India Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook

The molecular biology enzymes, reagents and kits market in India is expected to reach a projected revenue of US$ 998.7 million by 2030. A compound annual growth rate of 14.3% is expected of India molecular biology enzymes, reagents and kits market from 2023 to 2030.
Revenue, 2022 (US$M)
$342.5
Forecast, 2030 (US$M)
$998.7
CAGR, 2023 - 2030
14.3%
Report Coverage
India

India molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)

India

India molecular biology enzymes, reagents and kits market highlights

  • The India molecular biology enzymes, reagents and kits market generated a revenue of USD 342.5 million in 2022 and is expected to reach USD 998.7 million by 2030.
  • The India market is expected to grow at a CAGR of 14.3% 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 2022USD 342.5 million
Market revenue in 2030USD 998.7 million
Growth rate14.3% (CAGR from 2022 to 2030)
Largest segmentKits & reagents
Fastest growing segmentEnzymes
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationKits & Reagents, Enzymes
Key market players worldwideThermo 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, India accounted for 1.6% 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 Asia Pacific, China molecular biology enzymes, reagents and kits market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 998.7 million by 2030.

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Molecular Biology Enzymes, Reagents And Kits Market Companies

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India 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 67.39% in 2022. Horizon Databook has segmented the India molecular biology enzymes, reagents and kits market based on kits & reagents, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.


According to the India Brand Equity Foundation, Indian biotechnology industry ranks third in the Asia Pacific region. Indian biotechnology sector is growing at faster rate and is expected to witness lucrative growth in the coming years owing to increasing initiatives by government and expansion activities by key manufacturers in the country.

In recent years, Indian biopharma industry has witnessed significant growth. Such growing biotechnology and biopharmaceutical industry in India is expected to boost the market for molecular biology enzymes, kits, and reagents in the country.

Moreover, the companies such as QIAGEN, Thermo Fisher Scientific, and Agilent Technologies have expanded their business in the country through various strategic initiatives. For instance, in January 2020, Agilent Technologies collaborated with Indian Institute of Technology Delhi to enhance biopharmaceutical research. 

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Horizon Databook provides a detailed overview of country-level data and insights on the India molecular biology enzymes, reagents and kits market , including forecasts for subscribers. This country databook contains high-level insights into India molecular biology enzymes, reagents and kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India molecular biology enzymes, reagents and kits market size, by product, 2018-2030 (US$M)

India Molecular Biology Enzymes, Reagents And Kits Market Outlook Share, 2022 & 2030 (US$M)

India molecular biology enzymes, reagents and kits market size, by product, 2018-2030 (US$M)

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