Laboratory chemicals are compounds or substances that enable a chemical reaction, which help to either measure, detect, or manufacture other chemical substance. These chemicals are extensively used on a large scale for commercial applications, as well as, research and development purposes.
As the healthcare sector is growing, number of diagnostic centers are emerging across the world. In countries like India, China, Central Asia and other African and European countries, the lab chemicals market is witnessing a positive growth. Antibodies are becoming increasingly significant, both as diagnostic as well as therapeutic tools, for targeting diseased cells and cell compounds. A variety of new antibodies that could offer effective treatment for a range of diseases that are being released into the market, owing to technological advances in the field.
The market for monoclonal antibodies is expanding rapidly throughout the world since it offers effective treatment of diseases that include infectious diseases, cardiovascular diseases, inflammatory diseases, as well as cancer, and autoimmune diseases. The growing importance of monoclonal antibodies can also be attributed to its negligible and low-toxicity level and considered potential to serve as a catalyst to deliver a drug. With the increasing launch of new monoclonal antibody therapeutic products and rising applications for current products, the market for antibodies is expected to rise during the forecast period.
The laboratory chemicals market is growing primarily due to a significant increase in their use in basic research applications, coupled with large-scale commercial applications. Moreover, growing interest of the world scientific community in such chemicals is anticipated to escalate the growth of the laboratory chemicals market.
An ongoing refinement and advancement of technologies such as cell culture, recombinant DNA, and bio-therapeutics, have enhanced the scientific communitys ability to identify and produce important human therapeutic agents over the years. This has fueled the robust growth of laboratory chemicals market during the past few years. The emerging disciplines, such as neurosciences and proteomics, are also expected to help drive the market growth in the future.
The global laboratory chemicals market is segmented by type into molecular biology, cytokine & chemokine testing, carbohydrate analysis, immunochemistry, cell/tissue culture, environmental testing, and biochemistry, among others. By application, the market is segmented into academic, environmental, healthcare, research & development of life sciences, and quality control, among others.
Global Laboratory Chemicals Market Share, by Type, 2016 (%)
Molecular biology, a study of the interaction of macromolecules present in living cells, utilizes reagents of classes such as monoclonal & polyclonal antibodies; gene expression, vectors, cloning & sequencing; and gene synthesis, among others. This constitutes the largest application area of laboratory chemical. Cytokine & Chemokine Testing is the fastest growing application area regarding consumption and is projected to grow at a compounded annual rate of 6.1 per cent over the analysis period.
The global laboratory chemicals market has been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle-East & Africa. Currently, North America, especially the United States, represents the largest regional market for laboratory chemical worldwide, owing to technological developments and innovations in the nucleic acid testing procedures, advancements in molecular pathology assays and improvements in cell/tissue culture technology, etc. Asia-Pacific represents the fastest growing market, with sales of laboratory chemical reagents projected to grow at a compounded annual rate of 5.4 per cent through 2016.
Opportunities and Market Players
- plethora of new opportunities in molecular biology was unveiled with the conclusion of the human genome project, consequently expanding the versatility of Polymerase Chain Reaction (PCR). Currently, PCR technologies are extensively used in numerous mole
- Honeywell Riedel-de HaÃ«n
Market analysis for the global laboratory chemicals market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global laboratory chemicals market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Value Chain Analysis
3.3 Technological Snapshot
3.4 Consumer Preference Insights
3.5 PESTEL Analysis
3.6 Raw Material Analysis
3.7 Patent Analysis
3.8 Industry Attractiveness Porters 5 Forces Analysis
3.8.1 Bargaining Power of Suppliers
3.8.2 Bargaining Power of Buyers
3.8.3 Threat of New Entrants
3.8.4 Threat of Substitute Products
3.8.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing R&D Activities in the Field of Biological and Chemical Sciences
4.1.2 Increasing Development of New Academic Institutions Across The Asia-Pacific Region
4.1.3 Advancement in Pharmaceutical Sector Gaining New Heights
4.2.1 Lack of Proper Funds &Iinfrastructure in Developing Economies
4.3.1 Advancement in Technologies Such as Cell Culture, Recombinant DNA & Bio-Therapeutics
4.3.2 Growing Research in the Field of Molecular Biology
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Molecular Biology
5.1.2 Cytokine and Chemokine Testing
5.1.3 Carbohydrate Analysis
5.1.5 Cell/Tissue Culture
5.1.6 Environmental Testing
5.2 By Application
5.2.4 Research & Development for Life Sciences
5.2.5 Quality Control
5.3 By End-User
5.3.2 Academic Institutions
5.3.3 Scientific Institutions
5.3.4 Corporate Institutions
6. Regional Analysis
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of MEA
7. Future of Industry
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Market Share Analysis
8.4 Strategies Adopted by Leading Players
9. Company Profiles
9.1 AMPAC Fine Chemicals
9.2 AppliChem GmbH
9.3 Argus Chemicals
9.4 Aurora Fine Chemicals
9.5 Avantor Performance Materials
9.6 BD Biosciences
9.7 Beckman Coulter Inc.
9.10 CALTAG Laboratories
9.11 Chemada Fine Chemicals Company Ltd.
9.12 Chemical Centre
9.13 Dottikon Exclusive Synthesis AG
9.14 EMD Chemicals Inc.
9.15 European Fine Chemicals Group
9.16 GE Healthcare
9.17 Honeywell Riedel-de HaÃ«n
9.18 Life Technologies Corporation
9.19 Lonza Biologics Ltd.
9.20 Merck Chemicals
9.21 Meridian Life Science Inc.
9.22 Mitsubishi Rayon Co., Ltd.
9.23 Morphisto GmbH
9.24 P&R Labpak Limited
9.25 PerkinElmer Inc.
9.26 Promega Corporation
9.28 R&D Systems
9.29 SAFC Biosciences Inc.
9.30 Samsung Fine Chemicals
9.32 Shimadzu Biotech
9.33 Sigma-Aldrich Corp
9.35 Spectrum Chemicals
9.36 Strategic Diagnostics Inc.
9.37 Synthon (Pty) Ltd.
9.38 Taizhou Yanling Fine Chemicals Co., Ltd.
9.39 Takara Bio Inc.
9.40 Thermo Fisher Scientific
9.41 Wako Pure Chemical Industries Ltd.
9.42 Waters Corp
9.43 Yiming Fine Chemicals Co., Ltd.
9.44 *(List not Exhaustive)