Life science is the field of science that deals with the study of variety of living organisms, such as, plants, animals, human beings and microorganisms. Life sciences is also considered as a multidisciplinary scientific and research field as it comprises of a wide number of fields of study, such as molecular biology, genetics, biotechnology, cell biology, biochemistry, biomedicine etc. Some of the major life sciences tools include, instruments, reagents, consumables and services that are offered to various academic, medical, scientific and research professionals worldwide.
Life sciences tools market can be classified into five major segments, namely, genomics, proteomics, cell biology, other analytical tools and laboratory supplies & disposables. The genomics tools segment can be further classified into sub segments, such as, PCR, digital PCR, qPCR, CE sequencing, microarrays, next generation/third generation sequencing and molecular biology. The proteomics tools can be further segmented into segments such as, ELISA, protein isolation and analysis, protein microarrays, protein production and western blotting tools. And, the other analytical tools will include, media and sera, basic cell biology reagents, flow cytometry, electroporation, transfection, microscopy, cell culture equipment, whole cell imaging, cells and tissues. The laboratory supplies and disposables include sub segments such as, mass spectroscopy, liquid chromatography, multiplex technologies, in vivo study, sample preparation, glassware, LIMS and magnetic beads.
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A new market intelligence report, titled “Life Sciences Tools Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” by Transparency Market Research offers a thorough overview of the market. The research study analyzes the key growth prospects of the global life sciences tools market and throws light on the potential opportunities and latest trends. The historical performance and the estimated statistics of the global life science tools market have also been highlighted in the research study.
The rising demand from diverse pharmaceuticals and research companies and rising incidences of new drug resistant diseases are projected to augment the growth of the global life sciences tools market in the forecast period. Technological developments in different areas of life sciences are expected to contribute towards the development of the market. In addition, the growing demand from key research and pharmaceutical companies for improved and better reagents and other products in order to speed up their research drug development procedures.
Furthermore, several life science tools do not have to face rigid regulations related to their approval and marketing in comparison with other drugs and medical devices in the market. The emergence of new therapeutics require the assistance of several life science tools, this is projected to augment the growth of the market in the next few years.
By genomics tools, the global life science tools market has been categorized into microarrays, PCR, molecular biology, next generation/third generation sequencing, CE sequencing, qPCR, and digital PCR. By proteomics, the market has been divided into ELISA, protein microarrays, protein isolation and analysis, western blotting tools, and protein production. A detailed analysis and classification of these segments have been included in eth research study.
From the geographical perspective, North America is the dominant region in the global life science tools market at present, followed by Europe. The high growth of these two regions can be ascribed to the growing drug development and research activities. In addition, most of the leading and established pharmaceutical companies are based in North America and Europe, contributing extensively towards the development of the market. On the other hand, Asia Pacific is considered as a lucrative market for companies to explore. Moreover, the rising healthcare expenditure and improving economic condition in this region are expected to propel the market in the forecast period.
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Sigma-Aldrich Corporation, Bio-Rad Laboratories, Inc., Life Technologies (Thermo Fisher Scientific Corporation), F. Hoffmann-La Roche Ltd., Agilent Technologies, Inc., and EMD Millipore (Merck KGaA) are some of the leading players in the global market for life sciences tools. To provide a clear understanding of the market, detailed profiles of the leading players have been discussed at length in the scope of the research report, focusing on the product portfolio, financial status, key business strategies, and recent developments and events if any.