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Report Highlights
The global market for life science tools and reagents, including COVID-19 diagnostics was valued at $59.4 billion in 2023. This market is expected to grow from $53.2 billion in 2024 to reach $66.5 billion by the end of 2029, at a CAGR of 4.6% during the forecast period of 2024-2029.
Report Includes
- 85 data tables and 44 additional tables
- An analysis of the global markets for life science tools and reagents, including COVID-19 diagnostics products
- Analyses of the global market trends, with market revenue data (sales figures) from 2021 to 2023, estimates for 2024, and projected CAGRs through 2029
- An estimate of the market size and revenue forecast for the market for life science tools and diagnostics, and a corresponding market share analysis based on product type, application and region
- Highlights of the current and future market potential of life science tools and diagnostics, along with an analysis of the competitive landscape, regulatory scenario and technological advances
- Facts and figures pertaining to the market dynamics, opportunities and deterrents, emerging technologies, future prospects and the impacts of macroeconomic variables
- An assessment of current products and identification of new potential markets for novel products and assay development
- A discussion on how scientific trends, government policies and the economy in general affect this market, as well as how the life science tools and diagnostics industry differs from the pharmaceutical and drug discovery industry
- A discussion of sustainability trends in the market, with emphasis on consumer attitudes, an analysis of companies’ ESG scores, the future of ESG, case studies, and the ESG practices of leading companies
- An analysis of the key patent grants and recently published patents
- Identification of the major vendors along with an analysis of the competitive landscape, including company market shares, recent M&A activity and the outlook for venture funding
- Profiles of the leading market players, including Thermo Fisher Scientific, Danaher Corp., Merck KGaA, Roche and Qiagen
Report Scope
This report provides an analysis of the market for life sciences tools and reagents, including the leading companies, their revenues, product portfolios and recent activities. It looks at the competitive landscape and market dynamics such as drivers, restraints and opportunities. It sizes of the current and future markets. The reagents studied are antibodies, enzyme-linked immunosorbent assay (ELISA) kits, protein reagents and probes. The life science instruments include hybridization systems, PCR, Western blotting instruments, and ELISA instruments. The regions whose markets are analyzed are North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Markets are also analyzed by application.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||
| Forecast period considered | 2024-2029 | ||||||||||
| Base year market size | $59.4 Billion | ||||||||||
| Market size forecast | $66.5 Billion | ||||||||||
| Growth rate | CAGR of 4.6% from 2024 to 2029 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | By Type, Application, and Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing field of diagnostic.
- Rising prevalence of infectious diseases.
- Increasing investment in research and development.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Christian Goodwin, MD, MPH, is a resident physician at Duke University. He completed his undergraduate degree at the University of Virginia. He obtained his MPH at the University of Liverpool as a US-UK Fulbright Scholar while serving as a visiting researcher at the Palliative Care Institute Liverpool. He obtained his MD from the University of North Carolina as a Blanchard Scholar. Christian has expertise in health systems innovation, public health research, geriatrics, and psychiatry.
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Report Highlights
The global life science tools and diagnostics market should reach $87.3 billion by 2025 from $82.2 billion in 2020 at a compound annual growth rate (CAGR) of 7.7% for the forecast period of 2019 to 2025.
Report Includes
- 95 data tables and 21 additional tables
- An overview of the global market for life science tools and diagnostics
- Estimation of the market size and analyses of market trends, with data from 2018, 2019, 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Discussion on how scientific trends, government policies, and the economy in general affect life science tools and diagnostics market and how this industry is different from the pharmaceutical and drug discovery industry
- Assessment of existing products and identification of new potential markets for novel products and assay development
- Detailed description about COVID-19, including disease progression, symptoms and treatment options and impact analysis of COVID-19 on entire life science industry as well as on life science tools and diagnostics industry
- Identification of market drivers, restraints and other forces impacting the global market and evaluation of current market trends, market size, market forecast, and technological advancements within the industry
- Comprehensive company profiles of the leading players, including Abbott Laboratories, Bio-Rad Laboratories, General Electric Co., Merck & Co. Inc., Qiagen NV, and Siemens Healthcare AG
Report Highlights
The global market for life sciences tools and reagents reached $45.9 billion in 2014 and $48.2 billion in 2015. The market should reach $58.0 billion by 2020, growing at a compound annual growth rate (CAGR) of 3.8% from 2015 to 2020.
Report Includes
- An overview of the global market for life science tools and reagents.
- Analyses of global market trends, with data from 2013 and 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Identification of existing products as well as new potential markets for novel products and assay development.
- Discussion of how scientific trends, government policies, and the economy in general affect this industrial market as compared to pharmaceutical and drug discovery ventures; for example, the launches of new reagents or products is not affected by strict FDA guidelines.
- Examination of drivers and challenges in each segment of the industry.
- Relevant patent analysis.
- Comprehensive company profiles of major players in the market.
Report Highlights
The global market for life science tools and reagents reached $47.8 billion in 2012. This figure is expected to increase to $51.3 billion in 2013 and $77.6 billion in 2018, with a projected five-year compound annual growth rate (CAGR) of 8.6%.
Report Includes
- An overview of the global market for life science tools and reagents.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Identification of existing products as well as new potential markets for novel products and assay development.
- Discussion of how scientific trends, government policies, and the economy in general affect this industrial market as compared to pharmaceutical and drug discovery ventures; for example, the launches of new reagents or products is not affected by strict FDA guidelines.
- Examination of drivers and challenges in each segment of the industry.
- Patent analysis.
- Comprehensive company profiles of major players in the market.
Report Highlights
The life science tools market has shown steady growth over the last couple of years despite the economic downturn. This market is currently valued at more than $42 billion and is projected to increase at compound annual growth rate (CAGR) of 13.6% to reach approximately $81 billion in 2016.
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