Market revenue in 2020 | USD 5.4 billion |
Market revenue in 2028 | USD 16.0 billion |
Growth rate | 14.5% (CAGR from 2020 to 2028) |
Largest segment | Amplification kits |
Fastest growing segment | Detection Kits |
Historical data | 2018 - 2019 |
Base year | 2020 |
Forecast period | 2021 - 2028 |
Quantitative units | Revenue in USD billion |
Market segmentation | Purification Kits, Amplification Kits, Detection Kits, Isolation Kits |
Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, New England Biolabs, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Merck KGaA, Promega, Takara Bio Inc, LGC Group, Toyobo Co Ltd |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biotechnology reagents & kits market will help companies and investors design strategic landscapes.
Amplification kits was the largest segment with a revenue share of 22.22% in 2020. Horizon Databook has segmented the Brazil biotechnology reagents & kits market based on purification kits, amplification kits, detection kits, isolation kits covering the revenue growth of each sub-segment from 2018 to 2028.
In Brazil, the biotechnology industry has witnessed rapid growth in the last few years, which is anticipated to continue in the near future. Many multinational companies are attracted to the Brazilian market, as Brazil provides a favorable business environment for new biotech companies and startups.
According to data from the Brazilian Center of Analysis and Planning, there were 237 biotechnology companies in Brazil in 2017. Most of them are working on human health (39.7%), supported by two important sectors, reagents and animal health.
Research done by Biominas Brazil mapped around 222 startups and research projects in Brazil, which are focused on biotechnology for human and animal health. Its results indicated that Brazil has the potential to foster the growth of innovative biotech companies, which is expected to drive market demand in Brazil.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil biotechnology reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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