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Biotechnology Reagents Market Size, Industry Analysis With BD, Danaher, GE Healthcare, Roche, Abbott, Lonza, bioMérieux, Bio-Rad Laboratories, Agilent Technologies, PerkinElmer, Inc. , Thermo Fisher Scientific, Promega Corporation, Siemens
Biotechnology Reagents Market
The report recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Following aspects are kept into view while formulating this global biotechnology reagents market report and include the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in this biotechnology reagents report. The report estimates 2019-2026 market development trends for global industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also performed here. Furthermore, biotechnology reagents market research report also provides a watchful investigation of the current state of the market which covers several market dynamics. biotechnology reagents market report uses a range of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. The biotechnology reagents report contains the list of leading competitors, strategic industry analysis and the insights of key factors influencing the global industry. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures.
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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
Market Restraints
· Stringent government regulations for the approval of reagents
· High cost of reagents will act as a restraint for the market
Key Market Competitors:
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.
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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
o Life Sciences
o Analytical
· By Applications
Protein Synthesis & Purification
Gene Expression
DNA & RNA Analysis
Drug Testing
· By Geography
o North America
US
Canada
Mexico
o South America
Brazil
Argentina
Rest of South America
o Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
o Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
o Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Global biotechnology reagents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biotechnology reagents market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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