Technological Advancements to Drive Significant Growth in the Life Science Reagents Market from 2019 to 2027, States TMR

Technological Advancements to Drive Significant Growth in the Life Science Reagents Market from 2019 to 2027, States TMR

PR Newswire

ALBANY, New York, March 18, 2020

ALBANY, New York, March 18, 2020 /PRNewswire/ -- The global life science reagents market is expected to grow at a rate of approximately 8%, compounded annually, from 2019 to 2027. The market worth in the year 2018 stood at about USD 37 bn. and is set to reach the mark of USD 73 bn. by the end of the forecast period. The growth that is projected for the market over the stated period is a result of the reagents' critical role in pharmaceuticals and health-related solutions.

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As per Transparency Market Research, "Global Life Science Reagents Market Growth is attributable to a rapidly ageing population and an increase in incidence of chronic diseases, noted worldwide. Additionally, the technological advancements that are marking the market landscape are also propelling it on a high growth trajectory."

Key Findings of Global Life Science Reagents Market Study:

For a detailed analysis of life science reagents market by products, end-user, and region, Read TOC of the Report -

Key Drivers of Global Life Science Reagents Market:

As per Transparency Market Research, numerous factors underline growth in the global life science reagents market over the forecast period. The prominent ones are detailed out below:

Download a PDF Brochure of Report - 

Regional Analysis of Global Life Science Reagents Market:

Analyze life science reagents market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global Life Science Reagents Market

Prominent players operating in the global life science reagents market are Hoffmann-La Roche AG, Danaher Corporation, Abbott, Siemens Healthineers, DiaSorin S.p.A, Sysmex Corporation, bioMerieux SA, Thermo Fisher Scientific, Inc., BD, Merck KGaA, Agilent Technologies, Inc., and Waters Corporation

In order to claim a large section of overall market growth, players are deploying a number of growth strategies. Product development is a major strategy. Others include mergers and acquisitions and strengthening of distributional channels.

The global life science reagents market has been segmented as follows: 

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Biopharmaceuticals Market - The demand for biopharmaceuticals products have grown considerably in the past few years, as biopharmaceuticals are structurally similar to human body components. This factor helps in treating cancer, diabetes, psoriaisis, rheumatoid arthritis, and other in a very effective manner.

Immunoassay Market - The global market for immunoassay stood at US$ 16.54 Bn in 2017, is anticipated to reach a value of US$ 28.61 Bn by the end of 2026. The market is expected to register a strong 6.20% CAGR between 2018 and 2026.

In Vitro Diagnostics Market - In 2016, the global market for in vitro diagnostics was worth US$55000 mn and is projected to reach a value of US$89862.2 mn by the end of 2025. The market is projected to register a healthy 5.60% CAGR between 2017 and 2025, states a new research study by Transparency Market Research.

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