Molecular Biology Enzymes and Kits & Reagents Market by Product, Application, End User - Trends & Global Forecasts to 2021
NEW YORK, Sept. 15, 2016 /PRNewswire/ -- The molecular biology enzymes and kits & reagents market is projected to reach USD 12.69 billion by 2021 from USD 5.77 billion in 2016, growing at a CAGR of 17.1% during the forecast period of 2016 to 2021. The growth of the overall molecular biology enzymes and kits & reagents market include technological advancements in the life science industry, increased research activities in the pharmaceutical and biotechnology sector, rising incidences of infectious diseases and genetic disorders, and successful completion of human genome project.
The kits & reagents segment is expected to account for the largest share of the molecular biology enzymes and kits & reagents market, by product, in 2016. Increasing utilization of reagents in the research activities and growing use of kits in the molecular diagnostic assays attribute to the largest share of kits & reagents segment. The PCR segment is expected to account for the largest share of the molecular biology enzymes and kits & reagents market, by application length, in 2016. Increasing adoption of PCR in research activities by majority of the end user is the major factor for attributing to the growth of this market. The academic & research institutes segment is expected to account for the largest share of molecular biology enzymes and kits & reagents market, by end user. The largest share of this segment is attributed to the increasing research activities backed by the government research funding to the academic & research activities.
North America is expected to account for the largest share in the molecular biology enzymes and kits & reagents market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of the North American region can be attributed to increasing research funding in applied markets; rising number of pharmaceutical & biotechnology companies; increasing prevalence of conditions involving molecular diagnostics, backed by reimbursement in the U.S.; and investments into research projects in Canada. Asia-Pacific is expected to witness the highest growth rate in the forecast period, mainly due to the increasing government interest in biomedical and biotechnology industries in China, presence of bioclusters in China, outsourcing of clinical research activities in China, conferences & meetings in Japan. Growing pharmaceutical industry backed by government initiatives in India, development of bioclusters in India, Korea-U.S. free trade agreement, and initiatives by non-profit organizations in Asia-Pacific.
The global molecular biology enzymes and kits & reagents market witnesses' high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (new product launches, acquisitions, and geographical expansions) to increase their market shares and to establish a strong foothold in the global market. .
Prominent players in the in the molecular biology enzymes and kits & reagents 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.)
OBJECTIVES OF THE STUDY:
- To define and measure the global molecular biology enzymes and kits & reagents market on the basis of product, application, end user, and region
- To identify key micromarkets1 and their drivers within the global molecular biology enzymes and kits & reagents market, which are expected to show impressive growth opportunities in the coming years
- To identify the trends and opportunities for stakeholders in the market and provide details of the competitive landscape for major market leaders
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and growth opportunities)
- To forecast the size of the market segments with respect to four main regions, namely, North America (U.S. and Canada), Europe (Germany, U.K., France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and the Rest of the World (Latin America and Middle East & Africa)
- To strategically analyze the market structure and profile the key players of the global molecular biology enzymes and kits & reagents market and comprehensively analyze their core competencies2
- To track and analyze competitive developments such as partnerships, agreements, and collaborations; expansions; acquisitions; and new product launches
Target Audience:
- Manufacturing companies of molecular biology enzymes and kits & reagents
- Suppliers and distributors of molecular biology enzymes and kits & reagents
- Research institutes and academic centers
- Pharmaceutical and biopharmaceutical companies
- Biotechnology companies
- Business research and consulting service providers
- Venture capitalists
Scope of the Report:
This research report categorizes the molecular biology enzymes and kits & reagents market into the following segments and sub-segments:
Molecular Biology Enzymes and Kits & Reagents Market, by Product
- Kits & Reagents
- Enzymes
o Polymerases
o Ligases
o Restriction Endonucleases
o Reverse Transcriptases
o Phosphatases
o Proteases and Proteinases
o Other Enzymes
Molecular Biology Enzymes and Kits & Reagents Market, by Application
- PCR
- Sequencing
- Cloning
- Epigenetics
- Restriction Digestion
- Synthetic Biology
- Other Applications
Molecular Biology Enzymes and Kits & Reagents Market, by End User
- Academic & Research Institutes
- Hospitals & Diagnostic Centers
- Pharmaceutical & Biotechnology companies
- Other End Users
Molecular Biology Enzymes and Kits & Reagents Market, by Region
- North America
o U.S.
o Canada
- Europe
o Germany
o France
o U.K.
o RoE
- Asia-Pacific
o Japan
o China
o India
o RoAPAC
- RoW
o Latin America
o Middle East and Africa
Read the full report: http://www.reportlinker.com/p04141088-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Share this article