Global Molecular Biology Enzymes and Kits & Reagents Market to 2027

Molecular Biology Enzymes and Kits & Reagents Size, Trends & Growth Opportunity, By Product (Proteases and Proteinases, Phosphatases, Reverse Transcriptases, Restriction Endonucleases, Ligases, Polymerases, and Others), By Application (Polymerase Chain Reaction, Sequencing, Cloning, Epigenetics, Restriction Digestion, Synthetic Biology, and Others), By Region and Forecast till 2027

Global Molecular Biology Enzymes and Kits & Reagents Market to 2027

Global Molecular Biology Enzymes and Kits & Reagents Market was valued at USD 8.2billion in 2019 which is expected to reach USD 23.25billion by 2027 at a CAGR 5.55%.

Molecular biology enzymes and kids and reagents are used in various applications such as diagnostic testing, drug discovery, research & development, and life science research. These are mainly used for the analysis of cell surface markers that act as diagnostic or therapeutic agents.

Market Drivers

Increase in research and developments as well as increase in investments in research & development activities are the key driving factors which are expected to boost the global molecular biology enzymes and kits & reagents market growth. Furthermore, increase in number of genome projects will have the positive impact on market growth. Moreover, rise in technological advancements in life science industry will fuel the market growth. In addition to that, growing incidences of infectious diseases and genetic disorders will drive the market growth.

Market Restraints

However, a limited reimbursement for genetic testing is the restraining factor which is expected to hamper the global molecular biology enzymes and kits & reagents market growth.

Market Segmentation

Global Molecular Biology Enzymes and Kits & Reagents Market is segmented into product such as Proteases and Proteinases, Phosphatases, Reverse Transcriptases, Restriction Endonucleases, Ligases, Polymerases, and Others, by application such as Polymerase Chain Reaction, Sequencing, Cloning, Epigenetics, Restriction Digestion, Synthetic Biology, and Others. Further, market is segmented into end user such as Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Hospitals & Diagnostic Centers, and Others.

Also, Global Molecular Biology Enzymes and Kits & Reagents Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Thermo Fisher Scientific, Inc., Merck KGaA, Promega Corporation, New England Biolabs, Illumina, Inc., Takara Bio, Inc., Qiagen N.V., Agilent Technologies, Inc, and F. Hoffmann-La Roche Ltd

Market Taxonomy

By Product

• Proteases and Proteinases
• Phosphatases
• Reverse Transcriptases
• Restriction Endonucleases
• Ligases
• Polymerases
• Others

By Application

• Polymerase Chain Reaction
• Sequencing
• Cloning
• Epigenetics
• Restriction Digestion
• Synthetic Biology
• Others

By End User

• Hospitals & Diagnostic Centers
• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Molecular Biology Enzymes and Kits & Reagents Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?