Biochemical Reagents Market - Growth, Trends, and Forecast (2019 - 2024)

Biochemical Reagents Market - Growth, Trends, and Forecast (2019 - 2024)

Market Overview

The growth of the global biochemical reagents market can be attributed to factors, such as a rising focus on R&D, widening the application of biochemical reagents in the life science and healthcare sectors, technological advancements, and increasing demand for diagnostics and imaging across the world, owing to the growing risks of chronic diseases. The development of advanced analytical technologies, such as polymerase chain sequencing, next-generation sequencing, and biochips are driving the growth of the global biochemical reagents market.

Scope of the Report

Biochemical reagents can be defined as chemical agents extracted from any biological system for biological research. The production of biochemical reagents is done by three basic procedures, namely chemical synthesis, isolation and purification of the chemical substance from the organisms, and fermentation. The production of biochemical reagents involves the maintenance of multiple parameters, such as density, melting point, refractive index, content, optical rotation, freezing point, bioactivity, spectral characteristics, and moisture.

Key Market Trends

Chromatography Segment Captures the Largest Market Share and is Expected to Retain its Dominance over the Forecast Period

The oscillations in the pharmaceutical and biopharmaceutical industries across the world directly affects the demand for chromatography reagents, owing to a wide application spectrum, such as for drug delivery, separation of chemical and biomolecules, diagnostics, and protein purification. In addition, the rise in the number of chronic diseases is leading to increased AIDS and cancer research and the discovery of new viruses and bacteria. Hence, companies are emphasizing on the development of newer molecular entities (NMEs), in order to fight these diseases. In turn, these companies have increased their R&D spending on pharmaceuticals. Moreover, the speedy adoption of technologically advanced therapeutic solutions, such as monoclonal antibodies, are gaining importance, owing to a rise in the burden of chronic diseases, which directly boosts the adoption of chromatography reagents. Thus, considering all these factors, chromatography agents are expected to retain their dominance over the forecast period.

North America Captured the Largest Market Share and is Expected to Retain its Dominance

North America dominated the global biochemical reagents market, with the United States being the major contributor to the market. The presence of major market players and huge pharmaceutical and biopharmaceutical industries, coupled with the rising investments in the country for the adoption of advanced technologies, are expected to boost the regional growth of the market over the forecast period. The investments in R&D of various simpler technologies for biopharmaceutical industries are also expected to propel the market growth in the region.

Competitive Landscape

The presence of major market players, such as Abbott Laboratories, Agilent Technologies Inc., Beckton Dickinson and Company, Bio-Rad Laboratories, and Johnson and Johnson, is expected to increase the overall market competition. The increasing innovation and rise in investments for various public and private organizations are expected to intensify the industry rivalry across the world.

Reasons to Purchase this report:

The market estimate (ME) sheet in Excel format
Report customization as per the client's requirements
3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Widening Applications of Biochemical Reagents
4.2.2 Increasing Demand for Diagnostics and Imaging
4.2.3 Technological Advancement
4.3 Market Restraints
4.3.1 Shelf -life
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Product Type
5.1.1 Cell and Tissue Culture Reagents
5.1.2 Chromatography Reagents
5.1.3 Electrophoresis Reagents
5.1.4 Polymerase Chain Reaction (PCR) Reagent Kits
5.1.5 Other Product Types
5.2 Material
5.2.1 Polyethersulfone
5.2.2 Regenerated Cellulose
5.3 Geography
5.3.1 North America US Canada Mexico
5.3.2 Europe Germany UK France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle East & Africa GCC South Africa Rest of Middle East & Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Agilent Technologies Inc.
6.1.3 Becton Dickinson & Company
6.1.4 Bio-Rad Laboratories
6.1.5 Johnson and Johnson
6.1.6 Merck and Co. Inc.
6.1.7 Roche Holding AG
6.1.8 Siemens Healthineers
6.1.9 Thermo Fisher Scientific Inc.
6.1.10 Waters Corporation

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook