Biotechnology Reagents Market Competitive And Growth Analysis 2024 | Life Technologies Corporation, Abbott Laboratories, Abcam plc, Agilent Technologies Inc

"The new report published by The Business Research Company, titled ""Biotechnology Reagents Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the biotechnology reagents market size has grown strongly in recent years. It will grow from $78.82 billion in 2023 to $86.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The biotechnology reagents market size is expected to see strong growth in the next few years. It will grow to $124.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.

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Biotechnology Reagents Market Surges With The Soaring Demand For Polymerase Chain Reaction (PCR)
The rising demand for polymerase chain reaction (PCR) is expected to propel the growth of the biotechnology reagents market going forward. 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. For instance, in July 2021, Weqaya UAE, a UAE-based national agency for awareness and reassurance under the supervision of the National Crisis & Emergency, conducted more than 60 million RT-PCR tests across the emirates due to its capabilities in detecting infections in a shorter period of time. The UAE health officials increased the number of tests per day from an average of 10,000 by the end of March 2020 to 120,000 in November and more than 270,000 in July 2021 as part of measures to combat the pandemic. Therefore, the rising demand for polymerase chain reaction (PCR) is driving the growth of the biotechnology reagents market.

Advancing Biotechnology Reagent Market With Cutting-Edge Technologies
Technological advancement is the key trend that is gaining popularity in the biotechnology reagent market. 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 Organs-on-chips 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.

The biotechnology reagents market covered in this report 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

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Major companies operating in the biotechnology reagents market report are Life Technologies Corporation, Abbott Laboratories, Abcam plc, Agilent Technologies Inc., Beckman Coulter Inc., Becton Dickinson and Company, BioLegend Inc., bioMérieux SA, Bio-Rad Laboratories Inc., Bio-Techne Corporation, Cell Signaling Technology, Danaher Corp., General Electric incorporated, Hoefer Inc., Illumina Inc., Lonza Group Ltd., Merck KGaA Group, Meridian Bioscience Inc., Millipore Corporation, New England Biolabs Inc., Novus Biologicals LLC, PerkinElmer Inc., Promega Corporation, Quality Biological Inc., Roche Holding AG, Siemens Healthineers AG, Sigma-Aldrich Corp., Sysmex Corporation, Takara Bio Inc., Thermo Fisher Scientific Inc., Tosoh Corporation, Water Corporation

Contents of the report:
1. Executive Summary
2. Biotechnology Reagents Market Report Structure
3. Biotechnology Reagents Market Trends And Strategies
4. Biotechnology Reagents Market - Macro Economic Scenario
5. Biotechnology Reagents Market Size And Growth
…..
27. Biotechnology Reagents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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