Global Reporter Tags Market, By Product (Assay kits and Reagents), Type (Beta-galactosidase (b-gal, beta-gal) Antibody, GFP (Green Fluorescent Protein) Antibody, GST (glutathione S-transferase) Antibody, Luciferase Antibody, MBP (Maltose Binding Protein) Antibody)-Industry Trends and Forecast to 2029.
Market Analysis and Size
Reporter genes are nucleic acid sequences that code for proteins that can be tested simply. They are extremely useful instruments for assessing the effectiveness of gene delivery vehicles and gene expression. Reporter genes can also "report" on qualities and events such promoter strength, a gene product's intracellular fate, a result of protein trafficking, and the efficacy of translation initiation signals.
Data Bridge Market Research analyses that the reporter tags market was valued at USD 2.5 billion in 2021 and is likely to reach USD 7.13 billion by 2029, and is expected to grow at a CAGR of 14% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Beta-galactosidase (b-gal, beta-gal) Antibody, GFP (Green Fluorescent Protein) Antibody, GST (glutathione S-transferase) Antibody, Luciferase Antibody, MBP (Maltose Binding Protein) Antibody)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bio-Rad Laboratories, Inc. (US), Promega Corporation (US)
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Market Opportunities
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Market Definition
Reporter tags or genes can be used to track a fragment of DNA's physical location or to monitor gene expression. Reporter genes, in particular, are frequently integrated into gene fusions and used to track the level of expression of the target gene. Many genes produce products that are difficult or time-consuming to measure directly, or are completely unknown.
Reporter Tags Market Dynamics
Drivers
Major factors that are expected to boost the growth of the reporter tags market in the forecast period are as follows:
- Growing funding for cell-based research
The market is growing due to innovations made, as well as an increase in financing for cell-based research, a preference for cell-based assays, and an increase in applications of gene expression.
- Rise in the applications of gene expression
The reporter gene test is used in the research and study of many genetic abnormalities in people and animals. The market is likely to develop due to the need for selectable markers in gene therapy investigations is further anticipated to propel the growth of the market.
- Increase in the preference for cell-based assays
The market is being boosted by structural and functional studies, as well as cell signalling pathways will further accelerate the growth of the market.
Opportunities
In addition, the growing demand for personalized medicine is further estimated to provide potential opportunities for the growth of the reporter tags market in the coming years.
Restraints/Challenges
On the other hand, the increase in the cost of cell biology research is further projected to impede the growth of the reporter tags market in the targeted period. However, the lack of skilled scientists and dearth of advanced infrastructure in advancing countries might further challenge the growth of the reporter tags market in the near future.
This reporter tags market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the reporter tags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Reporter Tags Market
The pandemic of COVID-19 has had a huge impact on the reporter tags market. Pharmaceutical and biotech companies, in collaboration with governments throughout the world, are working to combat the COVID-19 outbreak, from vaccine research to planning for obstacles in the pharmaceutical supply chain. Approximately 115 vaccine candidates and 155 compounds are currently being developed in the research and development pipeline. However, in the post-COVID scenario, the reporter tags market is gradually increasing in demand.
Recent Development
- In August 2019, Pfizer, Inc. invested USD 500 million in expanding its gene therapy production facilities in Sanford, California. The company was able to improve its production of highly specialised medications for the treatment of genetic illnesses as a result of this project.
Global Reporter Tags Market Scope and Market Size
The reporter tags market is segmented on the basis of product and type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Assay kits
- Reagents
On the basis of product, the reporter tags market is segmented into assay kits and reagents.
Type
- Beta-galactosidase (b-gal, beta-gal)
- Antibody, GFP (Green Fluorescent Protein) Antibody
- GST (glutathione S-transferase) Antibody
- Luciferase Antibody
- MBP (Maltose Binding Protein) Antibody
On the basis of type, the reporter tags market is segmented into beta-galactosidase (b-gal, beta-gal) antibody, GFP (Green Fluorescent Protein) antibody, GST (glutathione S-transferase) antibody, luciferase antibody and MBP (Maltose Binding Protein) antibody.
Reporter Tags Market Regional Analysis/Insights
The reporter tags market is analysed and market size insights and trends are provided by country, product and type as referenced above.
The countries covered in the reporter tags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the reporter tags market due to the projects expected by the biotechnology companies. Furthermore, the healthcare facilities to accelerate the development of gene therapies will further boost the growth of the reporter tags market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth of the reporter tags market due to the rise in the prevalence of hereditary disorders. Moreover, the growing financing programs is further anticipated to propel the growth of the reporter tags market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The nuclear imaging devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nuclear imaging devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nuclear imaging devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Reporter Tags Market Share Analysis
The reporter tags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to reporter tags market.
Some of the major players operating in the reporter tags market are:
- Bio-Rad Laboratories, Inc. (US)
- Promega Corporation (US)
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