Global Molecular Weight Marker Market
Global Molecular Weight Marker Market Overview:
In 2019, the global molecular weight marker market was estimated at $372.72 million. The market is anticipated to record 12% CAGR during the forecast period 2018-2023. North America accounted for the biggest market share, representing around 35% of the global market, while Asia-Pacific is projected to be the fastest CAGR in the forecast period.
R&D Investments:
One of the main variables responsible for driving worldwide molecular market development is investment in molecular biology R&D involving molecular markers. In 2017, the Magnotta Foundation s investment of USD 1.4 million to finance Lyme disease research, requiring study of these disease features using molecular markers, enhanced focus on molecular biology use of markers. The University of Leeds has also invested GBP 17 million in structural biology studies, further involving the use of molecular markers in over 50% of their study operations. These enormous research investments fields involving molecular markers, along with growing focus on molecular study biology, are anticipated to drive molecular marker market growth over the forecast period.
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Skilled Professional Shortage:
Lack of skilled professionals in the field of molecular weight markers to conduct research process and use these markers effectively restricts the use of molecular weight markers on the market. Many developing or underdeveloped countries still lack a proper laboratory for research activities involving molecular markers. Although developed countries have this equipment to perform research smoothly, they are lacking in the region of qualified experts who are needed to carry out further operations, owing to which these laboratories are used after some time for other study fields. Many individuals specializing in plant breeding involving molecular markers tend to opt for other fields, as this is only a tiny component of the study method. Due to the lack of qualified experts and rigid public regulations, the use of molecular markers in studies is rather limited.
North America To Dominate Market Growth:
North America has the highest market share studied, representing around 35% of the global market in 2017. The North American market is driven by the presence of many large U.S. research laboratories and biotechnology. Asia-Pacific is the fastest-growing region for molecular weight markers and depicts enormous potential for future development due to enormous financial changes and increasing presence of biotechnology firms in the region.
Global Molecular Weight Marker Market Key Market Developments:
- November 2017: purchased by Avantor Inc.
- August 2017: Thermo Fisher Scientific purchased Patheon NV January 2017: Agilent Technologies purchased Multiplicom NV.
Global Molecular Weight Marker Market Key players:
F Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Agilent Technologies, Sigma-Aldrich Subsidiary of Merck KGaA , VWR International, Qiagen, Takara Bio Inc., Bio-Rad Laboratories, Promega Corporation, and New England Biolabs, among others.
Reasons for Purchasing Global Molecular Weight Marker Market Report:
Current and Future Market Outlook for Global Central Nervous System Biomarkers in Developed and Emerging Markets Analyzing Various Market Outlooks with the assistance of Porter s Five Forces Analysis The segment expected to dominate Market Regions that are supposed to see the highest development in the forefront
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