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Legalizing US Documents for Recognition in UAE

Posted by China Embassy on February 24, 2024 at 5:49am 0 Comments

In an increasingly globalized world, the need for authenticating documents for international use has become crucial. For individuals and businesses seeking to engage in activities in the United Arab Emirates (UAE), ensuring the proper authentication of US documents is essential. This process, known as UAE Legalization, plays a vital role in validating the authenticity of US documents to be recognized in the UAE's legal system and other official capacities.

Understanding the…

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The Future Of Play-To-Earn Blockchain Games In 2024: Burnout Or Revival?

Posted by Poddar College on February 24, 2024 at 5:49am 0 Comments

The Future Of Play-To-Earn Blockchain Games In 2024: Burnout Or Revival?

Mr. Anshul Gupta

Assistant Professor

Poddar International College, Jaipur

________________________________________________________________

Introduction: In recent years, play-to-earn blockchain games have emerged as a disruptive force in the gaming industry, offering players the opportunity to earn real-world rewards through gameplay. However, as the market matures and competition…

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Molecular Biology Enzymes Market to Grow at 14.2% CAGR in the Near Future

Objectives of the Study:

# To define, describe, and forecast the molecular biology enzymes and kits & reagents market based on product, application, end users and region.
# To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, challenges, opportunities, and trends).
# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall molecular biology enzymes and kits & reagents market.
# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
# To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Rest of the World.
# To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.
# To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements, partnerships, and R&D activities in the molecular biology enzymes and kits & reagents market.

Growth Boosting Factors:

Increased research activities and R&D investments in the life science industry, an increase in genome projects, technological advancements in the life science industry, and an increase in the incidence of genetic disorders are some of the factors driving growth in the molecular biology enzymes and kits & reagents market.

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Projected Growth in Revenue Growth:

The global molecular biology enzymes market in terms of revenue was estimated to be worth $15.3 billion in 2021 and is poised to reach $29.7 billion by 2026, growing at a CAGR of 14.2% from 2021 to 2026.

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the molecular biology enzymes and kits & reagents market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and market have been identified through extensive secondary research
# The revenues generated from the molecular biology enzymes and kits & reagents business of leading players have been determined through primary and secondary research
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

The kits & reagents segment accounted for the largest share of the product segment in the molecular biology enzymes and kits & reagents market in 2020.

Based on products, the molecular biology enzymes and kits & reagents market is segmented into enzymes and kits & reagents. The kits & reagents segment accounted for the largest share of 85.9% of the global molecular biology enzymes and kits & reagents market in 2020. The large share of this segment can primarily be attributed to the repeat purchase of these single-use products.

The polymerase chain reaction (PCR) segment accounted for the largest share of the application segment in the molecular biology enzymes and kits & reagents market in 2020

Based on applications, the global molecular biology enzymes and kits & reagents market is segmented into polymerase chain reaction (PCR), sequencing, cloning, epigenetics, restriction digestion, synthetic biology, and other applications (mutagenesis, in vitro transcription, and molecular labeling & detection). The polymerase chain reaction (PCR) segment accounted for the largest share of 28.3% of the molecular biology enzymes and kits & reagents market in 2020, mainly due to the low cost of PCR equipment, the extensive use of PCR equipment by a majority of end users, and the increasing use of PCR for molecular diagnostic assays in hospitals and clinics.

Geographical Growth Dynamics:

North America was the largest regional market for molecular biology enzymes and kits & reagents in 2020.

Geographically, the molecular biology enzymes markets is segmented into North America, Europe, Asia Pacific, RoW. In 2020, North America accounted for the largest share of the molecular biology enzymes and kits & reagents market, followed by Europe & Asia Pacific. The large share of North America in the global market can be attributed to the increasing research funds in translational and clinical research, the growing number of pharmaceutical and biotechnology companies, favourable reimbursement scenario for molecular diagnostics, and the growing investments in research projects in Canada.

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Global Leading Companies:

The global molecular biology enzymes and kits & reagents market is highly consolidated. Key players in the molecular biology enzymes and kits & reagents market include Thermo Fisher (US), Merck (Germany), Illumina (US), QIAGEN (Netherlands), New England Biolabs (US), Promega (US), Agilent (US), Roche (Switzerland), Takara Bio (Japan), Bio Basic (Canada), Jena Bioscience (Germany), Molecular Biology Resources (US), Bio-Rad Laboratories, Inc. (US).

Recent Developments:

# In February 2021, Thermo Fisher Acquired Mesa Biotech to expand its Life Sciences Solutions business segment. Through this acquisition, the revenue of this segment is expected to increase by approximately USD 200 million in 2021.

# In October 2020, New England Biolabs (US) launched the Luna Probe One-Step RT-qPCR 4X Mix with UDG.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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