This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Market Size Estimation:
Both top-down and bottom-up approaches were used to estimate and validate the total size of the NGS sample preparation market. These methods were also used extensively to estimate the size of various sub segments in the market.
The research methodology used to estimate the market size includes the following:
Primary Research:
In the primary research process, industry experts from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report.
Secondary Research:
Secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Business, Factiva, and D&B Hoovers), white papers, annual reports, companies house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the reporter gene assays market.
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Report Objectives:
# To define, describe, segment, and forecast the global reporter gene assays market by product, application, end user, and region
# To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
# To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
# To forecast the size of the market in five main regions (along with major countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
# To profile key players in the global market and comprehensively analyze their core competencies and market shares
# To track and analyze competitive developments such as mergers and acquisitions; new product/technology launches; expansions; collaborations and agreements; and R&D activities of the leading players in the global reporter gene assays market
Factors Influencing Global Growth:-
The major factors driving the growth of this market include increasing funding for cell-based research, growing applications of gene expression, and a rising preference for cell-based assays.
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Restraints:
# High Cost of Cell Biology Research
Opportunities:
# Emerging Countries
# Increasing Demand for Personalized Medicine
Monetary Growth Expectations, Globally:
According to the Research Study conducted by MarketsandMarkets™: The reporter gene assays market is expected to reach USD 2.6 billion by 2024 from an estimated USD 1.6 billion in 2019, at a CAGR of 10.1%.
Geographical Growth Scenario:
North America is expected to account for the largest share of the reporter gene assays market in 2019, followed by Europe. The large share of North America in the global market can be attributed to the growing academic and government investments in genomics and proteomics research; rising demand for cell-based assays in research; increasing focus on cell-based therapeutics; and rising focus of stakeholders on research projects involving proteins, associated biomolecules, and genes.
Leading Market Players:
# Thermo Fisher Scientific (US)
# Bio-Rad Laboratories (US)
# Merck (Germany)
# PerkinElmer (US)
# Promega Corporation (US)
# Biotium (US) and many more…
Players in the global reporter gene assays market are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies of product launches, expansions, agreements, collaborations, and acquisitions.
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