India Molecular Biology Reagents & Kits Market to be dominated by reagents and kits through 2028
The increasing incidence of genetic disorders is expected to
drive the growth of the India Molecular Biology Reagents & Kits Market in
the forecast period.
According to TechSci Research report, “India
Molecular Biology Reagents & Kits Market - By Region, Competition, Forecast &
Opportunities, 2018-2028F”,
India Molecular Biology Reagents &
Kits market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. This can be ascribed to the growing prevalence of
genetic disorders such as cystic fibrosis, and sickle cell diseases along with
an increase in the cases of cancer, and genetic anomalies in newborns across
the country. Similarly, growing awareness of genetic testing for screening
cancer, pre-natal genetic screening the growing usage of NGS for the studies of
different genetic diseases will further drive the growth of the market during
the forecast period. Additionally, growing healthcare infrastructure and
support by the government for the diagnosis of a genetic disease is expected to
create lucrative growth for the market during the forecast period. Also,
growing technological advancement such as Covid-19 testing kits will further
boost the growth of the market over the years.
However, high cost
of molecular biology reagents and kits may hamper the growth of the India
Molecular Biology Reagents & Kits market in the forecast period.
Additionally, lack of skilled professionals for handling the instruments and stringent
regulatory requirements for approval of the new reagents and kits may hamper
the growth of the market during the forecast period. Similarly, limited
reimbursement for genetic testing can hamper the India Molecular Biology
Reagents & Kits market during the forecast period.
Browse over XX market data Figures spread through XX Pages and an in-depth
TOC on "India Molecular Biology Reagents and Kits Market.”
India Molecular Biology Reagents & Kits Market
can be segmented by type, application, end user, region, and competitive
landscape.
Based on Type, the India Molecular Biology
Reagents & Kits Market can be segmented into Reagents & Kits, Enzymes, PCR
Master Mixes, Others. The reagents
and kits segment is expected to dominate the market during the forecast period because
of growing development of novel products along with growing investment by key
players for the development of new products. Similarly, the increasing scope in
molecular biology and enzymes for diagnosis of chronic diseases is expected to
create lucrative growth during the forecast period.
Based on Application, the India Molecular
Biology Reagents & Kits market can be further segmented into PCR, NGS,
Cloning, Gene Function, Nucleic Acid Purification, Proteomics, Others. The PCR segment dominated the market in 2022
and is expected to maintain its dominance throughout the forecast period. This
can be attributed to increasing COVID-19 cases and other infectious diseases
across the country along with growing demand for accurate and reliable results
of genetic material detection. Similarly, advent of new technologies such as
droplet digital PCR for detection of pathogens, gene mutation, gene copy number
variation and mRNA expression level checking are expected to boost the growth
of the market during the forecast period.
Major companies operating in India
Molecular Biology Reagents & Kits Market are:
- Thermo
Fisher Scientific India Pvt. Ltd.
- Agile
Lifescience Technologies (India) Pvt Ltd
- Bio
Lab Diagnostics (I) Private Limited
- Illumina
India Biotechnology Private Limited
- Agilent
Technologies India Pvt Ltd
- QIAGEN
India Pvt. Ltd.
- Clementia
Biotech
- ELK
Biotechnology Co. Ltd.
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For instance, in February 2022,
Singular Genomics collaborated with Agilent Technologies for the integration of
Agilent’s SureSelect Target Enrichment Reagents with Singular’s G4 sequencing
platform.
For instance, a new round of
funding headed by LeapFrog Investments, a global impact investing business,
raised USD 55 million (about INR 419 crore) for Bengaluru, India-based
MedGenome in April 2020 .This company specializes in genetic diagnoses,
research, and data.
“India Molecular
Biology Reagents & Kits Market is expected to register significant growth during
the forecast period on account of the increasing investments in proteomics and
genomics research for development of novel drugs along with growing adoption of
advanced technology across the country.. Similarly, the low cost of sequencing
procedures and growing prevalence of infectious diseases such as COVID-19 has
enhanced the demand for molecular biology reagents and kits during the forecast
period. Additionally, growing investments by government in the life science
industry for better research work across the country will further drive the
growth of the market over the years. Besides, the growing incidence of genetic
disorders such as immune system disorders, metabolic diseases and in born
genetic disorders and rising number of genome projects across the country is further
expected to increase the demand for the India molecular biology reagents &
kits market.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Molecular Biology Reagents & Kits Market By Type (Reagents &
Kits, Enzymes, PCR Master Mixes, Others), By Application (PCR, NGS, Cloning,
Gene Function, Nucleic Acid Purification, Proteomics, Others), By End User
(Academic & Research Institutions, Pharmaceutical & Biotechnology
Companies, Hospitals & Clinics, Others), By Region, Competition
Forecast & Opportunities, 2018-2028F,” has evaluated
the future growth potential of India Molecular Biology Reagents & Kits market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Molecular Biology Reagents & Kits market.
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