Lifescience Reagent Market Challenges with Forecast to 2028 : Analysis, Drivers

Lifescience Reagent Market
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2018-2026
REPORT DESCRIPTION
Lifescience Reagent Market – Overview
Increasing prevalence of infectious disease, which requires early diagnosis is creating the opportunity for
the biotechnology industry players to produce effective reagents to carry out various diagnostic tests.
Moreover, launching of new diagnostic tests and assays is contributing to the lifescience reagents market
share. For instance, in April 2019, Roche launched Ventana HER2 Dual ISH DNA Probe Cocktail assay for
the detection of the HER2 biomarker in breast and gastric cancer patients to determine the eligibility for the
targeted drug trastuzumab (Herceptin). The new reagent is intended for in vitro diagnostic (IVD) use.
The global lifescience reagent market was valued at US$ 33,754.0 million in 2017, and is expected to
witness a CAGR of 7.3% during the forecast period (2018–2026).
Increasing product launches for reagents to assist different types of diagnostics tests and research purpose
is expected to drive the global lifescience reagent market growth. For instance, in March 2019, Dolomite
Bio, a provider of single cell technologies, launched a new scRNA-Seq reagent kit to expand the Nadia
Instrument portfolio. The new scRNA-Seq reagent kit is designed to enable the generation of PCR
amplified cDNA libraries on the Nadia Instrument, allowing high throughput gene expression profiling of
heterogeneous cell populations.
REPORT DESCRIPTION
Lifescience Reagent Market – Dynamics
Increasing product launch of lifescience reagents that are widely used in biological research purpose is
expected to drive global lifescience reagent market growth. For instance, in July 2018, Ultivue, Inc.
launched UltiMapper portfolio of reagents. The portfolio includes a fully optimized, ready-to-use portfolio
of kits enabling fast, holistic profiling and characterization of tumor immuno-oncology markers in
Formalin-Fixed, Paraffin-Embedded (FFPE) samples. The novel approach enabled tissue marker detection
and analysis at high level of multiplexing and throughput, using instrumentation and software solutions
currently used in most Immuno-Histochemistry laboratories.
Moreover, in March 2018, Torax Medical, Inc. launched B2B IVD bulk reagents for Latex Serology and
Blood Grouping assays. In February 2019, Illumina, Inc. introduced new reagent kit, NovaSeq 6000 S
Prime (SP) Reagent Kits, that enables configuration of smaller batch sizes and lower output sequencing
methods at a lower price per read compared to NextSeq or HiSeq Systems.
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REPORT DESCRIPTION
Lifescience Reagent Market – Key Players
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F. Hoffmann-La Roche Ltd.
Danaher Corporation
Abbott Laboratories
Merck KgaA
Bio-Rad Laboratories
GE Healthcare
Siemens Healthineers
Becton
Dickinson and Company
Agilent Technologies Inc.
Perkin Elmer
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Asia Pacific is also expected to drive the global lifescience reagent market growth, owing to presence of key players in this regions.