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How Will the CAGR of the Biotechnology Reagents Market Influence Its Overall Growth by 2034?

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.

The biotechnology reagents market size is expected to see rapid growth in the next few years. It will grow to $137.51 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to single-cell analysis techniques, expansion of synthetic biology, rising importance of glycomics, expansion of cell culture applications, biobanking and biorepository growth, global response to health crises. Major trends in the forecast period include rapid advancements in biotechnology research, technological advances in flow cytometry, focus on stem cell research, demand for crispr-cas9 reagents, customized and specialty reagents, focus on quality control and standardization.

What Industry-Specific Factors Are Fueling the Growth of the biotechnology reagents Market?

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. 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 March 2022, according to the reports published by the Health Security Agency, a UK-based government, the NHS Test and Trace program faced substantial costs, with an estimated expenditure of £15.7 billion for the financial year 2021-2022, driven by increased demand for both PCR and rapid lateral flow tests. Therefore, the rising demand for polymerase chain reaction (PCR) is driving the growth of the biotechnology reagents market.

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Who Are the Leading Companies Pioneering Change in the Biotechnology Reagents Market?

Major companies operating in the biotechnology reagents market are:

• Life Technologies Corporation_x000D_

• Abbott Laboratories_x000D_

• Abcam PLC_x000D_

• Agilent Technologies Inc._x000D_

• Beckman Coulter Inc._x000D_

What Are the Most Significant Trends Transforming the Biotechnology Reagents Market Today?

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.

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Which Key Segments Stand Out in Understanding the Composition of 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

Which Regions Are Leading the Charge in Biotechnology Reagents Market Development?

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.

How Is the Scope and Reach of the Biotechnology Reagents Market Defined?

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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