Global Biotechnology Reagents Market Forecast 2017-2025

Published: September 2017
No. of Pages: 135
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Key Findings
The Global Biotechnology reagents market is predicted to exhibit a growth in the CAGR of 9.86% over the forecast period of 2017-2025. The revenue generated by the market is also expected to rise from $ 53586 million in 2016 to $122694 million by the end of 2025. 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 this market.

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 fast. However, it is the life science reagent segment that is expected to rake in the highest revenue. The applications for this market can be observed in 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 spread over four major regions: 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 for the region (73% as of 2016). 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, it is the Asia-Pacific market which is predicted to exhibit the fastest-growing over the forecast 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, Beckman Coulter Inc, Agilent Technologies Inc, Becton, Dickinson & Company, Bio-Rad Laboratories Inc, Biomerieux (Holding Company Is Biomérieux S.A), Bio-Techne Corporation, C.B.S. Scientific Company Inc, Biotime Inc, Cyano Biotech GmbH, Invivoscribe Technologies Inc, Ge Healthcare, Meridian Biosciences Inc, Lonza Group Ltd, PerkinElmer, Thermo , and Signalchem Lifesciences Corp.

Published By: Inkwood Research
Product Code: Inkwood Research196

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