Molecular Biology Enzymes And Kits & Reagents Market Is Projected To Witness Growth Based On Expanding Pharmaceutical & Biotechnology Industry Till 2025:Grand View Research,inc.
The global molecular biology enzymes and kits &
reagents market is expected to reach USD 26.7 billion by 2025,
according to a new report by Grand View Research, Inc. Expanding pharmaceutical
and biotechnology industry in emerging nations is expected to offer significant
growth opportunities to the molecular biology enzymes, kits, and reagents
market. Furthermore, the increasing adoption of personalized medicine is
expected to provide lucrative opportunities to the market.
Technological advancements aimed
at development of advanced products and increasing R&D investments by
leading manufacturers are some of the key factors contributing to increasing
demand for these enzymes, kits, and reagents. In addition, increasing adoption
of molecular diagnostics is expected to serve this industry as a potential
growth driver.
Molecular biology enzymes, kits,
and reagents are majorly used in genomics-related application areas. Increased
funding for research in the field of genomics and sequencing are expected to
augment growth during the forecast period. Furthermore, these products are used
in the drug discovery and development stages in pharmaceutical and
biopharmaceutical companies.
Pharmaceutical and biotechnology
companies contribute to the largest share of the end users of molecular biology
enzymes, kits, and reagents. This dominant share can be attributed to
increasing investments in R&D, expanding biopharmaceutical &
biotechnology industry in the Asia Pacific region, and government initiatives
in various countries to develop the biotechnology & pharmaceutical industry.
Browse full research report on Molecular Biology Enzymes
And Kits & Reagents Market: http://www.grandviewresearch.com/industry-analysis/molecular-biology-enzymes-kits-reagents-market
Further Key Findings From the Study Suggest:
- Kits and reagents held the dominant share of market,
by product, as of 2016 owing to their low costs and incessant product
launches
- Rising number of research activities in molecular
biology application areas amongst the end users is one of the key
contributing factors responsible for the dominance of this product
- The Polymerase Chain Reaction (PCR) segment is
expected to witness lucrative growth in the near future owing to the
benefits associated with its use in molecular diagnostics
- PCR is used in detection and identification of
genetic disorders. Rising geriatric population across the globe is also
expected to drive this market owing to the use of PCR in detecting and
diagnosing geriatric disorders.
- Rising demand for personalized medicine fosters the
demand for sequencing, which further increases the demand for these
enzymes, kits, and reagents
- Pharmaceutical and biotechnology companies held a
dominant share, by end user in 2016
- Rising investments in R&D, expanding
pharmaceutical & biotechnology industry, and increasing venture
capital investments are some of the major factors contributing to the
growth of this segment
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the molecular biology
enzymes and kits & reagents market on the basis of the product,
application, end user, and region:
Molecular Biology Enzymes, Kits, and Reagents Product
Outlook (Revenue, USD Million, 2014 - 2025)
- Kits
and Reagents
- Enzymes
Molecular Biology Enzymes, Kits, and Reagents Application
Outlook (Revenue, USD Million, 2014 - 2025)
- PCR
- Sequencing
- Cloning
- Epigenetics
- Restriction
Digestion
- Synthetic
Biology
- Other
Applications
Molecular Biology Enzymes, Kits, and Reagents Application
Outlook (Revenue, USD Million, 2014 - 2025)
- Pharmaceutical
and Biotechnology Companies
- Academic
and Research Institutes
- Hospitals
and Diagnostic Centers
- Other
End Users
Molecular Biology Enzymes, Kits, and Reagents Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- MEA
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-molecular-biology-enzymes-kits-reagents-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Comments
Post a Comment