Published Date : Apr 24, 2017
ALBANY, New York, April 24, 2017: MarketReseachReports.biz has added a new market study, titled “Global Biotechnology Reagents Market 2017-2021,” to its expanding repository of market intelligence. The report delves into market indicators, growth trends, and technological developments to present valuable insights about the growth of the global biotechnology reagents market through 2021. The report studies the biotechnology reagents market across North America, Asia Pacific, Europe, and Rest of the World to determine the growth curve of the global market through the forecast period.
According to the report, the global biotechnology reagents market will display a CAGR of 10.13% between 2017 and 2021.
Biotechnology reagents are compounds that are used to determine or synthesize another substance so as to provide a test reading. Biotechnology reagents are used across a host of technologies such as PCR, cell culture, electrophoresis, spectrometry, IVD, chromatography, and flow cytometry. They are used across several fields such as bioscience, education, diagnosis, and research.
The report elucidates factors for the growth of biotechnology reagents market. First and foremost, increasing expenditure on R&D is the major factor driving the biotechnology reagents market. The high-volume research and development initiatives that are underway across a large number of industry verticals is paving growth of the biotechnology reagents market.
However, factors such as high initial investment and maintenance cost of biotechnology reagents are detrimental to the market’s growth. Nevertheless, the growth of this market is expected to be benefitted due to some marked trends that will come to the fore over the forecast period. This includes increasing research and development initiatives that are underway in emerging countries, availability of ready-to-use reagents, and increasing strategic alliances between key players in this market.
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The report presents answers to several questions that are important with respect to the biotechnology reagents market. It includes a detailed overview of industry statutes and industry mandates that stakeholders in this industry need to adhere to. Using validated research tools and methodologies, the report presents a feasibility and profitability reports of new investments and strategic alliances that will help market players strengthen their positions.
The report studies the biotechnology reagents market in terms of technology, analytics, life sciences, application, and geography. This report presents market size estimates and revenue contributions of key segments over the forecast period between 2017 and 2021. These indicators are projected based on their growth pattern in the past subject to fluctuating market conditions and economic development in the forthcoming years. Each of the key segments is also analyzed for their growth behavior across key geographical segments between 2016 and 2021.
Some top vendors in the biotechnology reagents market include Agilent Technologies, Merck, Thermo Fisher Scientific, BD, and Bio-Rad Laboratories. Some other prominent vendors in the market are Advanced Analytical Technologies, GE Healthcare, Beckman Coulter, and Siemens Healthcare Diagnostics.
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