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Genomics And Proteomics Reagents, Research Kits, And Analytical Instrumentation Market Is Projected to Be Around US$ 132,162.2 Million With Healthy CAGR of 12.2% by 2027

December 15th, 2020 Coherent Market Insights Releases

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.

Get Sample PDF Brochure with Impact of COVID19: https://www.coherentmarketinsights.com/insight/request-sample/4109

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.

Read Press Release: https://www.coherentmarketinsights.com/press-release/genomics-and-proteomics-reagents-research-kits-and-analytical-instrumentation-market-3367

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
  • 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

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
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Email: sales@coherentmarketinsights.com
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