Global Biotechnology Reagents Market 2017-2021
About Biotechnology Reagents
Biotechnology reagents are used in several different technologies such as PCR, IVD, cell culture, chromatography, electrophoresis, flow cytometry and spectrometry. Biotechnology reagents are used in different fields such as research, diagnosis, bioscience, and education.
Technavio’s analysts forecast the global biotechnology reagents market to grow at a CAGR of 10.13% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global biotechnology reagents market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of biotechnology reagents.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biotechnology Reagents Market 2017-2021
Technavio recognizes the following companies as the key players in the global biotechnology reagents market: Agilent Technologies, BD, Merck, Bio-Rad Laboratories, and Thermo Fisher Scientific
Other Prominent Vendors in the market are: Advanced Analytical Technologies, Beckman Coulter (a subsidiary of Danaher), GE Healthcare, and Siemens Healthcare Diagnostics
Commenting on the report, an analyst from Technavio’s team said: “Ready-to-use reagents help minimize calculation, dilution, and pipetting errors. They reduce the duration of the diagnostic procedure and prevent contamination of samples. These factors have resulted in the demand for ready-to-use reagents among clinical laboratories and hospitals.”
According to the report, the biotechnology industry is spending a huge amount on R&D to innovate new techniques and technologies. The companies are more focused to improve the products, their quality, and standards. The biotech companies are majorly spending on protein synthesis, drug assessment, therapeutics, DNA and RNA analysis, and cell culture applications. Biotechnology reagents are used in all the processes.
Further, the report states that biotechnology instruments are often complex and require sophisticated software for various measurement procedures. To operate the instruments and analyze a sample, the user must have a significant level of training with not only the method and the instrument but also the software required to run the analysis and the collection of data.
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Agilent Technologies, BD, Merck, Bio-Rad Laboratories, Thermo Fisher Scientific, Advanced Analytical Technologies, Beckman Coulter (a subsidiary of Danaher), GE Healthcare, and Siemens Healthcare Diagnostics