Biotechnology Reagents

Global Biotechnology Reagents Market to Reach US$135.1 Billion by 2030

The global market for Biotechnology Reagents estimated at US$104.3 Billion in the year 2024, is expected to reach US$135.1 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Chromatography, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$40.6 Billion by the end of the analysis period. Growth in the In-vitro Diagnostics segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$27.8 Billion While China is Forecast to Grow at 7.3% CAGR

The Biotechnology Reagents market in the U.S. is estimated at US$27.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.4 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Biotechnology Reagents - Key Trends and Drivers

 Biotechnology reagents are critical in the realm of modern biotechnological research and applications, enabling a myriad of processes such as DNA cloning, sequencing, labeling, mutagenesis, and various polymerase chain reaction (PCR) methodologies. As central components in molecular biology, they support advanced genetic research, pharmacology, and diagnostics, with the development of new techniques necessitating an increased demand for specialized reagents and kits. This requirement is facilitating growth not only within established markets but also opening avenues in emerging fields where these reagents are integral to innovation and application expansion.

The global biotechnology reagents market is witnessing substantial growth fueled by significant investments in research and development from governments, academic institutions, and private sectors, particularly in areas such as stem cell research and synthetic biology. These investments are propelling advancements in CRISPR gene editing technology, next-generation sequencing (NGS), and personalized medicine, thereby increasing the need for high-quality reagents. The continuous expansion of biotechnological applications, coupled with the growing importance of diagnostics and biopharmaceuticals in healthcare, is boosting the demand for these specialized reagents.

Technological innovations within the sector are critical in driving the biotechnology reagents market forward, with developments in fluorescence-based assays, high-throughput screening technologies, and the production of biopharmaceuticals necessitating advanced reagents that offer higher sensitivity and specificity. The expansion of the diagnostics sector, spurred by the COVID-19 pandemic and the increasing prevalence of chronic diseases, further underscores the need for precise diagnostic reagents. Additionally, the growing trend of collaborations between academic and commercial entities to expedite the commercialization of research is enhancing the demand for sophisticated biotechnology reagents, supporting the dynamic growth of this market.

SCOPE OF STUDY:

The report analyzes the Biotechnology Reagents market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (Chromatography, In-vitro Diagnostics, PCR, Cell Culture, Other Technologies)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 267 Featured) -

• Abbott Molecular, Inc.
• Agilent Technologies, Inc.
• BD Biosciences
• bioMerieux SA
• Bio-Rad Laboratories, Inc.
• Bio-Techne Coporation
• Danaher Corporation
• F. Hoffmann-La Roche AG
• Fitzgerald Industries International
• General Electric Company
• Hoefer, Inc.
• Lonza Group Ltd.
• Merck KGaA
• Meridian Bioscience, Inc.
• Olympus Corporation
• Ortho Clinical Diagnostics
• PerkinElmer, Inc.
• Promega Corporation
• Quality Biological, Inc.
• Siemens Healthineers
• Sysmex Corporation
• Takara Holdings, Inc.
• Thermo Fisher Scientific, Inc.
• Tosoh Europe N.V.
• W. R. Grace & Co.
• Waters Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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