Biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods, and services.

Biotechnology’s origins date back to the later part of the 18th century, arising from the field of zymotechnology. The field has developed immensely over time, and has affected medicine, agriculture, and other life science-related areas.

The biotechnology industry has grown hugely in the past years. Modern biotechnology includes genetics, human immunology, and molecular and cellular biotechnology, which drives the research in this field. Emerging disciplines such as neurosciences and proteomics provide promising potential in the biotechnology industry. Biotechnology reagents and kits are important to the field of bioscience, as they are used to detect or synthesize another substance in order to give a test reading. This test reading helps detect, measure, or produce other substances.

The life sciences and analytical reagents market mainly consists of technologies that were used in the past for biochemical analysis, genome studies, proteome studies, and any life science related technology. However, this concept is slowly changing, as today there are vast and varied applications for protein synthesis and purification, gene expression, DNA and RNA analysis, and drug testing.

Life sciences dominated the global life sciences and analytical reagents market with a share of 59.37% at an estimated $23,933 million in 2011; it is expected to reach $30,522 million by 2016, at a CAGR of 5% from 2011 to 2016.

Major players in the global life science and analytical reagents market include Life Technologies, (U.S.), Bio-Rad (U.S.), Thermo Fisher Scientific (U.S.), Water Corporation (U.S.), Sigma-Aldrich (U.S.), Agilent Technologies Inc. (U.S.), Betcon Dickinson (U.S.), Beckman Coulter (U.S.), Roche (Switzerland), and Abbott (U.S.).

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com.

Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.