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
Biotechnology Reagents Market: Receive Free Sample Report
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: