A reagent is a compound or mixture which is added to a system to occur a chemical reaction or a test if a reaction occurs. Life science reagents play a key role in the cell-based products, manufacturing and testing of pharmaceutical drug products and several other healthcare-related solutions. In the year 2015, United States reported 62 Zika virus infections cases, then over 5,000 cases in 2016 among Florida state with the highest number of reported Zika virus cases with 1,115. Therefore the increase in the prevalence of chronic and infectious diseases, rise in the geriatric population, and technological advancements in the field of life sciences and biotechnology are the key driving factors in the life science reagents market.

Key Market Trends

Hospitals and Diagnostic Laboratories Segment is Expected to Hold a Major Market Share in the Life Science Reagents Market

Globally, chronic diseases are a leading cause of death, particularly in low income countries, especially in young children. According to World Health Organization (WHO), chronic diseases accounts for over 41 million deaths each year, equivalent to 71% of all deaths globally. Thus, Increasing prevalance of chronic and viral infectious diseases require efficient testing in medical specialities and diagnostic care centers.

In diagnostic laboratories and hospitals the adoption of life science reagents has increased which is likely in the foreseeable future to maintain the pace of the market for life science reagents.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America expected to hold a major market share in the global life science reagents market due to rise in geriatric population, increasing prevalence and incidence of infectious diseases in this region. In 2018, North America hold a major market share for life science reagents and this trend will remain in the forecast period as well. Moreover, increase in research and development activities and presence of favorable healthcare infrastructure is fueling the growth of the overall regional market to a large extent.

Competitive Landscape

The life science reagents market is fragmented competitive and consists of of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the major market players are Hoffmann-La Roche, Thermo Fisher Scientific, Inc, Becton, Dickinson and Company, Abbott, BioMerieux SA, Merck KGaA, Danaher Corporation, Siemens Healthineers, DiaSorin S.p.A, Sysmex Corporation.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support