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According to Triton, The biotechnology reagents market is projected to progress at 9.54% of CAGR over the forecast period of 2019-2027. Request Free Sample Now!
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BIOTECHNOLOGY REAGENTS MARKET 2019-2027
MARKET OUTLOOK • The biotechnology reagents market is projected to progress at 9.54% of CAGR over the forecast period of 2019-2027. • The major driving factors responsible for the growth of the biotechnology reagents market globally are the growing R&D expenditure, development in bioprocessing technologies and the rapid utilization of protein profiling applications. • The major factors restraining the market growth are the expanding expense of biopharmaceutical research and contamination hitches. • The key opportunities such as research in environmental biotechnology and increasing expenditure on stem cell research are anticipated to boost the industry over the estimated growth. Nevertheless, regulatory issues are majorly challenging the key players’ growth in the market.
REGIONAL OUTLOOK • North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are the regional segments covered in the report. • Presently, North America leads the global market with the largest share globally. • This growth is attributed to the high speculations, new advancements, nearness of ideal government arrangements and refined human services framework.
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COMPETITIVEOUTLOOK The dominant companies in the market include PerkinElmer, Lonza Group, Ltd., C.B.S. Scientific Company, Inc., Abbott Laboratories, BioTime, Inc., Meridian Biosciences, Inc., Invivoscribe Technologies, Inc., Thermo Fisher, Becton, Dickinson & Company (BD), Bio-Rad Laboratories, Inc., Bio-Techne Corporation, Cyano Biotech GmbH, Beckman Coulter, Inc., bioMerieux (holding company is bioMérieux S.A.), Agilent Technologies, Inc., GE Healthcare and SignalChem Lifesciences Corp.
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