Molecular Weight Marker Market worth $472.47 Million by 2019 – New Report by MarketsandMarkets

(PRWEB) February 16, 2015

Molecular weight markers are widely used in life science research. Increased research and development spending by biotechnology companies, government and private sector funding for research and growing partnership between academic, biotechnology & pharmaceutical companies for molecular research will drive the growth of the this market.

The global molecular weight markers market was estimated at a value $265.36 million in 2014. This market is expected to grow at a CAGR of 12.23 % between 2014 and 2019 to reach $472.47 million in 2019.

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The R&D expenditure and number of biotechnology patents are important indicators for this market. Increased research and development spending by pharmaceutical and biotechnology companies aided by increasing public sector funding for basic research which has a strong upward trend worldwide is expected to drive the molecular weight markers market. According to World Bank, North America accounted for 37.74% of the global R&D spending in 2010. The R&D spending in Asia increased from $158.94 billion in 2001 to $329.31 billion in 2010, at a CAGR of 8.43%. In 2010 Asia accounted for 27.13% of the global R&D spending and is expected to grow at a fastest rate in coming years.

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The molecular weight markers market is segmented on the basis of products into DNA, Protein and RNA markers. Of these DNA markers segment had the largest share of the molecular weight markers market in 2014 and is expected to grow at the highest CAGR between 2014 and 2019.

The application segments included in this report are nucleic acid applications and protein applications. The nucleic acid applications had the largest share of the molecular weight marker market in 2014 while the protein application segment is expected to grow at the highest CAGR between 2014 and 2019.

The geographic segments included in this report are North Americas, Europe, Asia and Rest of the World (RoW). North America has the largest share of this market in 2014 while Asia is expected to grow at the fastest rate during the forecast period. Growth in the Asian molecular weight markers market will primarily be driven by the rapid increase in R&D expenditure in this region.

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Molecular Weight Marker Market worth $472.47 Million by 2019 - New Report by MarketsandMarkets