Molecular Biology Enzymes, Kits, and Reagents Market size is estimated to be valued at USD 15,675.9 Million in 2021 and is poised to grow at a significant CAGR of 17.5% over 2022-2028. Biological enzymes are important in promoting chemical reactions in biological systems. Molecular biology enzymes are recommended for the preparation of laboratory samples. These chemicals are also used in procedures like polymerase chain reaction (PCR), DNA sequencing, and cell analysis. The PCR segment anticipated to grow at significant CAGR over the forecast years owing to the polymerase chain reaction that includes reverse transcriptase–polymerase chain reactions, one of the most used preparative and diagnostic procedures in molecular biology. Moreover, the competitive players are focusing on launching new products and acquisition to maintain the growth in the market. For instance, In February 2021, Thermo Fisher Acquired Mesa Biotech to expand its Life Sciences Solutions business segment. Through this acquisition, the revenue of this segment is expected to increase by approximately USD 200 million in 2021. Increased research and development expenditure, an increase in the number of genome projects, technical advances in the life sciences business, and an increase in the prevalence of genetic diseases. are a few of the elements influencing the industry’s growth throughout the anticipated period.
In October 2020, New England Biolabs (US) launched the Luna Probe One-Step RT-qPCR 4X Mix with UDG.