Description
The Global market for Biotechnology Reagents is expected to reach $ 75.6 billion by the end of 2020 growing at a CAGR of around 7.4 % from 2014 to 2021 . Biotechnology reagent is a chemical substance that is added to the system in order to bring about a chemical reaction . The biotechnology reagents are mainly used in the field of research , diagnosis , genetics , education and commercial applications . The market is growing at a great pace due to large number of companies investing in the manufacturing segment of reagents . The market is further growing because of advancement in the techniques of production leading to a rise in the manufacturing capacity .
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North America is considered to have the largest market share due to faster approvals for the newly invented reagents . The Global Biotechnology Reagents Market is segmented on the basis of Type ( DNA Sequencing reagents , Flow Cytometry reagents , Immunoassay reagents , Hematology reagents , PCR reagents , Chromatography reagents , Cell & Tissue Culture reagents , Protein Synthesis reagents , Electrophoresis reagents and Mass Spectrometry reagents .
Drivers Huge investments by private players in research & development , stem cell research on a rise , rise in the number of market players and increase in the use reagents in commercial and research fields are some of the factors augmenting the market growth .
Challenges Advancement in technology of automated instrumentation will lead to a fall in demand of reagents and lack of skilled personnel to handle the reagents are hampering the growth of the market .
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What the report offers : Market Definition for the specified topic along with identification of key drivers and restraints for the market . Market analysis for the Global Biotechnology Reagents Market , with region specific assessments and competition analysis on a global and regional scale . Identification of factors instrumental in changing the market scenarios , rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale . Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares . Identification and analysis of the Macro and Micro factors that affect the Global Biotechnology Reagents Market on both global and regional scale . A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information .
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