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.
Looking for more information on this market? Request
for a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
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
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com