The global market for biotechnology reagents is predicted to exhibit a CAGR of 6.70% during the estimated period, 2020-2028

Tuesday, December 10, 2019 General News
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NEW YORK, Dec. 10, 2019 /PRNewswire/ --

KEY FINDINGSThe global market for biotechnology reagents is predicted to exhibit a CAGR of 6.70% during the estimated period, 2020-2028. The increasing utilization of biotechnology reagents in varied applications, the increasing protein profiling applications, and the large-scale investments, are the factors boosting the growth of the market.

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MARKET INSIGHTSThe global market for biotechnology reagents has constantly recorded stable growth in the last few years.The increasing research labs, bio-related technologies, and commercial requests are the primary factors pushing market growth.The evolving biotechnology industry is another important factor in driving market growth. The innovations in bioprocessing technologies and the rising number of pharma companies are driving the biopharmaceutical market.However, the complexities and cost of biopharmaceutical research have increased, hindering the research and development process.It becomes costly for the companies to discharge the biotech reagents after using it in research.These factors are estimated to hinder the growth of the market.REGIONAL INSIGHTSAs of 2019, the North American market region dominates in terms of market share.This is attributed to the developing pharmaceutical industry.Regionally, the United States dominates the market as a result of large-scale funding by government organizations.The region of Asia Pacific is set to be the fastest-growing market region for the biotechnology reagents market.This is due to the surging demands for GMO crops.COMPETITIVE INSIGHTSThe stable growth standards and prospects of the market have resulted in the emergence of both, well-established and emerging players. Bio-Rad Laboratories Inc., Becton, Dickinson & Company (BD), Agilent Technologies Inc., Bio-Techne Corporation, Abbott Laboratories, Corning Inc., are the key players in the market.Our report offerings include:• Explore key findings of the overall market• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions• Market Segmentation cater to a thorough assessment of key segments with their market estimations• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developmentsCompanies mentioned1. ABBOTT LABORATORIES2. AGILENT TECHNOLOGIES INC.3. BECTON, DICKINSON & COMPANY (BD)4. BIO-RAD LABORATORIES INC.5. BIO-TECHNE CORPORATION6. CORNING INC.7. GE HEALTHCARE8. INVIVOSCRIBE TECHNOLOGIES INC9. LONZA GROUP LTD.10. MERCK KGAA11. MERIDIAN BIOSCIENCE INC12. PERKINELMER13. PROMOCELL GMBH14. SIGNALCHEM LIFESCIENCES CORPORATION15. VWR CORPORATION (PART OF AVANTOR)Read the full report: About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: US: (339)-368-6001 Intl: +1 339-368-6001

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