Global Life Science Reagents Market was valued US$ 35.6 Bn in 2019 and is expected to reach 72.3 Bn by 2027, at a CAGR of 9.26 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Life Science Reagents Market : Overview
Life science reagents play a critical role in producing and testing various products such as pharmaceutical products, cell-based products, and several other healthcare-related solutions. The development of the global life science reagents market is accredited to the increase in the global geriatric population, which is further disposed to different types of infectious diseases. Furthermore, the rise in the occurrences of infectious diseases and technical advancements, the life science industry are enhancing the growth of the global life science reagents market. North America led the global life science reagents market in 2018, and this trend is projected to continue during the forecast period too. This is accredited to the increase in research and development activities in the region, which drive the demand for life science reagents to perform various research activities during forecast period.