PUBLISHER: Lucintel | PRODUCT CODE: 1418328
PUBLISHER: Lucintel | PRODUCT CODE: 1418328
Laboratory Reagent Trends and Forecast
The future of the global laboratory reagent market looks promising with opportunities in the government, academic, industry, pharma, and environmental institution markets. The global laboratory reagent market is expected to reach an estimated $28.7 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increasing R&D activities in the pharmaceutical and biotechnology industries, rising prevalence of chronic diseases, and surging investment in the healthacre infrastructure.
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Laboratory Reagent by Segment
The study includes a forecast for the global laboratory reagent by product, application, and region.
List of Laboratory Reagent Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laboratory reagent companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laboratory reagent companies profiled in this report include-
Laboratory Reagent Market Insights
Lucintel forecasts that solution is expected to witness the highest growth over the forecast period due to rising demand from the biotechnological industry for laboratory chemical.
Within this market, industry will remain the largest segment due to the fact that numerous industrial processes, including cryogenic reactions and bromination, require the use of laboratory chemicals.
North America will remain the largest region over the forecast period due to rising clinical research outsourcing activities and advances in molecular biology.
Features of the Global Laboratory Reagent Market
Market Size Estimates: Laboratory reagent market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Laboratory reagent market size by product, application, and region in terms of value ($B).
Regional Analysis: Laboratory reagent market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the laboratory reagent market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laboratory reagent market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the laboratory reagent market size?
Answer: The global laboratory reagent market is expected to reach an estimated $28.7 billion by 2030.
Q2. What is the growth forecast for laboratory reagent market?
Answer: The global laboratory reagent market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the laboratory reagent market?
Answer: The major drivers for this market are increasing R&D activities in the pharmaceutical and biotechnology industries, rising prevalence of chronic diseases, and surging investment in the healthacre infrastructure.
Q4. What are the major segments for laboratory reagent market?
Answer: The future of the laboratory reagent market looks promising with opportunities in the government, academic, industry, pharma, and environmental institution markets.
Q5. Who are the key laboratory reagent market companies?
Answer: Some of the key laboratory reagent companies are as follows.
Q6. Which laboratory reagent market segment will be the largest in future?
Answer: Lucintel forecasts that solution is expected to witness the highest growth over the forecast period due to rising demand from the biotechnological industry for laboratory chemical.
Q7. In laboratory reagent market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising clinical research outsourcing activities and advances in molecular biology.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.