Biotechnology Reagents Market Surges With The Soaring Demand For Polymerase Chain Reaction (PCR): Key Factor Driving The Growth In The Biotechnology Reagents Market

The Biotechnology Reagents Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Biotechnology Reagents Market Size During the Forecast Period?
The market for biotechnology reagents has seen a robust expansion in recent times. The value is projected to surge from $85.19 billion in 2024 to $93.01 billion in 2025, marking a compound annual growth rate (CAGR) of 9.2%. The growth noted in the previous period can be credited to an increase in the development of biopharmaceuticals, the broaden scope of genomics and proteomics research, advancements in drug discovery and development, a rise in funding for life sciences research, and a global emphasis on precision medicine.

In the coming years, the biotechnology reagents market is set for significant expansion. The market is projected to increase to $137.51 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%. This predicted growth during the forecast period can be linked to factors such as advancements in single-cell analysis techniques, synthetic biology development, the increasing significance of glycomics, cell culture application expansion, biobanking and biorepository growth and worldwide response to health crises. Major trends driving this growth in the forecast period entail breakthroughs in biotechnology research, technological progression in flow cytometry, focus on stem cell research, rising demand for crispr-cas9 reagents, bespoke and specialty reagents, and emphasis on quality control and standardization.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7963

What Are the High-Growth Segments in the Biotechnology Reagents Market?
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

Subsegments:
1) By Life Science Reagents: Molecular Biology Reagents, Cell Culture Reagents, PCR Reagents, Protein Purification Reagents, Others
2) By Analytical Reagents: Chromatography Reagents, Spectroscopy Reagents, Electrophoresis Reagents, Others
3) By Other Reagents: Diagnostic Reagents, Biochemical Reagents, Enzyme Reagents, Others

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7963&type=smp

What Key Drivers Are Expected to Influence Future Biotechnology Reagents Market Growth?
The anticipated increase in demand for polymerase chain reaction (PCR), a crucial technique employed to enlarge small segments of DNA into larger ones for diagnosing infectious diseases and genetic changes study, is projected to drive the biotechnology reagents market growth. These reagents are crucial in maintaining a consistent pH during the PCR process, facilitating adequate DNA synthesis, and later utilized for various genomic and diagnostic activities. For example, reports released by the Health Security Agency in March 2022 revealed a substantial rise in costs of the UK government-run NHS Test and Trace program, with an estimated financial year 2021-2022 expenditure of £15.7 billion. This surge was driven by the increased demand for both PCR and rapid lateral flow tests, further demonstrating how essential the demand for polymerase chain reaction (PCR) is for the growth of the biotechnology reagents market.

Which Companies Hold the Largest Share Across Different Biotechnology Reagents Market Segments?
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

What Trends Are Driving Growth in The Biotechnology Reagents Market?
The biotechnology reagent market is increasingly dominated by the trend of technological innovation. Major market players are undertaking efforts to create novel products using cutting-edge technologies in order to solidify their standing in the market. To illustrate, CN BIO Innovations, a UK-based company specialising in single and multi-organ micro-physiological systems and groundbreaking lab technologies, launched the PhysioMimix in-a-box reagent kit for non-alcoholic steatohepatitis (NASH) and severe non-alcoholic fatty liver disease (NAFLD) in April 2022. This kit, applicable in an Organs-on-chips system, equips researchers with the ability to investigate the mechanics and physiological responses of disease in relation to drug efficacy and safety toxicology in-house. This enables drug development to be more precise and cost-efficient.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/biotechnology-reagents-global-market-report

What Are the Emerging Geographies for The Biotechnology Reagents Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biotechnology Reagents Market?
2. What is the CAGR expected in the Biotechnology Reagents Market?
3. What Are the Key Innovations Transforming the Biotechnology Reagents Industry?
4. Which Region Is Leading the Biotechnology Reagents Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.