Wednesday 17 August 2022

The Future of Biochemical Diagnostic Reagent

 

Overview:

Biochemical reagents are organic or chemical or biological substances used for research activities in clinical or life sciences. Molecules like vitamins, nucleotides and amino acids are included under biochemical reagents and these molecules are very essential for life. Many inorganic and organic chemicals are also included in biochemical reagents and they have many applications in life science. These reagents can lose their vitality and have short shelf life once they come in contact with moisture, heat, light or if they are stored in harsh conditions. Biochemical reagents can be produced using chemical synthesis, fermentation and purified from organisms. Another examples of biochemical reagents are detergents, salts which along with many other tiny molecules are required for biological assays.

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Market Drivers:

Increasing research and developments activities in the global and Japan biochemical diagnostic reagent market is estimated to augment growth of the global and Japan biochemical diagnostic reagent market over the forecast period. For instance, Avellino, a global leader in medicine declared their partnership with Sugentech, a diagnostics company based in Korea, in August 2020, for increasing the supply of COVID-19 detecting tests to the U.S. Furthermore, increasing usage of biochemical reagents in life sciences industries is estimated to fuel growth of the global and Japan biochemical diagnostic reagent market.

Market Restraints

Strict government regulations regarding newly launched biochemical reagents is estimated to hamper growth of the global and Japan biochemical diagnostic reagent market over the forecast period.

Regional Analysis:

North America is estimated to witness robust growth in the global and Japan biochemical diagnostic reagent market over the forecast period, due to increasing presence of biopharmaceutical companies in the region. Moreover, Asia-Pacific is also anticipated to witness significant growth in the global and Japan biochemical diagnostic reagent market over the forecast period, due to the growing healthcare and diagnostics infrastructure in the region. 

Key Players:

Key players in the global and Japan biochemical diagnostic reagent market are Beckman Coulter, Beijing Strong Biotechnologies,  KAINOS Laboratories,  Sysmex, Beijing Strong Biotechnologies, Abbott Laboratories, Randox, BioSino

Beijing Leadman Biochemistry, Agilent Technologies Inc., FosunPharmaDojindo Laboratories, Johnson and Johnson, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific and Siemens Healthineers. 

Roche acquired the TIB Molbiol Group in 09 September 2021. This acquisition aims to enhance Roche’s profile in the molecular diagnostics solutions for infectious diseases, like SARS-CoV-2 variants.


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