Biotechnology Reagents Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What combination of drivers is leading to accelerated growth in the biotechnology reagents market?
The upward trend in the requirement for polymerase chain reaction (PCR) is predicted to fuel the biotechnology reagents market's growth in the future. PCR is a molecular method that amplifies smaller DNA sections into larger segments for diagnosing specific infectious diseases and researching genetic alterations. Polymerase chain reaction (PCR) biotechnology reagents help maintain a steady pH during the PCR procedure, facilitating accurate DNA synthesis, which can subsequently be utilized for various genomic studies and diagnostic applications. For example, in March 2022, the Health Security Agency in the UK reported that the NHS Test and Trace scheme incurred significant costs, with an approximated spend of £15.7 billion for the fiscal year 2021-2022, propelled by the escalating demand for both PCR and rapid lateral flow tests. Consequently, the surging demand for polymerase chain reaction (PCR) is pushing the biotechnology reagents market's growth.

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What is the projected compound annual growth rate (CAGR) of the biotechnology reagents market from 2025 to 2034, and what factors influence it?
The market size for biotechnology reagents has been steadily increasing over recent years. The growth is projected to continue from $85.19 billion in 2024, to reach $93.01 billion in 2025, representing a compound annual growth rate (CAGR) of 9.2%. This robust growth in the historical period is the result of various factors including the proliferation of biopharmaceutical development, the expansion in genomics and proteomics research, advancements in drug discovery and development, increased funding for life sciences research, and a global emphasis on precision medicine.

The market size of biotechnology reagents is predicted to witness significant growth in the coming years, expanding to $137.51 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. The anticipated growth during the forecast period can be attributed to various factors such as the emergence of single-cell analysis techniques, the proliferation of synthetic biology, the increasing significance of glycomics, the expansion of cell culture applications, the growth of biobanking and biorepositories, and the global health crises response. Key trends expected within the forecast period include swift progress in biotechnology research, technological advancements in flow cytometry, emphasis on stem cell research, growing demand for CRISPR-Cas9 reagents, customized and specialty reagents, plus a focus on quality control and standardization.

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How are the latest trends influencing the growth of the biotechnology reagents market?
The primary trend emerging in the biotechnology reagent market is technological innovation. To secure their status in this market, top firms are concentrating on producing revolutionary products that incorporate new technologies. An example of this is CN BIO Innovations, a company based in the UK that specializes in single and multi-organ micro-physiological systems and cutting-edge lab technologies. In April 2022, the company launched the PhysioMimix in-a-box reagent kit for non-alcoholic steatohepatitis (NASH) and severe non-alcoholic fatty liver disease (NAFLD). This kit is designed for use with the Organs-on-chips system, offering researchers the facility to investigate disease mechanics and physiological responses with respect to drug efficiency and safety toxicology. This approach provides a more precise and affordable method for developing drugs.

What are the major segments of the biotechnology reagents market and their role in driving growth?
The biotechnology reagents market size has grown strongly in recent years. It will grow from $85.19 billion in 2024 to $93.01 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rise in biopharmaceutical development, genomics and proteomics research expansion, drug discovery and development, increasing life sciences research funding, global focus on precision medicine.

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Which regions are key players in the growth of the biotechnology reagents market?
North America was the largest region in the biotechnology reagents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biotechnology reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the biotechnology reagents market?
Major companies operating in the biotechnology reagents market 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

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What Is Covered In The Biotechnology Reagents Global Market Report?

• Market Size Forecast: Examine the biotechnology reagents market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the biotechnology reagents market for a structured understanding.
• Key Players Overview: Analyze major players in the biotechnology reagents market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biotechnology reagents market.
• Segment Contributions: Evaluate how different segments drive overall growth in the biotechnology reagents market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biotechnology reagents market.
• Industry Challenges: Identify potential risks and obstacles affecting the biotechnology reagents market.
• Competitive Landscape: Review strategic developments in the biotechnology reagents market, including expansions, agreements, and new product launches.

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