A new research report pegs the global life science reagents market at US$25.73 bn in 2019. The market will be able to achieve this value if it maintains its CAGR of 10.8% from 2013 to 2019. Transparency Market Research, the publisher of the report, is a leading market intelligence provider in a wide array of industry verticals. The report, titled “Life Science Reagents Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” explains how this market is expected to shape up in the coming years and what factors are and will be responsible for its growth rate.
The list of chemicals in the global life science reagents market include those used in the fields of pharmaceuticals, bioscience, and biotechnology. This market has received major focus over the past few years owing to a boom in the biotechnology industry in terms of applications, along with breakthrough advancements in technology.
According to the report, the global life science reagents market is being driven by the rapidly increasing number of diseased patients. The mortality rates are high is some regions, which is fuelling demand from the global life science reagents market. This is expected to continue for most of the forecast period.
In terms of product types, the report reveals chromatography reagents to be the leading segment in the global life science reagents market for 2012. It has been the most used method so far, especially in the fields of research-based biotechnology and product evolutions.
The report also divides the global life science reagents market according to the end users of the market. The market was dominated by the segment of research and development. The report further shows that the segment of manufacturing and pharmaceutical contract manufacturing is the largest commercial sector consumers in the global life science reagents market.
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Regionally, the global life science reagents market was led by North America in 2012 owing to an advanced healthcare infrastructure. This region is followed by Europe in terms of market size. On the other hand, Asia Pacific is showing the fastest growth rate due to positive investment opportunities in the region. This region is gaining share in the global life science reagents market due to the increasing rate of outsourcing practices. Other factors boosting the market include the increasing scope of skilled labor, the rising aid given by governments, and the rapid growth in research and development efforts.
The key players in the global life science reagents market include Sysmex Corporation, Sigma-Aldrich Corporation, Meridian Life Science, Inc., Siemens Healthcare, Promega Corporation, Life Technologies Corporation, GE Healthcare Ltd., F. Hoffman-La Roche, Ltd. Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., Agilent Technologies, Inc., and Abbott Laboratories, Inc.
Key Segments of the Global Life Sciences Reagents Market
Life Science Reagents Market, by Product Type
- Polymerase chain reaction (PCR) reagent kits
- Cell and tissue culture reagents
- Flow cytometry reagents
- Electrophoresis reagents
- Chromatography reagents
- In-vitro diagnostics (IVD) reagents
- Others (gene expression reagents, mass spectroscopy reagents and transfection reagents)
Life Science Reagents Market, by End User
- Commercial and contract manufacturers
- Research and academic institutions
- Clinical laboratories
- Forensic laboratories
Life Science Reagents Market, by Geography
- North America
- Rest of the World
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