Biotechnology Media, Sera and Reagents Market Future Scenarios, Growth and Analytical Insights

Posted by Sanyukta K on July 16th, 2022

According to Allied Market Research report title, the global biotechnology media, sera and reagents market was valued at ,794 million in 2017 and is estimated to reach at ,974 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. Biotechnology can be defined as a technological application that uses biological systems, living organisms and their components to develop innovative products and other technological systems for human welfare. Media, sera and reagents find their application in many biotechnology research purposes including cancer research, development of biopharmaceuticals, regenerative medicine and other research purposes.

The growth of the global biotechnology media, sera and reagents industry has been fueled by the increase in research and development related to the development of biopharmaceuticals. Additionally, the continued expansion of biopharmaceutical research is expected to drive demand for the manufacturing and supply chain for the cell culture media and reagents market. Increasing investment and funding for research interventions in both developed and developing countries is driving the market growth.

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The biotechnology media, sera and reagents market is analysed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2017, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to the increased funding by the government agencies and rise in focus to develop biopharmaceuticals in this region. However, as per biotechnology media, sera and reagents market forecast, Asia-Pacific is projected to register the highest growth rate from 2018 to 2025.

In addition, culture medium is any solid or liquid preparation precisely prepared for the growth, storage, maintenance and transport of microorganisms and various types of cells. An array of different media available in research allows the culture of cell types and microorganisms. So, due to the presence of high content of embryo growth promoting factors, sera is used as an additional medium supplement used for cell culture. Due to the presence of high content of factors promoting embryo growth, sera is used as an additional medium supplement used for cell culture. Further, a reagent can be described as a substance or mixture that is used in chemical analysis or other reactions. Various reagents are used in biotechnology research such as DNA/RNA isolation reagents, buffers, washing solutions, stains, chemicals and many others.

For example, GE Healthcare increased its production capacity of powdered cell culture media tenfold in Austria in 2018. This was done due to the increasing demand for powdered cell culture media from customers in Europe. However, ethical and scientific concerns related to the potential for misuse of biotechnology research methods and shortage of skilled personnel restrict the growth of the biotechnology media, sera and reagents market.

Key Benefits:

  • In-depth analysis of the global biotechnology media, sera and reagents market share with the current trends and future estimations to elucidate the imminent investment pockets.
  • A comprehensive analysis of the factors that drive and restrict the market size of global biotechnology sera, media and reagent is provided.
  • A comprehensive quantitative analysis of the industry is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.
  • An extensive analysis of the key segments of the industry helps understand the global biotechnology media, sera and reagents market trends.
  • Key players and their strategies are provided to understand the competitive outlook of the industry.

Key Market Players

  • Becton, Dickinson and Company
  • Bio-Rad Laboratories Inc.
  • Corning Incorporated
  • GE Healthcare
  • HiMedia Laboratories Pvt., Ltd
  • Lonza Group Ltd
  • Merck & Co., Inc.
  • Sartorius AG
  • Thermo Fisher Scientific Inc.

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Sanyukta K

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Sanyukta K
Joined: July 13th, 2022
Articles Posted: 49

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