Market Analysis: Global Reporter Gene Assay Market
Reporter Gene Assay Market is expected to rise from its initial estimated value of USD 1.44 billion to an estimated value of USD 3.15 billion by 2026, registering a CAGR of 10.25% in the forecast period of 2019-2026. Increasing investment in cell-based research is major factor for the growth of this market.
Market Definition: Global Reporter Gene Assay Market
Reporter gene assay is a gene which is attached by the researcher in governing sequence of another gene. These genes are selected as reporters because the feature they leave on the organisms are easily identified and measured. They are usually used to study the gene expression or to act as a control for transfection efficiencies. They are widely used in application like cell signaling pathways, gene regulation, structural and functional analysis and protein interaction which is the major factor fueling the growth of this market.
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Increasing usage of gene expression in various applications like cell signaling pathways, structural and functional analysis etc. is driving the growth of this market
Rising prevalence for cell-based assay is another factor driving the market growth
High price of cell biology research is restraining the growth of this market
Lack of skilled and trained professional is restraining the market growth
Segmentation: Global Reporter Gene Assay Market
Luciferase Assay Kits
Fluorescent Protein-Related Assay Kits
Secreted Embryonic Alkaline Phosphatase Assay Kits
Chloramphenicol Acetyltransferase Assay Kits
Beta-Galactosidase Assay Kits
Beta-Glucuronidase Assay Kits
Other Assay Kits
Cell Signaling Pathways
Promoter Structural and Functional Analysis
Academic & Research Institutes
Pharmaceutical & Biotechnology Companies
Contract Research Organizations (CROS)
Hospital & Diagnostic Laboratories
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
United Arab Emirates
Rest of Middle East & Africa
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Key Developments in the Market:
In September 2018, T hermo Fisher Scientific Inc. announced that they have signed an agreement with Becton, Dickinson and Company according to which they will acquire their advanced bioprocessing business. This will help the business to combine their services which will help them in increasing their cell culture media formulation and reduce vulnerability in biopharmaceutical applications. This will also help the company to serve better services to their customers.
In September 2018, Merck announced the launch of their new 3,800-square-meter laboratory BioReliance lab in Singapore which is specially designed to provide biosafety testing to both pharmaceutical and biotech industry. The main aim of the launch is to increase the Singapore competitiveness as a leading global site for biologics manufacturing and provide safe medicines to the patients.
Global reporter gene assay market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of reporter gene assay market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the reporter gene assay market are Merck KGaA, Thermo Fisher Scientific Inc, Promega Corporation, PerkinElmer Inc., Abcam plc., BD, Bio-Rad Laboratories, Inc., Danaher, Biotium, PromoCell GmbH, InvivoGen, Geno Technology Inc., GeneCopoeia, Inc.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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