Global Life Science Instrumentation
Market Report
2024
As per the Cognative Market Research's latest report, The Global Life Science Instrumentation market was valued at USD 56.72 billion in 2022 and will reach USD 106.39 billion, with a CAGR of 9.40 % from 2022 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per the Cognative Market Research's latest report, The Global Life Science Instrumentation market was valued at USD 56.72 billion in 2022 and will reach USD 106.39 billion, with a CAGR of 9.40 % from 2022 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Life Science Instrumentation Market Sales Revenue 2022 | $ 56.72 Billion |
Global Life Science Instrumentation Market Sales Revenue 2030 | $ 106.39 Billion |
Global Life Science Instrumentation Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.4% |
Market Split by Technology |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Life Science Instrumentation Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Life science, also known as biological science, which includes the science concerned with the study of life and organisms such as plants, bacteria, and animals, including humans. The life sciences focus on what happens to all or many aspects of life, such as the anatomy of the body and genetics. It is also an important part of life sciences such as microscopic scale, molecular biology, and biochemistry, and can also be extended to a larger scale such as cytology, behavior, disease prevention, pharmacy, and ecology. Life science is a broad term that can be used to describe many programs in the development of new products that contribute to the health of humans and other organisms. One of the main factors contributing to the growth of the life science instrumentation market is the increasing incidence of target infectious diseases and genetic disorders. However, the high cost of instruments and lack of skilled professionals will act as restraints for the life science instrumentation market during the forecast period. North America is going to dominate the Life Science Instrumentation market.
The pharmaceutical industry focuses and invests in research to develop protein products. Drug development and its manufacturing pass through many types of clinical trials. Analytical tools for analysis of drug molecules, protein analysis and purification, and quality control. Protein identification and isolation are important steps in drug development. The technology helps process the molecules and ensure they are safe and clean. Emerging markets have also seen an increase in foreign direct investment and government investment in pharmaceutical R&D in recent years. Therefore, increased R&D spending in life sciences, medicine and biotechnology is likely to increase the use of life science instrumentation.
Recent technological advances and additional features have increased the cost of life science instruments. As automation comes into play with the help of artificial intelligence, the cost of these systems continues to increase. New cutting-edge equipment takes less time and provides users with accurate results, but is often costly. There are also recurring expenses in the form of maintenance costs that ultimately increase the total cost of ownership. these devices due to limited resources. This high cost makes users dependent on government and private research funding, which somehow restrain the life science instrumentation market growth.
COVID-19 had a positive impact on the Life Science Instrumentation market. This is happening due to the treatment and to stop the spread of virus, various pharmaceutical companies and labrotaries use automation and robotic technologies which play an essential role in accelerating manual and redundant tasks. The drug devlopers are continuosly working on the development of vaccines and other treatment options for the virus.
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Thermo Fisher Scientific presents the Thermo Scientific iCAP RQplus ICP-MS Analyzer, a new trace element analyser that simplifies routine analysis in environmental, food, pharmaceutical and industrial laboratories. The company also launched the Thermo Scientific iSC-65 Autosampler to increase the productivity of the Thermo Scientific iCAP Qnova Series ICP-MS Analysers and the Thermo Scientific iCAP PRO Series ICP-OES.
The Waters Alliance is High Performance Liquid Chromatography (HPLC) System brings a new level of simplicity and intelligence to quality control analysis, helping laboratories eliminate up to 40% of errors. The Next Generation HPLC System, together with Waters Empower Chromatography Software and eConnect HPLC Columns, can help laboratories manage operational risk, minimize disruption and increase overall productivity.
Agilent Technologies has announced new liquid chromatography-mass spectrometry (LC-MS) and gas chromatography-mass spectrometry (GC-MS) quadrupole mass spectrometers, which the company says will increase the intelligence developed in the device and provide a new level of instrumentation. Diagnosis. To increase customer service time.
Top Companies Market Share in Life Science Instrumentation Industry: (In no particular order of Rank)
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The Life Science Instrumentation market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America dominates the Life Science Instrumentation market during the forecast period. This is due to growing funding for research, and increasing applications in the healthcare/medical sector, and presence of major players in the region.
The life sciences market in Asia Pacific is expected to grow at the highest CAGR over the forecast period. This is due to growing demand for high-quality and rapid diagnostic tools in developing countries. Additionally, the rise of research in countries like Japan and China is also driving the market.
The current report Scope analyzes Life Science Instrumentation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Life Science Instrumentation Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Life Science Instrumentation Industry growth. Life Science Instrumentation market has been segmented with the help of its Technology, Application End User, and others. Life Science Instrumentation market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of Technology, the Life Science Instrumentation market is segmented into spectroscopy, chromatography, PCR, immunoassays, lyophilization, liquid handling, clinical chemistry analysers, microscopy, flow cytometry, NGS, centrifuges, electrophoresis, cell counting, and other technologies. The spectroscopy segment covers the largest market share. This is due to the use of advanced technology in oncology research and the demand for its better understanding.
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By Application, the Life Science Instrumentation market is segmented into research applications, clinical & diagnostic applications, and other applications. The research application is to achieve the highest growth over the forecast period. This is attributed to the increase in R & D funding at academic institutions, increasing laboratory automation & integration of robotics.
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On the basis of End-User, Life Science Instrumentation market is segmented into hospitals and diagnostic laboratories, pharmaceutical & biotechnology companies, academic & research institutes, agriculture & food industries, environmental testing laboratories, clinical research organizations, and other end users. The hospitals and diagnostic laboratories segment of the life science instrumentation market is expected to grow at the highest CAGR over the forecast period. This is attributed to the increase in the adoption of genomic and proteomic workflows in hospitals for the treatment and diagnosis of clinical abnormalities which increases the growth of life science tools and the increasing adoption of NGS and tissue diagnostic services in hospitals.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Life Science Instrumentation Market is witnessing significant growth in the near future.
In 2023, the Spectroscopy segment accounted for noticeable share of global Life Science Instrumentation Market and is projected to experience significant growth in the near future.
The Research Applications segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Agilent Technologies , Perkinelmer and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Spectroscopy, Chromatography, PCR, Immunoassays, Lyophilization, Liquid Handling, Clinical Chemistry Analysers, Microscopy, Flow Cytometry, NGS, Centrifuges, Electrophoresis, Cell counting, Others |
Application | Research Applications, Clinical & Diagnostic Applications, Other Applications |
End User | Hospitals and Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Agriculture & Food Industries, Environmental Testing Laboratories, Clinical Research Organizations, Others |
List of Competitors | Agilent Technologies, Danaher, Perkinelmer, Shimadzu, Thermo Fisher Scientific, Becton Dickinson, Bio Rad Laboratories, Bruker, Waters Corporation, GE Healthcare, Hitachi High Technologies, Merck Kgaa, Qiagen, Horiba, Eppendorf |
This chapter will help you gain GLOBAL Market Analysis of Life Science Instrumentation. Further deep in this chapter, you will be able to review Global Life Science Instrumentation Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Life Science Instrumentation market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Spectroscopy have a significant impact on Life Science Instrumentation market? |
What are the key factors affecting the Spectroscopy and Chromatography of Life Science Instrumentation Market? |
What is the CAGR/Growth Rate of Research Applications during the forecast period? |
By type, which segment accounted for largest share of the global Life Science Instrumentation Market? |
Which region is expected to dominate the global Life Science Instrumentation Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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