Life Science Products Market Witnesses M&A of Companies Manufacturing Viral Vectors Used In Gene Therapeutics and Vaccines
Products in the life science products market are used in many aspects of life and are grouped into two main categories: general biology and genomics. Genomics refers to the studying of hereditary characteristics or hereditary disorders. These types of products are essential in human health and wellbeing because of their advances in the field of medicine and genetic engineering have helped people living in modern society live longer, healthier lives.
The most common products in the life science products market are used to promote health, enhance quality of life, prolong life, or prevent disease. Therapies can be single treatments, multiple treatments, or a combination of treatments. Therapies can be administered by medical professionals such as doctors and nurses, or by independent practitioners and patients themselves. Diagnostic kits include blood tests, urinalysis, and blood culture techniques to help with determining disease and other biological information relevant to the treatment of the individual.
To advance the life science research products and treatments that we use and rely on, there are many players in the life science products markets involved in the business of developing, manufacturing, and distributing products ranging from anti-ageing skin care products to cancer detection and treatments. A few examples of these include: Astra Zeneca, Novartis, Janssen, Sanofi Aventis, and Zeneca. These companies have been successful in introducing a variety of new life science products into the market.
Some of the products in the life science products market for diagnostic purposes include: gene mapping, metabolic assays, proton exchange and electron spin coupling spectroscopy, metabolite sensing, and whole genome sequencing. Many life science products are applied in research laboratories and clinical settings. Examples of these include: embryo transfer, organ transplantation, blood cell transplantation, and cervical cancer testing. Some of the specific applications of the above products in clinical settings include: cancer identification and treatment, diagnosis and prognosis, and immunology assays. Some life science products are now used in the field of bioinformatics to automate genetic analysis, heavy mineral analysis, and protein profiling.
Emergence of Covid-19 has prompted extensive research in vaccines. This in turn has led to M&A of companies that manufacture viral vectors that are used in gene therapeutics and vaccines. For instance, in July 2021, Sartorius, a major player in the life science products market, through its subgroup Sartorius Stedim Biotech, acquired cell culture specialist Xell AG headquartered in Bielefeld, Germany.
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