What Is The Current and Historic Market Size Analysis Of The Life Science Reagents Market?
The life science reagents market has seen considerable growth due to a variety of factors.
• In the past few years, the size of the life science reagents market has significantly expanded. The market, which was valued at $52.31 billion in 2024, is projected to grow to $56.16 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
This historic growth period is said to be influenced by developments in molecular biology, the increasing budget allocation for research, the growing incidence of chronic illnesses, the emergence of personalized medicine, and global health emergencies.
What are the Market Size and Expected Growth Rates for the Life Science Reagents Market?
The life science reagents market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for life science reagents is predicted to experience significant expansion in the upcoming years. The market is projected to reach $73.84 billion in 2029 , increasing at a compound annual growth rate (CAGR) of 7.1%.
The forecasted growth is credited to factors such as the rising aged population and chronic illnesses, advances in diagnostic technology, escalating research and development expenditures, the adoption of high-throughput screening, as well as regulatory and quality standards. The forecast period is also poised to see trends such as heightened demand for high-purity reagents, the emergence of automation and high-throughput technologies, sustainable and green chemistry practices, the combination of artificial intelligence and machine learning, along with an increase in life science research.
Which Key Drivers Are Propelling The Life Science Reagents Market's Growth?
The surge in infectious diseases is anticipated to stimulate the expansion of the life science reagents market. Infectious diseases are conditions instigated by pathogens, including bacteria, viruses, fungi, or parasites, and they can be transferred from one individual to another or via environmental sources. Factors such as enhanced international travel, urbanization, climate alteration, and resistance to antibiotics often contribute to the surge in infectious diseases. Life science reagents contribute to diagnosing, researching, and developing treatments for these infectious diseases by facilitating the identification and examination of these pathogens. For example, the Centre for Disease Control and Prevention, a government organization in the US, reported that the number of tuberculosis (TB) cases had increased to 8,331 in 2022, up from 7,870 cases in 2021, as of March 2024. This signifies an increase of 461 cases, or about 5.9%, displaying a marginal upward shift in TB cases over that year. Hence, the rise in infectious diseases is contributory to the growth of the life science reagents market.
What Are The Key Segments Within The Global Life Science Reagents Market?
The life science reagentsmarket covered in this report is segmented –
1) By Product: Chromatography Reagents, Molecular Diagnostic Reagents, Clinical Chemistry Reagents, Flow Cytometry Reagents, Cell And Tissue Culture Reagents, Hematology And Hemostasis Reagents, Microbiology Reagents, Other Products
2) By Application: Protein Synthesis And Purification, Gene Expression, Deoxyribonucleic Acid (DNA) And Ribonucleic Acid (RNA) Analysis, Drug Testing, Other Applications
3) By End Use: Hospitals And Diagnostics Laboratories, Commercial And Contract Research Manufacturers, Academic And Research Institutes, Manufacturers, Other End Uses
Subsegments:
1) By Chromatography Reagents: Mobile Phases, Stationary Phases, Buffer Solutions, Detection Reagents, Column Reagents
2) By Molecular Diagnostic Reagents: PCR Reagents, Enzymes And Primers, Hybridization Probes, Reagents For Next-Generation Sequencing (NGS), CRISPR/Cas9 Reagents
3) By Clinical Chemistry Reagents: Blood Glucose Reagents, Electrolyte Testing Reagents, Liver Function Reagents, Kidney Function Reagents, Enzyme And Hormone Reagents
4) By Flow Cytometry Reagents: Fluorescent Antibodies, Flow Cytometry Buffers, Cytokine Detection Reagents, DNA Stains, Viability Stains
5) By Cell And Tissue Culture Reagents: Growth Media, Serum Supplements, Cell Culture Reagents, Growth Factors, Trypsin and Enzymes
6) By Hematology and Hemostasis Reagents: Blood Coagulation Reagents, Hemoglobin Test Reagents, Complete Blood Count (CBC) Reagents, Platelet Count Reagents, Clotting Factor Reagents
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What Trends Are Shaping The Life Science Reagents Market?
Key players in the life science reagents industry are prioritizing the creation of cutting-edge solutions like adjustable light settings, with an aim to refine experimental circumstances, boost research precision, and advance the examination of light-reliant organisms. The term adjustable light settings refers to the capacity to adapt light color, intensity, and span to suit certain environmental or experimental requirements. As an example, in June 2023, life sciences and lab equipment manufacturer Beckman Coulter Life Sciences, Inc., headquartered in the US, introduced a light array module for microbioreactors, designed to aid the growth of photosynthetically active microbes and microalgae. Specifically curated for light-dependent organisms, the BioLector XT Microbioreactor’s Light Array Module (LAM) provides adjustable light settings in the 400-700 nm range. 16 distinct LED types control it, and it can deliver high irradiance up to 3500 µmol/m2/s. The BioLector XT also fosters the development of microbial, algal and fungal species, offering real-time monitoring features for parameters such as biomass, pH, dissolved oxygen, and fluorescence.
Who Are the Key Players In The Life Science Reagents Market?
Major companies operating in the life science reagents market are:
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Merck Group
• Becton Dickinson and Company
• Agilent Technologies Inc.
• PerkinElmer Health Sciences Inc
• Bio-Rad Laboratories Inc.
• Bio-Techne Corp
• Promega Corporation
• Genscript Biotech Corporation
• Sino Biological Inc.
• New England Biolabs Inc.
• Kaneka Corporation
• OriGene Technologies Inc.
• SeraCare Life Sciences Inc.
• Cayman Chemical Company
• Takara Bio USA Inc.
• Cell Signaling Technology
• Rockland Immunochemicals Inc.
• Santa Cruz Biotechnology Inc.
• Creative Diagnostics
• HyTest Ltd
• Geno Technology Inc.
• MyBiosource Inc.
• Fritz Hoffmann-La Roche
• Enzo Life Sciences Inc.
What Are The Regional Insights Into The Life Science Reagents Market?
North America was the largest region in the life science reagents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the life science reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
