Life Science Instrumentation Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Technology (Spectroscopy, Chromatography, Flow Cytometry, Others), By Application (Analytical Chemistry, Clinical Analysis, Environmental Testing, Food & Beverage Analysis, Others), By End Users (Hospitals, Research Institutes, Diagnostic Laboratories, Others), And By Geography - Forecasts From 2019 To 2024
- Published : May 2021
- Report Code : KSI061611899
- Pages : 111
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The life science Instrumentation market is projected to grow at a CAGR of 6.41% to reach US$63.982 billion by 2024, from US$44.073 billion in 2018. Instrumentation in life science holds a great advantage and opportunity for innovation and better quality treatment for patients. It can address different aspects that hold the key to cutting-edge research and innovative applications in the biotechnology and pharmaceutical industries among others. It is also used in the food and beverage industry and in the monitoring of the manufacturing process.
The demand for the life science instrumentation market is driven by the increasing investment by the pharmaceutical industry players for drug discovery and development, as it involves the use of the instruments. The demand is also driven by the rise in the increasing incidences of infectious diseases. The growing food and beverage industry attributes the growth of the demand in the market owing to the increasing consciousness among consumers about health. Moreover, the growing proteomics market and the increasing environmental concern have also supported the market. Furthermore, the increasing research and development by the key market players will lead to the life science instrumentation market size in the coming years.
Key Developments
Bruker Corporation launched the novel INVENIO X Fourier Transform Infrared system for research in molecular spectroscopy on 25 September 2019.
Bio-Rad Laboratories Inc. announced the innovative technology platform, BioPlex 2200Lyme Total Assay, to aid in the diagnosis of Lyme disease after receiving US FDA clearance.
The life science instrumentation market has been segmented based on technology, application, end-user, and geography. By technology, the market has been classified as spectroscopy, chromatography, flow cytometry, and others. By application, the market has been segmented as Analytical Chemistry, Clinical Analysis, Environmental Testing, Food & Beverage Analysis, and Others. By the end-user, the market has been segmented as Hospitals, Research Institutes, Diagnostic Laboratories, and Others.
Life Science Instrumentation Market Scope:
| Report Metric | Details |
| Market size value in 2018 | US$44.073 billion |
| Market size value in 2024 | US$63.982 billion |
| Growth Rate | CAGR of 6.41% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Technology, Application, End-User, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Shimadzu Corporation, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, PerkinElmer, Inc., Danaher Corporation, Hitachi High-Technologies Corporation , Thermo Fisher Scientific Inc., Bruker Corporation, General Electric Company |
| Customization scope | Free report customization with purchase |
Segmentation:
- By Technology
- Spectroscopy
- Chromatography
- Flow Cytometry
- Others
- By Application
- Analytical Chemistry
- Clinical Analysis
- Environmental Testing
- Food and Beverage Analysis
- Others
- By End-User
- Hospitals
- Research Institutes
- Diagnostic Laboratories
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Others
- Middle East and Africa
- Israel
- South Africa
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
Shimadzu Corporation
Bio-Rad Laboratories, Inc.
Becton, Dickinson and Company
PerkinElmer, Inc.
Danaher Corporation
Hitachi High-Technologies Corporation
Thermo Fisher Scientific Inc.
Bruker Corporation
General Electric Company
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