Nucleic Acid Labeling Market Report
The Global Nucleic Acid Labeling Market report is segmented by Product (Reagents & Kits (Labels, Probes), Services), Method (Enzyme-based (PCR, Others), Chemical-based (Conjugation, Photoreaction)), Application (DNA Sequencing, Polymerase Chain Reaction, In Situ Hybridization (FISH), Microarrays, Other), End User (Diagnostics, Therapeutics, Research) and Region. This report also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Nucleic Acid Labeling market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Nucleic Acid Labeling Market report is segmented by Product (Reagents & Kits (Labels, Probes), Services), Method (Enzyme-based (PCR, Others), Chemical-based (Conjugation, Photoreaction)), Application (DNA Sequencing, Polymerase Chain Reaction, In Situ Hybridization (FISH), Microarrays, Other), End User ...
Impact of COVID-19 on Nucleic Acid Labeling Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Nucleic Acid Labelling Market is expected to grow from USD 1.9 billion in 2020 to USD 2.9 billion by 2026 at a CAGR of over 7.4% during the forecast period.
Figure: Global Nucleic Acid Labeling Market Size, 2020-2026 (USD Billion)
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Nucleic acid is defined as an important class of macromolecules that is found in all cells and viruses. It stores genetic information in biological systems. It comprises two types of namely deoxyribonucleic acid (DNA) and ribonucleic acid (RNA). Nucleic acids can be labelled with tags that enable purification or detection. Some of the commonly used labels include biotin, radioactive phosphates, fluorophores, and enzymes.
Key players operating in the global Nucleic Acid Labeling Market are-
The growth of the global nucleic acid labelling market is primarily driven by the high prevalence of molecular disorders which has resulted in increased demand for nucleic acid-based detection techniques.
Based on application, the market has been segmented into DNA sequencing, polymerase chain reaction, In situ hybridization, microarrays, and other.
Geographically, the market in North America accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing to easy accessibility of new diagnostic solutions coupled with presence of key market players such as Enzo Biochem Inc. (The U.S) and Vector Laboratories, Inc. (The U.S). The market in Asia-Pacific region is projected to register fastest growth during the review period on account of increasing penetration of key players in developing countries particularly India and China coupled with high demand for advanced diagnostic solutions.
Covid-19 outbreak impacted the growth of the nucleic acid labelling market positively as polymerase chain reaction (PCR) based molecular biology method was being widely used for the detection of coronavirus. Additionally, due to certain limitations associated with the current nucleic acid diagnostic methods, the demand for more advanced methods increased. This is likely to propel the market growth at a significant during the review period.
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The following is a list of the customers that the Global Nucleic Acid Labelling market aims to convert the most:
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The nucleic acid labelling market is expected to witness an impressive growth of 7.4% CAGR in the coming years.
PerkinElmer, Inc. (UK), Enzo Biochem Inc. (The U.S), Vector Laboratories, Inc. (The U.S), F. Hoffmann LA-Roche AG (Switzerland), New England Biolabs (The U.S), Cytiva (The U.S), Promega Corporation (The U.S), Thermo Fisher Scientific Inc. (The U.S), Agilent Technologies, Inc. (The U.S) and Merck KGaA (Germany) are among the key players in the nucleic acid labelling market.
The nucleic acid labelling market size is expected to reach USD 2.9 billion in the foreseeable future.
North America accounted for the largest share of nucleic acid labelling market in 2020.
Asia-pacific is expected to register the fastest growth in the nucleic acid labelling market during the forecast period.
The in-situ segment accounted for the largest share of the nucleic acid labelling market in 2020.
Nucleic acid labeling manufacturers, Nucleic acid labeling suppliers, Nucleic acid labeling distributors, Organizations, Government bodies are the target audience in the nucleic acid labelling market.
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