Browse 102 market data Tables and 43 Figures spread through 184 Pages and in-depth TOC on "Molecular Biology Enzymes and Kits & Reagents Market"
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The global molecular biology enzymes and kits & reagents market is witnessing significant growth and is likely continue to do so over the next five years. Factors such as a technological advancements in the life science industry, increased research activities in the pharmaceutical and biotechnology sector, rising incidences of infectious diseases and genetic disorders, and successful completion of human genome project contribute to the growth of the molecular biology enzymes and kits & reagents market.

In the forecast period, the Asia-Pacific region is projected to grow at the highest CAGR. Growth in this region is likely to be centered at China and India. Countries such as Korea, Australia, and Singapore are also likely to project a medium-to-high growth rate.

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Asia-Pacific region is expected to witness significant growth in the molecular biology enzymes and kits & reagents market as the healthcare infrastructure in Asia-Pacific is undergoing significant developmental change. Additionally, Asia-Pacific countries are investing in new technologies and solutions while carrying out initiatives to improve their healthcare services. Furthermore, the adoption of advanced technology such sequencing in Asia-Pacific countries for genetic disorder management is increasing.

The overall molecular biology enzymes and kits & reagents market in Asia-Pacific is expected to grow rapidly in the coming years, mainly due to the increasing expansion of market players in this region. Industry players in this market are developing their presence in this market to enhance their share in this highly competitive market.

For instance, in November 2014, Roche invested nearly USD 465 million (CHF 450 million) over next three years to establish a Suzhou Industrial Park in Suzhou, China. The new manufacturing facility is expected to address the growing demand for diagnostic tests in China and Asia Pacific region.

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Furthermore, in August 2015, Takara Bio, Inc. (Japan) opened a new facility at Kusatsu, Shiga (Japan). The company’s headquarters are also relocated to this new facility. This relocation was expected to enhance the efficiency of R & D activities and provide genetic analysis services. Furthermore, the Indian molecular biology enzymes and kits & reagents market’s growth is attributed to growing pharmaceutical industry backed by government initiatives in India, development of bioclusters in India.

The Korea- U.S. Free Trade Agreement signed in March 2012, is expected to accelerate the expansion of movement of goods and services, thus providing expansion opportunities for market players in Asia-Pacific. In addition, The Genome Asia 100K Initiative, was in February 2016, at the Nanyang Technological University, Singapore. Supporters of this initiative include Medgenome Labs Pvt. Ltd. (India) and Illumina, Inc. (U.S.). Furthermore, the growth of Australian molecular biology enzymes and kits & reagents market is attributed to collaborations and partnerships among various organizations within the region.

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