Laboratory Chemical Reagents Market to Reach $13.7 billion by 2010, According to New Report by Global Industry Analysts, Inc.

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Laboratory biotechnology reagents and supplies represent one of the high growth markets. Industry fortunes rely to a major extent on innovative products and addressing unmet needs. Worldwide market for laboratory chemical reagents is projected to reach $13.7 billion by 2010.

Laboratory Biotechnology Reagents: A Global Strategic Business Report

Modern biotechnology integrates molecular and cellular biotechnology, genetics and human immunology, drawing primarily upon research in genetic engineering or recombinant DNA technology. Though laboratory chemical reagents continue to register modest growth, high growth in some segments is attributed to extensive and expanding therapeutic usage. Emerging disciplines such as neurosciences and proteomics also provide promising potential. The pace and extent of evolution of the biotechnology industry is way ahead in most nations, representing high growth potential. Highly automated instrumentation continues to remain a key factor tempering use of reagents. Companies are undergoing a paradigm shift from providing reagents to providing highly integrated systems incorporating a range of reagents, labels, dyes and protocols.

North America, Japan, and Europe dominate the global Laboratory chemical reagents market accounting for about 75% of the market in 2007, as stated by Global Industry Analysts, Inc. Sophistication of analyzing technology and advancements in the field of biochemistry in recent years, are indicative of diversification and sophistication in quality of reagents. Biochemistry reagents market represents the largest segment accounting for about 40% of the market. Reagents used in gene expression, vectors, cloning, and sequencing are likely to experience fastest growth. Antibodies are becoming increasingly significant, both as diagnostic as well as therapeutic tools for targeting the diseased cells and cell compounds.

Asia-Pacific represents the fastest growing region reflecting with a CAGR of 6% during the analysis period. Major factors contributing to the consistent growth for sera, media and reagents in the Asian markets include higher sales infrastructure investment by leading players in Japan and China, biomanufacturing demand, and increasing interest in stem cell research. Environmental Testing reagents market in Europe is projected to reach $70 million by 2010. Continued shift of biotechnology research from academic to commercial sector and the evolution-integrated chemistry, are keeping up momentum in reagents market. Germany leads the laboratory reagents market in Europe with a market share of 29% in 2007

The market for laboratory reagent chemicals is highly fragmented. Suppliers mainly comprise of specialist companies and distributors of third party products. Key market participants profiled in the study include Applied Biosystems, Beckman Coulter, BD Biosciences , Biomerieux, Dionex Corp, EMD Chemicals Inc, GE Healthcare, Invitrogen Corp., Mallinckrodt Baker, Inc, Mediatech, Inc., Meridian Life Science, Inc., Owl Separation Systems, PerkinElmer, Pierce Biotechnology Inc, SAFC Biosciences, Inc., Shimadzu Biotech, Sigma-Aldrich Corp., Takara Bio, Inc., Clontech Laboratories Inc, Wako Pure Chemical Industries, and Waters Corp.

The report titled "Laboratory Biotechnology Reagents: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent launches, developments, mergers, acquisitions and other strategic industry activities. The report analyzes both global and regional markets by the following segments: Molecular Biology (Monoclonal & Polyclonal antibodies, Gene Expression, Vectors, Cloning, & Sequencing, Gene Synthesis, Extraction kits, PCR Reagents, Enzymes, and Others), Biochemistry (IVD), Cytokine & Chemokine Testing, Cell/Tissue Culture, Carbohydrate Analysis, Immunhistochemistry, and Environmental Testing (Pesticide Residues and Others). Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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