Market Size –
The molecular weight marker market size has grown rapidly in recent years. It will grow from $0.69 billion in 2023 to $0.78 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to investments in research and development activities, expansion of genomics and proteomics fields, rise in biotechnology applications, and introduction of high-resolution molecular weight markers.
The molecular weight marker market size is expected to see rapid growth in the next few years. It will grow to $1.24 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to ongoing innovations in molecular biology techniques, the expanding biopharmaceutical industry, with its focus on biologics and biosimilars, rising funding from governments, expansion of research infrastructure in developing countries, and growing emphasis on personalized medicine. Major trends in the forecast period include technological advancements in molecular biology, the introduction of high-resolution molecular weight markers, and the development of more precise and user-friendly molecular weight markers.
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Scope Of Molecular Weight Marker Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Molecular Weight Marker Market Overview
Market Drivers –
The growing adoption of personalized medicine is expected to propel the growth of the molecular weight marker market going forward. Personalized medicine refers to a medical care philosophy that aims to tailor medicines and interventions to the particular requirements of each patient. The adoption of personalized medicine is due to the rapid growth of omics technology, data integration, genetics, and an awareness of the significance of tailored patient-specific medications and preventive actions. Molecular weight markers offer a powerful platform for advancing personalized medicine by enabling comprehensive proteomic analysis, facilitating biomarker discovery, improving drug development and response understanding, and supporting the creation of personalized therapeutic strategies. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based non-profit organization, the FDA approved 16 novel personalized therapies for patients with rare diseases in 2023, compared to six in 2022. Therefore, the growing adoption of personalized medicine will drive the growth of the molecular weight marker market.
Market Trends –
Major companies operating in the molecular weight markers market are focused on developing innovative products, such as monoclonal primary antibodies, to sustain their position in the market. A monoclonal primary antibody refers to an antibody that is derived from a single clone of cells, all producing antibodies that bind to the same epitope (specific region) on an antigen (target molecule). For instance, in October 2022, F. Hoffmann-La Roche AG, a Switzerland-based pharmaceutical company, launched the PRAME (EPR20330) antibody to detect the expression of PRAME protein in patients suspected of having melanoma. This innovative antibody is specifically designed to identify PRAME protein expression in patients, which is crucial for diagnosing and monitoring melanoma, a potentially deadly form of skin cancer. This advancement enhances diagnostic precision and opens doors to more personalized treatment strategies, ultimately improving patient care and outcomes in melanoma management.
The molecular weight marker market covered in this report is segmented –
1) By Product: DNA Markers, Protein Markers, RNA Markers
2) By Marker Type: Prestained Markers, Unstained Markers, Specialty Markers
3) By Application: Nucleic Acid Application, Proteomics Application
3) By End User: Academic Research Institutes, Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Other End-Users
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Regional Insights –
North America was the largest region in the molecular weight marker market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molecular weight marker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the molecular weight marker market are Thermo Fisher Scientific Inc., Roche Holding AG, Merck KGaA, Avantor, Agilent Technologies Inc., Lonza Group AG, Sigma-Aldrich, PerkinElmer, Bio-Rad Laboratories, QIAGEN N.V, Bio-Techne, VIAVI Solutions Inc., Thorlabs Inc., Promega Corporation, Takara Bio, New England Biolabs, BBI Solutions, Avantes BV, SERVA Electrophoresis, Enzo Life Sciences, Carl Zeiss AG, Raptor Photonics, Magritek Ltd
Table of Contents
1. Executive Summary
2. Molecular Weight Marker Market Characteristics
3. Molecular Weight Marker Market Trends And Strategies
4. Molecular Weight Marker Market – Macro Economic Scenario
5. Global Molecular Weight Marker Market Size and Growth
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31. Molecular Weight Marker Market Other Major And Innovative Companies
32. Global Molecular Weight Marker Market Competitive Benchmarking
33. Global Molecular Weight Marker Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Molecular Weight Marker Market
35. Molecular Weight Marker Market Future Outlook and Potential Analysis
36.Appendix
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