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The Global Biotechnology Reagents Market to Reach $144734 Million by 2027

07-07-2020 02:10 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Global Biotechnology Reagents Market

Global Biotechnology Reagents Market

A Triton Market Research report depicts that the global biotechnology reagents market, which accounted for $63740 million in 2018, is likely to grow at a CAGR of 9.54% by the year 2027.

A study by Triton Market Research with the title ‘Global Biotechnology Reagents,’ covers the Global Analysis and Forecast for 2019-2027, by Technology (Life Sciences Reagents Market [Cell Culture Market {SERA, Media & Reagents}, Expression & Transfection Market, PCR Market {PCR Reagents Kits, Master Mixes }, In-vitro Diagnostics Market {Hematology, Immunoassay, Microbiology Culture, Clinical Chemistry}], Analytical Reagents Market [Mass Spectrometry Market {Proteomics, Genomics, Drug Discovery, Clinical Testing, Others}, Flow Cytometry Market {Bead-based, Cell-based}, Chromatography Market {Gas, Supercritical Fluid, Liquid, Ion, Others}, Electrophoresis Market {Gel, Other}]), by Applications (Gene Expression, Drug Testing, Protein Synthesis & Purification, DNA & RNA Analysis), and by Geographical Region (Asia-Pacific, North America, Europe, Latin America, Middle East and Africa).

Biotechnology reagents refer to chemical compounds, which promote a biochemical reaction and are consumed in the process. A wide range of biochemical reagents is used to identify certain metabolomics or to differentiate between bacteria.

Request Free Sample of the Global Biotechnology Reagents Market Report @ https://www.tritonmarketresearch.com/reports/global-biotechnology-reagents-market#request-free-sample

According to the report, the global biotechnology reagents market is expected to reach $144734 million by 2027, surging at a CAGR of 9.57% in the forecasting period 2019-2027. The growing research & development expenditure and the advancement in the bioprocessing technologies are primarily driving the global biotechnology reagents market. The ever-increasing utility of protein profiling applications is also another driver affecting the market growth positively. However, the rising price of biopharmaceutical research and a few infection hitches are hampering the growth of the global biotechnology reagents market.

Based on technology, the biotechnology reagents market is divided into life sciences reagents market and analytical reagents market. Within life sciences reagents, the market is sub-segmented into cell culture market, expression & transfection market, PCR market and in-vitro diagnostics market. Within cell culture, the market is divided into SERA and media & reagents; within PCR, it is divided into PCR reagent kits and master mixes; and within IVD, it is divided into hematology, immunoassay, microbiology culture and clinical chemistry. Whereas, considering the analytical reagents, the market is sub-segmented to mass spectrometry market, flow cytometry market, chromatography market and electrophoresis market. Within mass spectrometry, the market is classified into proteomics, genomics, drug discovery, clinical testing and others. Within flow cytometry, it is classified into bead-based and cell-based. Within chromatography, the market is classified into gas, supercritical fluid, liquid, ion and others, and within electrophoresis, it is classified as gel and others. According to applications, the biotechnology reagents market is divided into gene expression, drug testing, protein synthesis & purification and DNA & RNA analysis.

As per the regional landscape, Asia-Pacific is expected to be the fastest-growing region for the biotechnology reagents market in the estimated years. The growing awareness regarding biopharmaceuticasl, rising economic growth, the booming pharmaceutical industry and the increasing expenditure in the health sector in Asian countries like China are the major drivers of the growth of the biotechnology reagents market.

Likewise, North America is likely to be the largest biotechnology market over the forecasting years. The prospering pharmaceutical industry, coupled with the rising government investments and the growing demand for GMO crops, are likely to aid the growth of North American biotechnology reagents market growth.

Abbot, Bio-Rad Laboratories Inc, Beckman Coulter Inc, BD (Becton, Dickinson and Company), BioMerieux SA, Bio-Techne, Cyano Biotech GmbH, Thermo Fisher Scientific Inc, Invivoscribe Inc and PerkinElmer Inc are some of the companies engaged in the biotechnology reagents market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/global-biotechnology-reagents-market#purchase-option

Question & Answer: Biotechnology Reagents Market

Question 1: What are the factors affecting the biotechnology reagents market growth?
Answer: The growing research & development expenditure and the advancement in the bioprocessing technologies are primarily driving the global biotechnology reagents market. The ever-increasing utility of protein profiling applications is also other drivers affecting the market growth positively.

Question 2: Which factors are hampering the growth of the global biotechnology reagents market?
Answer: The rising price of biopharmaceutical research and a few infection hitches are hampering the growth of the global biotechnology reagents market.

Question 3: How are the Asia-Pacific and North America influencing the biotechnology reagents market outlook?
Answer: As per the regional landscape, Asia-Pacific is expected to be the fastest-growing region for the biotechnology reagents market in the estimated years. The growing awareness regarding biopharmaceuticals, rising economic growth, the booming pharmaceutical industry and the increasing expenditure in the health sector in Asian countries like China are the major drivers of the growth of the biotechnology reagents market. Likewise, North America is likely to be the largest biotechnology market over the forecasting years. The prospering pharmaceutical industry, coupled with the rising government investments and the growing demand for GMO crops, are likely to aid the growth of North American biotechnology reagents market growth.

Question 4: Which firms are covered in the competitive landscape of the report on the biotechnology reagents market?
Answer: Abbot, Bio-Rad Laboratories Inc, Beckman Coulter Inc, BD (Becton, Dickinson and Company), BioMerieux SA, Bio-Techne, Cyano Biotech GmbH, Thermo Fisher Scientific Inc, Invivoscribe Inc and PerkinElmer Inc are some of the companies engaged in the biotechnology reagents market.

Related Report:
Global Biopesticides Market

The global biopesticides market is anticipated to exhibit revenue growth at $12.81 billion by 2027, with a CAGR of 15.87% in the forecasting period 2019-2027. A rising number of health-conscious customers are opting for organic food, where biopesticides are increasingly used for its production. The growing organic food industry and the low research & development activities associated with the production of biopesticides are driving the global biopesticides market. The increase in the demand for food due to the explosive population growth, requires maximizing the productivity, which is fueling the adoption of biopesticides.

The rising popularity of the biopesticides and the increased awareness of their benefits over chemical pesticides are creating more opportunities for the growth of the biopesticides market. The improvements in the IPM (integrated pest management practices) are also aiding the market growth.

Triton Market Research
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Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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