Life Sciences Market Size, Share & Trends Analysis Report By Manufacturers, Application, Type and Segment Forecasts, 2020-2030

The report "Global Life Sciences Market, By Types (Ecology, Botany, Zoology, Entomology, Microbiology, Cell Biology, Physiology, Genetics, and Others), By Application (Drug Discovery and Development, Basic Research, Toxicity Screening, Biopharmaceutical Production, Drug Screening, Tissue Engineering, and Forensic Testing), By End-user (Biopharmaceutical Companies, Contract Research Organizations (CROs), Academic & Research Institutes, Forensic Science Laboratories, Food & Beverage Companies, Diagnostic Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

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Key Highlights:

In January 2020, Abcam plc, a global innovator in life science reagents and tools, is pleased to announce the successful completion of the acquisition of Expedeon's Proteomics and Immunology business, which includes Innova and TGR Biosciences. Abcam and Expedeon are fully committed to providing continued access to Expedeon's proteomics and immunology products and support so that the life science community can perform their research and development without interruption.
In February 2017, Cellaria, LLC, a scientific innovator that develops revolutionary new patient-specific cancer models for challenging tumors, announced the formation of a strategic partnership with AMS Biotechnology (AMSBIO). As part of the agreement, AMSBIO will distribute, market and sell Cellaria cell models and culture media throughout Europe. The partnership enables Cellaria to better meet growing demand for its products outside the US.
Analyst View:

The life sciences sector is at a modulation point. The promise of cell and gene therapies is being delivered to patients. Artificial intelligence (AI) and machine learning approaches are raising expectations that therapy discovery and development may not only be more innovative, but also more time- and cost-effective.

Data-driven approaches have the potential to create value across manufacturing, the supply chain, and the entire health care ecosystem. As technology and behavioral science converge, the focus is increasingly shifting to disease prevention.

Consumer wearables now have medical-grade sensors, and telemedicine, remote monitoring, and virtual trials are reducing complexity for patients. Medical algorithms and connected devices are delivering data everywhere.

In 2020, biopharma organizations are looking for new ways to create value and new metrics to make sense of all the data. As patient-centric models have been adopted within the industry, they are now informing operational approaches and setting the foundation of personalized health care. The human experiences of patients, the workforce, and ecosystem partners are interrelated and affect business outcomes. With the goal of creating value for all stakeholders, organizations can aspire to find real value for themselves and their shareholders in the coming year.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Life Sciences Market”, By Types (Ecology, Botany, Zoology, Entomology, Microbiology, Cell Biology, Physiology, Genetics, and Others), By Application (Drug Discovery and Development, Basic Research, Toxicity Screening, Biopharmaceutical Production, Drug Screening, Tissue Engineering, and Forensic Testing), By End-user (Biopharmaceutical Companies, Contract Research Organizations (CROs), Academic & Research Institutes, Forensic Science Laboratories, Food & Beverage Companies, Diagnostic Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

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Key Market Insights from the report:

The market report has been segmented on the basis of types, application, end-user, and region.

By type, Cell biology segment estimated for the highest share in 2019 and is followed closely by genomics filed. Traditional genome editing technologies have a partial capacity of sustaining pace with the fast-progressing genome modification era, due to the factors like these technologies are inefficient, time-consuming, and labour-intensive.
By application, the target market is segmented into drug discovery and development, basic research, toxicity screening, biopharmaceutical production, drug screening, tissue engineering, and forensic testing.
By end-user, diagnostic centres segment led the revenue share in 2019. Growing adoption of proteomic and genomic workflows in hospitals to diagnose and treat multiple clinical abnormalities is projected to boost the target market growth. Moreover, efforts taken by hospitals and clinics to strengthen their genomics research protocol are also anticipated to improve the growth of life science tools.
By region, Asia pacific life science market is experiencing significant growth from the past few years. There has been a shift in investments in technology and R &D activities, particularly in the life sciences sector, from North America and Europe to the Asia Pacific. Emerging economies such as India have plenty of skilled labour and capable manpower at affordable costs thereby growing the scope for attracting outsourcing of biotech projects.

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