LIFE SCIENCE INSTRUMENTATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global life science instrumentation market refers to the scientific instruments, devices, equipment, and consumables that aid in scientific experimentation and research activities related to life sciences streams such as biology, bioengineering, biotechnology, medicine, healthcare, and other clinical areas. Life science instrumentation is extensively used in pharmaceutical, biotechnology, clinical testing laboratories, and applied industries as well as in academic and research institutes. Some key types of life science instrumentation include microarray equipment, PCR equipment, spectrometers, chromatography equipment, electrophoresis equipment, flow cytometry equipment, clinical chemistry analyzers, and tissue processing equipment among others. Rising demand for drug discovery, increasing focus on precision medicine, growing biomedical & clinical analysis needs have been driving the growth of the life science instrumentation market globally.

Market Dynamics:

The global life science instrumentation market has been witnessing noteworthy growth in revenue over the recent past, driven by factors such as increasing R&D investments in pharmaceutical and biotechnology industries, greater focus on precision medicine, growing demand for disease diagnosis and drug discovery research, technological advancements introducing novel instrument types, rising government healthcare expenditures, and the growing geriatric population pool prone to various diseases worldwide. However, the market growth has also been restricted to some extent by high costs associated with innovative life science instrumentation technologies and lack of skilled professionals to efficiently operate advanced instrumentation in emerging countries. On the flip side, growing applications of analytical instruments in areas such as proteomics and genetics is expected to create significant opportunities for market players in the coming years.

Key Features of the Study:

• This report provides in-depth analysis of the global life science instrumentation market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global life science instrumentation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Agilent Technologies, Becton, Dickinson and Company, Bio-Rad Laboratories, Bruker Corporation Danaher Corporation, F. Hoffmann-La Roche Ltd, Illumina, Inc., PerkinElmer Inc., Shimadzu Corporation, and Thermo Fisher Scientific, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global life science instrumentation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global life science instrumentation market.

Detailed Segmentation-

•  By Technology
  
  • Polymerase Chain Reaction (PCR)
  • Next Generation Sequencing
  • Immunoassay
  • Flow Cytometry
  • Spectroscopy
  • Electrophoresis
  • Chromatography
  • Centrifuges
  • Other Technologies 
• By End User
  
  • Hospitals and Diagnostic Centers
  • Pharmaceutical and Biotechnology Companies
  • Contract Research Organization (CRO)
  • Academia and Research Institutes
• By Application
  
  • Clinical & Diagnostic
  • Research
  • OthersOrganization (CRO)
  • Academia and Research Institutes
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Agilent Technologies
  • Danaher Corporation
  • Thermo Fisher Scientific Inc.
  • Becton, Dickinson and Company (BD)
  • Bio-Rad Laboratories, Inc.
  • Bruker Corporation
  • Waters Corporation
  • GE Healthcare
  • Shimadzu Corporation
  • PerkinElmer Inc.
  • Illumina, Inc.
  • Qiagen N.V.
  • Merck KGaA
  • Abbott Laboratories
  • Hitachi High-Technologies Corporation
  • Roche Diagnostics
  • Beckman Coulter, Inc.
  • Eppendorf AG