The global biotechnology reagent market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Biotechnology reagents are the substances or compounds that are used in the field of research, diagnosis, bioscience, and education. These reagents are used to detect or synthesize another substance to provide a test reading. The major factor for the growth of the market is the increasing R&D and new product launches.
For instance, in May 2020, Nautilus Biotechnology announced that it has raised $76 million in an oversubscribed Series B offering Vulcan Capital to develop a next-generation, single-molecule platform for analyzing and quantifying the human proteome. Additionally, in December 2021, Sino Biological, Inc. announced the launch of a panel of research reagents for the newly identified Omicron variant. Furthermore, in May 2020, Aalto Bio Reagents Ltd. announced the availability of the first RNA Lysis buffer reagent. It was used for the pre-treatment of COVID-19 samples before testing.
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Some major players in the market include Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., and Thermo Fisher Scientific Inc., among others. The market players 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, to stay competitive in the market. For instance, in April 2019, Thermo Fisher Scientific launched ready-to-use reagents for genomic DNA purification on kingfisher instruments. The reagents and plastics are pre-dispensed in sealed KingFisher plates which reduces pipetting steps and accelerates extractions while making extractions more consistent.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Technology
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape– Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., and Thermo Fisher Scientific Inc., among others.
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Global Biotechnology Reagent Market Report by Segment
By Technology
Ø Life Science Reagents
· PCR
· Cell Culture
· Hematology
· In-vitro Diagnostics
· Others
Ø Analytical Reagents
· Chromatography
· Mass Spectrometry
· Electrophoresis
· Flow Cytometry
· Others
By Application
· Protein Synthesis and Purification
· Gene Expression
· DNA and RNA Analysis
· Drug Testing
· Others
Global Biotechnology Reagent Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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