Global Molecular Weight Marker Market - Segmented by Type of Product, Application, Marker and Geography - Growth, Trends and Forecasts (2022 - 2030)
The global molecular weight marker market has been estimated at USD 372.72 million in 2017. The market is expected to register a CAGR of 12% during the forecast period, 2018 to 2023. North America accounted for the largest market, accounting for around 35% of the global market share, while Asia-Pacific was estimated to register the fastest CAGR through the forecast period, 2018-2023.
R&D Investments
One of the major factors responsible for driving the growth of the global molecular market is the investments being made in the R&D of molecular biology, which involves the use of molecular markers. In 2017, an investment of USD 1.4 million by the Magnotta Foundation to fund Lyme disease research, which requires specific study of these disease characteristics through the use of molecular markers, increased the focus on use of molecular markers in molecular biology and the University of Leeds also invested GBP 17 million for the structural biology research, which would further involve the use of molecular markers in more than 50% of their research activities. These huge investments for research in specific areas that involve molecular markers and also by increasing focus on the molecular research biology are expected to drive the growth of molecular markers market over the forecast period.
Shortage of Skilled Professionals
Lack of skilled professionals in the field of molecular weight markers, to conduct the research process and use these markers efficiently, is restricting the use of molecular weight markers in the market. Many developing or under developed countries still lack a proper laboratory, which is required for the research activities that involve molecular markers. Although developed countries have these facilities to conduct research smoothly, they lack in the area of skilled professionals who are required to carry out further activities, due to which these laboratories are used for other areas of research after sometime. Many people specializing in the breeding of plants involving molecular markers tend to opt for other areas, as this is only a small part in the complete research process. Due to these shortage of skilled professionals and strict government rules reasons, the use molecular markers in the research is restricted.
North America to Dominate the Market Growth
North America has the highest share in the market, accounting for around 35% of the global market share in 2017. The market for North America is highly driven by the presence of many large research laboratories and biotechnology in the United States. Asia-Pacific is fastest growing region for molecular weight marker and portrays huge potential for growth in the future owing to the immense economic developments and rising biotechnology companies in this region.
Key Developments in the Market
• November 2017: VWR Corporation is acquired by Avantor, Inc.
• August 2017: Thermo Fisher Scientific Acquired Patheon N.V.
• January 2017: Agilent Technologies completed the acquisition of Multiplicom N.V.
Major 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, NEW ENGLAND BIOLABS
Reasons to Purchase this Report
• Current and future molecular weight marker market outlook in the developed and emerging markets.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• The segment that is expected to dominate the market.
• Regions that are expected to witness fastest growth during the forecast period.
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
R&D Investments
One of the major factors responsible for driving the growth of the global molecular market is the investments being made in the R&D of molecular biology, which involves the use of molecular markers. In 2017, an investment of USD 1.4 million by the Magnotta Foundation to fund Lyme disease research, which requires specific study of these disease characteristics through the use of molecular markers, increased the focus on use of molecular markers in molecular biology and the University of Leeds also invested GBP 17 million for the structural biology research, which would further involve the use of molecular markers in more than 50% of their research activities. These huge investments for research in specific areas that involve molecular markers and also by increasing focus on the molecular research biology are expected to drive the growth of molecular markers market over the forecast period.
Shortage of Skilled Professionals
Lack of skilled professionals in the field of molecular weight markers, to conduct the research process and use these markers efficiently, is restricting the use of molecular weight markers in the market. Many developing or under developed countries still lack a proper laboratory, which is required for the research activities that involve molecular markers. Although developed countries have these facilities to conduct research smoothly, they lack in the area of skilled professionals who are required to carry out further activities, due to which these laboratories are used for other areas of research after sometime. Many people specializing in the breeding of plants involving molecular markers tend to opt for other areas, as this is only a small part in the complete research process. Due to these shortage of skilled professionals and strict government rules reasons, the use molecular markers in the research is restricted.
North America to Dominate the Market Growth
North America has the highest share in the market, accounting for around 35% of the global market share in 2017. The market for North America is highly driven by the presence of many large research laboratories and biotechnology in the United States. Asia-Pacific is fastest growing region for molecular weight marker and portrays huge potential for growth in the future owing to the immense economic developments and rising biotechnology companies in this region.
Key Developments in the Market
• November 2017: VWR Corporation is acquired by Avantor, Inc.
• August 2017: Thermo Fisher Scientific Acquired Patheon N.V.
• January 2017: Agilent Technologies completed the acquisition of Multiplicom N.V.
Major 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, NEW ENGLAND BIOLABS
Reasons to Purchase this Report
• Current and future molecular weight marker market outlook in the developed and emerging markets.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• The segment that is expected to dominate the market.
• Regions that are expected to witness fastest growth during the forecast period.
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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