South America Molecular Biology Enzymes, Kits, and Reagents Market Dynamics and Trends by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028South America Molecular Biology Enzymes, Kits, and Reagents Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Enzymes and Kits & Reagents), Application (Epigenetics, Sequencing, Synthetic Biology, Polymerase Chain Reaction, and Other), and End User (Biotechnological & Pharmaceutical Companies, Hospitals & Diagnostic Centers, and Academic & Research Institutes)
- Report Date : Nov 2021
- Report Code : TIPRE00025777
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 163
The molecular biology enzymes, kits, and reagents market in SAM is expected to grow from US$ 409.79 million in 2021 to US$ 1,167.37 million by 2028; it is estimated to grow at a CAGR of 16.1% from 2021 to 2028.
Brazil and Argentina are major economies in SAM. Molecular diagnostics getting acceptance is the major factor driving the growth of the SAM molecular biology enzymes, kits, and reagents market. Increased adoption of molecular diagnostics procedures for detecting infectious diseases, coupled with advent of new cancer diagnostic solutions, is likely to support the molecular biology enzymes, kits, and reagents market growth during the forecast period. Molecular diagnostics tests are used for detecting disturbance between specific sequences in DNA or RNA. The irregularities such as single nucleotide polymorphism (SNP), deletions, rearrangements, and insertions lead to various diseases, including infectious diseases, cancer, viral disease, and sexually transmitted diseases (STDs).
SAM has been witnessing a growing number of COVID-19 cases since its outbreak. The cases are increasing in Brazil, Argentina, and Colombia. The COVID-19 outbreak resulted in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. This is expected to increase the number of poor by 45 million and the extremely poor by 28 million. The increasing incidence supports the growth of the market. The pharmaceutical & biotechnology invested in R&D for the new molecule entity. The pandemic as no impact on R&D process, due to pandemic R&D activity increase to find better medicines to cure the life-threatening disease. These factors have had a high impact on the SAM molecular biology enzymes, kits & reagents market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM molecular biology enzymes, kits, and reagents market. The SAM molecular biology enzymes, kits, and reagents market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Molecular Biology Enzymes, Kits, and Reagents Market Segmentation
SAM Molecular Biology Enzymes, Kits, and Reagents Market – By Product
- Enzymes
- Polymerases
- Ligases
- Reverse Transcriptases
- Phosphatases
- Proteases and Proteinases
- Restriction Endonuclease
- Other
- Kits and Reagents
SAM Molecular Biology Enzymes, Kits, and Reagents Market – By Application
- Epigenetics
- Sequencing
- Synthetic Biology
- Polymerase Chain Reaction
- Other
SAM Molecular Biology Enzymes, Kits, and Reagents Market – By End User
- Biotechnological and Pharmaceutical Companies
- Hospitals and Diagnostic Centres
- Academic and Research Institutes
SAM Molecular Biology Enzymes, Kits, and Reagents Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Molecular Biology Enzymes, Kits, and Reagents Market - Companies Mentioned
- Agilent Technologies, Inc.
- F. HOFFMANN-LA ROCHE LTD
- Illumina, Inc.
- Merck KGAA
- MERIDIAN BIOSCIENCE, INC
- Promega Corporation
- Qiagen
- THERMO FISHER SCIENTIFIC INC
South America Molecular Biology Enzymes, Kits, and Reagents Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 409.79 Million |
| Market Size by 2028 | US$ 1,167.37 Million |
| Global CAGR (2021 - 2028) | 16.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Agilent Technologies, Inc.
- F. HOFFMANN-LA ROCHE LTD
- Illumina, Inc.
- Merck KGAA
- MERIDIAN BIOSCIENCE, INC
- Promega Corporation
- Qiagen
- THERMO FISHER SCIENTIFIC INC
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