Albany - NY, Sept. 2, 2015 (GLOBE NEWSWIRE) -- A new Transparency Market Research report states that the global life science reagents market stood at US$12.44 billion in 2012 and is predicted to expand at a CAGR of 10.8% between 2013 and 2019, to reach an estimated value of US$25.73billion by 2019. The title of the report is "Life Science Reagents Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019".
The utilization of life science reagents is on the rise owing to the swift technological developments in and rising utilization of life science technologies. Life science reagents comprise reagents utilized in bioscience, pharmaceuticals, and biotechnology. In the past 10 years, the market for life science reagents has witnessed exponential development owing to increasing applications of biosciences and biotechnology in the healthcare sector. The rising occurrence of diseases, rising global geriatric population, increasing mortality rate, and the rise in activities pertaining to research and development in biotechnology, pharmaceuticals, and biosciences are amongst the other factors stimulating the growth of the market for life science reagents.
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On the basis of product type, the market for life science regents is segmented into cell and tissue cultures, polymerase chain reaction (PCR), in-vitro diagnostics (IVD), electrophoresis, flow cytometry, and chromatography reagents, and others including transfection, mass spectroscopy, and gene expression reagents.Amongst these, chromatography reagents have been the most extensively utilized life science reagents and hold the biggest share in the market for life science reagents. The superiority of this segment is due to the broad utilization of chromatography in product advancement and biotechnology research.On the basis of end user, the market for life science reagents is segmented into research and academic institutes, forensic laboratories, clinical laboratories, and commercial and contract manufacturers. Amongst these, research and academic institutes emerged as the biggest consumers of life science reagents. On the other hand, cosmetic product manufacturing and pharmaceutical contract manufacturing stood as the biggest commercial consumers of life science reagents.
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On the basis of geography, the market for life science reagents is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America led the market for life science reagents and is trailed by Europe. On the other hand, Asia Pacific is anticipated to witness the highest growth rate. Factors such as the increasing number of government aids, rising activities of research and development, increasing availability of adept manpower at low cost, and growing popularity of outsourcing research activities in this region will stimulate the market for life science reagents in this region.The key players dominant in the market include Life Technologies, Abbott Laboratories, Sigma Aldrich, and Bio-Rad, among others.
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The Global Life Science Reagents Market is Segmented as follows:
Life Science Reagents Market, by Product Type
- Polymerase chain reaction (PCR) reagent kits
- Cell and tissue culture reagents
- Flow cytometry reagents
- Electrophoresis reagents
- Chromatography reagents
- In-vitro diagnostic (IVD) reagents
Life Science Reagents Market, by End User
- Commercial and contract manufacturers
- Research and academic institutions
- Clinical laboratories
- Forensic laboratories
Life Science Reagents Market, by Geography
- North America
- Rest of the World (RoW)
Other Reports by Transparency Market Research:
- Cell Culture Market: http://www.transparencymarketresearch.com/cell-culture-market.html
- Polymerase Chain Reaction (PCR) Market: http://www.transparencymarketresearch.com/pcr-technologies.html
- Specialty Polymers Market: http://www.transparencymarketresearch.com/specialty-polymers-market.html
- Biodefense Market: http://www.transparencymarketresearch.com/biodefense-market.html
Browse All Other Biotechnology Market Research Reports: http://www.transparencymarketresearch.com/biotechnology-market-reports-18.html
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Source:Transparency Market Research