Lifescience Reagent Market Insights
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).
Figure 1. Global Lifescience Reagent Market value Analysis (US$ Mn) and Forecast and Absolute $ Opportunity
Source: Coherent Market Insights Analysis (2019)
Increasing number of product launches is expected to drive growth of global lifescience reagent market
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 PCRamplified cDNA libraries on the Nadia Instrument, allowing high throughput gene expression profiling of heterogeneous cell populations.
Moreover, in October 2016, Beckman Coulter’s lifescience division launched Clearllab LS Lymphoid Screen Reagent. It is CE-marked and 10-colour containing 12 antibody reagent combinations used for leukemia and lymphoma analysis. The new approach is designed to provide results with a faster turnaround time (TAT). ClearLLab has been specifically designed for identification of haematolymphoid cells on the Beckman Coulter’s Navios flow cytometer.
Increasing acquisitions among biotechnology industry players is contributing to the global lifescience reagent market during the forecast period. For instance, in February 2017, Anatrace (StoneCalibre’s portfolio company), acquired Molecular Dimensions Ltd. Molecular Dimensions Ltd is the U.K.-based supplier of modern screens, reagents, and other consumables and instrumentation for structural biology research. With this acquisition, Anatrace intended to establish its presence in Europe and expand its position in the structural biology product portfolio.
Global Lifescience Reagent Market- Regional Analysis
North America is expected to witness lucrative growth in global lifescience reagent market, owing to growing initiatives taken by market players to establish their product portfolio in North American countries. For instance, in May 2018, Grifols received the U.S. Food & Drug Administration (FDA) licensing approval to commercialize a range of antisera reagents designed for routine and complex immunohematology testing in the U.S.
Moreover, in 2016, LabX Media Group, Inc. acquired 1DegreeBio Inc., (www.1degreebio.com), the antibody and reagent search engine for lifesciences. With this acquisition, LabX Media Group introduced 1DegreeBio Inc. to its portfolio of established brands. The website ‘www.1degreebio.com’ includes a database of lifescience reagents and kits including quality validation data, citation history, as well as antibody reviews and community ratings.
Asia Pacific is also expected to drive the global lifescience reagent market growth, owing to presence of key players in this regions. For instance, in December 2015, Sekisui Chemical, a Japanese company, acquired Eidia, a subsidiary company of Eisai, to develop and market reagents, especially diagnostic reagents, for curbing cancer and rheumatism. Eisai was the manufacturer, importer, and marketer of chemical equipment, clinical diagnostic reagents, clinical analyzers, and laboratory reagents. Sekisui purchased the Eidia from Eisai for US$ 18 million.
Europe is expected to show significant lifescience reagent growth rate, owing to increasing number of approvals from the European Union for the diagnostics reagents and assays. For instance, in March 2017, HTG Molecular Diagnostics, Inc. received CE marking in the European Union for its HTG EdgeSeq ALKPlus Assay EU. The company is provider of instruments, reagents, and services for molecular profiling applications. HTG EdgeSeq ALKPlus Assay EU is an in vitro diagnostic assay used to measure and analyze mRNA ALK gene rearrangements in formalin-fixed, paraffin-embedded lung tumor specimens from patients previously diagnosed with non-small cell lung cancer (NSCLC).
Figure 2: Global Lifescience Reagent Market Value (US$ Mn), By Region
Source: Coherent Market Insights Analysis (2019)
Global Lifescience Reagent Market - Competitive Landscape
Key players operating in the global lifescience reagent market include 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 Inc., Waters Corporation, Ortho Clinical Diagnostics, bioMérieux SA, and Sysmex Corporation.
Lifescience reagent is an important component, especially in biotechnology industry for identification and analysis of the biological materials. There are different type of reagents such as diagnostic reagents, biochemical reagents, genomic reagents and others, and are available in the market for various research purposes. Diagnostics reagents play an important role in the medical labs to produce test results for various diagnostics and biological samples through various testing assays.
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. In May 2019, Absolute Antibody launched its first commercially available mouse knob-into-hole (KIH) bispecific antibody reagents. Bispecific antibodies permit simultaneous engagement of two different protein targets.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.