DUBLIN--(
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"European Life Science Tools and Reagents Market"
report has been added to
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The European market for life science tools and reagents and COVID-19 diagnostics products was valued at $14.7 billion in 2023. The market is expected to grow from $13.0 billion in 2024 to $15.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 3.4% from 2024 through 2029.
This report provides a comprehensive analysis of the European market for life science tools and reagents, including the leading companies, their revenues, product portfolios and recent activities. It looks at the competitive landscape, trends and market dynamics, such as drivers, restraints and opportunities. It also analyzes the current and future markets.
The reagents studied are antibodies, enzyme-linked immunosorbent assay (ELISA) kits, protein reagents and probes. The life science tools included are hybridization systems, PCR, Western blotting instruments and ELISA instruments. The countries whose markets are analyzed are Germany, France, the U.K., Italy, Spain, Switzerland and the Rest of Europe. Markets are also analyzed by application.
One of Europe's most significant strategic assets is the life science industry, which produces cutting-edge drugs and vaccines essential to the long-term health and security of European residents. Innovation in the field of life science has transformed the trajectory of a number of diseases. According to the EFPIA article on Competitiveness Strategy for European Life Science, HIV, which was once considered a deadly disease, has now been changed to a manageable disease, significant advances in cancer care have transformed survival rates, 95% of patients can now be cured of hepatitis C, and new tools have been developed to manage cardiovascular diseases and obesity.
During the 1980s Europe was considered the global leader in pharmaceutical discovery, development and manufacturing. However, that position has gradually been ceded to the U.S., which is currently dominating the global healthcare industry. Of the top 50 global pharmaceutical companies, only 10 are headquartered in Europe. As the highest revenue-generating companies will invest more in R&D, U.S. companies are expected to hold a competitive edge in the near future.
A recent report published in 2023, as an initiative of Biomed Alliance in Europe, EuropaBio, and Johnson & Johnson, highlights that by 2021, the public investments in healthcare research in the U.S. reached $43.6 billion (€40 billion), compared to $9.4 billion (€8.4 billion) annually in the Europe. The number of clinical trials conducted in European countries is also lower than in the U.S. In addition, as emerging markets such as China and Korea continue to expand, research activity is moving from Europe to these regions. Therefore, it is imperative for the European government to take certain measures to regain its position in the healthcare industry. Such measures include slowly increasing spending on research and ensuring research and development activities are not moving to other countries in the future.
The European market for life science tools and reagents is expected to grow from $12.5 billion in 2024 to $15.3 billion by the end of 2029, at a CAGR of 4.2% from 2024 through 2029. The European market for life science COVID-19 diagnostics products is expected to decline from $479.6 million in 2024 to $29.4 million by the end of 2029, at a negative CAGR of 42.8% from 2024 through 2029.
European Life Science Tools and Reagents Market Scope
An analysis of the European market for life science tools and reagents, including COVID-19 diagnostics products
Analyses of the market trends, with historic market revenue data (sales figures) for 2021-2023, estimates for 2024, and projected CAGRs through 2029
Estimates of the market size and revenue forecasts for the market for life science tools and reagents, with market share analysis by product, application, and country
Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices of leading companies, their ESG scores, and consumer attitudes
Competitive intelligence, including companies' market shares, recent M&A activity and venture funding
Profiles of the leading companies, including Thermo Fisher Scientific Inc., Danaher Corp., Merck KGaA, Qiagen and Roche
Full List of Company Profiles Included in this Report:
Agilent Technologies Inc.
Altona Diagnostics Gmbh
Analytik Jena GmbH+Co. KG
BD
Bio-Rad Laboratories Inc.
Danaher Corp.
F. Hoffmann-La Roche Ltd.
Merck KGaA
Promega Corp.
Qiagen
Revvity Inc.
Thermo Fisher Scientific Inc.
Key Attributes:
Report Attribute
Details
No. of Pages
128
Forecast Period
2024 - 2029
Estimated Market Value (USD) in 2024
$13 Billion
Forecasted Market Value (USD) by 2029
$15.4 Billion
Compound Annual Growth Rate
3.4%
Regions Covered
Europe
Key Topics Covered:
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Overview
Product Development in Life Science
Chapter 3 Market Dynamics
Market Drivers
Increasing Investments in R&D
Increasing Prevalence of Chronic Diseases
Increasing Demand for Various Diagnostics Pathways and In Vitro Diagnostics
Growth in Genomic and Biomarker Research
Increasing Demand for Personalized Medicine
Technological Advances
Market Restraints
End of COVID-19 Pandemic
High Cost of Instruments
Lack of Skilled Personnel
Market Challenges
Regulatory Hurdles
Market Opportunities
Positive Impact from Some Revisions in Pharmaceutical Legislation
New Technologies
Chapter 4 Emerging Technologies and Developments
Overview
Next-Generation Therapeutics
Next-Generation Diagnostics
Digitalization
AI and Machine Learning
Internet of Things (IoT)
Robots in Life Science Labs
Chapter 5 Market Segmentation Analysis
European Market for Life Science Tools and Diagnostics, by Product Type
COVID-19 Diagnostic Tests Market
Market for Life Science Tools and Reagents
European Market for Life Science Tools and Diagnostics, by Application
Genomics
Proteomics
Cell Biology, Antibodies and Recombinant Proteins
Stem Cells Research
Imaging Tools and Techniques
Animal Models
Epigenetics
Metabolomics
Other Applications
European Market for Life Science Tools and Diagnostics, by Country
United Kingdom
Germany
France
Switzerland
Spain
Italy
Rest of Europe
Chapter 6 Competitive Intelligence
PCR Technologies and Reagents
Antibodies
ELISA Instruments
ELISA Kits and Assays
Life Science Kits and Assays
COVID-19 Diagnostics
Strategic Initiatives
Recent Product Introductions in the Market
Chapter 7 Sustainability in Life Science Tools and Reagents in the European Market: An ESG Perspective
Introduction to ESG
ESG Practices in the Industry
Status of ESG in the Industry
Concluding Remarks
Chapter 8 Appendix
For more information about this report visit
https://www.researchandmarkets.com/r/vzsyqe
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