Market Research Future (MRFR) has published a cooked research report on the “Global DNA Polymerase Market” that contains information from 2018 to 2032.TheDNA Polymerase market is estimated to register a CAGR of 6.80%during the forecast period of 2023 to 2032
DNA Polymerase Market Highlights
The global DNA Polymerase market is accounted to register a CAGR of 6.80%during the forecast period and is estimated to reach USD 0.6 billion by 2032.
Along with the rise in chronic diseases like cancer and cardiovascular disease, there is an increasing need for diagnostic and therapeutic technology. Post-Covid has enhanced the need for DNA polymerase because PCR, which amplifies information, is significantly dependent on it. Cancer is currently being treated with high-fidelity DNA polymerases more regularly. As DNA polymerases become more expensive, new technologies that require costly enzymes cannot be adopted, which limits the expansion of the DNA polymerase business. Due to the high cost of these polymerases, which certain research labs or medical institutions may not be able to pay, biotechnology breakthroughs have a major effect on the DNA polymerase industry by drastically boosting DNA polymerase pricing.
Key Players:
MRFR recognizes the following companies as the key players in the global DNA Polymerase market— Merck KGaA, Danaher, Thermo Fisher Scientific, Inc., Agilent, Technologies, QIAGEN, Hoffmann-La Roche Ltd, Promega Corporation, New England Biolabs, Bio-Rad Laboratories, Inc., Takara Bio, Inc.
Segment Analysis
The global DNA Polymerase market has been segmented based Type, Application and End User.
On the basis of type, the market is segmented into Taq Polymerase, Pfu Polymerase, and Proprietary Enzyme Blends. The Taq Polymerase segment was attributed to holding the largest market share in 2022. This is because they aid in amplifying a particular DNA sequence and are mostly utilized in PCR
Based on application, the global DNA Polymerase market has been segmented into Polymerase Chain Reaction, DNA Sequencing, DNA Cloning, SNP Analysis, and Next Generation Sequencing. The Polymerase Chain Reaction segment was expected to hold the largest market share in 2022. The amplification technology in diverse molecular biology techniques has made PCR technology vital in a variety of fields.
Based on end user, the global DNA Polymerase market has been segmented into Biopharmaceutical Companies, Academic and Research Institutes, Hospitals and Diagnostic Centers, and Molecular Diagnostic Companies. The Hospitals and Diagnostic Centers segment was expected to hold the largest market share in 2022, because a hospital might create a brand-new PCR-based diagnostic test that calls for a particular DNA polymerase enzyme with improved performance attributes.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of DNA Polymerase Market Research Report
Regional Analysis
The global DNA Polymerase market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe DNA Polymerase market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The DNA Polymerase market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World DNA Polymerase market comprises of Middle East, Africa, and Latin America.
The largest market share for DNA Polymerase was maintained by the North American regional sector, which explains why biotechnology techniques are in such high demand. Many well-known pharmaceutical and biotech firms that heavily invest in the development of novel medications and treatments are based in the region. These businesses fuel the need for DNA polymerases by using them in PCR, DNA sequencing, and genetic modification, among other applications.
Moreover, the Europe market has been persistently growing over the forecast period. This is because of the extensive research being done in this area and the large stakes that all of the major corporations have in it. The market for DNA polymerase has expanded as a result of a rise in mergers and acquisitions and the widespread usage of medical technologies.
Additionally, Molecular diagnostic tests are becoming more and more in demand as infectious diseases and genetic abnormalities become more common. Essential elements of PCR (polymerase chain reaction) and other molecular diagnostic methods are DNA polymerases. The biopharmaceutical sector has had tremendous expansion in the Asia-Pacific area. The synthesis of recombinant DNA for therapeutic proteins is one application of DNA polymerases in biopharmaceutical research and development.
Furthermore, the rest of the world's DNA Polymerase market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising investment in research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global DNA Polymerase market is expected to reach USD 0.6 billion by 2032, at a CAGR of 6.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the Molecular diagnostic tests are becoming more and more in demand as infectious diseases and genetic abnormalities become more common.
- Based on application, the Polymerase Chain Reaction segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- Merck KGaA, Danaher, Thermo Fisher Scientific, Inc., Agilent, Technologies, QIAGEN, Hoffmann-La Roche Ltd, Promega Corporation, New England Biolabs, Bio-Rad Laboratories, Inc., Takara Bio, Inc..
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Companies Covered | 15 |
Pages | 128 |
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