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The report is titled as ‘Biotechnology Reagents Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the biotechnology reagents market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Biotechnology Reagents market is expected to grow at a significant rate in the near future.
The global biotechnology reagents market is estimated to reach at a value of US$ 76.6 Bn by the end of 2020 and expected to reach at a value of US$ 139.0 Mn by 2028 with a significant CAGR of 7.8%.
Biotechnology reagents can be understood as the compounds or substances used to identify or incorporate another compound in order to offer a test reading. These biotechnology reagents are used in the field of genetics, research, diagnosis, molecular biology, bioscience, and immunology. Biotechnology reagents consist of technologies such as spectrometry, cell culture, PCR, IVD, chromatography, transfection and expression, electrophoresis, and flow cytometry, and serve its utility in fields such as fluorescent microscopy, immune phenotyping, cell cycle analysis, and DNA analysis. The growth of the global biotechnology reagents industry relies on the development of the biotechnology instrumentation market.
The constantly increasing number of biotechnology firms and organizations all across the world as well as associated rising R&D expenditure by the biotechnology firms are leading factors that are boosting the growth of the global biotechnology reagents market. In addition, the soaring curiosity and interest in stem cell research is also a major factor that is projected to positively fuel the growth of the global biotechnology reagents market in the forthcoming years. However, the global biotechnology reagents industry is often restricted because of the stringent government guidelines and regulations for the approval of reagents, which is likely to limit the growth of the global industry in the near future.
Nevertheless, there is heavy usage of biotechnology reagents in research and commercial fields which further positively accelerates the growth of the global biotechnology reagents market. In addition to that, initially, the drug manufacturing companies have started stem cell research and many participants in the pharmaceutical industry started using these cells to check the toxicity of drugs, which assists them to determine novel therapies. A broad range of reagents, such as laboratory reagents, stem cell culture media, and many more are essential to meet the needs of stem cell culture. Along with the flourishing stem cell research, the demand for biotechnology reagents is also estimated to grow briskly in the near future, thus the global biotechnology reagents market is expected to observe huge breakthrough over the forecast period.
However, the money-exhaustive cost of biotechnology reagents may act as a restraining factor for the growth of the global biotechnology reagents market in the given timeframe. Nevertheless, the significant rise of the biotechnology industry across the world, with heavy investments by private players as well as by governments and regulatory bodies is graciously supporting the growth of the global biotechnology reagents market.
The global biotechnology reagents market is segmented on the basis of ingredient type, form, application, and region. On the basis of the ingredient type, the biotechnology reagents market is segmented into Chemical Peels, Sunscreen Ingredients, Peptides, Hyaluronic Acid, Anti-Oxidants, Retinol, Niacinamide, and Others. The form biotechnology reagents market segment is divided into liquid and powder. Furthermore, the application biotechnology reagents market segment is divided into Skin Care and Hair Care.
The global biotechnology reagents market is dominated by Abbott Laboratories, Agilent Technologies, Danaher Corp (Beckman Coulter), Becton Dickinson & Company, Bio-Rad Laboratories, GE Healthcare, Siemens Healthcare, Merck KGaA (Sigma Aldrich Corporation), Thermo Fisher Scientific Inc., and Waters Corporation, among others.
North America majorly monopolizes the global biotechnology reagents market as it induces the highest spending for global R&D. Particularly, the United States recorded the biggest share in the region.
The North American region is on the upsurge in biotechnology reagents market owing to numerous strong factors, including swift ongoing research in the area of biological sciences, substantial investments, and funding by various biotechnology companies and the frequently growing employment of biotechnology reagents in the global market.
In addition to that, favorable accomplishment of the initial phase of the Human Genome Project, preceding the schedule, has given upsurge to the U.S. biotechnology reagent market.
Furthermore, attributable to the successful and progressing research as well as outsourcing activities in the area of life sciences, Asia-Pacific also has productive and greater opportunities for growth of the global industry in the given timeframe.
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the biotechnology reagents market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Biotechnology Reagents
Advantages of Biotechnology Reagents
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Biotechnology Reagents Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Biotechnology Reagents Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Biotechnology Reagents Market Snapshot
2.4. Global Biotechnology Reagents Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Biotechnology Reagents Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Biotechnology Reagents Market, By Ingredient Type
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Ingredient Type
3.1.2. BPS Analysis, By Ingredient Type
3.2. Market Revenue (US$Mn) Forecast, By Ingredient Type
3.2.1. Chemical Peels
3.2.2. Sunscreen Ingredients
3.2.3. Peptides
3.2.4. Hyaluronic Acid
3.2.5. Anti-Oxidants
3.2.6. Retinol
3.2.7. Niacinamide
3.2.8. Others
3.3. Global Biotechnology Reagents Market Attractiveness Index, By Ingredient Type
4. Global Biotechnology Reagents Market, By Form
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Form
4.1.2. BPS Analysis, By Form
4.2. Market Revenue (US$Mn) Forecast, By Form
4.2.1. Liquid
4.2.2. Powder
4.3. Global Biotechnology Reagents Market Attractiveness Index, By Form
5. Global Biotechnology Reagents Market, By Application
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Application
5.1.2. BPS Analysis, By Application
5.2. Market Revenue (US$Mn) Forecast, By Application
5.2.1. Skin Care
5.2.2. Hair Care
5.3. Global Biotechnology Reagents Market Attractiveness Index, By Application
6. Global Biotechnology Reagents Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Biotechnology Reagents Market Attractiveness Index, By Region
7. North America Biotechnology Reagents Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) Forecast, By Country
7.2.1. U.S. Biotechnology Reagents Market
7.2.2. Canada Biotechnology Reagents Market
7.3. North America Biotechnology Reagents Market, By Ingredient Type
7.3.1. Chemical Peels
7.3.2. Sunscreen Ingredients
7.3.3. Peptides
7.3.4. Hyaluronic Acid
7.3.5. Anti-Oxidants
7.3.6. Retinol
7.3.7. Niacinamide
7.3.8. Others
7.4. North America Biotechnology Reagents Market, By Form
7.4.1. Liquid
7.4.2. Powder
7.5. North America Biotechnology Reagents Market, By Application
7.5.1. Skin Care
7.5.2. Hair Care
7.6. North America Biotechnology Reagents Market Attractiveness Index
7.6.1. By Country
7.6.2. By Ingredient Type
7.6.3. By Form
7.6.4. By Application
8. Latin America Biotechnology Reagents Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market Revenue (US$Mn) Forecast, By Country
8.2.1. Brazil Biotechnology Reagents Market
8.2.2. Mexico Biotechnology Reagents Market
8.2.3. Argentina Biotechnology Reagents Market
8.2.4. Rest of Latin America Biotechnology Reagents Market
8.3. Latin America Biotechnology Reagents Market, By Ingredient Type
8.3.1. Chemical Peels
8.3.2. Sunscreen Ingredients
8.3.3. Peptides
8.3.4. Hyaluronic Acid
8.3.5. Anti-Oxidants
8.3.6. Retinol
8.3.7. Niacinamide
8.3.8. Others
8.4. Latin America Biotechnology Reagents Market, By Form
8.4.1. Liquid
8.4.2. Powder
8.5. Latin America Biotechnology Reagents Market, By Application
8.5.1. Skin Care
8.5.2. Hair Care
8.6. Latin America Biotechnology Reagents Market Attractiveness Index
8.6.1. By Country
8.6.2. By Ingredient Type
8.6.3. By Form
8.6.4. By Application
9. Europe Biotechnology Reagents Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) Forecast, By Country
9.2.1. U.K. Biotechnology Reagents Market
9.2.2. Germany Biotechnology Reagents Market
9.2.3. Italy Biotechnology Reagents Market
9.2.4. France Biotechnology Reagents Market
9.2.5. Spain Biotechnology Reagents Market
9.2.6. Russia Biotechnology Reagents Market
9.2.7. Poland Biotechnology Reagents Market
9.2.8. BENELUX Biotechnology Reagents Market
9.2.9. NORDIC Biotechnology Reagents Market
9.2.10. Rest of Europe Biotechnology Reagents Market
9.3. Europe Biotechnology Reagents Market, By Ingredient Type
9.3.1. Chemical Peels
9.3.2. Sunscreen Ingredients
9.3.3. Peptides
9.3.4. Hyaluronic Acid
9.3.5. Anti-Oxidants
9.3.6. Retinol
9.3.7. Niacinamide
9.3.8. Others
9.4. Europe Biotechnology Reagents Market, By Form
9.4.1. Liquid
9.4.2. Powder
9.5. Europe Biotechnology Reagents Market, By Application
9.5.1. Skin Care
9.5.2. Hair Care
9.6. Europe Biotechnology Reagents Market Attractiveness Index
9.6.1. By Country
9.6.2. By Ingredient Type
9.6.3. By Form
9.6.4. By Application
10. Asia Pacific Biotechnology Reagents Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) Forecast, By Country
10.2.1. China Biotechnology Reagents Market
10.2.2. India Biotechnology Reagents Market
10.2.3. Japan Biotechnology Reagents Market
10.2.4. Australia And New Zealand Biotechnology Reagents Market
10.2.5. South Korea Biotechnology Reagents Market
10.2.6. ASEAN Biotechnology Reagents Market
10.2.7. Rest of Asia Pacific Biotechnology Reagents Market
10.3. Asia Pacific Biotechnology Reagents Market, By Ingredient Type
10.3.1. Chemical Peels
10.3.2. Sunscreen Ingredients
10.3.3. Peptides
10.3.4. Hyaluronic Acid
10.3.5. Anti-Oxidants
10.3.6. Retinol
10.3.7. Niacinamide
10.3.8. Others
10.4. Asia Pacific Biotechnology Reagents Market, By Form
10.4.1. Liquid
10.4.2. Powder
10.5. Asia Pacific Biotechnology Reagents Market, By Application
10.5.1. Skin Care
10.5.2. Hair Care
10.6. Asia Pacific Biotechnology Reagents Market Attractiveness Index
10.6.1. By Country
10.6.2. By Ingredient Type
10.6.3. By Form
10.6.4. By Application
11. Middle East Biotechnology Reagents Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market Revenue (US$Mn) Forecast, By Country
11.2.1. GCC Countries Biotechnology Reagents Market
11.2.2. Israel Biotechnology Reagents Market
11.2.3. Oman Biotechnology Reagents Market
11.2.4. Rest of Middle East Biotechnology Reagents Market
11.3. Middle East Biotechnology Reagents Market, By Ingredient Type
11.3.1. Chemical Peels
11.3.2. Sunscreen Ingredients
11.3.3. Peptides
11.3.4. Hyaluronic Acid
11.3.5. Anti-Oxidants
11.3.6. Retinol
11.3.7. Niacinamide
11.3.8. Others
11.4. Middle East Biotechnology Reagents Market, By Form
11.4.1. Liquid
11.4.2. Powder
11.5. Middle East Biotechnology Reagents Market, By Application
11.5.1. Skin Care
11.5.2. Hair Care
11.6. Middle East Biotechnology Reagents Market Attractiveness Index
11.6.1. By Country
11.6.2. By Ingredient Type
11.6.3. By Form
11.6.4. By Application
12. Africa Biotechnology Reagents Market, By Region
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market Revenue (US$Mn) Forecast, By Country
12.2.1. South Africa Biotechnology Reagents Market
12.2.2. Egypt Biotechnology Reagents Market
12.2.3. North Africa Biotechnology Reagents Market
12.2.4. Rest of Africa Biotechnology Reagents Market
12.3. Africa Biotechnology Reagents Market, By Ingredient Type
12.3.1. Chemical Peels
12.3.2. Sunscreen Ingredients
12.3.3. Peptides
12.3.4. Hyaluronic Acid
12.3.5. Anti-Oxidants
12.3.6. Retinol
12.3.7. Niacinamide
12.3.8. Others
12.4. Africa Biotechnology Reagents Market, By Form
12.4.1. Liquid
12.4.2. Powder
12.5. Africa Biotechnology Reagents Market, By Application
12.5.1. Skin Care
12.5.2. Hair Care
12.6. Africa Biotechnology Reagents Market Attractiveness Index
12.6.1. By Country
12.6.2. By Ingredient Type
12.6.3. By Form
12.6.4. By Application
13. Recommendation
13.1. Market Strategy
14. Competitive Landscape
14.1. Competition Dashboard
14.2. List and Company Overview of Global Key Players
14.3. Company Profiles
14.3.1. Abbott Laboratories
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Key Developments
14.3.1.5. Business Strategies
14.3.2. Agilent Technologies
14.3.3. Danaher Corp
14.3.4. Becton Dickinson & Company
14.3.5. Bio-Rad Laboratories
14.3.6. GE Healthcare
14.3.7. Siemens Healthcare
14.3.8. Merck KGaA
14.3.9. Thermo Fisher Scientific Inc.
14.3.10. Waters Corporation
15. Acronyms
The global biotechnology reagents market is estimated to reach at a value of US$ 76.6 Bn by the end of 2020 and expected to reach at a value of US$ 139.0 Mn by 2028 with a significant CAGR of 7.8%.
The constantly increasing number of biotechnology firms and organizations all across the world as well as associated rising R&D expenditure by the biotechnology firms are leading factors that are boosting the growth of the global biotechnology reagents market. In addition, the soaring curiosity and interest in stem cell research is also a major factor that is projected to positively fuel the growth of the global biotechnology reagents market
The global biotechnology reagents market is segmented on the basis of ingredient type, form, application, and region.
Abbott Laboratories, Agilent Technologies, Danaher Corp (Beckman Coulter), Becton Dickinson & Company, Bio-Rad Laboratories, GE Healthcare, Siemens Healthcare, Merck KGaA (Sigma Aldrich Corporation), Thermo Fisher Scientific Inc., and Waters Corporation, among others are the key participating players in the market