openPR Logo
Press release

The Life Science Market to Stay onto the Innovation Curve

03-11-2022 06:44 AM CET | Health & Medicine

Press release from: Persistence Market Research

The Life Science Market to Stay onto the Innovation Curve

The Life Science Market is bound to grow robustly in the years to come. With smart technology and 5G being increasingly adopted, the healthcare vertical is witnessing a paradigm shift. These technologies can thus increase the convenience quotient (CQ), as abysmal disruption happens in the patients' lives. This convenience quotient would be the trend running in the healthcare vertical shortly.

According to a study conducted by Persistence Market Research (PMR) on the global market for life science products, incessant progress in the field of biotech science has led to the development of various new-age and consumer-friendly life science products in recent years. The PMR study reveals that the global life science products market is set to witness a CAGR of over 4% in terms of revenue between 2016 -2024. The market is expected to create an absolute $ opportunity of US$ 114.9 Million in 2017 over 2016.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/9986

Availability of advanced technological support and a continuously expanding information database owing to intensive analysis and combined research expeditions on various life science topics has resulted in the development of novel therapeutics. Accordingly, the arrival of latest antibody manufacturing methods has greatly improved the overall propositions of scientific research and analysis activities. Likewise, the emergence of academia as the primary organization for conducting basic research is expected to accelerate the growth of the life science products market.

Company Profiles:

Abcam Plc
A.M.S. Biotechnology (Europe) Limited
Bio-Rad Laboratories Inc.
BPS Bioscience Inc.
Crown Bioscience Inc.
Genscript Biotech Corporation
Merck Millipore Limited
PerkinElmer Inc.
Sigma Aldrich Corp.
Thermo Fisher Scientific Inc.
Others

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/9986

Bottlenecks

PMR indicates that low reproducibility of research and poor specificity of products coupled with high cost of technology restricting robust adoption are the major impediments of the market. Further, lengthy lead durations for custom research requirements may also inhibit the overall market growth.

Market Overview

Based on product type, demand for antibodies is expected to remain high during the forecasted period. In 2015, the antibodies segment accounted for nearly 83% share of the market in terms value. This is primarily due to higher investment in R&D pipelines, especially in the region of Asia Pacific. The antibodies segment is followed by recombinant proteins segment, which is projected to surpass a market valuation of over US$ 470 Million by 2024-end.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/9986

On the basis of application, basic research is the predominant segment of the market estimated to reach a market valuation of US$ 2,600.5 million by the end of the assessment period. Whereas, the drug discovery and development segment is projected to witness the highest growth rate, reflecting a CAGR of 4.7% over the period of forecast. In addition, the current market valuation of drug discovery & development is US$ 350.5 Million, which is estimated to surpass US$ 506 Million by the end of 2024.

Based on end-user, academic and research institutes is the leading segment of the market. In 2015 the segment accounted for over 42% share of the market in 2015. In terms of growth, contract research organizations is anticipated to be the fastest growing segment, registering 5.3% CAGR over the assessment period.

Complete Report Details@ https://www.persistencemarketresearch.com/market-research/life-science-market.asp

Regional Highlights

In 2016, the life science products market in Asia Pacific accounted for the maximum share in terms of value. The region is set to ride on a strong CAGR of over 5% during the evaluation period. Higher public and private R&D initiatives on life science research are lifting up the biotechnology and pharmaceuticals sector in Asia to a significant extent. This, in turn, is stimulating the market growth in the region.

Related Reports:

Peripherally Inserted Central Catheters Market - https://www.persistencemarketresearch.com/market-research/peripherally-inserted-central-catheters-market.asp

Duchenne Muscular Dystrophy Treatment Market - https://www.persistencemarketresearch.com/market-research/duchenne-muscular-dystrophy-treatment-market.asp

Contact Us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Life Science Market to Stay onto the Innovation Curve here

News-ID: 2575794 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Life

Life Heater Reviews - How Does Life Heater Work? Read life heater reviews consum …
The Life Heater emerges as a revolutionary heating solution, redefining efficiency and safety standards for residents in the United States and Canada. More than a conventional heater, it boasts impressive energy savings of up to 30%, making it a beacon of sustainability in the realm of home heating. The device's convection heating system ensures rapid warmth, promising to elevate the comfort of spaces across North American homes with unprecedented speed. The
Russia Life Insurance Market to Eyewitness Massive Growth by 2026 | Renaissance …
A new research document is added in HTF MI database of 74 pages, titled as 'Russia Life Insurance - Key Trends and Opportunities to 2025' with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled
Life Insurance Market is Booming Worldwide | Sumitomo Life Insurance, Nippon Lif …
HTF MI recently added Global Life Insurance Market Study that gives deep analysis of current scenario of the Market size, demand, growth, trends, and forecast. Revenue for Life Insurance Market has grown substantially over the five years to 2019 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to
Online Life Insurance Market Swot Analysis by Key Players Nippon Life Insurance, …
Global Online Life Insurance Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Online
Life Insurance Market Next Big Thing with Major Giants HDFC Life Insurance, SBI …
A new business intelligence report released by HTF MI with title "Life Insurance Market in India 2019" is designed covering micro level of analysis by manufacturers and key business segments. The Life Insurance Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of
Life Insurance Market to Witness Massive Growth| Allan Gray Life, Coronation Lif …
HTF Market Intelligence released a new research report of 35 pages on title 'Strategic Market Intelligence: Life Insurance in South Africa - Key Trends and Opportunities to 2022' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Allan Gray Life, Coronation Life Assurance, Sygnia Life etc. Request a sample report @ https://www.htfmarketreport.com/sample-report/1854964-strategic-market-intelligence-38 Summary The ""Strategic Market Intelligence: Life Insurance in South Africa - Key Trends