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Life Science Products Market Analysis

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Life Science Products Market Analysis

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. LIFE SCIENCE PRODUCTS MARKET ANALYSIS Life Science Products Market, By Product (Recombinant Proteins (Immune Checkpoint Regulators, Chemokines, Growth Factors, Cytokines, Colony Stimulating Factors, Hormones, Enzymes & Inhibitors, Others), Cell Lines (Immunotherapy Cell Lines, Ion Channel Cell Lines, GPCR Cell Lines, Cell Signaling Pathway Cell Lines, Gene Knockout Cell Lines, Cancer Cell Lines, Others), Antibodies (Immune Checkpoint Antibodies, Epitope Tag Antibodies, Isotype Control Antibodies (Research Use, In-vivo Grade), Primary Antibodies (Research Use, In-vivo Grade), Assay Antibodies (includes secondary antibodies), Others(Viable Tumor Samples, Tumor Tissue Microarrays)), By Application (Drug Discovery & Development, Basic Research, Toxicity Screening, Biopharmaceutical Production, Drug Screening, Tissue Engineering, Forensic Testing), By End User (Biopharmaceutical Companies, Contract Research Organizations (CROs), Academic & Research Institutes, Forensic Science Laboratories, Food & Beverage Companies, Diagnostic Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Statistics: • The global life science products market is estimated to account for US$ 4,735.8 Mn in terms of value by the end of 2027. • Market: Drivers • Increasing funding in the life science sector is expected to boost growth of the global life science products market over the forecast period. For instance, in February 2020, Purdue-affiliated Amplified Sciences LLC and Brightlamp Inc. received a grant of US$ 250,000 each from the Purdue Foundry Investment Fund for R&D ..life science technologies. • Asia Pacific region held dominant position in the global life science products market in 2019, accounting for 42.6% share in terms of value, followed by North America.

  4. Figure 1. Global Life Science Products Market Share (%), by Region, 2019

  5. Market Restraints • High cost of life science products is expected to hinder growth of the market. Development of novel products in the life science domain requires complex processes, which lead to expensive products. • Moreover, several users do not prefer to invest in such expensive products, especially for research groups with limited budgets and funding, due to the uncertainties in the results expected from complex experiments. Most of the research products procured from different vendors tend to show ambiguous results and products have also been known to have lot-to-lot variability. Therefore, researchers find it difficult to reproduce published research, thereby severely limiting progress of research. Such scenarios are expected to limit growth of the market.

  6. Market Opportunities Increasing government initiatives to boost the life science sector is expected to offer lucrative growth opportunities for players in the market. For instance, in March 2020, the U.K. government pledged an investment of US$ 24.57 billion per year by 2024-25 in its budget for R&D investment, including in the life sciences. Academic & Research Institutes segment in the global life science products market was valued at US$ 1,444.8 Mn in 2019 and is expected to reach US$ 1,967.6 Mn by 2027 at a CAGR of 3.9% during the forecast period.

  7. Regulations

  8. Market Trends • The adoption of big data in the life science sector allowed market players to classify potential clients, thereby allowing them to offer appropriate content and to track the effectiveness of campaigns. However, in May 2018, the EU implemented the General Data Protection Regulation (GDPR), which strengthened the data protection laws. Therefore, market players need to reassess their policies to suit the European market. • The life science sector in Europe has witnessed an increase in the number of patents. For instance, according to the European Patent Office, in 2019, the pharmaceutical sector witnessed a 4.4% rise in number of patents over 2018, whereas and biotechnology sector recorded a rise of 1.7% over 2018.

  9. Competitive Landscape • Major players operating in the global life science products market include, Abcam Plc., A.M.S. Biotechnology (Europe) Limited, Bio-Rad Laboratories Inc., BPS Bioscience Inc., Crown Bioscience Inc., Genscript Biotech Corporation, Merck Millipore Limited, PerkinElmer Inc., Sigma Aldrich Corp., and Thermo Fisher Scientific Inc. • Key Developments • Major players in the market are focused on launching new products to expand their product portfolio. For instance, in October 2019, Thermo Fisher Scientific Inc. launched Cytomat 2 C-LiN Series Automated Incubator, which is designed to offer cell growth and environmental control across a range of micro plate applications that include cell-based screening, immuno-capture assays, microbiology, and enzyme testing. • Major players in the market are also focused on conducting clinical trials to expand their product portfolio. For instance, in March 2020, Achieve Life Sciences, Inc., a clinical-stage pharmaceutical company, presented additional analyses from the ORCA-1 Phase 2b trial that assessed the efficacy of ‘Cytisinicline’, a plant-based alkaloid with a high binding affinity to the α4β2 nicotine receptor, at the SRNT Annual Meeting in New Orleans (U.S).

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Referencehttps://www.coherentmarketinsights.com/market-insight/life-science-products-market-3652

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  13. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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