Life Science and Analytical Instruments Market Overview

The global life science and analytical instruments market was valued at USD 36.5 billion in 2016, according to the latest research report from Market Research Future (MRFR). Growing at a robust 7%CAGR over the forecast period from 2022 to 2030, the market is expected to rise to a valuation of USD 56.7 billion, according to the MRFR study. The report presents a clear profile of the market, including competitive dynamics, major drivers, restraints, and other economic factors having a key impact on the market, and the leading players operating in the market. Key events in the markets history over the review period are also analyzed in the report to provide readers with some background. A detailed projection for the markets growth trajectory over the forecast period from 2022 to 2030 is presented in the report.

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On the other hand, the pandemic has been opportune for the consumer health segment of the life sciences industry, as more and more consumers are stocking up on various over-the-counter medicines along with sanitizers. In the long run, the life science & analytical instruments market can emerge stronger, in light of the rising interest of consumers in items that support hygiene, health and wellbeing. Another major trend in recent times can be the escalated use of digital technologies, altering the way healthcare professionals interact with patients by facilitating better care. Speaking of digital technologies, drones are observing rampant demand in the healthcare industry, as they are used for delivering various drugs with self-administration potential.increasing proteomics market, increasing environmental safety concerns, rising need for analytical instruments from different industries, immense growth opportunities for the Life Science and Analytical Instruments Market players, increasing demand for life science instruments in emerging nations, growing number of biotechnology firms, elevated drug discovery, changing demographics, prevalence of chronic ailments and expanding aging population. On the contrary, factors such as soaring cost of instruments and availability of alternative technologies may hamper the growth of the life science and analytical instruments market.

Analytical instruments have captured a considerable share in the global market over the years, following the expanding patient populace with diabetes, heart-related issues and cancer. This scenario has boosted the need for accurate and advanced diagnostic analytical tools. The massive pool of middle and small-sized firms in the market like Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Qiagen N.V. and Bio-Rad Laboratories, Inc., design and offer a variety of analytical instruments that accurately diagnose diseases, while providing efficient patient care with high speed and ease of use.

Life Science and Analytical Instruments Market Players

PerkinElmer Inc. (the U.S.),General Electric Company (U.S.),Danaher (U.S.),Thermo Fisher Scientific (U.S.),Agilent Technologies Inc. (U.S.),Qiagen (Germany),Shimadzu Corporation (Japan),Becton Dickinson and Company (U.S.),Merck KGAA (Germany)

Life Science and Analytical Instruments Market Regional Analysis

Region-wise, the global life science and analytical instruments market is distributed into Asia Pacific, Europe, North America, and the Rest-of-the-World.

The North America region witnesses a vast development in drug discovery research, along with an increasing number of research studies, and expansion of industrial sector, leading to its leading position in the global life science & analytical instruments market. In addition, other factors such as the presence of well-known players alongside the growing focus in the field of research for the life science products propel the market growth in the region. furthermore, the rapid pace of advancements in technologies in the region provide the region an edge over other regions. The United States (US) backed by massive investments in the life science & analytical instruments will lead the regional market in the coming years.

The Europe region has acquired the second position in the global life science & analytical instruments market, as a result of the accelerated demand for the life science products. This demand comes predominately from the expanding pharmaceutical sector in the region, catapulting the growth of the life science & analytical instruments market in the region.

The Asia Pacific region witness major growth in the market with the high uptake of advanced technology. Moreover, the market provides several growth opportunities with the increasing clinical research along with growing government support. Apart from this, the increasing number of testing laboratories and developing agricultural industries are supporting the growth of the regional market as well.

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Life Science and Analytical Instruments Market Segmentation

The Life Science & Analytical Instruments market has been dissected in terms of type, application, and end-user

The types covered in the market study include centrifuges, spectroscopy, microscopy, cell counting, next-generation sequencing, flow cytometry, electrophoresis, PCR, chromatography, and more.

Clinical and diagnostics applications, research applications and others are the main applications of life science & analytical instruments.

With respect to the end-user segment, the market caters to pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, among others.

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