Biotechnology has progressed tremendously over the years. The emergence of innovative products and advanced technological systems have helped understand several chronic illnesses including cancer, and regenerative diseases, among many others.
Biotechnology Media, Sera, and Reagents Market Overview:
Biotechnology has progressed tremendously over the years. The emergence of innovative products and advanced technological systems have helped understand several chronic illnesses including cancer, and regenerative diseases, among many others. The advancements in culture media have allowed researchers to culture cell types and microorganisms and understand their biology, which is vital in the medical sector.
According to Allied Market Research, the global biotechnology media, sera, and reagents market is expected to garner $32.97 billion by 2025, growing at a CAGR of 7.3% from 2018 to 2025. Surge in R&D investment, high demand for media, sera, and reagents, and increase in advancements associated with cell culture media have boosted the market growth.
The progression of scientific knowledge, engineering in the digital age, and the colossal amount of clinical data have helped the development of healthcare technologies that enable finding out more accurate disease detection in individuals and populations.
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The development of miniaturized technologies including handheld ultrasound, sleep tracking, lab-on-a-chip technologies, and the advent of novel reagents and biotechnology media have accelerated the understanding of microorganisms. Moreover, these advancements are precisely the foundations of precision medicine, which is clearly the future of healthcare. Recently, a contract research company, ProteoGenix, launched its XtenCHOTM Transient Expression System. The new cell-based expression host offers up to 10 times higher yields with minimum hands-on time as compared to conventional solutions. Moreover, it shows enhanced robustness and it recovers quickly after performing in suboptimal solutions. Such developments open new opportunities in the biotechnology sector.
In 2018, the leading organization, GE Healthcare increased its production capacity of powdered cell culture media by tenfold. The ever-increasing demand for powered cell culture media in Europe has encouraged several companies to invest in the industry and hire skilled personnel to minimize clinical errors.
In the future, with biotechnology and big data, predictive analysis would help doctors literally predict a heart attack before a person had it. The available data from proteome reported symptoms of the patient, and biosensors could do wonders, which may seem like science fiction. Currently, big data analysis has opened new doors in pediatric cancer by looking at the genetic information of tumors. As the data grows and biotechnology advances, the understanding of the human body and how the external factors affect our help would increase as well. Moreover, it would offer everyone a chance to increase life expectancy and a fighting chance to lead a healthy lifestyle.
Top Leading Players:
- Becton, Dickinson and Company
- Bio-Rad Laboratories Inc.
- Corning Incorporated
- GE Healthcare
- HiMedia Laboratories Pvt., Ltd
- Lonza Group Ltd
- Merck & Co., Inc.
- Sartorius AG
- Thermo Fisher Scientific Inc.
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