Market Research Report
Biotechnology Reagents - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939111|
|Published||Content info||142 Pages
Delivery time: 2-3 business days
|Biotechnology Reagents - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 142 Pages||
According to Stratistics MRC, the Global Biotechnology Reagents Market is accounted for $69.21 billion in 2018 and is expected to reach $163.19 billion by 2027 growing at a CAGR of 10.0% during the forecast period. Rising number of biotechnology firms and growth in biopharmaceuticals are the major factors propelling the market growth. However, high cost of reagents is hampering the market growth.
Biotechnology reagents are the substances used to detect or synthesize another substance so as to provide a test reading. The biotechnological reagents play an important role in the age of rapid research, discovery, and publication in the industry and academic research purposes.
Based on the technology, the analytical segment is going to have a lucrative growth during the forecast period as chromatography technique of analytical technology is mostly used in drug discovery to validate the specificity, sensitivity, and purity of drugs and deliver precise outcomes to validate characters. By geography, North America is going to have a lucrative growth during the forecast period owing to high investments, new product developments, presence of favorable government policies and sophisticated healthcare infrastructure.
Some of the key players profiled in the Biotechnology Reagents Market include Siemens Healthineers, Quality Biological Inc., Merck Millipore, PerkinElmer, Meridian Bioscience, Promega Corporation, Lonza Group AG, BioMerieux, GE Healthcare, Bio-Rad Laboratories, Life Technologies, Beckman Coulter, Agilent Technologies, Abbott Laboratories and Becton Dickinson.
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