Global Reporter Gene Assay Market is expected to grow at a CAGR of 10.39% during the forecast period from 2019-2026
A new research report published by Fior Markets with the title Reporter Gene Assay Market by Product (Reagents, Assay Kits), Application (Gene Regulation, Cell signaling, Others), End-User, Regions, and Global Forecast 2019-2026.
As per the report, the global reporter gene assay market is expected to grow from USD 1,639.62 Million in 2018 to USD 3,614.64 Million by 2026, at a CAGR of 10.39% during the forecast period from 2019-2026. The North America region led the global demand for the reporter gene assay with a 38.73% share of market revenue in 2018. However, the Asia Pacific region is projected to attain the highest CAGR of 12.39% over the forecast period.
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Major players in the global reporter gene assay market are Merck KGaA, Thermo Fisher Scientific, Promega Corporation, PerkinElmer Inc., Biotium, Abcam plc, Bio-Rad Laboratories Inc., Becton, Dickinson and Company, Danaher Corporation, Geno Technology, Genecopoeia, InvivoGen, PromoCell, General Electric Company, Lonza Group Ltd., Cell Signaling Technology, Inc., Promega Corporation, among others. There has been considerable increase in incidence of childhood cancer cases. Thus, in order to know more about this condition and effectively manage the disease, Thermo Fisher Scientific has launched Oncomine Childhood Cancer Research Assay. Launched 2018, this reporter gene assay specifically targets mutations associated with pediatric and young adult cancers.
The product segment is divided into reagents and assay kits. The assay kits is further divided into luciferase assay, fluorescent protein-related, secreted embryonic alkaline phosphatase assay, chloramphenicol acetyltransferase assay, beta-galactosidase assay, beta-glucuronidase assay and others. Factors such as increasing utilization of assay kits in the gene expression studies and signaling pathway analysis during gene transcription or translation levels and preference for assay kits over the standalone reagents, led the assay kits segment to dominate the global reporter gene assay market. Application segment is categorized into cell signaling pathways, promoter structural and functional analysis, gene regulation and protein interaction. Owing to the growing application of reporter gene assays in the biotechnology, molecular biology, and microbiology sectors, the cell signaling pathways segment is projected to grow at an accelerated CAGR of 12.25% over the forecast period. The end user is segmented into academic and research institutes, pharmaceutical and biotechnology companies, contract research organizations, and hospital & diagnostic laboratories. Due to the increase in the funding for the biotechnology and cancer research activities, the academic and research institutes segment dominated the global reporter gene assay market with USD 570.92 million revenue in 2018.
Although the factors such as rise in the funding for the cell-based research, increasing applications of the gene expression coupled with growing preference for the cell based assays are driving the global reporter gene assay market. The high equipment cost and strict regulatory framework for the genetic research activities are anticipated to restrain the growth of the market over the forecast period.
About the report:
The global Reporter Gene Assay market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire