Authored By: Sarah
25 Jun 2024

 Biotechnology Reagents Market Size to grow by USD 40261.9 million between 2024-2028

According to a research report “ Biotechnology Reagents Market” by Technology (Chromatography, In-vitro diagnostics, Polymerase chain reaction, Cell culture, Others) Application (Protein synthesis and purification, Gene expression, DNA and RNA analysis, Drug testing, ) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 40261.9 million, at a CAGR of  7.81% during the forecast period. In the dynamic and innovative realm of biotechnology, the demand for reagents is surging due to their integral role in various applications, particularly in laboratories, hospitals, and research centers. The burgeoning fields of cell culture, recombinant DNA, biotherapeutics, neurosciences, and proteomics are driving the production of essential human therapeutic agents, thereby fueling the market growth for biotechnology reagents. The demand is particularly high in stem cell culture research for basic research, toxicity tests, and drug discovery. Moreover, the adoption of ready-to-use reagents in clinical laboratories and hospitals is increasing due to their convenience and minimized errors in calculation, dilution, and pipetting.

Browse market data tables, figures, and in-depth TOC on “Biotechnology Reagents Market” by Technology (Chromatography, In-vitro diagnostics, Polymerase chain reaction, Cell culture, Others) Application (Protein synthesis and purification, Gene expression, DNA and RNA analysis, Drug testing, ) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Technology, the Chromatography segment is projected to dominate the market size in 2024

In the realm of biotechnology, gene expression refers to the intricate process by which genetic information is translated into functional proteins or RNA. This process is meticulously regulated, undergoing significant modifications in response to varying conditions and cell types. Key players in this field, such as PerkinElmer's SIRION Biotech, are pioneering advancements in gene therapy through the development of innovative viral vector-based technologies. For instance, in February 2022, SIRION Biotech announced a collaboration with the Centre for Genomic Regulation to produce next-generation adeno-associated viral (AAV) vectors for the treatment of type 1 and type 2 diabetes through gene therapy in the pancreas. This strategic partnership underscores the ongoing commitment of biotechnology companies to revolutionize gene expression research and its potential applications.

By Application, Protein synthesis and purification  segment is expected to hold the largest market size for the year 2024

In the realm of biotechnology, chromatography plays a pivotal role as an essential separation technique for purifying and analyzing biomolecules and compounds. This technique involves the interaction between a mobile phase and a stationary phase within a sample, which is commonly employed in life sciences, environmental testing, and food and beverage industries. Chromatography's primary applications include the separation, quantification, and identification of low-concentrate drug analytes. Chromatography techniques exhibit diverse classifications, primarily based on the mobile phase, which distinguishes liquid and gas chromatography. Furthermore, based on the characteristics of the compound of interest, chromatography is categorized into ion exchange, size exclusion, adsorption, hydrophobic, mixed-mode, and affinity chromatography. In the process of chromatography, reagents are indispensable for locating separated components. These reagents are typically applied through the spraying of chemicals such as ninhydrin, enhancing the detection and identification of the separated compounds. Overall, chromatography reagents play a crucial role in optimizing the efficiency and accuracy of this critical technique in various industries.

North America is forecasted to hold the largest market size by region in 2024

The Biotechnology Reagents Market represents a significant business opportunity for suppliers due to the increasing demand for advanced reagents in various applications, including research, diagnostics, and bioproduction. These reagents facilitate critical processes such as gene expression, protein purification, and DNA sequencing. Market growth is driven by factors like technological advancements, regulatory approvals, and rising healthcare expenditures. Strategic collaborations and product innovations are essential for companies to maintain a competitive edge in this dynamic market.

The Biotechnology Reagents Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Becton Dickinson and Co.
  • Bio Rad Laboratories Inc.
  • bioMerieux SA
  • Danaher Corp.
  • F. Hoffmann La Roche Ltd.
  • Illumina Inc.
  • Lonza Group Ltd.
  • Merck KGaA
  • Meridian Bioscience Inc.
  • New England Biolabs Inc.
  • Perkin Elmer Inc.
  • Promega Corp.
  • QIAGEN NV
  • Siemens AG
  • Sysmex Corp.
  • Thermo Fisher Scientific Inc.
  • Tosoh Corp.
  • Waters Corp.
.

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Research Analysis Overview

The Biotechnology Reagents Market encompasses a wide range of analytical and life science reagents used in various applications within the bioscience industry. These reagents include those used in techniques such as Electrophoresis, Spectrometry, Chromatography, Expression and transfection, Immunology, and Genetics. Specifically, reagents for PCR-based techniques, AFLP analysis, SSCP analysis, and IVD testing are in high demand. Nucleic acids, including DNA and RNA, are a significant focus of the market, with applications in gene therapy, genome engineering, high-throughput sequencing, and genomic sequencing. Engineering tools like synthetic biology and molecular biology also rely heavily on these reagents. Key products include testing kits, synthetic biology reagents, and IVD reagents. The market is driven by the increasing demand for rapid and accurate test reading, as well as the growing importance of personalized medicine and research in the fields of genomics and proteomics. The market is expected to grow significantly in the coming years due to the increasing use of these reagents in various applications, including diagnostics, research, and industrial biotechnology.

Market Research Overview

The Biotechnology Reagents Market is a significant and growing sector, encompassing a wide range of applications in Food and Beverages, Agri-biotech, Pharmaceutical, and various other industries. Biotechnology firms specialize in producing Analytical Reagents and Life Science Reagents for various techniques such as Electrophoresis, Spectrometry, Chromatography, Expression and Transfection, and various PCR-based techniques like AFLP analysis and SSCP analysis. These reagents find extensive use in Immunology, Genetics, Bioscience, and other fields. The market includes reagents for Industrial Processing, Clinical Chemistry, Protein Purification, and Point-of-Care testing services. Reagents are also used in the on-site segment, including bacterial and virus segments, as well as the DNA and RNA segments. Next-Generation Sequencing and sequencing reagents are essential for Metabolism, Biology, and Biochemistry research. The Cell Culture segment and Amplification Kits segment are crucial for gene therapy, genome engineering, and high-throughput sequencing. Antibody-dependent kits are vital for diabetes and cancer research. Synthetic Biology and Molecular Biology also rely heavily on biotechnology reagents. Overall, the market caters to various industries, including Food and Agriculture, Healthcare, and the Agricultural Industry.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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