Molecular Biology Enzymes and Kits & Reagents Market: Developing Countries Present Significant Growth Opportunities

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This report studies the molecular biology enzymes and kits & reagents 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%.

(EMAILWIRE.COM, March 21, 2017 ) 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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Major Market Players:

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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Geographical Analysis:

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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Industry Dynamics:

Growth in molecular biology enzymes and kits & reagents market can be attributed to the 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.

On the other hand, privacy issues related to genetic information and unfavorable reimbursement scenario for genetic testing are expected to restraint the molecular biology reagents market growth during the forecast period.

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