Discovering new chemical equations
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Discovering new chemical equations

6:45 AM, 21st November 2017
Discovering new chemical equations
The laboratory chemicals market is growing primarily due to increasing usage in basic research applications, coupled with large-scale commercial applications. (File photo)

By Debarati Das

Be it medicine, agriculture or addressing environmental issues, the chemical industry is constantly trying to find a better combination of formulae to bring in a significant change to the society. Laboratory chemicals is becoming more and more important to the industry with rejuvenated boost for research.

The future of the world’s dynamics heavily depends on innovation. Every country, every company and every scientist today, is aiming to develop path-breaking technologies, medicines and innovative researchers that will change the course of science and unveil new solutions. Innovation is the key to every industry’s growth and research and development is being given more and more importance today. And hence, laboratory chemicals are witnessing significant growth.

By definition, laboratory chemicals are compounds or substances that enable a chemical reaction, which help to either measure, detect, or manufacture other chemical substances. These chemicals are extensively used on a large scale for commercial applications, as well as, research and development purposes.

The laboratory chemicals market is growing primarily due to increasing usage in basic research applications, coupled with large-scale commercial applications. Moreover, growing interest of the world scientific community in such chemicals is anticipated to escalate the growth of the laboratory chemicals market.

Healthcare sectors is one of the fastest growing sectors in this field with fast advancements in technologies such as cell culture, recombinant DNA, and bio-therapeutics which has enhanced the scientific community’s ability to identify and produce important human therapeutic agents over the years. Other fields such as neurosciences and proteomics are also expected to help drive the market growth in the future.

Antibodies are becoming increasingly significant diagnostic and therapeutic tool for targeting diseased cells and cell compounds. A huge array of new antibodies is entering the market offering effective treatment for a range of diseases. The market for monoclonal antibodies is expanding rapidly throughout the world since it offers effective treatment of diseases that include infectious diseases, cardiovascular diseases, inflammatory diseases, as well as cancer, and autoimmune diseases. The increasing launch of new monoclonal antibody therapeutic products will give an additional boost to lab chemical market.

Molecular biology is yet another area which constitutes the largest application area of laboratory chemical. Molecular biology, which is a study of the interaction of macromolecules present in living cells, utilises reagents of classes such as monoclonal & polyclonal antibodies; gene expression, vectors, cloning & sequencing; and gene synthesis, among others. According to reports, cytokine & chemokine testing will become one of the fastest growing application areas in the near future.

Geographically, North America holds the largest market share of the global laboratory chemical reagents market due to innovations in the nucleic acid testing procedures, technological advancements and improvements in cell and tissue culture technology. According to reports, advancements in molecular pathology assays will further drive the growth of this market.

However, Asia-Pacific region is anticipated to become the fastest growing region due to the increasing number of new academic centres, pharmaceutical companies, diagnostic centres and a geographical shift of chemical and pharmaceutical businesses to India and China regions. With this, there has been a significant increase in investment in research and development activities enabling more test analysis.

Also increasing clinical research outsourcing activities in the Asian region will further heighten the demand for a chemical lab for measuring drug quality, testing the quality of products in the chemical industry, food industry or biological areas of research and development. Apart from this, Central Asia, Africa and European countries also hold significant growth opportunities for lab chemicals industry.

The scope of lab chemicals is immense; biotechnology, academic segment, non-academic segment and corporate segment, are just some of the end users of laboratory chemical reagents. With rising need for new innovations and passion to discover new solutions, the laboratory chemicals market is sure to witness a gigantic growth.

© Chemical Today Magazine

 

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