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(IT-NEWSWIRE.COM, October 24, 2017 ) Growing need for clinical diagnosis has led to an upsurge in demand for biochemical reagents globally. In addition, increasing number of biological research is expected to impact growth of the global biochemical reagents market. Market Research Hub research reports offers insights on the “Biochemical Reagents Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. The report offers in-depth analysis and opinions on the biochemical reagents industry.
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The study provides the readers insights on factors that are fueling growth of the global biochemical reagents market. Growth of the global biochemical reagents market is mainly bound to various macro-economic and micro-economic factors. According to the report, surge in the number of medical research will continue to fuel the sales of the biochemical reagents globally. Increasing number of clinical diagnostics is further expected to fuel demand for the biochemical reagents in the global market. Biochemical fertilizers continue to witness increasing preference over the traditional biochemical techniques for clinical diagnosis. Demand for the biochemical fertilizers is expected to remain mainly concentrated for clinical diagnostic and life science research. Attributed to these factors, growth of the global biochemical reagents market is expected to witness a significant growth during the forecast period.
In addition, the clinical biochemistry technology continues to witness significant growth bound to increasing demand for the robust development in terms of precision and speed. Surge in production of antibiotics continues to fuel demand for cell-viability reagents and kits, biological buffers, mycoplasma reagents and kits and biological detergents. These factors are expected to impact growth of the global biochemical reagents market throughout the forecast period.
The report also offers detailed insights on the major segments in the global biochemical reagents market. The global market of biochemical reagents is segmented into end user, product and region. On the basis of product, the global market is segmented as cell and tissue culture reagents, chromatography reagents, polymerase chain reaction (PCR) reagent kits and electrophoresis reagent among others. The chromatography reagents segment is expected to account for a major market share by 2022-end. The report highlights that the global market represented a value of nearly US$ 6.3 Bn by 2017. Based on the end user segment, the global market is segmented as diagnostic centers, pharma and biotech companies, hospitals, contract research organizations (CRO) and academics and research.
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The study further offers insights on the leading regions in the global biochemical reagents market. The global market is segmented into MEA, North America, Latin America, Europe and APEJ. Japan as compared to the other regions is expected to represent a major market globally. However, the North America market will continue to account for a major share in the global market. The report further reveals that the North America market accounted for nearly US$ 5.4 Mn by 2017-end.
As the study concludes, the report offers insights on the leading market players and various strategies followed by them in the global market. Leading market players operating in the global biochemical reagents market include Dickinson & Company, Beckton, Abbott Laboratories, Merck & Co., Inc., Waters Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Siemens Healthineers, Roche Holding AG, Johnson & Johnson and Bio-Rad Laboratories.
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