The global biochemical reagents market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). A biochemical reagent is a chemical found in a biological system or a chemical that can be used in biological research. The market is driven by growing awareness of chromatography reagents and the need for biotechnology to control procedures in all health care settings, and the growing demand for international autopsy services from different countries. Moreover,the increased focus on the research and development in the field of biochemical reagents serves as a major driver of the biochemical reagents market and these key players are focused on increasing the use of biochemical reagents in healthcare sectors.
Additionally, the rise in the prevalence of cell & tissue culture reagents has created a demand for the development of new regents for its treatment which in turn drives the global biochemical reagents market growth., Many biochemical reagents are used in the diagnosis and diagnosis of chronic diseases therefore significant increase in prevalence of chronic diseases has created demand for biochemical reagents market.
Furthermore, increased government funding for R&D, greater collaboration between cancer to improve the biochemical reagents and public awareness of early diagnosis and treatment will promote the growth of the market for biochemical reagents market. Leading pharmaceutical companies are focusing on the development of biochemical reagents for cell & tissue culture reagents treatment. Therefore, the development of advanced analytical technologies, such as polymerase chain sequences, next-generation sequences, and biochips drives the global market for biochemical reagents.
GlaxoSmithKline plc, Beckton, Dickinson & Company Inc, Merck & Co. Inc., Abbott Laboratories Ltd, and Agilent Technologies, Inc., are the key market players that are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches. For instance, in October 2019, proteomics is ranked as the largest market share of research antibodies and biochemical reagents, due to the increased intake of research antibodies in the rapidly growing biochemical reagent market. Moreover, the increase in proteomic research is due to the growing need to design drugs that work better for protein-based disease, increased demand for personal and protein therapy, and increased government spending by private companies on the biochemical reagents market.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product Type
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top Major Key Players:
Merck & Co., Inc., GlaxoSmithKline plc, Sanofi SA, Pfizer Inc., and Cipla Inc. Ltd., among 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?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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Global Biochemical Reagents Market Report by Segment
By Product Type
Polymerase Chain Reaction Reagent Kits
Cell & Tissue Culture Reagents
Electrophoresis Reagents
Chromatography Reagents
Others
By End-Users
Biotechnology Companies
Pharmaceutical Companies
Research Institutes
others
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