Authored By: Sarah
25 Jun 2021

Biotechnology Reagents Market Size to Grow by $ 32.11 Billion through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the biotechnology reagents market and it is expected to grow by $ 32.11 billion, accelerating at a CAGR of almost 7.39% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Biotechnology Reagents Market: Emerging Trends to Impact Market Growth

North America has been exhibiting a significant growth rate for biotechnology reagents market vendors. Factors such as ongoing research in biological sciences and increasing investments by various biotechnology companies are accelerating the biotechnology reagents market growth in the region. Growth by the chromatography segment will be significant during the forecast period. The increasing use of chromatography tests for the drug approval process, growing need for the determination of chemicals present in the environment, government investments in chromatography technology, and rising collaborations between manufacturers and research laboratories are some of the factors augmenting the usage of chromatography instruments and reagents, which propel the market growth. 

This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Biotechnology Reagents Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., Bio Rad Laboratories, Inc, Danaher Corp., F. Hoffmann La Roche Ltd., General Electric Co., Merck KGaA, PerkinElmer Inc., and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of about 7.39%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 32.11 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    High usage of biotechnology reagents in diagnostic and therapeutic applications will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    48% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., Bio Rad Laboratories, Inc, Danaher Corp., F. Hoffmann La Roche Ltd., General Electric Co., Merck KGaA, PerkinElmer Inc., and Thermo Fisher Scientific Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Technology (Chromatography, In-vitro diagnostics, Polymerase chain reaction, Cell culture, and Others) and Geography (North America, Europe, Asia, and ROW)
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