Research and analysis about the key developments in the market, major competitors and detailed competitor analysis covered in this Biotechnology Reagents Market report helps businesses imagine the bigger picture of the market place which ultimately assists in defining superior business strategies. This report also provides notable data, present market trends, future events, market environment, technological innovation, forthcoming technologies and the technical advancement in the relevant industry. Biotechnology Reagents Market research report bestows clients with the best results and for the same it has been produced by using integrated approaches and latest technology.
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The study conducted for Healthcare industry also analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors with the help of SWOT analysis and Porter’s Five Forces Analysis. It all-inclusively estimates general market conditions, the growth prospects in the market, possible restrictions, significant industry trends, market size, market share, sales volume & future trends. This Biotechnology Reagents Market report has been prepared with the combination of steps which employs a nice blend of industry insights, practical solutions, and latest tools and technologies.
Market Analysis: Global Biotechnology Reagents Market
Global biotechnology reagents market is expected to rise from its initial estimated value of USD 65.82 billion in 2018 to an estimated value of USD 118.53 billion by 2026, registering a CAGR of 7.63% in the forecast period of 2019-2026. This rise in market value can be attributed to the significant investments by private players in biotechnology.
Key Market Competitors:
Few of the major competitors currently working in the biotechnology reagents market are Abbott, Agilent Technologies Inc., Danaher, BD, Bio-Rad Laboratories Inc., General Electric, bioMérieux SA, LONZA, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Hoefer, Inc., Meridian Bioscience, Inc., PerkinElmer Inc., Merck KGaA, Promega Corporation, Quality Biological, Siemens AG, Bio-Techne, TAKARA HOLDINGS INC., Sysmex Corporation, Tosoh Corporation, WATERS, W. R. Grace & Co.-Conn., Ortho Clinical Diagnostics, Olympus Corporation and Fitzgerald Industries International among others.
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Market Definition: Global Biotechnology Reagents Market
Biotechnology reagents are the substances or compounds used to detect or synthesize another substance in order to provide a test reading. These reagents are used in the field of research, genetics, molecular biology, diagnosis, immunology and bioscience. Biotechnology reagents comprises of technologies such as cell culture, spectrometry, IVD, PCR, chromatography, expression and transfection, flow cytometry, and electrophoresis, and find their application in areas such as immune phenotyping, fluorescent microscopy, DNA analysis and cell cycle analysis.
According to the Innovative Research, in U.S., around 65% of biotech companies are involved in drug developed with an intention to serve them for medical purposes and pharmaceuticals. Growing number of biotechnology firms in various countries is expected to act as a driver for the market growth.
Biotechnology Reagents Market Drivers :
- Increasing interest in stem cell research
- Increasing usage of reagents in commercial and research fields
Biotechnology Reagents Market Restraints :
- Stringent government regulations for the approval of reagents
- High cost of reagents will act as a restraint for the market
Segmentation: Global Biotechnology Reagents Market
Biotechnology Reagents Market : By Technology
- Life Sciences
- Analytical
Biotechnology Reagents Market : By Applications
- Protein Synthesis & Purification
- Gene Expression
- DNA & RNA Analysis
- Drug Testing
Biotechnology Reagents Market : By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Key Developments in the Biotechnology Reagents Market :
- In March, 2019, Thermo Fisher acquired Brammer Bio for approximately $1.7 billion in cash. This acquisition is designed to gain buyer’s presence in gene therapy with the viral vector contract development and manufacturing organization (CDMO).
- In February 2019, Bio-techne signs a strategic cooperation agreement in the precision medicine field with Lisen Imprinting Diagnostics. This agreement will help both the companies to accelerate the development of molecular diagnostics in the Chinese market.
Reasons to Purchase this Report :
- Current and future of global biotechnology reagents market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report :
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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