The luciferase assay is utilized in the determination of whether a protein can repress or activate the expression of a gene that has been targeted. This assay is capable of establishing a functional connection between amount of gene and protein in the produced item. Luciferase assays enable the study of cell viability, virus life cycles, and transcriptional gene expression and it makes them important tool for the development of drug in various applications, such as cell proliferation, cytotoxicity, and reporter gene. It is also utilized in the monitoring of kinase activity. Luciferase assay is widely utilized as a reporter for the purpose of examining and studying function and regulation of gene and for screening of pharmaceuticals. Such multiple and important uses is likely to foster development of the global luciferase assays market over the tenure of projection, from 2020 to 2030.
This new report on global luciferase assays market has made every effort and made utmost utilization of available resources to come with a study that would cater to the needs of the stakeholders in the said market. Multi-disciplinary approaches have been put to use to come at conclusions and forecast figures that have been presented in the report.
The Global Luciferase Assays Market has been classified on the basis of type, application, and region in a bid to offer better insight into the market.
The global luciferase assays market has experienced some path-breaking, important developments over the last few years. The market is considered fairly fragmented one with the presence of a number of prominent pharma manufacturers across the globe. Most of the leading players in the global luciferase assays market are relying on relentless research and development activities to come up with better, improved product in the market. Strategic mergers and acquisitions are also expected to play important role in shaping the future course of the market.
Some of the prominent companies in the global luciferase assays market are mentioned below:
The global luciferase assays market is characterized by the prevalence of the following challenges, market drivers, and promising opportunities.
Increasing demand for research and study pertaining to gene expression is likely to result in augmented demand for luciferase assay. In addition to that, luciferase assay has come up as a powerful tool in genetic engineering and molecular biology and they have resulted in the replacement of chloramphenicol acetyltrans-ferase gene as a reporter. Growing importance of this assay is likely to foster development of the global luciferase assays market over the timeframe of analysis, from 2020 to 2030.
At present, bioluminescence is competing with chemiluminescence and is filling its very own niches at the same time. There has been a considerable technological development in the said field and it has led to the existing luciferase technologies to be able to visualize gene expression at single-cell resolution quantitatively. It makes use of single-cell resolution through the process of imaging its luminescence in real time utilizing a CCD (charged-coupled device) camera. Technological progress is likely to come up as an important growth factor for the global luciferase assays market over the timeframe of projection, from 2020 to 2030.
So far regional segmentation is concerned, North America is projected to emerge as one of the dominating regions in the global luciferase assays market and is likely to continue with its regional supremacy throughout the forecast period, from 2020 to 2030. Increased funding by government to carry out research activities is likely to work in favor of the luciferase assays market in North America.