Molecular Biology Enzymes, Kits, and Reagents Market is expected to reach US$ 41,104.71 million by 2028

Enzymes Segment to Register Higher CAGR During 2021–2028

According to our new research study on “Molecular Biology Enzymes, Kits, and Reagents Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and End User,” the market is expected to reach US$ 41,104.71 million by 2028 from US$ 15,715.48 million in 2022; it is estimated to grow at a CAGR of 17.8% from 2022 to 2028. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the molecular biology enzymes, kits, and reagents market is attributed to a few key driving factors such as healthy funding for genomics, declining cost of sequencing procedures, and increasing prevalence of chronic diseases. However, the dearth of skilled professionals hinders the market growth.

Based on product, the molecular biology enzymes, kits, and reagents market is bifurcated into enzymes and kits & reagents. The market, by enzymes, is further segmented into polymerases, ligases, reverse transcriptases, phosphatases, proteases and proteinases, restriction endonuclease, and other.

The market, by kits & reagents, is further segmented into PCR, lyophilisable and air dryable, NGS, cDNA synthesis, isothermal amplification, DNA extraction, and others. The market, by PCR, is further segmented into Real-time PCR/ quantitative real-time PCR (qPCR), reverse transcriptase PCR (RT-PCR), multiplex PCR, and others.

The kits & reagent segment held a larger market share in 2020, and the same segment is estimated to register a higher CAGR during the forecast period. Increasing research and development activities coupled with growing number of product launches drive the market growth for this segment. Moreover, rising utilization of genome sequencing technologies are estimated to propel the demand for reagents & kits, which would ultimately boost the market growth for the reagents & kits segment by 2028.

The molecular biology enzymes, kits, and reagents market is witnessing substantial growth amid COVID-19 pandemic. The majority of the healthcare research organizations, market players, and academic centers are actively engaged in the research and development activities to develop new vaccines and therapeutic platforms for novel coronavirus that causes COVID-19. This extensive rise in research and development activities is expected to boost the demand for molecular biology kits and reagents, which, in turn, would drive the growth of the molecular biology enzymes, kits, and reagents market in coming years.

THERMO FISHER SCIENTIFIC INC; Illumina, Inc.; Qiagen; Agilent Technologies, Inc.; F. HOFFMANN-LA ROCHE LTD; Merck KGAA; Jena Bioscience GmbH; Bioline Technologies; Promega Corporation; and Rockland Immunochemicals Inc are among the leading companies operating in the molecular biology enzymes, kits, and reagents market.

Molecular Biology Enzymes, Kits, and Reagents Market, by Region, 2020 (%)

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Molecular Biology Enzymes Kits and Reagents Market Report 2028

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Molecular Biology Enzymes, Kits, and Reagents Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Enzymes and Kits & Reagents), Application (Epigenetics, Sequencing, Synthetic Biology, Polymerase Chain Reaction, Cloning, and Other), and End User (Biotechnological & Pharmaceutical Companies, Hospitals & Diagnostic Centers, and Academic & Research Institutes)

The report segments molecular biology enzymes, kits, and reagents market as follows:

By Product

• Enzymes
  • Polymerases
  • Ligases
  • Reverse Transcriptases
  • Phosphatases
  • Proteases and Proteinases
  • Restriction Endonuclease
  • Other
• Kits and Reagents
  • Lyophilisable and air dryable
  • NGS
  • PCR

• Real-time PCR/ quantitative real-time PCR (qPCR)
• Reverse transcriptase PCR (RT-PCR)
• Multiplex PCR
• Others

• • cDNA synthesis
  • isothermal amplification
  • DNA extraction
  • others

By Application

• Epigenetics
• Sequencing
• Synthetic Biology
• Polymerase Chain Reaction
• Other

By End User

• Biotechnological and Pharmaceutical Companies
• Hospitals and Diagnostic Centres
• Academic and Research Institutes

By Geography

• North America
  • • US
    • Canada
    • Mexico
• Europe
  • • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
• Asia Pacific (APAC)
  • • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
• Middle East & Africa (MEA)
  • • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
• South and Central America (SCAM)
  • • Brazil
    • Argentina
    • Rest of SCAM

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