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Life Science Reagents Market to be Worth Over US$ 78 Billion by 2030

The global life science reagents market size is expected to reach around US$ 78 billion by 2030 from US$ 43 billion in 2021 and is expected to grow at an impressive double-digit rate of 8.3% from 2021 to 2030.

Life Science Reagents Market Size 2021 to 2030

The study includes drivers and restraints of this market. The study provides an analysis of the global life science reagents market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.

The rising prevalence of infectious diseases, increased demand for various diagnostic tests, rising investments in the research activities by the biotechnology companies, rapidly growing biopharmaceutical industry, and technical advancements in the life science research are the significant factors that propels the growth of the global life science reagents market across the globe. The rising prevalence of various infectious diseases such as Hepatitis A virus, HIV, Zika, and Dengue has resulted in the increased demand for the life science reagents. According to the Journal of Infectious Diseases and Therapy 2019, around 1.5 million clinical cases of Hepatitis A Virus is reported across the globe each year. Zika Virus was declared an endemic in Africa.

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According to the World Health Organization, more than 31,000 confirmed cases of Zika Virus had been reported in Americas in 2018. Furthermore, the rapidly growing prevalence of the dengue across the globe is fostering the demand for the life science reagents market.According to the WHO, the cases of dengue fever increased rapidly from 505,430 cases in 2000 to 4.2 million in 2019, all over the globe. The global life science reagents market is fragmented due to the presence of numerous market players. The various developmental strategies adopted by them such as new product launches, partnerships, and acquisitions highly influences the market growth. Therefore, the rapid penetration of the life science reagents market players across the globe is significantly contributing towards the growth of the global life science reagents market.

Scope of the Life Science Reagents Market Report

Report CoverageDetails
Market Size in 2021USD 43 Billion
Growth Rate From 2021 to 2030CAGR of 8.3%
Fastest Growing MarketAsia Pacific
Largest MarketNorth America
Base Year2021

North America dominated the global life science reagents market. The rapid growth in the biopharmaceutical industry in the US has boosted the consumption of the life science reagents. Further, the rapidly growing CROs in the region is fostering the demand due to the increased research activities related to new drugs and diagnostics methods. The rising prevalence of various chronic diseases and growing geriatric population in US is further expected to fuel the growth of the life science reagents market across North America in the upcoming years.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rising government initiatives to develop pharmaceutical industry and healthcare infrastructure in the region is expected to drive the market growth. Countries like China, South Korea, Singapore, and India is presenting lucrative growth opportunities owing to the presence of several top contract research organizations. Further, the rising prevalence of infectious diseases like dengue is presenting a growth aspect to the life science reagents market players.

The recent outbreak of the COVID-19 pandemic resulted in an increased demand for the life science reagents across the globe. The life science reagents were extensively used for the diagnosis of the COVID-19 among the target patients. The rapid spread of the virus in almost all the countries of the world, spiked the demand for the life science reagents.

The high capital investments associated with the research of the life sciences for the development of various diagnostic tests and drugs may hamper the growth of the market during the forecast period.

Based on the product, the immunoassay segment was the dominating segment in 2020. The extensive demand for the immunoassay reagents among the hospitals and diagnostic labs has boosted the growth of this segment. Moreover, the rapid growth in the number of the diagnostic centers and biopharmaceutical companies has fueled the demand for the immunoassay reagents that spurs the growth of this segment.

Based on the application, the hospitals& diagnostic labs segment dominated the global life science market in 2020. The rising prevalence of various diseases and the increasing need for the diagnostics is boosting the demand for the life science reagents across the hospitals and diagnostic labs all over the globe. Moreover, the rapid growth and penetration of the hospitals, clinics, and diagnostic labs in the developed and developing nations has increased the consumption, thereby fostering the market growth in the past few years.In 2020, the demand for the life science reagents suddenly spiked due to the rapid spread of the COVID-19 virus. Diagnostic labs and hospitals were increasingly using the life science reagents to test their patients.

Why should you invest in this report?

If you are aiming to enter the global life science reagents market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for life science reagents are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Some of the prominent players in the global life science reagents market include:

  • Hoffmann-La Roche
  • Thermo Fisher Scientific Inc.
  • Becton
  • Dickinson and Company
  • Abbott
  • BioMerieux SA
  • Merck KGaA
  • Danaher Corporation
  • Siemens Healthineers
  • DiaSorinSpA
  • Sysmex Corporation

Market Segmentation:

By Product

  • Molecular
  • Cell Culture
  • Chromatography
  • Immunoassay
  • Clinical Chemistry
  • Microbiology
  • Flow Cytometry
  • Others

By Application

  • Hospitals & Diagnostic Labs
  • Academic Research & Institutes
  • Contract Research Organizations
  • Others

Regional Analysis:

The geographical analysis of the global life science reagents market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.

The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global life science reagents Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).

Key Questions Answered by the Report:

  • What will be the size of the global life science reagents market in 2030?
  • What is the expected CAGR for the life science reagents market between 2021 and 2030?
  • Which are the top players active in this global market?
  • What are the key drivers of this global market?
  • How will the market situation change in the coming years?
  • Which region held the highest market share in this global market?
  • What are the common business tactics adopted by players?
  • What is the growth outlook of the global life science reagents market?

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Life Science Reagents Market 

5.1. COVID-19 Landscape: Life Science Reagents Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Life Science Reagents Market, By Product

8.1. Life Science Reagents Market, by Product Type, 2021-2030

8.1.1. Molecular

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Cell Culture

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Chromatography

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Immunoassay

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Clinical Chemistry

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Microbiology

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Flow Cytometry

8.1.7.1. Market Revenue and Forecast (2019-2030)

8.1.8. Others

8.1.8.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Life Science Reagents Market, By Application

9.1. Life Science Reagents Market, by Application, 2021-2030

9.1.1. Hospitals & Diagnostic Labs

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Academic Research & Institutes

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Contract Research Organizations

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Life Science Reagents Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. Hoffmann-La Roche

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Thermo Fisher Scientific Inc.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Becton

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Dickinson and Company

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Abbott

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. BioMerieux SA

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Merck KGaA

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Danaher Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Siemens Healthineers

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. DiaSorinSpA

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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