According to the new market research report “Nucleic Acid Labeling Market by Product (Reagents & Kits, Services), Applications, Labeling Techniques (PCR, Nick Translation, Random Primer, In Vitro Transcription, Reverse Transcription, End Labeling), by Region – Global Forecast to 2020, published by MarketsandMarkets™, The global nucleic acid labeling market is expected to USD 1,925.7 Million by 2020 from USD 1271.8 Million in 2015, at a CAGR of 8.65% between 2015 and 2020.

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The global nucleic acid labeling market is expected to USD 1,925.7 Million by 2020 from USD 1271.8 Million in 2015, at a CAGR of 8.65% between 2015 and 2020. Nucleic acid can be labeled using several different methods including incorporation of fluorescent tags, biotin, and enzymes. The labeled nucleic acid can be used for a variety of applications, including DNA sequencing, PCR, FISH, microarrays, blotting, and in situ hybridization. This market report studies the potential of reagents & kits and services for various applications by using PCR, nick translation, random primer labeling techniques.

The major drivers for the market include the increasing healthcare expenditure impacting personalized health technologies; increase in genomics research; rise in disease diagnosis; and increase in R&D spending. On the other hand high competition and lack of skilled professionals in transcriptomics field are the major factors restraining the growth of this market.

This report segments the global nucleic acid labeling market by product, labeling technique, application, and geography. By product, the market includes reagents & kits and services. The reagents & kits segment is further divided into labels and probes. The labeling technique segment includes PCR, nick translation, random primer, in vitro transcription, reverse transcription, and end labeling. The application segments included in this report are DNA sequencing, PCR, FISH, microarray, blotting, in situ hybridization and other applications.

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Geographic analysis reveals that North America accounted for the largest share of the global nucleic acid labeling market in 2015. Growth in this market can be attributed to the increase in growth of genomics research and increasing R & D spending. The Asian regional segment, on the other hand, is expected to register a double-digit growth from 2015 to 2020, owning to the increased R&D spending. R&D spending in Asia increased from USD 177 Billion in 2003 to USD 329 Billion in 2010, at a CAGR of 9.29%. The R&D spending in Asia accounted for 27.13% of global R&D expenditure in 2010.

The major players in this market include Thermo Fisher Scientific, Inc. (U.S.), New England Biolabs (U.S.), PerkinElmer, Inc. (U.S.), F. Hoffmann La-Roche AG (Switzerland), General Electric Company (U.S.), Merck KGaA (Germany), Enzo Biochem (U.S.), Promega Corporation (U.S.), Vector Laboratories (U.S.), and Agilent Technologies (U.S.).

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