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Life science products market | Coherent Market Insights


Read here the latest updates on the Life science products market published by CMI team. – PowerPoint PPT presentation

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Title: Life science products market | Coherent Market Insights

Coherent Marketing Insights
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  • Life Science Products Market, By Product
    (Recombinant Proteins (Immune Checkpoint
    Regulators, Chemokines, Growth Factors,
    Cytokines, Colony Stimulating Factors, Hormones,
    Enzymes Inhibitors, Others), Cell Lines
    (Immunotherapy Cell Lines, Ion Channel Cell
    Lines, GPCR Cell Lines, Cell Signaling Pathway
    Cell Lines, Gene Knockout Cell Lines, Cancer Cell
    Lines, Others), Antibodies (Immune Checkpoint
    Antibodies, Epitope Tag Antibodies, Isotype
    Control Antibodies (Research Use, In-vivo Grade),
    Primary Antibodies (Research Use, In-vivo Grade),
    Assay Antibodies (includes secondary antibodies),
    Others(Viable Tumor Samples, Tumor Tissue
    Microarrays)), By Application (Drug Discovery
    Development, Basic Research, Toxicity Screening,
    Biopharmaceutical Production, Drug Screening,
    Tissue Engineering, Forensic Testing), By End
    User (Biopharmaceutical Companies, Contract
    Research Organizations (CROs), Academic
    Research Institutes, Forensic Science
    Laboratories, Food Beverage Companies,
    Diagnostic Centers, Others), and By Region (North
    America, Latin America, Europe, Asia Pacific,
    Middle East Africa) - Size, Share, Outlook, and
    Opportunity Analysis, 2019 - 2027

  • Life science, also referred as biology, is the
    study of life and living things. It includes
    anatomy, animal biology, bacteriology,
    biochemistry, cell biology, ecology, evolutionary
    biology, genetics, molecular biology, plant
    biology, physiology, and virology. Life science
    plays major role in drug discovery, tissue
    engineering, drug screening, forensic testing,
    and genetic analysis.
  • Statistics
  • The global life science products market is
    estimated to account for US 4,735.8 Mn in terms
    of value by the end of 2027.

  • Global Life Science Products Market Drivers
  • Increasing funding in the life science sector is
    expected to boost growth of the global life
    science products market over the forecast period.
    For instance, in February 2020, Purdue-affiliated
    Amplified Sciences LLC and Brightlamp Inc.
    received a grant of US 250,000 each from the
    Purdue Foundry Investment Fund for RD in life
    science technologies.
  • Moreover, RD in rare diseases is also expected
    to aid in growth of the market. For instance,
    Oraxion Therapeutics, Inc., a subsidiary of
    India-based Aten Porus, is undergoing preclinical
    and efficacy study of the drug, ORX-301, which
    can be used in the treatment of FSGS. In February
    2018, Oraxion Therapeutics, Inc. entered into an
    Option Agreement with a U.S-based
    biopharmaceutical company. Under the, agreement,
    the U.S.-based company gets exclusive rights for
    further clinical studies and license of ORX-301
    in the U.S.

  • Figure 1. Global Life Science Products Market
    Share (), by Region, 2019

Global Life Science Products Market Restraints
  • High cost of life science products is expected to
    hinder growth of the market. Development of novel
    products in the life science domain requires
    complex processes, which lead to expensive
  • Moreover, several users do not prefer to invest
    in such expensive products, especially for
    research groups with limited budgets and funding,
    due to the uncertainties in the results expected
    from complex experiments. Most of the research
    products procured from different vendors tend to
    show ambiguous results and products have also
    been known to have lot-to-lot variability.
    Therefore, researchers find it difficult to
    reproduce published research, thereby severely
    limiting progress of research. Such scenarios are
    expected to limit growth of the market.

Global Life Science Products Market
  • Market players may focus on expanding their
    presence in emerging regions. Biotech projects
    can be outsourced in emerging economies such as
    India, owing to significant availability of
    skilled labor and qualified manpower at
    affordable costs.
  • Increasing government initiatives to boost the
    life science sector is expected to offer
    lucrative growth opportunities for players in the
    market. For instance, in March 2020, the U.K.
    government pledged an investment of US 24.57
    billion per year by 2024-25 in its budget for RD
    investment, including in the life sciences.

Academic Research Institutes segment in the
global life science products market was valued at
US 1,444.8 Mn in 2019 and is expected to reach
US 1,967.6 Mn by 2027 at a CAGR of 3.9 during
the forecast period.
  • Market Trends/Key Takeaways
  • The adoption of big data in the life science
    sector allowed market players to classify
    potential clients, thereby allowing them to offer
    appropriate content and to track the
    effectiveness of campaigns. However, in May 2018,
    the EU implemented the General Data Protection
    Regulation (GDPR), which strengthened the data
    protection laws. Therefore, market players need
    to reassess their policies to suit the European
  • The life science sector in Europe has witnessed
    an increase in the number of patents. For
    instance, according to the European Patent
    Office, in 2019, the pharmaceutical sector
    witnessed a 4.4 rise in number of patents over
    2018, whereas and biotechnology sector recorded a
    rise of 1.7 over 2018.


Global Life Science Products Market Competitive
  • Major players operating in the global life
    science products market include, Abcam Plc.,
    A.M.S. Biotechnology (Europe) Limited, Bio-Rad
    Laboratories Inc., BPS Bioscience Inc., Crown
    Bioscience Inc., Genscript Biotech Corporation,
    Merck Millipore Limited, PerkinElmer Inc., Sigma
    Aldrich Corp., and Thermo Fisher Scientific Inc.
  • Global Life Science Products Market Key
    Developments Major players in the market are
    focused on launching new products to expand their
    product portfolio. For instance, in October 2019,
    Thermo Fisher Scientific Inc. launched Cytomat 2
    C-LiN Series Automated Incubator, which is
    designed to offer cell growth and environmental
    control across a range of micro plate
    applications that include cell-based screening,
    immuno-capture assays, microbiology, and enzyme
  • Major players in the market are also focused on
    conducting clinical trials to expand their
    product portfolio. For instance, in March 2020,
    Achieve Life Sciences, Inc., a clinical-stage
    pharmaceutical company, presented additional
    analyses from the ORCA-1 Phase 2b trial that
    assessed the efficacy of Cytisinicline, a
    plant-based alkaloid with a high binding affinity
    to the a4ß2 nicotine receptor, at the SRNT Annual
    Meeting in New Orleans (U.S).

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About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions. We are headquartered
    in India, having office at global financial
    capital in the U.S. Our client base includes
    players from across all business verticals in
    over 150 countries worldwide.
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Contact Us
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  • Coherent Market Insights Pvt. LTD.Coherent
    Market Insights 1001 4th Ave, 3200 Seattle, WA
    98154, U.S.Phone 1-206-701-6702
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