928.3 million in 2015 and it is expected to grow at a CAGR of
17.2% during 2016 - 2022. The molecular biology kits and reagents and
enzymes market is growing due to increasing geriatric population,
increasing prevalence of infectious diseases, and growing cases with genetic
disorders. In addition, increasing healthcare expenditure resulting in
improvement in research activities is further driving the market growth.
Based on product, kits and reagents accounted for the largest market in the
global market in 2015, and it is expected to witness 17.7% CAGR during
2016 – 2022. Among the various applications, sequencing segment is
expected to witness the fastest growth during the forecast period.
Whereas, among and user user hospital segment is expected to witness the
fastest growth during the forecast period.
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Molecular Biology Kits & Reagents and Enzymes Market
Geographically, North America has been globally the largest market of
molecular biology kits and reagents and enzymes, owing to the improvement in
research and development activities and increasing cases with genetic
disorders in the region. Furthermore, increase in number of pharmaceutical
and biotechnology companies are also driving the market growth in this region.
However, the molecular biology kits and reagents and enzymes market is
expected to witness fastest growth in Asia-Pacific, with a CAGR of 17.8% during
the forecast period. The high growth is attributed to increasing awareness
about molecular biology kits and reagents and enzymes and increasing cases
with molecular diagnostics in the region.
Molecular Biology Kits & Reagents and Enzymes Market
The information and data in the publication “Global Molecular Biology Kits
and Reagents and Enzymes Market Size, Share, Development, Growth and
Demand Forecast to 2022” represent the research and analysis of data from
various primary and secondary sources. An amalgamation of bottom-up
and top-down has been used to calculate the market size. P&S Market
Research analysts and consultants interacted with the authorities from
leading companies of the concerned domain to substantiate every value of
data presented in the report. The company bases its primary research on
discussions with prominent professionals and analysts in the industry, which
is followed by informed and detailed online and offline research.
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Molecular Biology Kits & Reagents and Enzymes Market
Molecular biology kits and reagents and enzymes helps in detecting specific
sequences in DNA or RNA. In addition, they help in detection of infectious
diseases, genetic disease screening, human leukocyte antigen typing,
extraction and purification of nucleic acid and detection of amplified nucleic
acid. However, the high cost of molecular biology kits and reagents and
enzymes as well the privacy issues related to genetic information act as the
key restraints in the growth of the market. High cost of these kits and
reagents and enzymes limits the affordability of the users, and hampering
the growth of the market.
Some of the competitors in the global molecular biology kits & reagents and
enzymes market are Thermo Fisher Scientific, Inc., Merck KGAA, Qiagen
N.V., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, Becton, Dickinson
and Company, Promega Corporation, New England Biolabs, Inc., Illumina,
Inc. and Takara Bio Inc.
Molecular Biology Kits & Reagents and Enzymes Market
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