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What fueled the previous growth in the biotechnology reagents market?

The size of the biotechnology reagents market has seen substantial growth in recent times. Projected to rise from $85.19 billion in 2024 to $93.01 billion in 2025, the market is set to enjoy a compound annual growth rate (CAGR) of 9.2%. The historic period of growth can be credited to factors such as advancements in biopharmaceutical development, expansion in genomics and proteomics research, progression in drug discovery and development, an increase in funding for life sciences research, and a worldwide emphasis on precision medicine.

What will be the biotechnology reagents market size in the future?

In the coming years, the biotechnology reagents market is anticipated to experience a quick expansion, growing to $137.51 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%. The expected growth during the forecast period is due to factors like the development of single-cell analysis techniques, synthetic biology expansion, increasing significance of glycomics, the enlargement of cell culture applications, biobanking and biorepository growth, as well as the global response to health crises. Some of the significant trends predicted for the forecast period involve swift progress in biotechnology research, advancements in flow cytometry technology, a greater emphasis on stem cell research, the demand for crispr-cas9 reagents, customized and specialty reagents, with a keen focus on ensuring quality control and standardization.

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What main drivers are fueling expansion in the biotechnology reagents market?

The growth of the biotechnology reagents market is anticipated to be driven by the increasing needs for Polymerase Chain Reaction (PCR). PCR denotes the molecular process used in enlarging small DNA segments into broader ones, facilitating the identification of specific infectious diseases and genetic studies. Biotechnology reagents for PCR play a vital role in keeping the pH stable during the PCR process, enabling effective DNA synthesis. They are essential in various genomic studies and diagnosis applications. As per the March 2022 Health Security Agency reports, a UK government institution, there were hefty costs associated with the NHS Test and Trace program, with the expected expenditure being £15.7 billion for 2021-2022. This is attributed to the heightened demand for both PCR and quick lateral flow tests. Thus, the increasing demand for Polymerase Chain Reaction (PCR) is promoting the expansion of the biotechnology reagents market.

What key areas define the segmentation of the global 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

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Who are the dominant players expanding their reach 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

How are evolving market trends shaping biotechnology reagents Strategies?

The trend of technological enhancements is increasingly prominent in the biotechnology reagent market, as the leading companies aim to consolidate their market positions by creating state-of-the-art products based on new technologies. For example, in April 2022, CN BIO Innovations, a British company specialising in single and multi-organ micro-physiological systems and revolutionary lab technologies, launched the PhysioMimix in-a-box reagent kit. This kit is designed for non-alcoholic steatohepatitis (NASH) and severe non-alcoholic fatty liver disease (NAFLD), and can be utilised in Organs-on-chips systems. This provides researchers the ability to explore the mechanics and physiological responses of diseases in relation to drug efficacy and safety toxicology. Hence, resulting in more precise and cost-efficient drug development.

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Which regions are emerging as leaders in 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.

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