The report covers forecast and analysis for the molecular methods market on a global and regional level. The study provides historic data from 2016 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the molecular methods market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the molecular methods market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the molecular methods market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product and services segment is benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the molecular methods market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the molecular methods market on global and regional basis.
Molecular biotechnology has increased the applications of molecular methods. Technologies like immunoassay, polymerase chain reaction (PCR), microarray, and biosensors are commonly used molecular methods.
Factors such as growing applications in food safety testing, favorable government policies, growing investment in development of new methods, and technological advancements will act as major driving factors in the growth of global molecular methods market. Launch of new products and increase in applications will act as an opportunity for the market players in the molecular methods market. Nonetheless, lack of awareness, high cost of specialized products, and dearth of skilled researchers in low-income countries will restrict the growth of global molecular methods market.
The global molecular methods market has been split into product, technology, and region. Based on product, molecular methods market has been segmented into consumables & reagents, instrument, and services. The consumables & reagents segment accounted for the highest market share in 2018 due to availability of a extensive range of kits and reagents. The technology segment has been segmented into immunoassay, polymerase chain reaction (PCR), microarray, biosensors, and others. The polymerase chain reaction (PCR) segment accounted for the highest market share in 2018 due to multiple advantages of PCR technology.
North America will be the leading region during the forecast period. High investment in molecular biology research and development, and presence of major companies will boost the market growth in this region. Europe is expected to be the second major market. The key reasons are presence of skilled researchers and high healthcare expenditure. Asia Pacific will grow at rapid rate over the forecast time-frame due to launch of novel products. The market in Latin America will grow at a substantial rate during the estimate period. The Africa and Middle Eastern region is expected to exhibit definite progression in the anticipated time-frame.
The report also includes detailed profiles of key players such as NEOGEN CORPORATION, QIAGEN, Veredus Laboratories, 3M, Thermo Fisher Scientific, Inc., bioMérieux SA, Bio-Rad Laboratories, Inc., HiMedia Laboratories, SGS SA, Eurofins Scientific, and ArcherDX, Inc. among others.
Global Molecular Methods Market: By Product
Global Molecular Methods Market: By Technology
Global Molecular Methods Market: By Region