Being predominantly used in a wide range of analytical and manufacturing processes,reagents areone of the fastest moving and widely consumed products in the life science industry. Factors such as rise in the number of government initiatives for the growth of biotechnology industry and advancement in related technologies will have a tremendous impact on the growth of the life science reagents market.

Amongst the various typesof commercially available life science reagents, chromatography and in-vitro diagnostic reagents were the largest product segments in 2012, with a cumulative market share of more than 50% in the overall life science reagents market. In addition, the polymerase chain reaction (PCR) reagent kits market is expected to cannibalizethe market share of other product segments during the forecast perioddue to expansion of its application area from only commercial manufacturing to in-vitro diagnostics.It is expected that the global market for polymerase chain reaction (PCR) reagent kits will reach USD 4.26billion in 2019 growing at a CAGR of 14.2%from 2013 to 2019.

Research and academic institutes from the largest set of consumers, by revenue, of life science reagents. Growth in research and development activities by biotechnology companies with an intention to introduce breakthrough technologies in the market has led to rise in consumption of life science reagents in related processes.

Geographically, North America dominated the global life science reagents marketin 2012 mainly due to the advantage of bigger patent repositorywith biotechnology companies based in this region.Factors that will drive future growthof the North American life science reagents market include existence of supportive economic base, highly developed research infrastructure, technological advancement and higher adoption rate of those technologies.

However,countries in the Asia-Pacificregion such as China, Japan and India are expected to be potential markets with high prevalence of infectious diseases, development of healthcare infrastructure, aging of population resulting in rising incidencesof cardiac diseases, increasing government initiatives to boost the biotechnology industry in the respective countries and rapidly increasing awareness about disease diagnosis and prevention.

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The global life science reagents market is characterized by the presence of a largenumber of market players. The matured market players intensively follow predatory business strategies such as acquisition of small market entrants with breakthrough technologies. Some of the key participants operating in this market includeAbbott laboratories, Agilent Technologies, bioMerieux, Life Technologies Corporation, Bio-Rad Laboratories, Inc., GE Healthcare, Merck Millipore, Sigma Aldrich Corporation and Lonza Group Ltd.


The global life science reagentsmarket is segmented as follows:

Life Science Reagents Market, by Product Type
Polymerase chain reaction (PCR) reagent kits
Cell and tissue culture reagents
Flow cytometry reagents
Electrophoresis reagents
Chromatography reagents
In-vitro diagnostic (IVD) reagents
Others
Life Science Reagents Market, by End User
Commercial and contract manufacturers
Research and academic institutions
Clinical laboratories
Forensic laboratories
Life Science Reagents Market, by Geography
North America
Europe
Asia-Pacific
Rest of the World (RoW)

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