-rganic substances or biological material used in clinical diagnostics, medical research reagents, and life science research are referred to as biochemical reagents. Biological component detection and biological product manufacture use the basic constituents of organisms that have been extracted from the organism or chemically generated. Organic and inorganic compounds with life science applications are also included in biochemical reagents. Salts, detergents, and other tiny molecules with biological effects or that are necessary for biological assays are examples of biochemical reagents. When biochemical reagents are exposed to heat, moisture, light, or are stored in a hostile environment, they quickly lose vitality and have a reduced shelf life.
MARKET SCOPE
The "Global Biochemical Reagents Market Analysis to 2028" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biochemical reagents market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading biochemical reagents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the market is bifurcated into PCR reagent kits, cell and tissue culture reagents, electrophoresis reagents, and chromatography reagents
- Based on end user, the market is bifurcated into hospitals, diagnostic centers, academics and research, pharma and biotech companies, and CROs
MARKET DYNAMICS
Drivers:
- Increase in number of biotechnology firms
- Advancement in technology
Restraints:
- High price of reagents
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The biochemical reagents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biochemical reagents market in these regions.
IMPACT OF COVID-19 ON BIOCHEMICAL REAGENTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the biochemical reagents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biochemical reagents market are anticipated to lucrative growth opportunities in the future with the rising demand for health coach in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biochemical reagents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BD
- Agilent Technologies, Inc
- Merck and Co., Inc
- WATERS
- Abbott Laboratories
- Johnson and Johnson
- Siemens Healthineers
- Roche Holding AG
- Bio-Rad Laboratories
- Thermo Fisher Scientific, Inc.