Global sales of life science tools market exceeds $42 billion

The market research company Reportlinker recently released a new market research report “Global Life Sciences Tools and Reagents Research Report”. This report provides an overview of the current state of the life sciences tools and reagents industry, a detailed analysis of the current market's existing products and competitive environment, including potential markets for new products and experimental development desktops, highlighting the life sciences tools and reagents industry and its Major market participants include current and future market trends, opportunities and challenges facing the industry, and forecasts for the life sciences tools and reagents industry over the next five years.

The report shows that despite the economic downturn in the past few years, the life sciences tool market has maintained a steady growth. The current global sales of life science tools market has exceeded 42 billion US dollars, and the compound average annual growth rate (CAGR) is as high as 13.6%. It is estimated that the sales volume of global life science tools market will increase to approximately 81 billion US dollars in 2016.

Among them, the current market sales of reagents and tools for DNA and RNA research have reached US$27 billion, CAGR 12.2%, and it is expected that the sales volume in this segment will reach US$48 billion in 2016. In addition, cell biology reagents account for at least 30% of the life sciences research tool market, and its market sales are currently expected to reach as much as US$10 billion. In the next five years, this particular market segment is expected to at least double, market sales will reach 24 billion US dollars, and its CAGR is as high as 19.1%.

Among the reports, companies involved include Agilent Technologies, Thermo Fisher Scientific, Beckman Coulter, Bruker, PerkinElmer, Shimadzu, Waters, CaliperLifeScience, Affymetrix, BDBiosceices, GE Healthcare, Bio-Rad Laboratories, LifeTechnologies, Millipore (EMDGROUP), Sigma-Aldrich and more than 70 internationally renowned life science tools and reagent suppliers.

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