Published on : Nov 28, 2017
ALBANY, New York, November 28, 2017: Biotechnology reagents are useful for research purposes in genetics, molecular biology, immunology, diagnosis, for educational purposes, and bioscience. Biotechnology reagent market is dependent on the rise of biotechnology instrumentation market. During the forecast period, the increase in research and development expenditure by biotechnology companies , and the rising number of biotechnology firms throughout the world are predicted to provide impetus to biotechnology reagent market. More and more usage of biotechnology reagents in the field of basic research, therapeutics and their commercialization are the main reasons behind the growth of this market. The product development in the fields of food and beverages, agri biotech, and pharmaceuticals are slated to increase the market's growth during the forecast period.
The existence of novel approaches such as proteomics, high throughput screening, combinatorial chemistry, and DNA chips are likely to increase the market share because of the rise in usage rates of reagents for the same. Other factors that have a positive impact on the growth of this market are the key market trends in the fields of growing biomedical research activities and the advancement in stem cell research. In the field of biomedical research, the usage of reagents help in labelling the DNA molecules and enhancing the reaction. In the field of stem cell research, the reagents act as a biomarker or for dissociation of human embryonic stem cells.
Amongst others, the main reason that drives this market is the rise in biotechnology industry throughout the world. The rise in the usage of biotechnology supports the growth of the global biotechnology reagents market. The players in this market are trying to create efficient techniques to enhance the productivity and quality of the products and services they offer. Due to a great demand for biotechnological products, the manufacturers are trying to invest huge amounts for the expansion of their productivity. Plus, the rise in the usage of diagnostics in the biotechnology industry also support the biotechnology reagents market. This along with the rise in financial funding by venture capitalists, is predicted to increase the growth of the global biotechnology reagents market during the assessment period.
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Geographically, North America is currently leading and is slated to continue to lead in the market for the years to come. Due to the existence of many of the biotechnology and pharmaceutical companies in North America, the region is leading in the biotechnology reagents market. The expansion of inventions in the Pharmaceutical and Biotechnology industries is leading to the expansion of the biotechnology reagents market.
The usage of biotechnology reagents is basically in research practices in the biotechnology industry. The easy patent application process along with short approval time are slated to further bolster the growth in the global biotechnology reagents market in the years to come.
On the basis of technology, the biotechnology reagents market is segmented into PCR cell structure, flow cytometry, electrophoresis, mass spectrometry, and IVD. Of these, the chromatography segment will lead the biotechnology reagents market and hold the major part of the overall market share. The factor behind the dominance of this sector in the global market is the application of chromatography in the purification along with the dissection of biomolecules and compounds.
Key players within the global bioechnology reagent are profiled in the report so as to study each of these players for the purpose of acquiring knowledge such as expansion strategies, recent developments, and business and financial overview of a company.
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