Report Code: A14009 | Pages: NA | Mar 2023 | 779 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Life Science Tools And Reagents Market
Request Now !Life science is the study of organisms and microbes. It includes wide range of fields such as biotechnology, cell biology, molecular biology, genetics, biomedicine, and biochemistry. Instruments, consumables, reagents, and other services are all part of the life sciences tools industry. In recent years, the global life sciences tools market has benefited from the growth of the pharmaceutical & healthcare industries, as well as the increase of the research and development sector. The tools & reagents used to conduct research in the domains of genomics (DNA and RNA research) are cell biology research, bioinformatics, epigenetics, proteomics, metabolomics, stem cell research, and imaging & microscopy.
COVID-19 Impact analysis
Top Impacting Factors
Rise in prevalence of chronic and infectious diseases such as Zika, Dengue, and HIV, among others, has a direct impact on the increased demand for life science tools and reagents in the search for treatment.
The market is predicted to benefit from increased demand for life sciences tools and reagents in the pharmaceutical industry, as well as a high prevalence of drug-resistant diseases and increase in spending on healthcare during the forecast years.
In addition, product launches and technological advancements such as PCR technology, molecular diagnostics, and stem cell research in the field of life sciences and biotechnology propel the growth of the market.
Furthermore, R&D expenditures, increased competition, and patent expirations contribute toward the expansion of the market.
However, high cost of reagents and the strict regulatory framework hinder the expansion of the industry.
Market Trends
New product launches to flourish the market
Key Benefits of the Report
Questions answered in the Life Science Tools and Reagents Report
Life Science Tools and Reagents Market Report Highlights
Aspects | Details |
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By Product Type |
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By Application |
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Key Market Players | F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc, Agilent Technologies Inc, EMD Millipore (Merck KGaA), Sigma-Aldrich Corporation, Life Technologies (Thermo Fisher Scientific Corporation). |
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