DNA Polymerase Market Size To Reach USD 568.3 Million In 2030 | Rising Demand For Customized DNA Polymerase And Next-Generation DNA Sequencing Are Some Of The Key Factors Driving Market Revenue Growth, Says Reports and Data

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Apr 12, 2022, 10:15 ET

NEW YORK, April 12, 2022 /PRNewswire/ -- The global DNA polymerase market size is expected to reach USD 568.3 Million in 2030 and register a revenue CAGR of 6.4% during the forecast period, according to latest report by Reports and Data. Rising demand for customized DNA polymerase and rising demand for Next-Generation DNA sequencing among consumers are key factors expected to drive market revenue growth during the forecast period. Increasing demand for DNA polymerase in hospitals, diagnostic centers, and other medical centers is expected to drive the market between 2022 and 2030. DNA polymerase is widely used in small quantities in medical and diagnostic centers for diagnosis of external viral diseases or even diagnosis of genetic diseases through DNA, increasing its demand.

Additionally, DNA polymerase has been increasingly in use in research laboratories over the ongoing pandemic to make novel breakthroughs on the disease, thereby, increasing its demand. These factors are expected to increase adoption of DNA polymerase and boost revenue growth of the market. Furthermore, rising demand for customized DNA polymerase to optimize its function in reactions of varying temperatures is another factor that is expected to propel revenue growth of the market.

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However, molecular biology techniques such as DNA sequencing require DNA from an individual or group of individuals with similar characteristics based on family, region, or genetic condition. Using DNA from individuals has raised ethical concerns regarding exploitation and misuse of personal genetic information, which are some factors that could hamper revenue growth of the market. Additionally, customized DNA polymerases could be expensive due to use of scientific expertise to produce a novel strain, which are some other factors that could hamper revenue growth of the market.

Some Key Highlights from the Report

Pharmaceutical industry segment is expected to register a steady revenue growth rate over the forecast period. Rising demand for DNA polymerases in hospitals, diagnostic centers, and other medical centers is expected to drive growth of the segment. DNA polymerase is an essential enzyme required for polymerization of nucleoside triphosphates to synthesize DNA, which is another factor expected to propel revenue growth of the segment.
Polymerization Chain Reaction (PCR) segment is expected to register a steady revenue growth rate over the forecast period. Increasing usage of PCR for DNA diagnosis of disease that involves use of DNA polymerase is increasing its adoption. Additionally, increasing use of DNA polymerase in analytic laboratories for detecting presence of viral diseases are other factors that are expected to drive growth of the segment in near future.

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Market in Europe is expected to register considerable revenue CAGR over the forecast period. Rapid growth in the biotechnology and chemical engineering industries increases demand for DNA polymerase, driving the DNA polymerase market revenue growth. Robust presence of DNA polymerase manufacturers in countries in the region is expected to propel market revenue growth.
Major companies in the global market report include Sigma-Aldrich Solutions, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Yeasen Biotechnology (Shanghai) Co., Ltd., GENAXXON bioscience, Promega Corporation, Cytiva Lifesciences, SBS Genetech Co., Ltd., BDI Biotech, and GenTegra LLC.
In March 2022, Thermo Fisher Scientific Inc., a global leader in serving science, announced expansion of their bioanalytical laboratory operations in three new locations in Richmond region. Thermo Fisher Scientific Inc. committed an investment of USD 97 million for expansion which is expected to add a ground of 150,000 sq. feet for Richmond-area operations.

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For the purpose of this report, Reports and Data has segmented the global DNA polymerase market based on origin, end-use, application, and region:

Origin Outlook (Revenue, USD Million; 2019-2030)

Prokaryotic DNA Polymerase
Eukaryotic DNA Polymerase

End-Use Outlook (Revenue, USD Million; 2019-2030)

Pharmaceutical Industry
Biotechnological Industry
Research Laboratories
Hospitals and Diagnostic Centers
Others

Application Outlook (Revenue, USD Million; 2019-2030)

DNA Replication
PCR
DNA Sequencing
Others

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Regional Outlook (Revenue, USD Million; 2019-2030)

North America
a. U.S.
b. Canada
c. Mexico
Europe
a. Germany
b. UK
c. France
d. Italy
e. Spain
f. Sweden
g. BENELUX
h. Rest of Europe
Asia Pacific
a. China
b. India
c. Japan
d. South Korea
e. Rest of APAC
Latin America
a. Brazil
b. Rest of LATAM
Middle East & Africa
a. Saudi Arabia
b. UAE
c. South Africa
d. Israel
e. Rest of MEA

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