SEATTLE, May 25, 2021, (MEDGADGET) — Overview
The study of life and living things is known as Anatomy, life science or biology, ecology, animal biology, biochemistry, bacteriology, cell biology, evolutionary biology, molecular biology, genetics, pathology, plant biology, and virology are all topics included in this course. Drug exploration, tissue engineering, drug screening, forensic research, and genetic analysis are all areas where life science plays an important role.
Statistics:
The global life science products market is expected to account over US$ 4,735.8 Mn in terms of value by the end of 2027.
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Drivers
Rising funding in the life science sector is expected to drive growth of the global life science products market during the forecast period. For instance, in February 2020, Purdue-affiliated Amplified Sciences LLC and Brightlamp Inc. received a grant over US$ 250,000 each from the Purdue Foundry Investment Fund for R&D initiatives in life science technologies.
Furthermore, growing R&D initiatives in rare diseases is also expected to propel growth of the global life science products market over the forecast period. For instance, Oraxion Therapeutics, Inc., a subsidiary of India-based Aten Porus, is undergoing preclinical and efficacy study of the drug, ORX-301, that could be used in the treatment of FSGS. Moreover, in February 2018, Oraxion Therapeutics, Inc. entered into an Option Agreement with a U.S-based biopharmaceutical company. The deal gives the U.S.-based corporation exclusive access to perform additional clinical testing and license ORX-301 in the U.S.
Asia Pacific region held a significant position in the global life science products market in 2019, accounting over 42.6% share in terms of value, followed by North America.
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Restraints
High cost of life science goods is expected to hamper growth of the global life science products market. Complex processes are needed for the development of novel products in the life science domain, which results in costly products.
Furthermore, Due to the uncertainty in the outcomes expected from complex studies, some consumers do not prefer to invest in such costly items, particularly for research groups with small budgets and financing. The majority of testing items obtained from various suppliers provide ambiguous outcomes, and products have also been known to have lot-to-lot variability. However, scholars find it impossible to replicate published results, significantly restricting research success. Such scenarios are likely to constrain demand growth.
Opportunities
Players in the market can concentrate on expanding their presence in emerging markets. Biotech programs can be outsourced to developing markets such as India, where skilled labor and trained personnel are readily available at low prices.
Rising government initiatives to boost the life science sector is expected to pose attractive growth opportunities for players in the global life science products market. For instance, in March 2020, the U.K. government pledged an investment over US$ 24.57 billion per year by 2024-25 in its budget for R&D investment, including in the life sciences.
Academic & Research Institutes segment in the global life science products market was accounted around US$ 1,444.8 Mn in 2019 and is estimated to reach over US$ 1,967.6 Mn by 2027 at a CAGR around 3.9% over the forecast period.
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Market Trends
The use of big data in the life sciences field helped leading companies to categories prospective consumers, allowing them to provide relevant content and monitor campaign effectiveness. The EU, introduced the General Data Protection Regulation (GDPR) in May 2018 that improved data privacy laws. However, market actors must reconsider their strategies in order to suit the European market.
In Europe, the number of patents in the life sciences industry has increased. For instance, in 2019, according to the European Patent Office, the pharmaceutical sector witnessed around 4.4% rise in number of patents over 2018, whereas and biotechnology sector recorded a rise around 1.7% over 2018.
Regulations
Competitive Landscape
Major players are dominating in the global life science products market such as, A.M.S. Biotechnology (Europe) Limited, Abcam Plc., BPS Bioscience Inc., Bio-Rad Laboratories Inc., Genscript Biotech Corporation, Crown Bioscience Inc., PerkinElmer Inc., Merck Millipore Limited, Thermo Fisher Scientific Inc. and Sigma Aldrich Corp.
Key Developments
Key players in the global life science products market are concentrating on launches of new products to broaden their product range. For instance, in October 2019, Thermo Fisher Scientific Inc. launched Cytomat 2 C-LiN Series Automated Incubator, Cell growth and environmental stability are key features of a variety of microplate applications, microbiology, including cell-based screening, immuno-capture assays, and enzyme testing.
Key players in the global life science products market are concentrating on conducting clinical trials to broaden their product range. For instance, in March 2020, Achieve Life Sciences, Inc., a clinical-stage pharmaceutical company, presented additional analyses from the ORCA-1 Phase 2b trial that assessed the efficacy of ‘Cytisinicline’, a plant-based alkaloid with a high binding affinity to the α4β2 nicotine receptor, at the SRNT Annual Meeting in New Orleans (U.S).
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Regulatory Scenario
- Mergers and Acquisitions
- Market Dynamics
- Global Life Science Products Market, By Product, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Recombinant Proteins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Immune Checkpoint Regulators
- Chemokines
- Growth Factors
- Cytokines
- Colony Stimulating Factors
- Hormones
- Enzymes & Inhibitors
- Others
- Cell Lines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Immunotherapy Cell Lines
- Ion Channel Cell Lines
- GPCR Cell Lines
- Cell Signaling Pathway Cell Lines
- Gene Knockout Cell Lines
- Cancer Cell Lines
- Others
- Antibodies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Immune Checkpoint Antibodies
- Epitope Tag Antibodies
- Isotype Control Antibodies
- Research Use
- In-vivo Grade
- Primary Antibodies
- Research Use
- In-vivo Grade
- Assay Antibodies (includes secondary antibodies)
- Others
- Viable Tumor Samples
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Tumor Tissue Microarrays
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Life Science Products Market, By Application, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Drug Discovery & Development
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Basic Research
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Toxicity Screening
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Biopharmaceutical Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Drug Screening
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Tissue Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Forensic Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Life Science Products Market, By End User, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Biopharmaceutical Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Contract Research Organizations (CROs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Academic & Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Forensic Science Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Food & Beverage Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Life Science Products Market, By Region, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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