Global Molecular Biology Enzymes, Kits, and Reagents Market 2019-2023 | 16% CAGR Projection Over the Next Five Years | Technavio

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/Energy?src=hash" target="_blank"gt;#Energylt;/agt;–The global molecular biology enzymes, kits, and reagents market is
expected to post a CAGR of more than 16% during the period 2019-2023,
according to the latest market research report by Technavio.

There is a rise in genetic disorders such as cancer and other congenital
disability globally. Also, the infectious diseases caused by pathogens
such as bacteria, viruses, and fungi are on the rise. Such incidences
are pushing many researchers and scientists to opt molecular biology
enzymes, kits, and reagents for diagnosis for various infections. The
increased focus toward molecular biology among researchers can be
attributed to its high impact on diagnosing and treating diseases using
gene therapy and gene recombinant vaccines. The high prevalence of
chronic and infectious diseases is one of the key drivers contributing
to the growth of the global molecular biology enzymes, kits, and
reagents market during the forecast period.

This market research report on the global
molecular biology enzymes, kits, and reagents market 2019-2023
also provides an analysis of the most critical trends expected to impact
the market outlook during the forecast period. Technavio classifies an
emerging trend as a significant factor that has the potential to
significantly impact the market and contribute to its growth or decline.

In this report, Technavio highlights the technological advances in the
life sciences industry as one of the key emerging trends in the global
molecular biology enzymes, kits, and reagents market.

Global molecular biology enzymes, kits, and
reagents market: Technological advancements in the life sciences industry

The surge in the number of chronic diseases globally has increased the
need for technologically advanced personalized medicines. Researchers
are modifying enzyme properties to create desired features. Such enzyme
technology is also used in the pharmaceutical industry to develop drugs
to cure various diseases. Technological advances like recombinant DNA
technology require molecular biology enzymes, kits, and reagents for
successful protein expression and cell extraction. Many such advances in
the life sciences industry will increase the growth of the overall
market.

“Many vendors are offering molecular biology enzymes, kits, and reagents
globally to support the demand. For example, Lucigen is offering
products like cloning kits and vectors, modifying enzymes, and reverse
transcriptase enzymes. New England Biolabs is also offering a
comprehensive menu of reagents for use in DNA sample preparation, RNA
sample preparation, and PCR applications. The increasing advances among
several other vendors will drive the growth of the market during the
forecast period,” says an analyst at Technavio.

Global molecular biology enzymes, kits, and
reagents market: Segmentation analysis

This market report segments the global molecular biology enzymes, kits,
and reagents market by end-user (biotechnology and pharmaceutical
companies, hospitals and diagnostic centers, and academic institutes and
research organizations) and geography (Asia, Europe, North America, and
ROW).

North America led the market in 2018 with a market share of more than
39%, followed by Europe, Asia, and ROW respectively. The dominance of
North America can be attributed to the presence of many vendors that
offer molecular biology enzymes, kits, and reagents in the region.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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