GENOMICS AND PROTEOMICS REAGENTS, RESEARCH KITS, & ANALYTICAL INSTRUMENTATION MARKET ANALYSIS (2020-2027) - PowerPoint PPT Presentation

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GENOMICS AND PROTEOMICS REAGENTS, RESEARCH KITS, & ANALYTICAL INSTRUMENTATION MARKET ANALYSIS (2020-2027)

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Title: GENOMICS AND PROTEOMICS REAGENTS, RESEARCH KITS, & ANALYTICAL INSTRUMENTATION MARKET ANALYSIS (2020-2027)


1
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GENOMICS AND PROTEOMICS REAGENTS, RESEARCH KITS,
ANALYTICAL INSTRUMENTATION MARKET ANALYSIS
(2020-2027)
  • Genomics and Proteomics Reagents, Research Kits,
    Analytical Instrumentation Market, By Product
    Type (Instrumentation and Analytical Tools
    (Chromatography, Mass Spectrometry, Thermal
    Cyclers, Next Gen Sequencing), Reagents and
    Research Kits (Sample Prep Kits, Electrophoresis
    Kits, Purification Kits, BioChips)), By End User
    (Diagnostic Laboratories, Pharmaceutical and
    Biotechnology Organizations, Research
    Laboratories), and By Region (North America,
    Latin America, Europe, Asia Pacific, Middle East
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis, 2020 - 2027

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  • Genomics and proteomics form the core omics
    fields of life science research and account for a
    majority share of research in healthcare
    industry. The fields find application in
    agriculture and animal husbandry, drug discovery,
    forensics, proteogenomics research, and disease
    identification, diagnostics, and control.
  • The global genomics and proteomics reagents,
    research kits, and analytical instrumentation
    market is estimated to account for US 59,185.3
    Mn in terms of value in 2020 and is expected to
    reach US 132,162.2 Mn by the end of 2027.

4
  • Global Genomics and Proteomics Reagents, Research
    Kits, and Analytical Instrumentation Market
    Drivers
  • Increasing investment in the pharmaceutical
    sector is expected to propel growth of the global
    genomics and proteomics reagents, research kits,
    and analytical instrumentation market over the
    forecast period. For instance, according to The
    European Federation of Pharmaceutical Industries
    and Associations Key Data 2019, the
    pharmaceutical sector in Europe invested US 19,
    509 million in 2000, which increased to US
    39,895 million (est.) in 2018.
  • Moreover, increasing approval and launch of drugs
    is also expected to aid in growth of the market.
    For instance, in 2019            the U.S. Food
    and Drug Administrations Center for Drug
    Evaluation and Research (CDER) approved 48 novel
    drugs and European Medicines Agency reported that
    30 new active substances were approved in the
    same year.  

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  • Global Genomics and Proteomics Reagents, Research
    Kits, and Analytical Instrumentation Market
    Drivers
  • Thermal cyclers held dominant position in the
    global genomics and proteomics reagents, research
    kits, and analytical instrumentation market in
    2019, accounting for 34.8 share in terms of
    value, followed by Europe and Asia Pacific,
    respectively.

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Figure 1 Global Genomics and Proteomics
Reagents, Research Kits, and Analytical
Instrumentation Market Share () Value, By
Region, 2019
7
  • Global Genomics and Proteomics Reagents, Research
    Kits, and Analytical Instrumentation Market
    Restraints
  • Low adoption and penetration of reagents,
    research kits, and analytical instrumentation in
    developing countries is expected to hinder growth
    of the market. This can be attributed to the high
    cost of the equipment and high capital investment
    required to set up a modern laboratory.
  • Moreover, the market is highly fragmented, which
    increases volume but reduced revenue of the
    market. This in turn is expected to hinder growth
    of the market.

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  • Global Genomics and Proteomics Reagents, Research
    Kits, and Analytical Instrumentation Market
    Opportunities
  • Increasing prevalence of chronic disorders is
    expected to offer lucrative growth opportunities
    for players in the global genomics and proteomics
    reagents, research kits, and analytical
    instrumentation market. For instance, according
    to the American Cancer Society, in 2019, there
    will be an estimated 1,762,450 new cancer cases
    diagnosed and 606,880 cancer deaths in the U.S.  
  • Moreover, increasing adoption of proteomics in
    disease diagnostics is also expected to aid in
    growth of the market. For instance, in September
    2019, researchers from Eulji University, South
    Korea, reported use of proteomics approach to
    identify two proteins, namely serum amyloid A4
    and vitamin D binding protein that demonstrated
    high performance in distinguishing patients with
    rheumatoid arthritis from healthy controls.

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Figure 2 Global Genomics and Proteomics
Reagents, Research Kits, and Analytical
Instrumentation Market Value (US Mn), 2016 2027
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  • Market Trends/Key Takeaways
  • Major players in the market are focused on
    adopting partnership strategies to expand their
    product portfolio. For instance, in October 2019,
    Illumina, Inc. partnered with QIAGEN N.V. to
    broaden the availability and use of NGS-based
    in-vitro diagnostic kits, including companion
    diagnostics, for patient management.
  • Major players in the market are also focused on
    adopting MA strategies to expand their product
    portfolio. For instance, in November 2018, 
    Agilent Technologies Inc. acquired ACEA
    Biosciences Inc., a developer of cell analysis
    tools, for US 250 million in cash.

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  • Global Genomics and Proteomics Reagents, Research
    Kits, and Analytical Instrumentation Market
    Competitive Landscape
  • Major players operating in the global genomics
    and proteomics reagents, research kits, and
    analytical instrumentation market include, Thermo
    Fisher Scientific, Agilent Technologies, Becton
    Dickinson Company, Bio-Rad Laboratories, Inc.,
    Bruker Corporation, Danaher Corporation,
    Illumina, Inc., Life Technologies Corporation,
    and Merck Millipore.

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  • Global Genomics and Proteomics Reagents, Research
    Kits, and Analytical Instrumentation Market Key
    Developments
  • Major players in the market are focused on
    adopting partnership strategies to expand their
    product portfolio. For instance, in January 2020,
    Agilent Technologies Inc. collaborated with
    Indian Institute of Technology Delhi, India, to
    promote biopharmaceutical research.
  • Similarly, in September 2019, Bruker Corporation
    collaborated with Murdoch University for RD in
    prevention and diagnosis of diseases through the
    Australian National Phenome Center, the
    international center of expertise for metabolic
    phenotyping.

14
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