The global molecular biology kits and
reagents and enzymes market was valued at $4,928.3 million in 2015 and it is expected
to grow at a CAGR of 17.2% during 2016 - 2022. The molecular
biology kits and reagents and enzymes market is
growing due to increasing geriatric population, increasing prevalence of infectious
diseases, and growing cases with genetic disorders. In addition, increasing
healthcare expenditure resulting in improvement in research activities is
further driving the market growth.
Based on product, kits and reagents accounted
for the largest market in the global market in 2015, and it is expected to
witness 17.7% CAGR during 2016 – 2022. Among the various applications, sequencing
segment is expected to witness the fastest growth during the forecast period.
Whereas, among and user user hospital segment is expected to witness the
fastest growth during the forecast period.
Explore Report
with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/molecular-biology-kits-and-reagents-and-enzymes-market
Molecular biology kits and reagents and enzymes
helps in detecting specific sequences in DNA or RNA. In addition, they help in
detection of infectious diseases, genetic disease screening, human leukocyte
antigen typing, extraction and purification of nucleic acid and detection of
amplified nucleic acid. However, the high cost of molecular biology
kits and reagents and enzymes as well the privacy issues related to genetic
information act as the key restraints in the growth of the market. High cost of
these kits and reagents and enzymes limits the affordability of the users, and hampering
the growth of the market.
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