Kenneth Research, in its repository of market research reports, have recently added a report on Nucleic Acid Labeling Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Nucleic Acid Labeling Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nucleic Acid Labeling Market products.
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The global Nucleic Acid Labelingmarket was valued at USD 1381.51million in 2016 and is projected to reach USD 2910.07millionby 2025, growing at a CAGR of 8.63% from 2017 to 2025.
Nucleic acids can be modified with labels that enable their detection or purification. The resulting nucleic acid probes can be used to identify or recover other interacting molecules. The market is expected to grow due to increasing biotech and biopharma R&D Activities.
1. Market Drivers
1.1 Increasing Healthcare Spending
1.2 Low Cost of Genome Sequencing
1.3 Technological Advancements and R&D spending
1.4 Applications in Disease Diagnosis
2. Market Restraints
2.1 Lack of Skilled Professionals
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1. By Labeling Technique:
1.2 Nick Translation
1.3 Random Primer
1.4 In Vitro Transcription
1.5 Reverse Transcription
1.6 End Labeling
2. By Application:
2.1 DNA Sequencing
2.2 Polymerase Chain Reaction
2.3 Fluorescence in Situ Hybridization (FISH)
2.6 in Situ Hybridization
2.7 Other Applications
3. By Product:
3.1 Reagents and kits
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Agilent Technologies, Inc.
2. Enzo Biochem, Inc.
3. F. Hoffman-La Roche AG
4. General Electric Company
5. Merck KGaA (Germany)
6. New England Biolabs
7. Perkinelmer, Inc.
8. Promega Corporation
9. Thermo Fisher Scientific, Inc.
10. Vector Laboratories
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Nucleic Acid Labelingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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