Life science analytical instruments are tools used in diagnosis, testing, and identification of pathogens in samples. The utilization of life science instruments for clinical research and large budget for expanding efforts in research and development can bode well in healthcare and life sciences sectors. The global life science analytical instruments market report by Market Research Future (MRFR) contains insights on the various tools, methods, and its respective applications.
Life Science & Analytical Instruments Market Overview
The global life science analytical instruments market is expected to exhibit a stellar growth rate of 6.5% from 2017 to 2023 (forecast period). The market valuation can touch USD 56.7 Bn by 2023. Mushrooming of biotechnology labs, research companies, and biomedical testing companies in developing and developed countries can fuel the market demand till the end of the forecast period.
The market can accrue massive revenue due to increased interest in drug discovery and development, increased spending in research and development in the pharmaceutical sector, and emergence of numerous applications. Prevalence of orphan diseases and the boom in the elderly population are other factors which can buttress the market demand till 2023.
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Life Science & Analytical Instruments Market Segmentation
The global life science analytical instruments market is segmented by type of instruments and end-user.
By type of instruments, it is segmented into Western blotting, spectroscopy, centrifuges, flow cytometry, polymerase chain reaction (PCR), electrophoresis, cell counting instruments, chromatography, microscopy, and others. Spectroscopy and flow cytometry are segments which can account for a large market share due to their need in environmental testing, agriculture, food, pharmaceutical, and biopharmaceutical sectors. Rising cases of cancer and HIV/AIDS can induce the need for flow cytometry in the coming years.
By end-user, it is segmented into research and clinical laboratories, agriculture and food testing industry, pharmaceutical and biotechnology companies, and others. Research and clinical laboratories can account for a significant market share due to increased research activities, rising drug discovery process, and acceptance of new demographics in clinical trials. On the other hand, pharmaceutical and biotechnology companies can account for the lion’s share in the market due to rise in drug development activities and production of proteins.
Life Science & Analytical Instruments Market Regional Analysis
Geographically, the life science analytical instruments market is segmented into the Middle East & Africa (MEA), Asia Pacific (APAC), Europe, and North America.
North America is projected to dominate in the market due to efforts in research and development and considerable investment by life sciences, pharmaceutical, and biotechnology sectors. Development of drug discovery can expedite the demand of life science analytical instruments. Presence of reputed players and inclination towards research in life science tools as well as influx of capital in the U.S. can boost the global market growth.
On the other hand, the APAC region is expected to exhibit the fastest growth rate during the forecast period due to development of research studies and increased government support. Establishment of agricultural labs and testing labs can drive the regional market growth. Lax policies for setting up R&D units in Brazil, India, and other developing countries can provide opportunities to the regional life science analytical instruments market.
Europe can contribute a massive proportion to the global revenue due to the expansion of the pharmaceutical sector in the region. Need for active pharmaceutical ingredients are likely to propel market demand.
Life Science & Analytical Instruments Market Competition
Danaher Corporation, Dynalabs, Avance Biosciences, Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd., Avista Pharma Solutions, Shimadzu Corporation, Bio-Rad Laboratories, Inc., Charles River Laboratories International, Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Waters Corporation, Paragon Bioservices, Inc, Thermo Fisher Scientific, Inc., Bruker Corporation, Merck KGaA, and others are major players within the life science analytical instruments market.
Players are engaged with mergers, acquisitions, partnerships, and new product launches to gain leverage over the competition.
TABLE OF CONTENTS
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5. GLOBAL LIFE SCIENCE AND ANALYTICAL INSTRUMENTATION MARKET, BY TYPES OF INSTRUMENTS
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