Global Life Science Instrumentation Market, By Technology (Spectroscopy, Chromatography, PCR, Immunoassays, Lyophilization, Liquid Handling, Clinical Chemistry Analyzers, Microscopy, Flow Cytometry, Next-Generation Sequencing, Centrifuges, Electrophoresis, Cell Counting, Others), Application (Research Applications, Clinical and Diagnostic Applications, Others), End User (Hospitals and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Agriculture and Food Industries, Environmental Testing Labs, Clinical Research Organizations, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Life Science Instrumentation : Global Life Science Instrumentation Market
Life science instrumentation market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 114.39 billion by 2028 and will grow at a CAGR of 7.35% in the above mentioned forecast period.
Life science instruments are largely used during the drug discovery for the analytical procedures and also during method validation. A lot of new technologies are used today for the drug development.
The increasing incidence of target infectious diseases and genetic disorders is amongst the important factors intensifying the growth and demand of life science instrumentation market. In addition, the high adoption of flow cytometry techniques in research and academia and growing outsourcing of sterilization services are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the declining costs of genome sequencing as well as rising use of capillary electrophoresis with mass spectroscopy are also enhancing the growth of the market. Furthermore, the increasing incidence of hospital-acquired infections and rapid advancements in NGS platforms are also one of the significant factors fueling the growth of the life science instrumentation market. Increasing investments in pharmaceutical R&D will make sure high industry growth over the forecast period.
The growing demand for analytical instruments, high growth of the pharmaceutical and biotechnology industries and widening application scope of analytical instruments are offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the high cost of instruments, lack of skilled professionals along with technical limitations related with qPCR and dPCR techniques and high cost of advanced microscopes will curb the growth of the life science instrumentation market, whereas the insufficient infrastructure for research in emerging countries and pricing pressure has the potential to challenge the growth of the life science instrumentation market.
This life science instrumentation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on life science instrumentation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Life Science Instrumentation Market Scope and Market Size
Life science instrumentation market is segmented on the basis of technology, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology, the life science instrumentation market is segmented into spectroscopy, chromatography, PCR, immunoassays, lyophilization, liquid handling, clinical chemistry analyzers, microscopy, flow cytometry, next-generation sequencing, centrifuges, electrophoresis, cell counting and others. Spectroscopy has further been segmented into mass spectrometers, molecular spectrometers and atomic spectrometers. Chromatography has further been segmented into liquid chromatography (LC) systems, gas chromatography (GC) systems, supercritical fluid chromatography (SFC) Systems and thin-layer chromatography (TLC) systems. PCR has further been segmented into qPCR and dPCR. Lyophilization has further been segmented into tray-style freeze dryers, manifold freeze dryers and shell (rotary) freeze dryers. Liquid handling has further been segmented into electronic liquid handling systems, automated liquid handling systems and manual liquid handling systems. Microscopy has further been segmented into optical microscopes, electron microscopes, scanning probe microscopes and others. Flow cytometry has further been segmented into cell analyzers and cell sorters. Centrifuges have further been segmented into micro-centrifuges, multipurpose centrifuges, floor-standing centrifuges and ultra -centrifuges. Electrophoresis has further been segmented into gel electrophoresis systems and capillary electrophoresis systems. Cell counting has further been segmented into automated cell counters and hemocytometers and manual cell counters. Others have further been segmented into laboratory freezers, heat sterilization, microplate systems, laboratory balances, colorimeters, incubators, fume hoods, robotic systems, ph meters, conductivity and resistivity meters, dissolved Co2 and O2 meters, titrators, gas analyzers, Toc analyzers, thermal analyzers and shakers/rotators and stirrers. Heat sterilization has further been sub-segmented into moist heat/steam sterilization instruments and dry heat sterilization instrumentation. Microplate systems have further been sub-segmented into microplate readers, microplate dispensers and microplate washers. Robotic systems have further been sub-segmented into robotic arms and track robot systems.
- Based on application, the life science instrumentation market is segmented into research applications, clinical and diagnostic applications and others.
- The end user segment of life science instrumentation market is segmented into hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, academic and research institutes, agriculture and food industries, environmental testing labs, clinical research organizations and others.
Life Science Instrumentation Market Country Level Analysis
Life science instrumentation market is analyzed and market size insights and trends are provided by country, technology, application and end user as referenced above.
The countries covered in the life science instrumentation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the life science instrumentation market owing to the presence of major key players as well as increasing product launches within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid increase in outsourcing activities in life science division as well as the growing pharmaceutical industry in India and China within this particular region.
The country section of the life science instrumentation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Life science instrumentation market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for life science instrumentation market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the life science instrumentation market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Life Science Instrumentation Market Share Analysis
Life science instrumentation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to life science instrumentation market.
The major players covered in the life science instrumentation market report are Agilent Technologies, Inc., BD, QIAGEN, Bio-Rad Laboratories, Inc., Bruker, Danaher, Eppendorf AG,Cytiva,Hitachi High-Tech Corporation, HORIBA, Ltd.,Merck KGaA, PerkinElmer, Inc., Thermo Fisher Scientific, Inc.,GENERAL ELECTRIC COMPANY, Shimadzu Corporation, Waters Corporation,bioMérieux SA,JEOL Ltd.,Tecan Trading AG and Sigma Laborzentrifugen GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.