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(MoneyNewsWire.Net, May 02, 2018 ) The Latin America Nucleic Acid Labelling Market was worth $165.82 million in 2016 and estimated to be growing at a CAGR of 8.65%, to reach $255.13 million by 2021. Nucleic Acid Labelling have many applications in fields of drug discovery and identification of new diseases.
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Nucleic Acid Labelling has significant applications in DNA Sequencing. Knowledge of DNA sequences has become indispensable for basic biological research, and in numerous applied fields such as medical diagnosis, biotechnology, forensic biology, virology and biological systematics. DNA sequencing is the process of determining the precise order of nucleotides within a DNA molecule. The advent of rapid DNA sequencing methods has greatly accelerated biological and medical research and discovery.
Primary factors driving the market forward are increasing demand for personalized healthcare, increasing funding for R&D in genomics and disease diagnosis, increasing expenditure for health care. On the other hand, factors like expensive processing techniques and lack of skilled professionals are likely to restrict the growth of market.
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The Latin America market for Nucleic Acid Labelling is segmented based on Product, Labelling Technique, Application and End-User. Based on Product Reagents and Kits, Services. Based on Labelling Technique PCR, Nick Translation, Random Primer, In-Vitro Transcription, Reverse Transcription. Based on Application DNA Sequencing, PCR, Fluorescence in Situ Hybridization (FISH), Microarrays, Blotting, In-Situ Hybridization. Based on End-Users Diagnostic Centres, Research Centres, Hospitals. Based on Geographical analysis the market is separated into regions of Brazil, Argentina, Mexico and Rest of Latin America. Brazil is leading the market while Argentina is at second place. Increasing personalized medicines, identifying the genetic modifications and therapeutic areas have enabled Brazil to dominate the market. Argentina is expected to grow the fastest due to government initiatives to develop healthcare infrastructure and making the products cost efficient and increased R&D expenditure. DNA sequencing occupies major share in terms of Applications due to its uses in identification of genetic disorders, tumour genetic variations. Reagents and Kits occupy major share among products segment due to their numerous uses in Diagnostic and Research Centres. Based on End User Research Centres occupy the major share owing to increasing government funding to increase research activity and drug discovery.
Some of the key players dominating this market include Thermo Fisher Scientific, New England Biolabs, PerkinElmer, F. Hoffmann La-Roche AG, General Electric Company, Merck KGaA, Enzo Biochem, Promega Corporation, Vector Laboratories, and Agilent Technologies.
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