Biotechnology Reagents Market 2023 - Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Biotechnology Reagents Global Market Report 2023 identifies rising demand for polymerase chain reaction (PCR) as the major driver for the biotechnology reagents market's growth in the forecast period. Polymerase chain reaction (PCR) refers to the molecular technique that is used to amplify smaller segments of DNA into large segments used to diagnose certain infectious diseases and study genetic changes. For polymerase chain reaction (PCR), biotechnology reagents are used to maintain a stable pH during the PCR process to ensure proper DNA synthesis function, which can later be used for various genomic studies and diagnosis purposes.

The global biotechnology reagents market size is expected to grow from $72.01 billion in 2022 to $78.47 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biotechnology reagents market size is expected to grow to $110.93 billion in 2027 at a CAGR of 9.0%.

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Major competitors in the biotechnology reagents market are Life Technologies Corporation, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Water Corporation, Sigma-Aldrich, Agilent Technologies Inc.

A key trend in the biotechnology reagents market includes technological advancement. Major companies are focused on developing innovative products based on new technologies to strengthen their position in the biotechnology reagent market. For instance, in April 2022, CN BIO Innovations, a UK-based company operating in single and multi-organ micro-physiological systems and innovative lab technologies, introduced the PhysioMimix in-a-box reagent kit for non-alcoholic steatohepatitis (NASH) and severe non-alcoholic fatty liver disease (NAFLD) that can be used in an Organs-on-Chip system to provide researchers with in-house capabilities to study mechanics and physiological responses of disease concerning drug efficacy and safety toxicology, which facilitates more accurate and cost-effective drug development.

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The biotechnology reagents market is segmented -
1) By Type: Life Science Reagents, Analytical Reagents,Other Reagents

2) By Applications: Protein synthesis and purification, Gene expression, DNA and RNA analysis, Drug testing

3) By End-Users: Biotech companies, Research institutes, Pharmaceuticals, Diagnostic centers, Academic Institute, Other End-Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biotechnology reagents market.

The Business Research Company's "Global Biotechnology Reagents Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Biotechnology Reagents Market Include:
1. Executive Summary
2. Biotechnology Reagents Market Characteristics
3. Biotechnology Reagents Market Trends And Strategies
4. Biotechnology Reagents Market - Macro Economic Scenario
5. Biotechnology Reagents Market Size And Growth
……
26. Africa Biotechnology Reagents Market
27. Biotechnology Reagents Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biotechnology Reagents Market
29. Biotechnology Reagents Market Future Outlook and Potential Analysis
30. Appendix

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