Biochemical Reagents Market experiencing steady growth driven by 2037
The Biochemical Reagents Market has witnessed significant momentum in recent years, with expanding applications across diagnostics, therapeutics, and life sciences research. In 2024, the market was valued at USD 34.5 billion, and it is projected to escalate to USD 98.1 billion by 2037 rising at CAGR of approximately 8.3% during the forecast period from 2025 to 2037. The market's robust trajectory is underpinned by rising healthcare expenditures, continuous innovation in molecular biology tools, and increasing biopharmaceutical research activity worldwide.