The biotechnology reagents global market is predicted to evolve at 9.99% of CAGR over the forecast period of 2018-2026
The global biotechnology reagents market is predicted to evolve at 9.99% of CAGR over the forecast period
of 2018-2026. Factors such as rising investments in biotechnology by corporate
as well as research organizations,
changing biotechnology landscape, and the rising use of proteomic technology
for high-throughput and high-resolution identification of cancer biomarkers are
mainly responsible for driving the market across the globe.
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MARKET
INSIGHTS
The global biotechnology
reagents market is segmented on the basis of technology and applications.
Technology can further be segmented into
Life science reagents and analytical reagents. In
terms of analytical reagents, Flow cytometry is growing rapidly with the
highest growth rate. However, the life science reagent segment is expected to
grow with the highest revenue. The applications for this market are DNA &
RNA analysis, protein synthesis & purification, gene expression, and drug
testing. The most popular application segment for the market is gene
expression. The various advances in stem cell research and environmental
biotechnology are presenting the market with potential growth opportunities.
However, the fast-moving technological advancements resulting in increased cost
of biopharmaceuticals and the various contamination issues for cell cultures
are the major factors restraining the market growth.
REGIONAL
INSIGHTS
The global biotechnology
reagents market is segmented into four
major regions like North America, Asia-Pacific, Europe and Rest of World. The
North American region is expected to hold the highest market share by the end
of the forecast period with the U.S being a major contributor to the region. This exceptional growth is a
direct result of the booming pharmaceutical industry, rising demand for personalized medicine and growing demand for
GMO crops in the region. On the other hand, the Asia-Pacific market is
predicted to be the fastest-growing region over the forecasting period with
countries like China, India, and Japan being its key contributors.
COMPETITIVE
INSIGHTS
Some of the
well-established companies in the global market are Abbott Laboratories,
Agilent Technologies Inc., Beckman Coulter Inc., Becton, Dickinson &
Company (BD), Biomerieux (holding company is Biomérieux S.A), Bio-Rad
Laboratories Inc., Bio-Techne Corporation, Biotime Inc., C.B.S. Scientific
Company Inc., Cyano Biotech Gmbh, Ge Healthcare, Invivoscribe Technologies
Inc., Lonza Group Ltd., Meridian Biosciences Inc., PerkinElmer, Signalchem Lifesciences
Corp, and Thermo Fisher.

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