Biotechnology Reagents Market Insights Report,	 Industry Analysis With Merck Group, GE, Abbott, Siemens, BD, Bio-Rad Laboratories, Lonza, Promega Corporation, Danaher, Roche, bioMérieux, Agilent
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Biotechnology Reagents Market Insights Report, Industry Analysis With Merck Group, GE, Abbott, Siemens, BD, Bio-Rad Laboratories, Lonza, Promega Corporation, Danaher, Roche, bioMérieux, Agilent

The key areas covered in the report are market definition, market segmentation, competitive analysis and research methodology. What is more, the market research data of Biotechnology Reagents Market report is interpreted by using established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis. This market report also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the Biotechnology Reagents industry. For a booming business, it is quite necessary to get knowledgeable about consumer’s demands, preferences, attitudes and their varying tastes about the particular product. And this Biotechnology Reagents Market report is right there to solve this purpose comprehensively.

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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. 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.

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.

Market Drivers

  • Increasing interest in stem cell research
  • Increasing usage of reagents in commercial and research fields

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Key Developments in the 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.

 Segmentation: Global Biotechnology Reagents Market

By Technology

Life Sciences

Analytical

By Applications

Protein Synthesis & Purification

Gene Expression

DNA & RNA Analysis

Drug Testing

By Geography

North America (U.S., Canada, Mexico)

South America (Brazil, Argentina, Rest of South America)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)

Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)

Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)

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