Japan, Japan, Wed, 13 Apr 2022 10:12:32 / Comserve Inc. / – Restriction Endonucleases Market with Top Country Data, Industry Analysis, Size, Share, Revenue, Markets important players, developing technologies, trends and forecasts
The restriction endonuclease market is expected to register a CAGR of almost 4.3% over the forecast period. The major factor attributed to the growth of the market is the increase in the use of restriction endonuclease enzymes in various applications, such as cloning, sequencing, and restriction digestion. Also, growing funding and investments from biotech and pharmaceutical companies. According to a report by Alexander Schuhmacher, Oliver Gassmann and Markus Hinder, the pharmaceutical industry is today one of the world’s leading investors in R&D, and it is expected to maintain its role as a major R&D player in the future, with an industry-total projected R&D expenditure globally of $160 billion by 2020. However, the high cost of restriction endonuclease production is the downside of market growth.
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Main market trends
Type II Segment Dominates the Restriction Endonuclease Market
Type II restriction enzymes are the familiar enzymes used for everyday molecular biology applications, such as gene cloning and DNA fragmentation and analysis. These enzymes cleave DNA at fixed positions relative to their recognition sequence, creating reproducible fragments and distinct gel electrophoresis patterns. Over 3,500 type II enzymes have been discovered and characterized, recognizing some 350 different DNA sequences. Type II restriction endonucleases always cleave at or near their recognition sites. They produce small, well-defined DNA fragments that help characterize genes and genomes and produce recombinant DNAs. As type II enzymes are the most widely used and advantageous, the segment has the maximum share. Moreover, the other factors propelling the growth of the segment are increasing investments in research and development by biotech and pharmaceutical companies.
North America dominates the market and is expected to do the same during the forecast period
North America is expected to dominate the overall market throughout the forecast period. The growth of the market is due to factors such as the presence of key players, high investments and increasing research and development programs in the field of biotechnology, pharmaceuticals in the region and established healthcare infrastructure. Also, beneficial government initiatives and increasing number of research partnerships are some of the drivers expected to augment the market growth.
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The restriction endonucleases market is moderately competitive and comprises several major players. Some of the companies currently dominating the market are Agilent Technologies, Thermo Fisher Scientific, Illumina Inc., New England Biolabs, Merck KGaA, Promega Corporation, Takara Bio Inc., and QIAGEN NV.
1.1 Study deliverables
1.2 Assumptions of the study
1.3 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing use of restriction endonucleases in various applications
4.2.2 Increase in research and development expenditure by biotechnology and pharmaceutical companies.
4.3 Market Constraints
4.3.1 Production of high-cost restriction endonucleases
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of new entrants
4.4.2 Bargaining power of buyers/consumers
4.4.3 Bargaining power of suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
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