2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theBiotechnology Reagents Market?

The demand for polymerase chain reaction (PCR) is surging, which is expected to fuel the expansion of the biotechnology reagents market. PCR refers to a molecular process used to enlarge small DNA components into larger ones essential for diagnosing specific infectious ailments and examining genetic alterations. Biotechnology reagents for PCR aid in maintaining a consistent pH during the process, guaranteeing a functional DNA synthesis used for various diagnostic and genomic studies. As an example, records from the Health Security Agency in March 2022 disclosed that the NHS Test and Trace program, run by the UK government, incurred significant expenses. The program had anapproximate expenditure of £15.7 billion in the fiscal year 2021-2022, owing to the heightened demand for PCR and rapid lateral flow tests. Hence, the growing need for PCR is causing an upswing in the biotechnology reagents market.

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#What Long-Term Growth Rate is Expected for theBiotechnology Reagents Market Between 2025 and 2034?

In recent times, the biotechnology reagents market has seen substantial growth. It’s anticipated to increase from $85.19 billion in 2024 to $93.01 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. This growth throughout the historic period can be ascribed to the upsurge in biopharmaceutical development, the amplification of genomics and proteomics research, drug discovery and development, an increase in life sciences research funding, and worldwide focus on precision medicine.

The market size of biotechnology reagents is projected to witness a significant surge over the approaching years. The market value is expected to reach $137.51 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.3%. This speedy escalation during the projected period can be ascribed to factors such as the implementation of single-cell analysis methodologies, the widening sphere of synthetic biology, the increasing significance of glycomics, the development of cell culture applications, the growth of biobanking and biorepositories, and the worldwide reaction to health crises. The key trends expected during the prediction period incorporate quick progress in biotechnology research, advances in flow cytometry technology, emphasis on stem cell research, the growing demand for crispr-cas9 reagents, the tendency towards customized and specialty reagents, and the importance given to quality control and standardization.

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What Are the Latest Innovations Influencing theBiotechnology Reagents Market?

Technological innovation is increasingly becoming a vital trend in the biotechnology reagent market. Many prominent companies are concentrating their efforts on creating cutting-edge products using fresh technologies in order to consolidate their standing in this sector. For example, in April 2022, CN BIO Innovations, a firm from the UK that specializes in individual and multi-organ micro-physiological systems as well as inventive laboratory technologies, launched the PhysioMimix in-a-box reagent kit. This product is applicable in the study of non-alcoholic steatohepatitis (NASH) and serious non-alcoholic fatty liver disease (NAFLD) in Organs-on-chips systems. It enables researchers to examine disease mechanics and physiological responses related to drug efficacy and safety toxicology within their own facilities. This paves the way for a more precise and cost-friendly drug development process.

Who Are the Major Industry Players Accelerating Growth in theBiotechnology 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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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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https://www.thebusinessresearchcompany.com/customise?id=7963&type=smpGlobal Biotechnology Reagents Market, Global Biotechnology Reagents Market Report, Global Biotechnology Reagents Market Trends, Global Biotechnology Reagents Market Size

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