Discover trends, market shifts, and competitive outlooks for the biotechnology reagents industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Biotechnology Reagents Market Size Shifted, And What Is the Outlook Through 2034?

The advancement in size of the biotechnology reagents market has been significant over the past years. The market anticipates a growth from $85.19 billion in 2024 to $93.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.2%. The historical growth can be linked to factors such as the evolution in biopharmaceutical development, the expansion in genomics and proteomics research, progression in drug discovery and development, an upsurge in life sciences research funding, and a worldwide emphasis on precision medicine.

Over the next few years, the biotechnology reagents market is predicted to experience a swift expansion. By 2029, the market is projected to reach $137.51 billion, spurred by a compound annual growth rate (CAGR) of 10.3%. This projected increasement during the forecast period can be correlated to elements such as single-cell analysis methods, the growth of synthetic biology, the rising significance of glycomics, the broadening of cell culture applications, biobanking and biorepository evolution, and global health crises responses. Leading trends for this period would include significant progress in biotechnology research, technological advancements in flow cytometry, an emphasis on stem cell research, the demand for crispr-cas9 reagents, personalized and specialized reagents, as well as a concentration on quality control and standardization.

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Which Primay Drivers Are Accelerating Growth in the Biotechnology Reagents Market?

Anticipated to be fuelled by the growing necessity for polymerase chain reaction (PCR), the biotechnology reagents market is predicted to experience significant expansion. PCR is a molecular method employed to expand smaller DNA portions into larger ones, which can be used for diagnosing various infectious conditions and examining genetic variations. Biotechnology reagents for PCR help maintain a consistent pH during PCR, ensuring proper functioning of DNA synthesis, which can subsequently be used in assorted genomic studies and diagnostic endeavours. For example, the UK government’s Health Security Agency reported in March 2022 that the NHS Test and Trace scheme incurred considerable costs – totalling an estimated £15.7 billion for the fiscal year 2021-2022 – due to the heightened demand for both PCR and rapid lateral flow examinations. Hence, the escalating demand for PCR is propelling the expansion of the biotechnology reagents market.

Which Primary Segments of the Biotechnology Reagents Market Are Driving Growth and Industry Transformations?

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

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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.

Which Technological Trends Are Reshaping the Biotechnology Reagents Industry Dynamics?

The rise in technological advancements is a key emerging trend in the biotechnology reagent sector. To consolidate their presence in the market, prominent firms are focused on creating innovative products, leveraging these new technologies. As an example, CN BIO Innovations, a UK-based organization specializing in single and multi-organ micro-physiological systems and cutting-edge lab technologies, launched a resource kit named PhysioMimix in-a-box in April 2022. This kit, designed for non-alcoholic steatohepatitis (NASH) and severe non-alcoholic fatty liver disease (NAFLD), can be utilized in the Organs-on-chips system. This provides researchers with the capacity to conduct in-house studies on disease mechanics and physiological responses related to drug efficacy and safety toxicology. In turn, this aids in more accurate and cost-efficient drug development processes.

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What Parameters Are Used to Define the Biotechnology Reagents Market?

Biotechnology reagents refer to chemical compounds that are used in detecting, measuring, and preparing a product, and others by facilitating chemical. Biotechnology reagents are used in the quantification and detection of desired substances, as the binding of reagents to the substance or other related substances triggers certain reactions.

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