DNA Markers an Important product segment for Life science research suppliers- Asia to expect rapid growth
Molecular weight markers are extensively used in almost all areas of life science applications. Due to this, the adoption rate for these products is very high and is expected to increase in future.
Molecular weight markers market is a research-driven market. R&D expenditure is important indicators for this market. North America accounted for 37.74% of the global R&D spending in 2010. The U.S. alone accounted for 35.33% of all R&D spending in the world. According to estimates from the World Bank, the R&D spending in North America increased at a CAGR of 4.56% between 2001 and 2010. On the other hand, R&D spending in Asia increased from $158.94 billion in 2001 to $329.31 billion in 2010, at a CAGR of 8.43%. China has the highest growth rate for R&D spending between 2001 and 2010. The government in China is also undertaking various initiatives to promote genomics research. For instance, it is planning to invest more than $300 billion in biotechnology between 2012 and 2017. High focus on biotechnology research is another major factor driving the growth of the molecular weight markers market in Asia. Asia is growing faster in past few years and is expected to grow at the fastest rate in forecasted period. Emerging Asian countries such India, China and Japan are expected to have healthy growth in the coming five years, considering the huge R&D spending as well as growing technical know-how to increasing public funding.
The molecular weight markers in Asia expected to grow at the highest CAGR in the forecast period (2014–2019). Asian countries are expected to witness a steady year-on-year growth, due to increase in demand for innovations in proteomics and genomic research. Moreover, an increase in healthcare budgets and R&D activities in this region will further fuel the demand for molecular weight markers in this region.
The DNA is estimated to have the largest share of the molecular weight markers market in 2014. The market is expected to be driven by increased research and development spending by biotechnology companies, government and public sector funding for research. In addition, new innovations have contributed to grow the market to a great extent. The use of DNA markers will be boosted by the increasing research activities in genomics and with the advent of cheaper sequencing technologies.
Related Reports:
Molecular Weight Marker Market by Products (DNA, RNA, Protein Ladders), by Type (Prestained, Specialty), by Application (PCR, Western Blotting, Gel Extraction), by End User (Academic Institutes, Pharmaceutical Companies, CRO) - Global Forecast to 2019
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