Life science reagents include reagents that are used in biotechnology, bioscience and pharmaceutical industries. Since the last decade, the global life science reagents market has experienced impressive growth due to factors such as technology advancement and expansion in applications of biotechnology and biosciences in the field of healthcare and pharmaceuticals. Some other factors contributing to the growth of the life science reagents market include increasing disease prevalence and rise in their mortality rates, aging of population and increased research and development activities in the field of biosciences, biotechnology and pharmaceuticals. Based on the commercially available life science reagent products, the global life science reagents market is categorized as PCR reagent kits, cell and tissue culture reagents, flow cytometry reagents, electrophoresis reagents, chromatography reagents, in-vitro diagnostic reagents and others. In addition, the global life science reagents market is segmented on the basis of end users, namely, commercial and contract manufacturers, research and academics, clinical laboratories, and forensic laboratories.
Chromatography reagents are the most widely used reagent products thus, capturing the highest market share in the overall life science reagents market. Wide use of chromatography in almost every aspect of biotechnology-related research and product development is the prime contributing factor for the dominance of this segment. On the other hand, the market share of electrophoresis reagents is the lowest as compared to other products available in the overall life science reagents market. Technological advancement and increasing initiatives towards the expansion of scope of biotechnology and life science has led to perpetual rise in demand for life science reagents worldwide.
In terms of end users, research and academic institutions are the largest consumers of life science reagents. Technological development and corresponding rise in the number of available skilled labor in emerging economies have widened the scope for research outsourcing in the developing markets of India and Brazil. Processes such as pharmaceutical contract manufacturing and cosmetic product manufacturing constitute the largest commercial consumers of life science reagents. Due to the requirement of high capital investment to perform stability studies, formulation development and phase-I trials, several pharmaceutical companies outsource drug development operations to contract manufacturing companies to focus on their core activities of manufacturing drugs and marketing, thereby controlling the in-house budget.
The global life science reagents market is fragmented in terms of presence of a large number of multinational and local players. The mature market players such as Sigma Aldrich, Abbott Laboratories, Life Technologies, Bio-Rad and others currently dominate this market with their patent protected products and intensive growth strategies of acquiring new market entrants providing breakthrough technologies. In addition, large patent repositories of the established market players restrains the entry and growth of new players in the life science reagents market.
Geographically, North America dominates the global life science reagents market and is followed by Europe. Asia-Pacific is expected to show the highest growth rate owing to factors such as increasing research and development activities, rise in the number of government aids, business clusters and trade conglomerates to strengthen biotechnology industry in the respective national markets and rise in the availability of skilled manpower at cheaper cost, thereby increasing the scope for outsourcing of biotech projects. New trend of outsourcing research activities in Asia-Pacific is one of the major driving forces for the growth of the life science reagents market in this region. Countries such as Brazil, Mexico and Argentina in the Rest of the World (RoW) region are adopting strategies such as formation of biotechnology clusters and attracting foreign investments to boost the domestic biotechnology industry. However, stringent regulatory rules restrain the entry of new products in the market and thus, restrict the growth of life science reagents market in these countries.
Consumption of life science reagents has been increasing due to rapidly developing technologies and increasing use of life science technologies. Life science reagents are commercially available in solid as well as in liquid forms. Life science reagents market report covers the market analysis for various reagents used in the biotechnology and life sciences. Continuous innovation in biotechnology is driving the life science reagents market towards remarkable growth. The stakeholders for life science reagents market study include manufacturers and providers of life science reagents.
The global life science reagents market is categorized based on various products that are commercially available and end users of life science reagent products. The different product categories covered in the life science reagents market report include polymerase chain reaction (PCR) reagent kits, cell and tissue culture reagents, flow cytometry reagents, chromatography reagents, in-vitro diagnostic (IVD) reagents and others (gene expression reagents, mass spectroscopy reagents and transfection reagents). The end users for the life science reagents market comprise commercial and contract manufacturers, research and academic institutes, hospital and clinical laboratories and forensic laboratories. A detailed market analysis and revenue forecast for above-mentioned segments has been provided in the life science reagents market study, in terms of USD million for the period 2011 to 2019. The life science reagents market report also provides the compounded annual growth rate (CAGR %) for each product type and end user segment for the forecast period 2013 to 2019, wherein the market size estimations have been made considering 2012 as the base year.
In terms of geographical distribution, the global life science reagents market has been classified into four geographical areas, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). The current and future market size (in terms of USD million) of the above mentioned regional markets has been provided in the life science reagents market report for the period 2011 to 2019 along with their growth rate (CAGR %) for the period 2013 to 2019. The life science reagents market study further offers recommendations and highlights of the current industry trends of life science reagents, which would be useful for the established and emerging players who wish to, enter the market in the near future for strengthening and securing their position in the global life science reagents market.
The executive summary of the life science reagents market report includes market snapshot of the industry. In addition, comparative analysis of the global life science reagents market by geography in terms of value % for the years 2012 and 2019 is also included in the executive summary. The market overview section of the life science reagents market report demonstrates the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of life science reagents market. Impact factors such as market attractiveness analysis by geography in terms of value (%) for the year 2012 and Porter’s five forces analysis have also been explained in the market overview section of the report, in order to give a thorough analysis of the overall competitive scenario of the global life science reagents market.
The life science reagents market study concludes with company profiles section which includes key information such as company overview, financial information, business strategies, product portfolio, and recent developments about the major players in this market. Some of the key players profiled in the life science reagents market report include Abbott Laboratories, Agilent Technologies, Lonza Group Ltd., Promega Corporation, Sigma Aldrich Corporation, Merck Millipore, Siemens Healthcare and Bio-Rad Laboratories, Inc.
The global life science reagents market is segmented as follows:
Life Science Reagents Market, by Product Type
- Polymerase chain reaction (PCR) reagent kits
- Cell and tissue culture reagents
- Flow cytometry reagents
- Electrophoresis reagents
- Chromatography reagents
- In-vitro diagnostics (IVD) reagents
- Others (gene expression reagents, mass spectroscopy reagents and transfection reagents)
Life Science Reagents Market, by End User
- Commercial and contract manufacturers
- Research and academic institutions
- Clinical laboratories
- Forensic laboratories
Life Science Reagents Market, by Geography
- North America
- Rest of the World