Biochemical Reagents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Biochemical Reagents Market has been Segmented by Product (Cell and Tissue Culture Reagents, Chromatography Reagents, Electrophoresis, Polymerase Chain Reaction (PCR) Reagents Kits), and Geography.

Market Snapshot

biochemical reagents market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.1 %

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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 an 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. Biochemical Reagents Market is segmented By Product and Geography.

By Product
Cell and Tissue Culture Reagents
Chromatography Reagents
Electrophoresis Reagents
Polymerase Chain Reaction (PCR) Reagent Kits
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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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 affect 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 prevalence of chronic diseases and outbreaks of infectious diseases is leading to increased spending on disease-related research and increased spending on R&D of pharmaceuticals. Moreover, the increasing adoption rates of advanced therapeutics and diagnostics methodologies is leading to higher adoption of chromatography agents during manufacturing quality control, research and development phases. Thus, considering all these factors, chromatography agents are expected to retain their dominance over the forecast period.

Biochemical Reagents Market Trends.png

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.

Biochemical Reagents Market - Growth Rate by Region

Competitive Landscape

The presence of major market players, such as Thermo Fisher Scientific, Abbott Laboratories, Agilent Technologies Inc., Beckton Dickinson and Company, Bio-Rad Laboratories, and Merck KGaA, 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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Widening Applications of Biochemical Reagents

      2. 4.2.2 Increasing Demand for Diagnostics and Imaging

      3. 4.2.3 Technological Advancement

    3. 4.3 Market Restraints

      1. 4.3.1 Shelf -life

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Cell and Tissue Culture Reagents

      2. 5.1.2 Chromatography Reagents

      3. 5.1.3 Electrophoresis Reagents

      4. 5.1.4 Polymerase Chain Reaction (PCR) Reagent Kits

      5. 5.1.5 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle East & Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle East & Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Agilent Technologies Inc.

      3. 6.1.3 Becton Dickinson & Company

      4. 6.1.4 Bio-Rad Laboratories

      5. 6.1.5 Merck KGaA

      6. 6.1.6 F. Hoffmann-La Roche Ltd

      7. 6.1.7 Siemens Healthineers

      8. 6.1.8 Thermo Fisher Scientific Inc.

      9. 6.1.9 Waters Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Development

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Frequently Asked Questions

The Biochemical Reagents Market market is studied from 2018 - 2026.

The Biochemical Reagents Market is growing at a CAGR of 9.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Agilent Technologies Inc., Abbott Laboratories, Beckton Dickinson and Company, Bio-Rad Laboratories, Merck KGaA are the major companies operating in Biochemical Reagents Market.

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