U.S. Biotechnology Reagents & Kits Market Size & Outlook
U.S. biotechnology reagents & kits market, 2018-2028 (US$B)
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U.S. biotechnology reagents & kits market highlights
- The U.S. biotechnology reagents & kits market generated a revenue of USD 107.8 billion in 2020 and is expected to reach USD 363.3 billion by 2028.
- The U.S. market is expected to grow at a CAGR of 16.4% 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 107.8 billion |
| Market revenue in 2028 | USD 363.3 billion |
| Growth rate | 16.4% (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, U.S. accounted for 32.0% 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 North America, U.S. biotechnology reagents & kits market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 59.9 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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U.S. 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 23.01% in 2020. Horizon Databook has segmented the U.S. 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.
U.S.-based companies continue to offer advanced biotechnological products, which drives the market for biotechnology reagents and kits in the country. For instance, in March 2020, Agilent technologies launched the Sureselect XT HS2 DNA Kit.
This kit is intended to solve key difficulties that laboratories face when developing DNA sequencing libraries for their experiments. The kit can multiplex hundreds of specimens in single sequencing run and eliminate sample contaminants as a result of an index.
U.S.-based players and organizations are continuously involved in high-quality life sciences research, which also aids market growth. The country’s strong performance is strengthened by its highly efficient institutions, such as Stanford University, the U.S. National Institutes of Health, MIT, Harvard University, and the University of California.
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Target buyers of U.S. biotechnology reagents & kits market databook
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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 U.S. biotechnology reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into U.S. biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. biotechnology reagents & kits market size, by kit type, 2018-2028 (US$B)
U.S. Biotechnology Reagents & Kits Market Outlook Share, 2020 & 2028 (US$B)
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