Canada Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook
Canada molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)
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Canada molecular biology enzymes, reagents and kits market highlights
- The Canada molecular biology enzymes, reagents and kits market generated a revenue of USD 1,076.4 million in 2022 and is expected to reach USD 2,564.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.5% 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.
Molecular biology enzymes, reagents and kits market data book summary
| Market revenue in 2022 | USD 1,076.4 million |
| Market revenue in 2030 | USD 2,564.8 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Enzymes |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 5.1% of the global molecular biology enzymes, reagents and kits market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. molecular biology enzymes, reagents and kits market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,564.8 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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Canada 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 67.6% in 2022. Horizon Databook has segmented the Canada molecular biology enzymes, reagents and kits market based on kits & reagents, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
Growing investments in research projects and increasing awareness about genomics in the country are factors contributing to the market growth in Canada. For instance, in April 2020, Genome Canada launched Canadian COVID Genomics Network (CanCOGeN) initiative to scale-up genomics-based COVID19 research in the country. This initiative is backed up by federal funding of USD 40 million.
Furthermore, in July 2019, the Government of Canada invested USD 41.2 million to support 19 genomics research projects. This investment supported development of research collaborations and innovative solutions through genomic research. Such increasing investments in genomics research by the government bodies is anticipated to increase the use of enzymes, kits, and reagents, further driving the market.
Moreover, increasing use of molecular diagnostic platforms in various industries such as research, forensic, and clinical diagnosis and others is also positively impacting the market growth. For instance, in July 2019, PathogenDx collaborated with Zef Scientific (ZefSci) for distribution of molecular diagnostics platforms in Canada.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada molecular biology enzymes, reagents and kits market , including forecasts for subscribers. This country databook contains high-level insights into Canada molecular biology enzymes, reagents and kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada molecular biology enzymes, reagents and kits market size, by product, 2018-2030 (US$M)
Canada Molecular Biology Enzymes, Reagents And Kits Market Outlook Share, 2022 & 2030 (US$M)
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