PUBLISHER: Value Market Research | PRODUCT CODE: 1547544
PUBLISHER: Value Market Research | PRODUCT CODE: 1547544
The global demand for DNA Polymerase Market is presumed to reach the market size of nearly USD 197.09 Million by 2032 from USD 167.56 Million in 2023 with a CAGR of 1.82% under the study period 2024-2032.
DNA polymerase refers to an enzyme that is required for assembling the nucleotides together on the DNA strand. It is an essential enzyme for DNA replication. For each cell division, DNA polymerase is mandatory for the replication of the cell's DNA. It is through this that the genetic data is passed from one generation to the other. DNA polymerase functions by adding a new nucleotide at the 3' end of the new DNA strand. DNA polymerase also assists in correcting the mistakes in the newly synthesized strand by the process known as 'proofreading.' In this process, the incorrect coupling is recognized and rectified by reversing the direction by one base pair. The faulty part is further removed by the process called excision. DNA polymerase is vital for the process of transcription and translation, which results in protein synthesis.
The DNA polymerase market demand has increased over the past few decades due to its use in industries such as biopharma, forensic science, diagnostic centers, research centers etc. In addition, with in the increasing incidences of cancer, neurological disorders, genetic mutation and chronic diseases a high growth is anticipated in the this market. As per WHO, the number of deaths due to cancer is expected to increase by close to 70% over the decade. Also,the rising number of recombinant medicines used in treating chronic diseases will boost the market growth of DNA polymerase. Rising incidents of crimes across the globe is also expected to lead to higher usage of DNA polymerase in forensic science. High cost, ethical issues, and stringent regulatory approvals may impact the market growth under the study period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of DNA Polymerase. The growth and trends of DNA Polymerase industry provide a holistic approach to this study.
This section of the DNA Polymerase market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the DNA Polymerase market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the DNA Polymerase market include Thermo Fisher Scientific Inc., Agilent Technologies, Merck KGaA, Danaher, QIAGEN, Hoffmann-La Roche Ltd, Bio-Rad Laboratories Inc., Takara Bio Inc., Promega Corporation, New England Biolabs. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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