DNA Polymerase Market to Grow with a CAGR of 4.66 % through 2028
Prevalence of infectious diseases and genetic
abnormalities continues to rise is expected to drive the Global DNA Polymerase
Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “DNA Polymerase Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global DNA Polymerase Market stood at USD 121.12 million in 2022 and is
anticipated to grow with a CAGR of 4.66 % in the forecast period, 2024-2028. The
market is expected to grow in the coming years, due to the increasing demand
for DNA polymerases for sequencing applications and development of precision
medicine. Furthermore, key players are developing new and improved DNA
polymerases that can enhance the accuracy and speed of these applications and
can boost the market over the forecast period. The
COVID-19 pandemic had a significant impact on the growth of the market as DNA
polymerases are vital enzymes used in the Polymerase Chain Reaction (PCR)
process. PCR has been instrumental in detecting and diagnosing COVID-19
infections, and as a result, there was a positive impact on the market in 2020
and 2021 due to the increasing use of this process. Most life sciences
companies are focusing their R&D departments to identify new molecules or
leads for the treatment of COVID-19 and DNA polymerases play an important role
in such studies.
For
instance, in May 2021, Cipla Limited partnered with Ubio Biotechnology Systems
Pvt. Ltd to launch 'ViraGen,' a real-time detection kit for COVID-19 based on
multiplex PCR technology in India. Thus, the use of PCR in diagnosing COVID-19
infections is expected to propel the growth of the market.
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"Global DNA Polymerase Market”
The growing
demand for molecular diagnostics, particularly for the early detection and
monitoring of diseases, is expected to drive the growth of market. DNA
polymerase are an important tool in molecular diagnostics for detecting and
amplifying target DNA sequences. As the prevalence of infectious diseases and
genetic disorders continues to rise, the adoption of such polymerases and
polymerase-based diagnostic tests is expected to grow, which is can propel the
market growth. For instance, according to estimates published by the American
Cancer Society, 1.9 million new cancer cases are expected to be diagnosed in
the U.S. alone in 2022, resulting in 609,360 cancer deaths. Thus, the rising
prevalence of diseases is expected to increase the demand for molecular
diagnostic tests during the forecast period. Furthermore,
rising demand for personalized medicine, and increasing adoption of cloning
tools is expected to rise over the forecast period.
Hence,
the growing demand for personalized medicine is expected to increase the
adoption of DNA polymerases for a variety of applications. Furthermore, strategic initiatives
undertaken by key market players are expected to boost the market growth over
the forecast period.
The Global DNA
Polymerase Market is segmented into Type, Application,
End Use, regional distribution, and company.
Based on Type,
the Taq polymerase segment has emerged as the predominant market leader, the
segment will continue to grow at a significant rate during the forecast period.
Taq polymerases are a type of DNA polymerases that is commonly used in the PCR
techniques. The technique amplifies a specific DNA sequence, making it easier
to study and analyze. Taq polymerases have several advantages that make them
particularly useful for PCR, including their ability to withstand high
temperatures and their high processivity, due to which, such DNA polymerases
can extend DNA strands rapidly and efficiently. As the COVID-19 pandemic fueled
several research prospects in genetics and molecular biology, demand for these
DNA polymerases witnessed a rapid growth during the pandemic.
Based on Application,
polymerase chain reaction segment is expected to grow during the forecast
period due to the widespread use of this amplification technology in several
molecular biology techniques. The PCR technology has now become indispensable
in various fields, including biotechnology, medical diagnostics, and forensic
sciences, where it can be used for DNA-based research and new product
development. Similarly, the technique also played an important role in the
COVID-19 testing and surveillance programs across the globe. As DNA polymerases
form a crucial aspect of the reagents involved in PCR techniques, the segment
held a majority share in 2022.
Major companies
operating in Global DNA Polymerase Market are:
- Thermo Fisher Scientific,
Inc.
- Agilent
Technologies.
- Merck KGaA.
- Danaher Corp.
- QIAGEN N.V.
- Hoffmann-La Roche
Ltd.
- Bio-Rad
Laboratories, Inc.
- Takara Bio, Inc.
- Promega
Corporation.
- New England Biolabs.
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“The rise of the
DNA polymerase market has been aided by the creation of novel gene editing
techniques like CRISPR-Cas9. DNA polymerase is not directly used in CRISPR- Cas
9, but it is crucial for DNA repair after Cas9 has been cut. DNA polymerase is
used to copy the template DNA molecule during HDR (Homology Directed Repair),
which results in precise changes to the DNA sequence. Different gene editing
methods employ DNA polymerases to add, remove, or modify DNA sequences. In
molecular diagnostics, DNA polymerase is a crucial instrument for identifying
and amplifying target DNA sequences. The adoption of such polymerases and
polymerase-based diagnostic tests is anticipated to increase, driving market
growth as the prevalence of infectious diseases and genetic abnormalities
continues to rise.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“DNA Polymerase Market By Type
(Taq Polymerase, Pfu Polymerase, Proprietary Enzyme Blends), By Application
(Polymerase Chain Reaction, DNA Sequencing, DNA Cloning, Others), By End-use
(Pharmaceutical & Biotechnology Companies, Academic & Research
Institutes, Hospitals & Diagnostic Centers, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global DNA Polymerase Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global DNA Polymerase Market.
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