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(MoneyNewsWire.Net, May 08, 2018 ) The North America Nucleic Acid Labelling Market was worth $525.1 million in 2016 and estimated to be growing at a CAGR of 8.2%, to reach $778.7 million by 2021. Nucleic Acid Labelling has many applications in fields of drug discovery and identification of new diseases.
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Nucleic acids are complex and large molecules which carry genetic information from one generation to another. Two major types of nucleic acids are DNA and RNA which carry out the information for many body functions. Generally, these nucleic acids are labelled with tags which help in detection and purification processes. One of the labelling techniques used in Fluorescent in situ hybridization (FISH) that uses fluorescent probes that bind to only those parts of the chromosome with a high degree of sequence complementarity. FISH is often used for finding specific features in DNA for use in genetic counselling, medicine, and species identification.
Factors like increasing expenditure for health care, increasing demand for personalized healthcare, increasing funding for R&D in genomics and disease diagnosis play a major role in the growth of the market. Conversely, factors like expensive processing techniques and lack of skilled professionals are likely to hamper the growth of the market.
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The North America Nucleic Acid Labelling market is segmented based on Product, Labelling Technique, Application and End-User. Based on Product Reagents and Kits, Services. Based on Labelling Technique PCR, Nick Translation, Random Primer, In-Vitro Transcription, Reverse Transcription. Based on Application DNA Sequencing, PCR, Fluorescence in Situ Hybridization (FISH), Microarrays, Blotting, In-Situ Hybridization. Based on End-Users Diagnostic Centres, Research Centres, Hospitals. Based on the Geographical analysis the market is separated into regions of United States of America and Canada. USA is leading the market while Canada is at second place. Increasing personalized medicines, identifying the genetic modifications and therapeutic areas have enabled the USA to dominate the market. USA is also expected to grow the fastest due to government initiatives to develop healthcare infrastructure and making the products cost efficient and increased R&D expenditure. DNA sequencing occupies a major share in terms of Applications due to its uses in the identification of genetic disorders, tumour genetic variations. Reagents and Kits occupy major share among products segment due to their numerous uses in Diagnostic and Research Centres. Based on End User Research Centres occupy the major share owing to increasing government funding to increase research activity and drug discovery.
Some of the key players dominating North America Nucleic Acid Labelling Market include Thermo Fisher Scientific, New England Biolabs, PerkinElmer, F. Hoffmann La-Roche AG, General Electric Company, Merck KGaA, Enzo Biochem, Promega Corporation, Vector Laboratories, and Agilent Technologies.
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