The global luciferase assay kits market is characterized by its pivotal role in functional gene expression studies. Unlike other assays that merely evaluate protein-DNA interactions, luciferase assays establish a functional connection between protein presence and gene product output. This attribute makes them indispensable for assessing a protein's capacity to activate or suppress gene expression. The market's growth is propelled by the increasing demand across diverse industries, including pharmaceuticals, biotechnology, and research, as researchers seek accurate and versatile tools to decipher complex cellular processes.
According to Data Bridge Market Research, the Global Luciferase Assay Kits Market is expected to grow at a CAGR of 8.74% during the forecast period of 2022 to 2029.
“Escalating adoption of these kits across diverse end-use industries facilitate market growth”
The global luciferase assay kits market is driven by the escalating adoption of these kits across diverse end-use industries. As pharmaceutical, biotechnology, academic, and clinical research sectors increasingly recognize the value of luciferase assays for studying cellular processes and gene expression, demand surges. The versatility of luciferase assays in drug discovery, disease diagnostics, and genetic research amplifies their importance. This trend reflects a growing recognition of the efficacy and applicability of luciferase assay kits, propelling their market growth and spurring innovation in the field.
What restraints the growth of global luciferase assay kits market?
“The rising cost of cell biology research”
In the global luciferase assay kits market, the rising cost of cell biology research presents a significant challenge. As cell biology research becomes increasingly intricate and sophisticated, the costs associated with laboratory equipment, reagents, and skilled personnel escalate. This financial burden affects the adoption of luciferase assay kits, which are essential tools for studying cellular processes.
Segmentation: Global Luciferase Assay Kits Market
The Luciferase Assay Kits market is segmented on the basis of application, component and end user.
- On the basis of application, luciferase assay kits market is segmented into cell signaling pathways, promoter structural and functional analysis, gene regulation and protein interaction.
- On the basis of component, luciferase assay kits market is segmented into d-luciferin, 5 x firefly luciferase lysis buffers and firefly luciferase assay buffer (lyophilized).
- On the basis of end user, the luciferase assay kits market has been segmented into academic and research institutes, pharmaceutical and biotechnology companies, contract research organizations (CROS) and hospital and diagnostic laboratories.
Regional Insights: Asia-Pacific is expected to dominate the Global Luciferase Assay Kits Market
The luciferase assay kits market is predominantly led by the Asia-Pacific region for several reasons. The presence of a substantial number of market players in this region contributes to its dominance. Additionally, the flourishing healthcare industry and the steady increase in per capita income within Asia-Pacific bolster the demand for luciferase assay kits. As research and clinical applications expand, the region's robust infrastructure and economic growth create a conducive environment for the adoption of these kits, driving their market growth across various sectors.
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Recent Developments in Global Luciferase Assay Kits Market
In August 2019, Pfizer, Inc. invested USD 500 million to expand its gene therapy manufacturing facility in Sanford, California. This strategic move aimed to enhance the company's production capabilities for specialized medicines targeted at genetic disorders. The investment marked Pfizer's commitment to advancing gene therapy solutions and improving access to treatments for individuals affected by genetic conditions.
The Prominent Key Players Operating in the Global Luciferase Assay Kits Market Include:
- Merck KGaA (Germany)
- Thermo Fisher Scientific Inc. (U.S.)
- Promega Corporation (U.S.)
- PerkinElmer Inc. (U.S.)
- Biotium (U.S.)
- Abcam plc (U.K.)
- Bio-Rad Laboratories, Inc. (U.S.)
- BD (U.S.)
- Geno Technology Inc. (U.S.)
- GeneCopoeia, Inc. (U.S.)
- InvivoGen (U.S.)
- PromoCell GmbH (Germany)
- OZ Biosciences (France)
- Novus Biologicals (U.S.)
- New England Biolabs (U.S.)
- Takara Bio Inc. (Japan)
- Cell Technology (U.S.)
- AAT Bioquest, Inc. (U.S.)
- Molecular Devices, LLC (U.S.)
- Active Motif, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global luciferase assay kits market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Luciferase Assay Kits Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
