Market Size of Molecular Weight Marker Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.76 Billion |
| Market Size (2029) | USD 1.40 Billion |
| CAGR (2024 - 2029) | 13.17 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Molecular Weight Marker Market Analysis
The Molecular Weight Marker Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.40 billion by 2029, growing at a CAGR of 13.17% during the forecast period (2024-2029).
- During the pandemic, the research and development activities of pharmaceutical and biotechnology companies increased significantly, leading to a rise in the usage of molecular weight markers. Genomic technologies were employed by researchers worldwide to better understand the biology of SARS-CoV-2 and its evolution, leading to an increase in genomic research, which also raised the usage of molecular weight markers. Although the pandemic initially impacted the market, it is expected to have stable growth during the forecast period of the study due to other applications.
- The market growth is expected to be boosted by factors such as increasing investment in R&D and a growing focus on proteomics and genomics technologies research. The increasing research and development investments by major pharmaceutical and biotechnology companies are one of the major factors driving the usage of molecular weight markers. For example, Pfizer invested heavily in R&D, with USD 13,829 million in FY 2021, compared to USD 9,343 million in the past year. Similarly, Biocon Biologics Limited plans to increase its R&D investments heavily by 10-15% in the next financial year (FY 2023) to drive future growth.
- Furthermore, the increasing research on proteomics and genomics is expected to boost market growth. With the increased usage of ladder systems in proteomic and genomic research, the usage of molecular weight markers is also expected to increase during the forecast period of the study. Additionally, the rising developments of such protein ladders or molecular weight markers, such as those developed by undergraduate students at Penn State, are also expected to boost the growth of the studied market.
- However, the lack of skilled healthcare professionals and strict government regulations are expected to impede the market growth. Overall, the above-mentioned factors, such as increasing investment in R&D and a growing focus on proteomics and genomics technologies research, are expected to drive market growth, despite the challenges posed by regulations and a shortage of skilled professionals.
