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Global Scientific Instruments Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Published Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 26
  • No of Figures: 25

Global Scientific Instruments Market, By Product (Microscopes, Spectrometers, X-ray Diffraction, Thermal Analyzers, Optical Measurement Systems, and Others), Modality (Handheld, Benchtop, Portable, and Others), Application (Clinical and Research), End User (Hospitals, Laboratories, Healthcare Companies, Academic and Research Institutes, and Others), Distribution Channel (Direct Tender, Retail Sales, Online Sales, and Others) – Industry Trends and Forecast to 2030.

Scientific Instruments Market

Scientific Instruments Market Analysis and Size

Scientific instruments are essential tools for research and development activities across various fields, including pharmaceuticals, biotechnology, materials science, and environmental science. As research becomes more complex and interdisciplinary, the demand for advanced and specialized instruments continues to rise. Rapid advancements in technology have led to the development of more sophisticated and precise scientific instruments. These innovations enhance the capabilities of researchers, allowing them to conduct experiments and gather data with higher accuracy and efficiency. Governments, private organizations, and academic institutions have been increasing their funding for scientific research. This increased funding has translated into higher demand for scientific instruments to support research projects and studies.

Scientific Instruments MarketScientific Instruments Market

Data Bridge Market Research analyzes that the global scientific instruments market is expected to reach the value of USD 61,109,803.02 thousand by 2030, at a CAGR of 4.7% during the forecast period. This market report also covers pricing analysis and technological advancements in depth.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand

Segments Covered

Product (Microscopes, Spectrometers, X-ray Diffraction, Thermal Analyzers, Optical Measurement Systems, and Others), Modality (Handheld, Benchtop, Portable, and Others), Application (Clinical and Research), End User (Hospitals, Laboratories, Healthcare Companies, Academic and Research Institutes, and Others), Distribution Channel (Direct Tender, Retail Sales, Online Sales, and Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Denmark, Norway, Sweden, Poland, Finland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, New Zealand, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain, and Rest of Middle East and Africa

Market Players Covered

Merck KGaA, DH Life Sciences, LLC., Thermo Fisher Scientific Inc., ZEISS International, Waters Corporation, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., PerkinElmer Inc., Bruker, Thorlabs, Inc., Malvern Panalytical Ltd., HORIBA, Ltd., Promega Corporation, EVIDENT, Anton Paar GmbH, Ocean Insight , Rigaku Corporation, Hitachi High-Tech Analytical Science, LABINDIA ANALYTICAL INSTRUMENTS PVT. LTD., Panomex Inc., and Nikon Instruments Inc.

Market Definition

Scientific instruments can vary greatly in complexity and purpose. They can include devices as simple as thermometers and microscopes, to highly advanced equipment such as electron microscopes, mass spectrometers, DNA sequencers, and particle accelerators. These instruments are used in academic and research institutions, government agencies, pharmaceutical and biotechnology companies, environmental monitoring organizations, and many other sectors involved in scientific exploration and analysis.

Global Scientific Instruments Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

  • Advancements in Healthcare and Medical Research

Advancements in healthcare and medical research have significantly contributed to the growth of the scientific instruments market in several ways. These advancements create demand for sophisticated tools and technologies that enable researchers, clinicians, and healthcare professionals to conduct more accurate and comprehensive analyses. The move toward precision medicine, which tailors medical treatments to individual patients based on their genetic makeup and other factors, requires advanced diagnostic tools. Scientific instruments such as genetic sequencers, molecular analyzers, and biomarker detection systems are crucial for identifying genetic variations and other factors that influence individual responses to treatments.

Genomic and proteomic research involves analyzing DNA, RNA, proteins, and other molecules to understand disease mechanisms and develop targeted therapies. High-throughput sequencing platforms, mass spectrometers, and other advanced instruments are essential for deciphering complex biological processes.

  • Increasing Drug Development and Innovations

Drug development requires a deep understanding of molecular interactions, biological processes, and disease mechanisms. Scientific instruments offer researchers the tools to conduct intricate experiments, analyze complex data, and gain insights that are essential for developing new drugs and therapies. The process of identifying potential drug candidates involves screening large libraries of compounds for their biological activity. High-throughput screening instruments enable researchers to test thousands of compounds quickly and efficiently, accelerating the drug discovery process.

Innovations in genomics and proteomics have revolutionized drug development by enabling researchers to study genes, proteins, and their interactions. Instruments such as DNA sequencers, mass spectrometers, and gene expression analyzers provide critical information for designing targeted therapies. Understanding the three-dimensional structure of biomolecules is essential for designing drugs that can interact with specific molecular targets. Instruments such as X-ray crystallography equipment and nuclear magnetic resonance (NMR) spectrometers help researchers visualize and analyze these structures.

Scientific Instruments Market

Opportunity

  •  Rising Investments in the Healthcare Sector for Scientific Instrument

The rising investment in the healthcare sector directed towards scientific instrument products is presenting a promising opportunity for the scientific instruments market. The healthcare industry relies on advanced scientific instruments for diagnostics, research, and treatment, and the growing financial commitment to this sector is driving significant growth potential.

The increasing demand for precision medicine and personalized healthcare have also contributed to the rising investments in this sector. The need for accurate diagnostics and monitoring instruments intensifies as medical treatments become more tailored to individual patients. Scientific instruments such as microscopes, spectrometer systems play a pivotal role in enabling precise diagnostics and treatment strategies. This demand is fueling investment in research and development to create innovative and efficient instruments that can cater to these emerging healthcare trends.

Scientific instruments play a crucial role in drug discovery, development, and testing. As pharmaceutical companies strive to bring new treatments to market efficiently, investments in high-throughput screening systems, spectrometers, and analytical instruments are essential to accelerate research timelines and enhance drug efficacy assessment.

Investments in healthcare-driven scientific instruments are fostering innovation as well. Stakeholders pour resources into research and development, and breakthroughs in instrument design, miniaturization, and automation are being achieved. These innovations enhance instrument performance, accessibility, and ease of use, making them more applicable in various healthcare settings, including point-of-care facilities and remote areas.

Restraint/Challenge

  • Economic Fluctuations

Economic fluctuations can restrain the growth of the global scientific instruments market by influencing purchasing decisions, research funding, and investment in new technologies. During economic downturns, governments, academic institutions, and private organizations may cut back on research funding. This can directly affect the budgets available for purchasing scientific instruments and conducting research projects. Organizations, including research institutions and industrial laboratories, may face budget constraints during economic downturns. This can lead to delays or cancellations in the acquisition of new scientific instruments, affecting market growth.

Companies and institutions might delay or defer capital expenditures, including investments in expensive scientific instruments until economic conditions stabilize. Industries that heavily rely on scientific instruments, such as pharmaceuticals, may experience reduced demand for new products during economic downturns. This can affect the demand for instruments used in research and development. Economic uncertainty can lead to reduced availability of venture capital and private investment, impacting the funding available for startups and innovative companies in the scientific instruments sector.

Recent Developments

  • In June 2023, ZEISS International introduced a new integrated system for serial block-face imaging. The newly introduced ZEISS Volutome is an in-chamber ultramicrotome for ZEISS field emission scanning electron microscopes (FE-SEM). It is designed to image the ultrastructure of biological, resin-embedded samples in 3D in life sciences. This has helped the company to strengthen its product portfolio.
  • In March 2023, Merck KGaA and Intel Corporation are enabling more sustainable semiconductor manufacturing solutions by funding a new academic research program in Europe.
  • In February 2023, Thermo Fisher Scientific Inc., the world leader in serving science, and Celltrio, a leading manufacturer of robotics-based solutions for the life sciences industry, announced their collaboration to bring a fully automated cell culture system to bio-therapeutics customers.
  • In January 2023, SCIEX (a part of the Danaher Family) launched the Fast Glycan Labeling and Analysis kit for quantitative glycan analysis and an update for Biologics Explorer software to enhance critical protein therapeutic analysis workflows. With these new additions, SCIEX continues to expand its ability to support the characterization of complex and next-generation biopharmaceuticals in different parts of the drug development pipeline.
  • In December 2022, Merck announced a research collaboration and commercial license agreement with Mersana Therapeutics, Inc., Cambridge, Massachusetts, USA, to discover novel antibody-drug-conjugates (ADCs).

Global Scientific Instruments Market Scope

The global scientific instruments market is segmented into five notable segments based on product, modality, application, end user, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Microscopes
  • Spectrometers
  • X-ray Diffraction
  • Thermal Analyzers
  • Optical Measurement Systems
  • Others

On the basis of product, the market is segmented into microscopes, spectrometers, x-ray diffraction, thermal analyzers, optical measurement systems, and others.

 Modality

  • Handheld
  • Benchtop
  • Portable
  • Others

On the basis of modality, the market is segmented into handheld, benchtop, portable, and others.

Application

  • Clinical
  • Research

On the basis of application, the market is segmented into clinical and research.

End User

  • Hospitals
  • Laboratories
  • Healthcare Companies
  • Academic and Research Institutes
  • Others

On the basis of end user, the market is segmented into hospitals, laboratories, healthcare companies, academic and research institutes, and others.

Distribution Channel

  • Direct Tender
  • Retail Sales
  • Online Sales
  • Others

On the basis of distribution channel, the market is segmented into direct tender, retail sales, online sales, and others.

Scientific Instruments Market

Global Scientific Instruments Market Regional Analysis/Insights

The global scientific instruments market is analyzed and market size insights and trends are provided by country, product, modality, application, end user, and distribution channel.

The countries covered in the global scientific instruments market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Denmark, Norway, Sweden, Poland, Finland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, New Zealand, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Oman, Qatar, Bahrain, and Rest of Middle East and Africa.

North America is expected to dominate the market with the largest market share due to advancements in healthcare and medical research. The U.S. is expected to dominate the market in the North America region due to increasing drug development and innovations. Germany is expected to dominate the market with the largest market share in the Europe region due to increasing demand for personalized medicines. Japan is expected to dominate the market in the Asia-Pacific region with the largest market share due to Rising demand for automation and high precision.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Scientific Instruments Market

Competitive Landscape and Global Scientific Instruments Market Share Analysis

The global scientific instruments market competitive landscape provides details of the competitors. Details included are company overview, company financials, revenue generated, market potential, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major market players operating in the market are Merck KGaA, DH Life Sciences, LLC., Thermo Fisher Scientific Inc., ZEISS International, Waters Corporation, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc.PerkinElmer Inc.Bruker,Thorlabs, Inc., Malvern Panalytical Ltd.,HORIBA, Ltd., Promega Corporation, EVIDENT, Anton Paar GmbH, Ocean Insight, Rigaku Corporation, Hitachi High-Tech Analytical Science, LABINDIA ANALYTICAL INSTRUMENTS PVT. LTD., Panomex Inc., Nikon Instruments Inc., among others.


SKU-

TABLE 1 GLOBAL SCIENTIFIC INSTRUMENTS MARKET, BY PRODUCT, 2021-2030 (USD THOUSAND)

TABLE 2 GLOBAL MICROSCOPES IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 3 GLOBAL SPECTROMETERS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 4 GLOBAL X-RAY DIFFRACTION IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 5 GLOBAL THERMAL ANALYZERS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 6 GLOBAL OPTICAL MEASUREMENT SYSTEMS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 7 GLOBAL OTHERS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 8 GLOBAL SCIENTIFIC INSTRUMENTS MARKET, BY MODALITY, 2021-2030 (USD THOUSAND)

TABLE 9 GLOBAL HANDHELD IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 10 GLOBAL BENCHTOP IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 11 GLOBAL PORTABLE IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 12 GLOBAL OTHERS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 13 GLOBAL SCIENTIFIC INSTRUMENTS MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)

TABLE 14 GLOBAL CLINICAL IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 15 GLOBAL RESEARCH IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 16 GLOBAL SCIENTIFIC INSTRUMENTS MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 17 GLOBAL HOSPITALS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 18 GLOBAL LABORATORIES IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 19 GLOBAL HEALTHCARE COMPANIES IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 20 GLOBAL ACADEMIC AND RESEARCH INSTITUTES IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 21 GLOBAL OTHERS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 22 GLOBAL SCIENTIFIC INSTRUMENTS MARKET, BY DISTRIBUTION CHANNEL, 2021-2030 (USD THOUSAND)

TABLE 23 GLOBAL DIRECT TENDER IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 24 GLOBAL RETAIL SALES IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 25 GLOBAL ONLINE SALES IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 26 GLOBAL OTHERS IN SCIENTIFIC INSTRUMENTS MARKET, BY REGION, 2021-2030 (USD THOUSAND)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

Scientific Instruments Market will be worth USD 61,109,803.02 thousand by 2030.
The growth rate of the Scientific Instruments Market is 4.7% during the forecast period by 2030.
Advancements in Healthcare and Medical Research and Increasing Drug Development and Innovations are the growth drivers of the Scientific Instruments Market.
Product, modality, application, end user, and distribution channel are the factors on which the Scientific Instruments Market research is based.
ZEISS International introduced a new integrated system for serial block-face imaging and Merck KGaA and Intel Corporation are enabling more sustainable semiconductor manufacturing solutions by funding a new academic research program in Europe are the latest developments in the Scientific Instruments Market.
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