The global market for life science tools and reagents, including COVID-19 diagnostics was valued at $59.4 billion in 2023. This market is expected to grow from $53.2 billion in 2024 to reach $66.5 billion by the end of 2029, at a CAGR of 4.6% during the forecast period of 2024-2029.
The global market for life science tools and reagents is expected to grow from $51.3 billion in 2024 to reach $66.4 billion by 2029, at a CAGR of 5.3% during the forecast period of 2024-2029.
The global market for COVID-19 diagnostics tests is expected to decline from $1.9 billion in 2024 to reach $107.3 million by 2029, at a negative CAGR of 43.5% during the forecast period of 2024-2029.
Report Scope
This report provides an analysis of the market for life sciences tools and reagents, including the leading companies, their revenues, product portfolios and recent activities. It looks at the competitive landscape and market dynamics such as drivers, restraints and opportunities. It sizes of the current and future markets. The reagents studied are antibodies, enzyme-linked immunosorbent assay (ELISA) kits, protein reagents and probes. The life science instruments include hybridization systems, PCR, Western blotting instruments, and ELISA instruments. The regions whose markets are analyzed are North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Markets are also analyzed by application.
Report Includes
85 data tables and 44 additional tables
An analysis of the global markets for life science tools and reagents, including COVID-19 diagnostics products
Analyses of the global market trends, with market revenue data (sales figures) from 2021 to 2023, estimates for 2024, and projected CAGRs through 2029
An estimate of the market size and revenue forecast for the market for life science tools and diagnostics, and a corresponding market share analysis based on product type, application and region
Highlights of the current and future market potential of life science tools and diagnostics, along with an analysis of the competitive landscape, regulatory scenario and technological advances
Facts and figures pertaining to the market dynamics, opportunities and deterrents, emerging technologies, future prospects and the impacts of macroeconomic variables
An assessment of current products and identification of new potential markets for novel products and assay development
A discussion on how scientific trends, government policies and the economy in general affect this market, as well as how the life science tools and diagnostics industry differs from the pharmaceutical and drug discovery industry
A discussion of sustainability trends in the market, with emphasis on consumer attitudes, an analysis of companies' ESG scores, the future of ESG, case studies, and the ESG practices of leading companies
An analysis of the key patent grants and recently published patents
Identification of the major vendors along with an analysis of the competitive landscape, including company market shares, recent M&A activity and the outlook for venture funding
Profiles of the leading market players, including Thermo Fisher Scientific, Danaher Corp., Merck KGaA, Roche and Qiagen
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Overview
Product Development in Life Science
PESTLE Analysis
Political
Economic
Social
Technological
Environmental
Legal
Environmental
Porter's Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Potential for New Entrants
Threat of Substitutes
Competition in the Industry
Chapter 3 Market Dynamics
Market Dynamics Snapshot
Market Drivers
Increasing Investments in R&D
Diagnostic Pathways
Prevalence of Chronic Diseases
Broadening Range of Applications
Market Restraints
End of COVID-19 pandemic
Cybersecurity
Lack of Reproducibility of Antibodies
Market Challenges
End Users and Regulatory Compliance
Market Opportunities
Infectious Diseases on the Rise
New Technologies
Chapter 4 Emerging Technologies and Developments
AI and Machine Learning
Internet of Things (IoT)
Automation of Data Collection
Tracking of Equipment
Remote Analysis
Interconnectivity
Predictive Maintenance
Robots in Life Science Labs
3D/4D Cell Culturing
Reduced Use of Harmful Chemicals
Chapter 5 Market Segmentation Analysis
Segmental Breakdown
Market Analysis by Type
COVID-19 Diagnostic Tests Market
Market for Life Science Tools and Reagents
Market Breakdown by Application
Genomics
Proteomics
Cell Biology
Stem Cells
Imaging Tools and Techniques
Animal Models
Epigenetics Tools and Reagents
Metabolomics
Other Applications
Geographic Breakdown
Market Analysis by Region
North America
Europe
Asia-Pacific
Rest of the World
Chapter 6 Competitive Intelligence
Analysis of Leading Companies
PCR Technologies and Reagents
Microplate Readers/ELISA Instruments
Antibodies
ELISA Tests
Life Science Kits and Assays
COVID-19 Diagnostics
Strategic Analysis
Product Introductions
Collaborations and Agreements
Mergers and Acquisitions
Other Strategic Developments
Chapter 7 Sustainability in the Life Sciences Tools and Reagents Market: An ESG Perspective
Introduction to ESG
Environment
Social Issues
Governance
ESG Performance Analysis in the Life Science Tools and Reagents Industry