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Molecular Biology Enzymes and Kits & Reagents Market: Geographical Scenario | Emerging Trends & Technological Advancements

 



(IT-NEWSWIRE.COM, May 03, 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"

http://www.marketsandmarkets.com/Market-Reports/molecular-biology-enzymes-kits-reagents-market-164131709.html

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Market 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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Geographical Scenario:



North America is expected to account for the largest share of the molecular biology enzymes and kits & reagents market in 2016. Factors such as 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.



However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The high growth of this region can be attributed to 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.



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Industry Leaders:



The major players 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.)



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