India Biotechnology Reagents & Kits Market Size & Outlook
India biotechnology reagents & kits market, 2018-2028 (US$B)
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India biotechnology reagents & kits market highlights
- The India biotechnology reagents & kits market generated a revenue of USD 27.2 billion in 2020 and is expected to reach USD 106.0 billion by 2028.
- The India market is expected to grow at a CAGR of 18.5% from 2021 to 2028.
- In terms of segment, detection kits was the largest revenue generating kit type in 2020.
- Detection Kits is the most lucrative kit type segment registering the fastest growth during the forecast period.
Biotechnology reagents & kits market data book summary
| Market revenue in 2020 | USD 27.2 billion |
| Market revenue in 2028 | USD 106.0 billion |
| Growth rate | 18.5% (CAGR from 2020 to 2028) |
| Largest segment | Detection 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 |
Other key industry trends
- In terms of revenue, India accounted for 8.1% of the global biotechnology reagents & kits market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China biotechnology reagents & kits market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 106.0 billion by 2028.
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Biotechnology Reagents & Kits Market Scope
Biotechnology Reagents & Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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India biotechnology reagents & kits market outlook
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.
Detection kits was the largest segment with a revenue share of 22.79% in 2020. Horizon Databook has segmented the India 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.
India possesses high growth potential in the biotechnology reagents and kits market, owing to key market players introducing innovative products for market expansion. For instance, in January 2021, HiMedia Laboratories introduced a quick & simple 11 minutes automated RNA extraction kit.
The kit enables processing of 96 specimens in 11 minutes. The Super 11 Pre-filled Plates for Insta NX MAG96 simplify the workflow of any SARS-CoV-2 testing laboratory, thereby, allowing a multi-fold growth in the testing capacity in terms of speed.
In addition, in June 2020, Omega Bio-Tech Inc. introduced a MagBind Viral RNA Xpress Kit, an RNA extraction kit for SARS-CoV-2 testing, with high production capacity for 6 million tests per month. The kit allows a researcher to raise their purification by using fewer reagents and protocol steps.
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Our clientele includes a mix of biotechnology reagents & kits market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India biotechnology reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into India biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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India biotechnology reagents & kits market size, by kit type, 2018-2028 (US$B)
India Biotechnology Reagents & Kits Market Outlook Share, 2020 & 2028 (US$B)
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