Published on : Apr 25, 2017
Albany, New York, April 25, 2017: The report, titled “Global Biotechnology Reagents Market 2017-2021,” states that the market will exhibit a promising 10% CAGR over the period between 2017 and 2021. The rising applications of biotechnology across a number of industries are key to the healthy growth prospects of the global biotechnology reagents market over the said period.
The market for biotechnology reagents is also gaining momentum on a global front owing to the vast rise in diagnostics applications of these products in the biotechnology industry. The market is also expected to gain traction owing to the increasing investment from manufacturing companies towards the improvement of production capacities and quality of their deliverables.
From a geographical standpoint, the market for biotechnology reagents in North America accounted for the leading share in the global market in 2016. The region is expected to retain dominance over the report’s forecast period, chiefly owing to the presence of some of the world’s leading vendors in the fields of biotechnology and pharmaceuticals.
The report segments the global market for biotechnology reagents on the basis of technology into chromatography, IVD (in-vitro diagnostics), polymerase chain reaction cell culture mass spectrometry, flow cytometry, and electrophoresis. Of these, the segment of chromatography dominated the global biotechnology reagents market in 2016, accounting for a massive share in the global market. The extensive use of chromatography techniques in the examination and purification of a variety of biomolecules and compounds has been attributed to the dominance of the segment in the global biotechnology reagents market.
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On the basis of application, the global market for biotechnology reagents has been segmented into gene expression, DNA and RNA analysis, drug testing, and protein purification. Of these, the segment of protein purification, which refers to the process of separating proteins, from sources such as tissues, cells, and different organisms, in their active form is presently the leading segment. Proteins are purified for a myriad of purposes, including for the production of biopharmaceuticals, enzymes, and nutritional supplements.
The report states that the competitive landscape of the global market for biotechnology reagents features a largely fragmented nature owing to the presence of a large number of regional, domestic, and international companies. Established vendors in the global biotechnology reagents market have established command on the market owing to extensive geographical presence and massive production facilities spread across the globe. Companies in the market are competing on the basis of aspects such as cost, innovation, and product quality.
Some of the notable companies in the global biotechnology reagents market are Agilent Technologies, Merck, Bio-Rad Laboratories, Thermo Fisher Scientific, Beckman Coulter (a subsidiary of Danaher), Advanced Analytical Technologies, Siemens Healthcare Diagnostics, and GE Healthcare.
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