DNA Polymerase Market Trend 2030 | Rising demand for DNA Polymerase in Polymerase Chain Reactions
The global DNA polymerase market size is expected to reach USD 568.3 Million in 2030 and register a revenue CAGR of 6.4% over the forecast period, according to latest report by Reports and Data. Rise in number of genetic disorder-based researches and increasing adoption of Taq DNA Polymerase for thermal tolerance and high efficiency are expected to drive market revenue growth during the forecast period. Rising demand for DNA polymerase in polymerase chain reactions is expected to boost growth of DNA polymerase market in near future. Increasing number of researches related to disease diagnosis in humans has led to increased adoption of DNA polymerase in laboratories. Eukaryotic DNA polymerase is widely used in research laboratories due to its easy availability from eukaryotic model organisms that can be genetically manipulated to obtain optimal strains of the enzyme.
However, challenges in protecting genetic data of people who are providing their DNA for diagnostic or research purposes are some factors that could hamper market revenue growth during the forecast period. With advent of technology, most genetic data about DNA donors are stored in virtual systems. This can lead to data theft or breach of privacy and is a challenge in protecting personal data, which is expected to restrain the market revenue growth.
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Leading Players in the market include Sigma-Aldrich Solutions, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Yeasen Biotechnology (Shanghai) Co., Ltd., GENAXXON bioscience, Promega Corporation, Cytiva Lifesciences, SBS Genetech Co., Ltd., BDI Biotech, and GenTegra LLC.
Some Key Highlights From the Report:
- Biotechnological segment is expected to account for largest market share over the forecast period. Increasing usage of DNA polymerases in in-vivo manipulation of DNA and disease diagnosis is driving growth of the segment.
- DNA replication segment is expected to account for the largest revenue share in global DNA polymerase market between 2022 and 2030. Rising demand for DNA polymerase in DNA replication in pharmaceutical and biotechnological sectors is driving revenue growth of the segment. Rising demand for customized DNA polymerases is also increasing demand for DNA polymerases, which is expected to boost growth of the segment.
- Asia Pacific DNA polymerase market is expected to account for largest revenue share in global market over the forecast period. Rapid growth of pharmaceutical industry, in which DNA polymerase plays an essential part is expected to drive market revenue growth. Rapid improvements in DNA polymerase according to need of specific reactions is another factor expected to increase revenue growth of DNA polymerase market.
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The market in Europe is expected to register steady revenue CAGR over the forecast period. Rapid growth in biotechnology and chemical engineering industries increases demand for this Report, driving market revenue growth. Robust presence of Industry manufacturers in countries in the region is expected to propel market revenue growth.
Market in North America is expected to register steady revenue CAGR over the forecast period. Robust presence of key players in countries in the region is expected to drive market revenue growth. Rising demand for DNA polymerase in research related to disease diagnosis and DNA sequencing is increasing its adoption in North America, which is boosting revenue growth of market. Additionally, rising demand for customized DNA polymerase will boost North America market revenue growth.
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented global DNA Polymerase Market on the basis of Type, Material, End Users, Application and region:
Origin Outlook (Revenue, USD Million; 2019-2030)
- Prokaryotic DNA Polymerase
- Eukaryotic DNA Polymerase
End-Use Outlook (Revenue, USD Million; 2019-2030)
- Pharmaceutical Industry
- Biotechnological Industry
- Research Laboratories
- Hospitals and Diagnostic Centers
Application Outlook (Revenue, USD Million; 2019-2030)
- DNA Replication
- DNA Sequencing
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North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of EU)
Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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