The 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.
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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.
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.
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 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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