The global sales of drosophila bottles are estimated to be worth USD 49.7 million in 2021 and are anticipated to reach a value of USD 86.2 million by 2031. Sales are projected to rise at a CAGR of 5.7% over the forecast period between 2021 and 2031. The revenue generated by drosophila bottles market in 2020 was USD 47 million.
Growing genetic research and developmental biology studies, increased application of the model organism, Drosophila melanogaster, owing to growth in scientific research and biotechnology, has surged demand for special containers. Increased funding of academic research and rise in the number of research institutions across different countries facilitate market growth.
Other reasons for this demand are technological advances in the design of the bottles, such as better sterilization and convenience features. The increasing interest in personalized medicine and genetic therapies also drives the market, since research involving Drosophila is of paramount importance in studies of genetic disorders.
Global Drosophila Bottles Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 47 million |
| Estimated Size, 2021 | USD 49.7 million |
| Projected Size, 2031 | USD 86.2 million |
| Value-based CAGR (2021 to 2031) | 5.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Genetic market is growing every year and future of healthcare industry is in the gene-therapy, the biotech companies are focusing on increasing the product range in gene therapy market and they are trying hard by raising funds for research and development in genetic studies which increases the consumption of drosophila bottles in the market and hence drives the demand globally.
The increasing healthcare expenditure and government raising funds for research and development in their particular region helps in boosting the market growth globally.
Drosophila melanogaster is the widely used fly for the genetic sequence study and scientist needs the bottles for culturing the media for the flies hence boosts the market demand.
USA and Canada are the leading region in relevance to research and development, the expenditure on the healthcare sector is highest in the region as compared globally, hence this defines the top position of USA and Canada in the drosophila bottles market. The presence of technically advanced laboratories for research, raising funds in R&D sector, boosts the growth of the market in the region.
Most of biotech companies are established in North American region hence the R&D sector is vast in the region which is focusing on the Bio-genetic therapies which hikes the growth of the market.
Principal Consultant
Considering the healthcare sector Europe is at the second position in market. The research and development sector are much advanced and is enough able to crack down the developments hard and fast, hence the consumption of drosophila bottle is increasing every year which drives the growth of the market. The fund raising in R&D sector by the government drives the market growth in the region
Asia pacific is the fastest developing region in the world hence forth the market will grow thrivingly in the region, India and China are two main developing hubs of Asia pacific, Due to presence of raw material, wide forest land and large number of skilled labours the region is on the way to fly high and will definitely attain to its aim in forecast period.
According to FMI analysis
are identified as the key players of the Drosophila Bottles Market.
ELSE-nnovation Life Science provides high quality of drosophila bottles with premium quality of Polystyrene, k-resins, and polypropylene.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Explore Packaging Insights
View Reports
Drosophila Bottles Market
