PUNE, India, September 8, 2016 /PRNewswire/ --
According to a new market research report "Molecular Biology Enzymes and Kits & Reagents Market by Product (Kits & Reagents, Enzymes), Application (PCR, Sequencing, Cloning), End User (Academic & Research Institutes, Hospitals & Diagnostic Centers) - Trends & Global Forecasts to 2021", published by MarketsandMarkets, This report studies the market for the forecast period of 2016 to 2021. This market is expected to reach 12.69 Billion by 2021 from USD 5.77 Billion in 2016, growing at a CAGR of 17.1%.
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Browse 102 market data Tables and 43 Figures spread through 184 Pages and in-depth TOC on "Molecular Biology Enzymes and Kits & Reagents Market"
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A number of factors such as technological advancements in the life sciences industry, increased research activities in the pharmaceutical and biotechnology sectors, rising incidences of infectious diseases and genetic disorders, and successful completion of Human Genome Project are expected to drive the growth of the Molecular Biology Enzymes Market during the forecast period.
In this report, the molecular biology enzymes and kits & reagents market is segmented on the basis of product, application, end user, and region. Based on product, Molecular Biology Enzymes Market is categorized into kits & reagents and enzymes. The kits & reagents segment is expected to account for the largest share of the market in 2016. This segment is also estimated to grow at the faster growth rate during the forecast period (2016-2021).
Based on application, the molecular biology enzymes and kits & reagents market is segmented into PCR, sequencing, restriction digestion, cloning, epigenetics, and synthetic biology, among others. The PCR segment is expected to account for the largest share of the market in 2016. However, the sequencing segment is expected to grow at the highest CAGR during the forecast period.
On the basis of end user, the Molecular Biology Enzymes Market is segmented academic & research institutes, hospitals & diagnostic centers, and pharmaceutical & biotechnology companies, among other end users. The academic & research institutes segment is expected to account for the largest share of the market in 2016. However, the hospitals & diagnostic centers are projected to grow at the highest CAGR during the forecast period.
Geographically, the molecular biology enzymes and kits & reagents market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, the Middle East, and Africa). North America is expected to account for the largest share of the molecular biology enzymes and kits & reagents market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is projected to grow at the highest CAGR and serves as a revenue pocket for companies offering molecular biology enzymes and kits & reagents.
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Prominent players in the global Molecular Biology Enzymes Market include Thermo Fisher Scientific, Inc. (U.S.), Merck KGaA (Germany), New England Biolabs, Inc. (U.S.), Promega (U.S.), Illumina, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), F. Hoffmann-la Roche Ltd. (Switzerland), Takara Bio Inc. (Japan), QIAGEN N.V. (The Netherlands), and Becton, Dickinson and Company (U.S.)
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