Biotechnology Reagent Market
Global Biotechnology Reagent Market Size, Share & Trends Analysis Report by Technology (Life Science Reagents, Polymerase chain reaction (PCR), Cell Culture, Hematology, In-vitro Diagnostics, and Others), by Analytical Reagents (Chromatography, Mass spectrometry, Electrophoresis, Flow Cytometry, and Others), By Application (Protein Synthesis & Purification, Gene Expression, DNA & RNA Analysis, Drug Testing, and Others), Forecast 2022-2028 Update Available - Forecast 2024-2030
The global biotechnology reagent market is expected to grow at a 9.4% CAGR during the forecast period. The reason behind the growth of the biotechnology reagent market is high R&D expenses by biotechnology companies, the growing number of biotechnology firms, an increase in biopharmaceuticals, and development in technology. According to the Congressional Budget Office, in April 2021, global spending of the biotech firms o various R&D activities has been increased over the past two decades. Further, according to the Congressional Budget Office, in 2019, the pharmaceutical industry spent around $83 billion dollars on the R&D of biotechnology products. Another factor propelling the growth of the market is the rising protein profiling and the increasing utilization of biotechnology reagents in therapeutics and commercial applications.
Impact of COVID-19 Pandemic on Biotechnology Reagent Market
The COVID-19 pandemic has impacted the global economy due to a slowdown in the manufacturing of various industries including pharmaceuticals, among others. However, during COVID-19, the biotechnology reagent market experienced a significant growth owing to the rapid development and establishment of government research organizations in various countries including India, China, Italy, and others. Research institutes along with the biotech & pharmaceutical firms are focusing on developing effective and fast technologies for the fast diagnosis of COVID-19 and developing vaccines/new therapeutics to overcome the current situation.
Segmental Outlook
The global biotechnology reagent market is segmented on the basis of life science reagents, analytical reagents, and applications. Based on the life science reagents, the market is segmented into polymerase chain reaction (PCR), cell culture, hematology, in-vitro diagnostics, and others. Based on the analytical reagents, the market is segmented into chromatography, mass spectrometry, electrophoresis, flow cytometry, and others. Based on the application, the market is further sub-segmented into the protein synthesis and purification, gene expression, DNA and RNA analysis, drug testing, and others. Among these segments, the PCR segment is expected to hold a significant market share of the biotechnology reagent market, due to its increasing demand and usage for the target DNA, which aids in generating thousands to millions of copies of a particular DNA segment.
Global Biotechnology Reagent Market Share by Application, 2021 (%)
DNA and RNA Analysis Segment is Anticipated to Bolster the Growth of the Global Biotechnology Reagent Market
Among the applications, the DNA and RNA analysis segment is expected to hold a prominent market share of the biotechnology reagent market. The primary factor contributing to the growth of the market is the increasing research on transcriptomics. Various research on extracellular RNA for clinical diagnosis has been increased over the past few years. Companies and universities are also entering into the field for the development of RNA-based therapeutics through the virtue of transcriptomic technologies. Thus, the key market players are constantly introducing new products is driving segmental growth. For instance, in March 2021, PromegaCorp. launched XpressAmp Direct amplification reagent. It enables RNA extraction-free sample preparation, which is automation-friendly. Such advancements are expected to drive market growth.
Regional Outlooks
The global biotechnology reagent market is further segmented on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North America region is expected to hold prominent share of the market, due to the various ongoing research on biological sciences along with the increasing prevalence of cancer, chronic infectious and genetic conditions across the region.
Global Biotechnology Reagent Market Growth, by Region 2022-2028
Asia-Pacific Region is Anticipated to Grow Considerably in the Global Biotechnology Reagent Market
Among the regions, the Asia-Pacific is expected to grow at a significant CAGR over the forecast period, due to the rising disposable income of the nations such as India, Japan, China, and others. Additionally, rapidly improving diagnostics & therapeutic infrastructure along with increasing R&D activities for the development of effective therapeutics is another factor that is bolstering the growth of the market. For instance, in June 2021, Lupin Ltd. entered the digital healthcare space in India. It incorporated Lupin Digital Health Ltd., a wholly-owned subsidiary, to provide a digital therapeutics platform for medical practitioners and patients in India.
Market Players Outlook
The major companies serving the global Biotechnology Reagent market include Agilent Technologies, Inc., Becton Dickinson & Company, Bio-Rad Laboratories, Inc., Sino Biological, Inc., Thermo Fisher Scientific Inc., and others. The growth of the market is considerably contributed by the market player for the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, Sino Biological, Inc. announced the launch of a panel of research reagents for the newly identified Omicron variant. In addition, in May 2020, Aalto Bio Reagents Ltd. announced the availability of the first RNA Lysis buffer reagent, which was used for the pre-treatment of COVID-19 samples before testing.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biotechnology reagent market. Based on the availability of data, information related to the market, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Biotechnology Reagent Market
- Recovery Scenario of Global Biotechnology Reagent Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Agilent Technologies, Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Becton Dickinson & Co.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Bio-Rad Laboratories, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Sino Biological, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Thermo Fisher Scientific Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Biotechnology Reagent Market by Life Science Reagents
4.1.1. Polymerase chain reaction (PCR)
4.1.2. Cell Culture
4.1.3. Hematology
4.1.4. In-vitro Diagnostics
4.1.5. Others
4.2. Global Biotechnology Reagent Market by Analytical Reagents
4.2.1. Chromatography
4.2.2. Mass Spectrometry
4.2.3. Electrophoresis
4.2.4. Flow Cytometry
4.2.5. Others
4.3. Global Biotechnology Reagent Market by Application
4.3.1. Protein Synthesis and Purification
4.3.2. Gene Expression
4.3.3. DNA and RNA Analysis
4.3.4. Drug Testing
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Aalto Bio Reagents Ltd.
6.2. bioMerieux SA
6.3. Bio-Techne Corp.
6.4. Danaher Corp. / (Beckman Coulter Inc.)
6.5. F. Hoffmann-La Roche Ltd.
6.6. Fitzgerald Industries International
6.7. General Electric Co.
6.8. Lonza Group Ltd.
6.9. Meridian Bioscience, Inc.
6.10. Merck KGaA
6.11. Nautilus Biotechnology
6.12. Olympus Corp.
6.13. Ortho Clinical Diagnostics
6.14. PerkinElmer, Inc.
6.15. Promega Corp.
6.16. Quality Biological, Inc.
6.17. Siemens Healthineers AG
6.18. Sysmex Corp.
6.19. Takara Holdings, Inc.
6.20. W.R. Grace & Co.
6.21. Waters Corp.
1. GLOBAL BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY LIFE SCIENCE REAGENT, 2021-2028 ($ MILLION)
2. GLOBAL PCR BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL CELL CULTURE BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HEMATOLOGY BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL IN-VITRO DIAGNOSTICS BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHERS BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS, BY ANALYTICAL REAGENTS, 2021-2028 ($ MILLION)
8. GLOBAL BIOTECHNOLOGY REAGENT FOR CHROMATOGRAPHY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL BIOTECHNOLOGY REAGENT FOR MASS SPECTROMETRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL BIOTECHNOLOGY REAGENT FOR ELECTROPHORESIS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL BIOTECHNOLOGY REAGENT FOR FLOW CYTOMETRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL BIOTECHNOLOGY REAGENT FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. GLOBAL BIOTECHNOLOGY REAGENT IN PROTEIN SYNTHESIS AND PURIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL BIOTECHNOLOGY REAGENT IN GENE EXPRESSION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL BIOTECHNOLOGY REAGENT IN DNA AND RNA ANALYSIS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL BIOTECHNOLOGY REAGENT IN DRUG TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL BIOTECHNOLOGY REAGENT IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY LIFE SCIENCE REAGENT, 2021-2028 ($ MILLION)
21. NORTH AMERICAN BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY ANALYTICAL REAGENTS, 2021-2028 ($ MILLION)
22. NORTH AMERICAN BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. EUROPEAN BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY LIFE SCIENCE REAGENT, 2021-2028 ($ MILLION)
24. EUROPEAN BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY ANALYTICAL REAGENTS, 2021-2028 ($ MILLION)
25. EUROPEAN BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY LIFE SCIENCE REAGENT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY ANALYTICAL REAGENTS, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY LIFE SCIENCE REAGENT, 2021-2028 ($ MILLION)
30. REST OF THE WORLD BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY ANALYTICAL REAGENTS, 2021-2028 ($ MILLION)
31. REST OF THE WORLD BIOTECHNOLOGY REAGENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
LIST OF FIGURES
1. IMPACT OF COVID-19 ON GLOBAL BIOTECHNOLOGY REAGENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL BIOTECHNOLOGY REAGENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL BIOTECHNOLOGY REAGENT MARKET, 2022-2028 (%)
4. GLOBAL BIOTECHNOLOGY REAGENT MARKET BY LIFE SCIENCE REAGENT, 2021 VS 2028 (%)
5. GLOBAL PCR BIOTECHNOLOGY REAGENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL CELL CULTURE BIOTECHNOLOGY REAGENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL HAEMATOLOGY BIOTECHNOLOGY REAGENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL IN-VITRO DIAGNOSTICS BIOTECHNOLOGY REAGENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL OTHERS BIOTECHNOLOGY REAGENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL BIOTECHNOLOGY REAGENT MARKET BY TECHNOLOGY, BY ANALYTICAL REAGENTS, 2021 VS 2028 (%)
11. GLOBAL BIOTECHNOLOGY REAGENT FOR CHROMATOGRAPHY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL BIOTECHNOLOGY REAGENT FOR MASS SPECTROMETRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL BIOTECHNOLOGY REAGENT FOR ELECTROPHORESIS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL BIOTECHNOLOGY REAGENT FOR FLOW CYTOMETRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL BIOTECHNOLOGY REAGENT FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL BIOTECHNOLOGY REAGENT MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
17. GLOBAL BIOTECHNOLOGY REAGENT IN PROTEIN SYNTHESIS AND PURIFICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL BIOTECHNOLOGY REAGENT IN GENE EXPRESSION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL BIOTECHNOLOGY REAGENT IN DNA AND RNA ANALYSIS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL BIOTECHNOLOGY REAGENT IN DRUG TESTING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL BIOTECHNOLOGY REAGENT IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL BIOTECHNOLOGY REAGENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. US BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
24. CANADA BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
25. UK BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
26. FRANCE BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
27. GERMANY BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
28. ITALY BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF EUROPE BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
31. INDIA BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
32. CHINA BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
33. JAPAN BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF THE ASIA-PACIFIC BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD BIOTECHNOLOGY REAGENT MARKET SIZE, 2021-2028 ($ MILLION)
