Middle East and Africa Reporter Gene Assay Market Size and Growth Rate:
The Middle East and Africa (MEA) reporter gene assays market is projected to reach USD 2.6 billion by 2024 from USD 1.6 billion in 2018, at a CAGR of 10.1%.
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Middle East and Africa Reporter Gene Assay Market Growth Drivers and Restraints:
The market is anticipated to grow in the forecast period owing to driving factors such as rising on account of advancements, increasing funding for cell-based research, growing applications of gene expressions and a rising preference for cell-based assays. Nevertheless, the high cost of cell biology research is expected to restrict the market in the MEA during the forecast period.
The demand within the regional reporter gene assay market has been rising on account of advancements in the field of molecular biology. The study of genes and protein structures is a key area of study within molecular biology, and several experiments and researches have been conducted in this regard. Furthermore, the need for a seamless industry for gene sequencing has also aided market growth. There is a high possibility of new revenues flowing into the MEA reporter gene assay market in the years to come.
Middle East and Africa Reporter Gene Assay Market Geographical Segmentation:
The MEA market has been expanding at a stellar pace in recent times. The presence of a sound domain for genetics within molecular biology has played a vital role in market growth. Moreover, the study of genetic diseases in animals and humans is can also be initiated and accomplished with the help of market. The need for selectable markers in gene therapy studies is amongst the most prominent drivers of demand within the regional market. The possibility of using reporter gene assay in DNA constructs has also increased in recent times.
KeyPlayers of the Middle East and Africa Reporter Gene Assay Market:
The prominent players in the MEA reporter gene assays market are Merck KGaA, Thermo Fisher Scientific, Promega Corporation, PerkinElmer, Biotium, Abcam plc, Bio-Rad Laboratories, Becton, Dickinson and Company, Danaher Corporation, Geno Technology, Genecopoeia, InvivoGen, and PromoCell.
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