Asia Pacific Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook
Asia Pacific molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)
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Asia Pacific molecular biology enzymes, reagents and kits market highlights
- The Asia Pacific molecular biology enzymes, reagents and kits market generated a revenue of USD 4,635.5 million in 2022.
- The market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2022.
- Enzymes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 4,635.5 million |
| Market revenue in 2030 | USD 11,934.9 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Enzymes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Enzymes |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Agilent Technologies Inc, Qiagen NV, New England Biolabs, Merck KGaA, Roche Holding AG ADR, Bio-Rad Laboratories Inc, Takara Bio Inc, LGC Group, Bausch Health Companies Inc, Promega |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.1% of the global molecular biology enzymes, reagents and kits market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,934.9 million by 2030.
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Molecular Biology Enzymes, Reagents And Kits Market Scope
Molecular Biology Enzymes, Reagents And Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific molecular biology enzymes, reagents and kits market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to molecular biology enzymes, reagents and kits market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 67.37% in 2022. Horizon Databook has segmented the Asia Pacific molecular biology enzymes, reagents and kits market based on kits & reagents, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The Genome Asia consortium launched Genome Asia 100K project in February 2016, which includes a whole-genome sequencing reference dataset from 64 Asian countries, 1,739 individuals of 219 population groups. The first phase of this project was focused on creating reference genomes for all major Asian ethnic groups.
Nanyang Technological University, Singapore and Med Genome are the founding partners of this consortium. Furthermore, increasing application of molecular diagnostics in the region also increases the demand for molecular biology enzymes, kits, and reagents in the region.
To improve precision medicine through molecular genetics testing, CIRCULOGENE partnered with CIRCULOGENE Asia Pacific Limited, New Zealand for further expanding its molecular diagnostics business in the region. Such companies are anticipated to propel the market growth in the near future.
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Target buyers of Asia Pacific molecular biology enzymes, reagents and kits market databook
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Our clientele includes a mix of molecular biology enzymes, reagents and kits market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific molecular biology enzymes, reagents and kits market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific molecular biology enzymes, reagents and kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific molecular biology enzymes, reagents and kits market size, by country, 2018-2030 (US$M)
Asia Pacific Molecular Biology Enzymes, Reagents And Kits Market Outlook Share, 2022 & 2030 (US$M)
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