The Global Laboratory Chemicals Market Highlights:
Laboratory chemicals are compounds or substances that are used to perform experimental and investigative procedures and for the preparation of drugs and other chemicals. These are used in large scale for commercial applications and research purpose. The significant increase in the use of chemicals in basic research applications, coupled with large-scale commercial applications has helped the laboratory chemicals market to grow. The laboratory chemicals market is mainly driven by the growing research and development activities in the field of biological and chemical sciences. The development and improvement of ongoing technologies, such as cell culture and recombinant DNA have enhanced the scientific community’s ability to produce important human therapeutic agents over the years. The increasing demand for laboratory chemicals in the biotechnological industry will drive the market growth in upcoming years.
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Key Players List:
Lonza Biologics Ltd,
PerkinElmer Inc.,
BD Biosciences,
bioMerieux,
Beckman Coulter Inc.,
GE healthcare,
EMD Chemicals Inc.,
Meridian Life science Inc.,
Shimadzu Biotech and Takara Bio Inc.
Segmentation
The global laboratory chemicals market has been segmented on the basis of product, application, and end-user. On the basis of product, the market has been classified as cytokine and chemokine testing, molecular biology, immunochemistry, carbohydrate analysis, cell/tissue culture, biochemistry, and others. The molecular biology segment has been further divided into PCR reagents, gene synthesis and expression, vectors, monoclonal and polyclonal antibodies, enzymes, cloning and sequencing, and others. PCR reagents are sub-segmented into Taq DNA Polymerase, dNTP, Primer, and others. The immunochemistry segment is further sub-segmented into antibody and immunoassay stabilizers, antibody labeling, and others. The Laboratory Chemicals Market, by application, has been classified into academic, research and development, quality control, and others.
The market, by end-user, has been classified into pharmaceutical and biotechnological companies, academic and research institutions, and others. The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The laboratory chemicals market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European Laboratory Chemicals Market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The laboratory chemicals market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The laboratory chemicals market in the Middle East and Africa has been segmented into the Middle East and Africa.
The market in the Middle East and Africa is expected to account for the smallest share of the global laboratory chemicals market during the forecast period, owing to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
Regional Market Summary
Geographically, North America is witnessed to be the largest market share holder of the global laboratory chemicals market. The growth of this region is estimated based on innovations in the field of biological sciences, technological advancements, and improvements in cell and tissue culture technology.
The European market is expected to be the second-largest in terms of market share in the laboratory chemicals market. The market growth in this region can be attributed to government funding and support from the healthcare sector coupled with increasing research and development. The European chemicals market is very innovative and ultimately helps in solving issues related to climate change, nutrition, and health.
The growth of the laboratory chemicals market in the Asia-Pacific region can be attributed to the establishment of new academic institutions, especially in the areas of biological and chemical sciences. Similarly, the establishment of new pharmaceutical companies in the region will increase investments in research and development activities, thus enabling more test analysis. The increasing clinical research outsourcing activities in the Asian region has also increased the demand for chemical labs to measure drug quality, to test the quality of products in the chemical industry, and food industry and biological areas of research and development. China holds the largest share in pharmaceutical markets in Asia-Pacific, owing to economic developments in the country, along with the growing demand for healthcare facilities by the aging population.
The market in the Middle East and Africa is expected to account for the least share of the global laboratory chemicals market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
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