Global Life Science Reagents Market $53.3 Billion by 2029

The global market for life science reagents predicted to reach $53.3 billion by 2029, expanding at a CAGR of 8.1% over the forecast period, driven by increasing use of reagents in therapeutics, basic research and commercial applications, as well as technological advancements in innovative product development.

Life science reagents used for analysis are the substances or compounds used to detect or synthesize another substance in order to provide a test reading.

• These reagents are used in the field of research, diagnosis, biotechnology, and education.
  • The market uptake 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.

The global life market for science reagents report estimates the market size ($million 2019 to 2029) and forecast (CAGR% 2023 to 2029). 

The global market for life science reagents segmented by product (PCR reagent kits, cell and tissue culture reagents, flow cytometry reagents, electrophoresis reagents, chromatography reagents, in vitro diagnostic reagents, other reagents), end user (commercial and contract manufacturers, research and academic institutions, clinical laboratories, forensic laboratories), and geography.

Besides immunoassay, the other reagents sub-segment includes coagulation testing, cancer diagnosis and cancer markers, cardiac diseases, cholesterol levels, drug abuse, and autoimmune disease testing, assay detection reagents, immunosorbents and miscellaneous reagents for in-vitro testing.

• Based on the products, the chromatography reagents segment accounted for the largest share of the total life science reagents market, attributed to its wide range of applications in the life sciences industry for purification or for analytical purposes.
  • Chromatography is used in the field of research for analyzing various potential drug candidates. In the life science industry, chromatography technique is widely used for protein purification, DNA sequencing, DNA fingerprinting and DNA purification.
  • On the other hand, the PCR reagent kits segment predicted to witness the fastest double-digit growth rate in the coming years, owing to its applications in diagnosis of various diseases especially cancer, infectious diseases including viral and bacterial infections. and technological advancements.
• In terms of end users, the research and academic institutions segment dominated the global life sciences reagents market, whereas the commercial and contract manufacturers segment expected to grow at the fastest double-digit CAGR during the forecast period.

The global market for life science reagents research report is divided by geography (regional and country based) into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World.

• Geographically, the North America region dominated the life science reagents market followed by the Europe region, owing to growth of life sciences industry, highest rate of adoption of innovative technologies, early introduction of technologically advanced diagnostic and therapeutic solutions and increasing healthcare expenditures in the developed countries.
  • However, the Asia Pacific region expected to be a lucrative market with the fastest double-digit growth rate, due to the increasing prevalence of infectious and chronic diseases such as HIV, tuberculosis, influenza, diabetes, cancer, etc. in the developing nations. Countries such as Japan and China anticipated to register faster growth in the life science reagents market, closely followed by India.
• On the other hand, the rapid adoption of advanced technologies in the Latin America and Eastern Europe regions is in progress, due to economic development and intensive market penetration by manufacturers through cost-effective and innovative products in these regions.

The global market for life science reagents report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major competitors operating in the global market for life science reagents and included in this report are Abbott Laboratories, Inc., Agilent Technologies, Inc., Becton, Dickinson and Company, bioMerieux, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation (Beckman Coulter, Inc.), GE Healthcare , Lonza Group AG, Merck & Co., Inc. (MilliporeSigma/Sigma-Aldrich), Meridian Life Science, Inc., PerkinElmer, Inc., Promega Corporation, Roche Holding AG (F. Hoffman-La Roche AG), Siemens Healthineers, Sysmex Corporation, Thermo Fisher Scientific, Inc. (Life Technologies), and Waters Corporation.

• Product 
  • PCR Reagent Kits
  • Cell and Tissue Culture Reagents
  • Flow Cytometry Reagents
  • Electrophoresis Reagents
  • Chromatography Reagents
  • In-Vitro Diagnostic Reagents
  • Other Reagents
• End User
  • Commercial and Contract Manufacturers
  • Research and Academic Institutions
  • Clinical Laboratories
  • Forensic Laboratories
• Geography
  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
  • Asia Pacific (Japan, China, India, Rest of APAC)
  • Latin America (Brazil, Mexico, Rest of LA)
  • Rest of the World
• Company Profiles
  • Abbott Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Becton, Dickinson and Company
  • bioMerieux, Inc.
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation (Beckman Coulter, Inc.)
  • GE Healthcare
  • Lonza Group AG
  • Merck & Co., Inc. (MilliporeSigma/Sigma-Aldrich)
  • Meridian Life Science, Inc.
  • PerkinElmer, Inc.
  • Promega Corporation
  • Roche Holding AG (F. Hoffman-La Roche AG)
  • Siemens Healthineers AG
  • Sysmex Corporation
  • Thermo Fisher Scientific, Inc. (Life Technologies)
  • Waters Corporation

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