Reagents and kits used in genomics and proteomics include sample preparation kits, electrophoresis kits, purification kits, and microarrays. Analytical tools and technologies include, Next Generation Sequencing (NSG), Mass Spectrometry (MS), thermal cyclers, and chromatography.
The global genomics and proteomics reagents, research kits, and analytical instrumentation market is estimated to account for US$ 59,185.3 Mn in terms of value in 2020 and is expected to reach US$ 132,162.2 Mn by the end of 2027.
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Global Genomics and Proteomics Reagents, Research Kits, and Analytical Instrumentation Market: Drivers
Increasing launch of new PCR kits is expected to propel growth of the global genomics and proteomics reagents, research kits, and analytical instrumentation market over the forecast period. For instance, in April 2020, QIAGEN N.V. launched therascreen BRAF V600E RGQ PCR Kit (therascreen BRAF V600E Kit) as a companion diagnostic to the BRAF inhibitor, BRAFTOVI (encorafenib), for use in combination with cetuximab for the treatment of adult patients with metastatic colorectal cancer with a BRAF V600E mutation.
Global Genomics and Proteomics Reagents, Research Kits, and Analytical Instrumentation Market: Opportunities
R&D in NGS is expected to offer lucrative growth opportunities for players in the global genomics and proteomics reagents, research kits, and analytical instrumentation market. For instance, in March 2020, Illumina, Inc. partnered with IDbyDNA Inc., a metagenomics technology company, for R&D of next-generation sequencing-based workflows.
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Global Genomics and Proteomics Reagents, Research Kits, and Analytical Instrumentation Market: Restraints
False discovery rate of SNP chips is expected to hinder the market growth. For instance, according to a study published in the journal bioRxiv in June 2019, SNP chips used by direct-to-consumer genetic testing companies have a false discovery rate of over 85% when screening for very rare variants.
Key Takeaways:
The global genomics and proteomics reagents, research kits, and analytical instrumentation market was valued at US$ 52,353.2 Mn in 2019 and is forecast to reach a value of US$ 132,162.2 Mn by 2027 at a CAGR of 12.2% between 2020 and 2027. Major factor driving the growth of global genomics and proteomics reagents, research kits, and analytical instrumentation market during the forecast period include increasing investment in the pharmaceutical sector, and increasing demand for better diagnostic technologies.
Thermal cyclers held dominant position in the global genomics and proteomics reagents, research kits, and analytical instrumentation market in 2019, accounting for 41.4% share in terms of value, followed by Chromatography and Mass Spectrometry, respectively. Increasing use of polymerase chain reaction, and product launches is supporting growth of the market.
Market Trends
Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in April 2020, Bio-Rad Laboratories, Inc. acquired Celsee, Inc., a developer of instruments and consumables for the isolation, detection, and analysis of single cells.
Major players in the market are also focused on approval and launch of new products to expand their product portfolio. For instance, in March 2020, Agilent Technologies Inc. launched Agilent GenetiSure Cyto microarrays for prenatal and postnatal research.
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Global Genomics And Proteomics Reagents, Research Kits, and Analytical Instrumentation Market: Competitive Landscape
Major players operating in the global genomics and proteomics reagents, research kits, and analytical instrumentation market include, Thermo Fisher Scientific, Agilent Technologies, Becton Dickinson & Company, Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, Illumina, Inc., Life Technologies Corporation, and Merck Millipore.
Global Genomics And Proteomics Reagents, Research Kits, and Analytical Instrumentation Market: Key Developments
April 2020: Agilent Technologies Inc. became a sponsor of My Green Lab, a nonprofit organization dedicated to improving the sustainability of scientific research
July 2019: Thermo Fisher Scientific launched three new Applied Biosystems AgriSeq targeted genotyping by sequencing solutions that will allow customers to genotype canines and felines
Segmentation
- By Product Type
- Instrumentation and Analytical Tools
- Chromatography
- Mass Spectrometry
- Thermal Cyclers
- Next-Gen Sequencing
- Reagents and Research Kits
- Sample Prep Kits
- Electrophoresis Kits
- Purification Kits
- BioChips
- Instrumentation and Analytical Tools
- By End-User
- Diagnostic Laboratories
- Pharmaceutical and Biotechnology Organizations
- Research Laboratories
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Other Related Reports:
SNP GENOTYPING AND ANALYSIS MARKET ANALYSIS
COMPUTATIONAL BIOLOGY MARKET ANALYSIS
DNA/GENE MICROARRAY MARKET ANALYSIS
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