The global biotechnology reagent market is expected to grow at a 9.4% CAGR during the forecast period (2024-2031). The biotechnology reagents are being used across wide range of areas including basic science, biomedical research, and therapeutics. Thus, further forcing several key biotechnology companies for investing in R&D, which will fuel the demand for biotechnology reagents in various sectors such as pharmaceutical, biopharmaceutical, Agri-biotech, and food & beverages. In addition, many companies are partnering with other companies to develop better reagents. For instance, in July 2019, Merck KGaA partnered with the Scripps Research Institute (TSRI) to work on new reagents, and with this merger, the information can share easily between two parties which helps in the growth of the new reagents and companies also.
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However, the high cost of biopharmaceutical research and drug development, and contamination issues are the major factors hampering the market growth of the Biotechnology Reagents. Furthermore, the complexities and cost of biopharmaceutical research have also increased, which is hampering the research and development process, and further, hindering the growth of the market.
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Market Coverage
Segment Covered-
- By Life Science Reagents
- By Analytical Reagents
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Agilent Technologies, Inc., Becton Dickinson & Company, Bio-Rad Laboratories, Inc., Sino Biological, Inc., Thermo Fisher Scientific Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Biotechnology Reagent Market Report Segment
By Life Science Reagents
- Polymerase chain reaction (PCR)
- Cell Culture
- Hematology
- In-vitro Diagnostics
- Others
- Analytical Reagents
- Chromatography
- Mass Spectrometry
- Electrophoresis
- Flow Cytometry
- Others
By Application
- Protein Synthesis and Purification
- Gene Expression
- DNA and RNA Analysis
- Drug Testing
- Others
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