Acumen Research and Consulting estimate that the global Life Science Instrumentation market is expected to reach the market value of around US$ 87 Bn by 2028 and is anticipated to grow at a CAGR of around 6.5% in terms of revenue amid the forecast period 2021 - 2028.
Life sciences instrumentation includes different types of instruments and keys to state-of-the-art testing and creative applications. In the fields of life science and engineering, many types of traditional methods have been used. Over the last ten years both in the public and in private sectors, the development of life sciences and chemistry has advanced immensely.
The report provides analysis of global Life Science Instrumentation market for the period 2017-2028, wherein 2021 to 2028 is the forecast period and 2020 is considered as the base year.
Market Insights
Technological progress, increasing capital for life science research, and growing food safety concerns, the global market in life sciences instruments market is growing. In addition, the growing R&D activities in the pharmaceutical and biotechnology industries lead to global business growth. Among the different technologies, the sequence segment of the next generation would be projected to see the fastest growth. Growing use areas for the next generation sequence will have a highly positive impact on the growth of the life science instrumentation market for next-generation sequence production for advanced sequence platforms.
The growing mandate for diagnostic instruments, growing research proteomics and high growth in emerging economies provide ample opportunities to grow on the life science tools market. Global manufacturers of analytical instruments focus on the production of miniaturized instruments, the biggest theme on the world market
The largest market share in life science instrumentation was held by chromatography
Chromatography is an analytical method that tests the quality of specific analytes in a single sample and allows the analysis of certain cases to be quantified. Chromatographic processing is mainly used to analyze liquid compounds and the analytes should be vaporized without decomposition for gas chromatography (GC).
It is widely used for testing the pureness of substances or for separating a mixture into their essential elements. Owing to its potential to deliver excellent properties, such as exact breeding capacity, reproductive and rapid separation, chromatography is a profound tool of analytical chemistry. In other pharmaceutical uses, the chromatography process is used to assess the quantity of chemical in medicines.
The increased use of chromatography testing in drug approvals and increased government spending are seen as leading to demand growth during the projected era.
For example, the US FDA Group I medical equipment, which now include the high performance Vanquish MD Liquid Chromatography system, the TSQ Altis MD mass spectrometer, and the Quantis MD Series mass spectrometer for routine research, were expanded in August 2020 to include the analytical instruments range for clinical Diagnostic Laboratories.
Regional Stance
The North America is projected to be the rising component of the world demand for life sciences and analytical instruments led by the US. The increase in the incidence of chronic diseases, including cancer and life style disorders, the technological development of diagnostic systems, and the growth of the geriatric people, are attributed to the growth of America. In 2018, approximately 1,735,350 new cancer cases were diagnosed across the US according to National Cancer Institute (NCI).
The second largest market share in the projected timeframe is expected for Europe. Western Europe and Eastern Europe further divided the European market for life science & analytical instruments. In Germany, in the UK, Spain, France, and elsewhere in Western Europe, Western Europe has segmented itself. The favorable scenario of the biological and pharmaceutical industries in Germanyand UK is attributed to market growth in the European region, the large and rising number of clinical trials and the presence of a large number of research institutions and academic bodies in that area. According to the PricewaterhouseCoopers AG report on drug discovery and biotechnology in Germany for example, Germany is a strong internationally recognized base for the development of new and efficient compounds for academic institutions and for around 220 companies, large and small.
It is projected that the Asia-Pacific market is increasing at the highest pace due to increased incidence of chronic and acute illnesses such as VIH, diabetes, and cancer, as well as the rise of a significant number of researches organizations, and advancement of the modern healthcare system.
In the life sciences and analytical instruments market, the North East & Africa are projected to grow continuously. In this area, due to countries such as GCC and others, the Middle-East is expected to dominate. In 2020 there was also a comparatively lower market share owing to the growing demand for healthcare services.
Key Players & Strategies
Participants include major global players Bio-Rad Laboratories, Medline Industries Inc, Agilent Technologies, Siemens Healthcare Diagnostics, Becton, Dickinson and Company, Abbott Laboratories, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Roche Diagnostics, Inc., and others.
Market Segmentation
Life Science Instrumentation Market By Type
Chromatography
Electrophoresis
Spectroscopy
PCR
Flow cytometry
Next-Generation Sequencing
Microscopy
Centrifuges
Cell Counting
Others
Life Science Instrumentation Market By End Use
Pharmaceutical and Biotechnology Companies
Hospitals and Diagnostic Laboratories
Others
Life Science Instrumentation Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Life Science Instrumentation
1.1.Definition and Scope
1.1.1.Definition of Life Science Instrumentation
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Life Science Instrumentation Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Life Science Instrumentation Market By Type
1.2.3.Life Science Instrumentation Market By End Use
1.2.4.Life Science Instrumentation Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Market Concentration Ratio and Market Maturity Analysis of Life Science Instrumentation Market
3.5.1.Go To Market Strategy
3.5.1.1.Introduction
3.5.1.2.Growth
3.5.1.3.Maturity
3.5.1.4.Saturation
3.5.1.5.Possible Development
3.6.Technological Roadmap for Life Science Instrumentation Market
3.7.Value Chain Analysis
3.7.1.List of Key Manufacturers
3.7.2.List of Customers
3.7.3.Level of Integration
3.8.Cost Structure Analysis
3.8.1.Price Trend of Key Raw Materials
3.8.2.Raw Material Suppliers
3.8.3.Proportion of Manufacturing Cost Structure
3.8.3.1.Raw Material
3.8.3.2.Labor Cost
3.8.3.3.Manufacturing Expense
3.9.Regulatory Compliance
3.10.Competitive Landscape, 2020
3.10.1.Player Positioning Analysis
3.10.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Manufacturing Plant Analysis
4.1.Manufacturing Plant Location and Establish Date of Major Manufacturers in 2020
4.2.R&D Status and Application Source of Life Science Instrumentation Major Manufacturers in 2020
CHAPTER 5.Life Science Instrumentation Market By Type
5.1.Introduction
5.2.Life Science Instrumentation Revenue By Type
5.2.1.Life Science Instrumentation Revenue (US$ Mn) and Forecast, By Type, 2017-2028
5.2.2.Chromatography
5.2.2.1.Chromatography Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3.Electrophoresis
5.2.3.1.Electrophoresis Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.4.Spectroscopy
5.2.4.1.Spectroscopy Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.5.PCR
5.2.5.1.PCR Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.6.Flow cytometry
5.2.6.1.Flow cytometry Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.7.Next-Generation Sequencing
5.2.7.1.Next-Generation Sequencing Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.8.Microscopy
5.2.8.1.Microscopy Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.9.Centrifuges
5.2.9.1.Centrifuges Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.10.Cell Counting
5.2.10.1.Cell Counting Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.11.Others
5.2.11.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6.Life Science Instrumentation Market Revenue By End Use
6.1.Introduction
6.2.Life Science Instrumentation Revenue (US$ Mn) By End Use
6.2.1.Life Science Instrumentation Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
6.2.2.Pharmaceutical and Biotechnology Companies
6.2.2.1.Pharmaceutical and Biotechnology Companies Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3.Hospitals and Diagnostic Laboratories
6.2.3.1.Hospitals and Diagnostic Laboratories Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.4.Others
6.2.4.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.5.Toxicology Services
6.2.5.1.Toxicology Services Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.6.Others
6.2.6.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7.North America Life Science Instrumentation Market By Country
7.1.North America Life Science Instrumentation Overview
7.2.U.S.
7.2.1.U.S. Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
7.2.2.U.S. Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
7.3.Canada
7.3.1.Canada Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
7.3.2.Canada Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
7.4.North America PEST Analysis
CHAPTER 8.Europe Life Science Instrumentation Market By Country
8.1.Europe Life Science Instrumentation Market Overview
8.2.U.K.
8.2.1.U.K. Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.2.2.U.K. Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.3.Germany
8.3.1.Germany Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.3.2.Germany Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.4.France
8.4.1.France Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.4.2.France Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.5.Spain
8.5.1.Spain Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.5.2.Spain Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.6.Rest of Europe
8.6.1.Rest of Europe Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.6.2.Rest of Europe Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.7.Europe PEST Analysis
CHAPTER 9.Asia Pacific Life Science Instrumentation Market By Country
9.1.Asia Pacific Life Science Instrumentation Market Overview
9.2.China
9.2.1.China Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
9.2.2.China Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
9.3.Japan
9.3.1.Japan Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
9.3.2.Japan Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
9.4.India
9.4.1.India Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
9.4.2.India Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
9.5.Australia
9.5.1.Australia Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
9.5.2.Australia Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
9.6.South Korea
9.6.1.South Korea Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
9.6.2.South Korea Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
9.7.Rest of Asia-Pacific
9.7.1.Rest of Asia-Pacific Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
9.7.2.Rest of Asia-Pacific Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
9.8.Asia Pacific PEST Analysis
CHAPTER 10.Latin America Life Science Instrumentation Market By Country
10.1.Latin America Life Science Instrumentation Market Overview
10.2.Brazil
10.2.1.Brazil Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.2.2.Brazil Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.3.Mexico
10.3.1.Mexico Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.3.2.Mexico Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.4.Rest of Latin America
10.4.1.Rest of Latin America Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 – 2028
10.4.2.Rest of Latin America Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
CHAPTER 11.Middle East & Africa Life Science Instrumentation Market By Country
11.1.Middle East & Africa Life Science Instrumentation Market Overview
11.2.Saudi Arabia
11.2.1.Saudi Arabia Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
11.2.2.Saudi Arabia Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
11.3.UAE
11.3.1.UAE Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
11.3.2.UAE Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
11.4.Rest of Middle East & Africa
11.4.1.Rest of Middle East & Africa Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
11.4.2.Rest of Middle East & Africa Life Science Instrumentation Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
CHAPTER 12.Player Analysis Of Life Science Instrumentation
12.1.Life Science Instrumentation Market Company Share Analysis
12.2.Competition Matrix
12.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2.New Product Launches and Product Enhancements
12.2.3.Mergers And Acquisition In Global Life Science Instrumentation Market
12.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13.COMPANY PROFILE
13.1.Bio-Rad Laboratories
13.1.1.Company Snapshot
13.1.2.Business Overview
13.1.3.Financial Overview
13.1.3.1.Revenue (US$ Mn), 2020
13.1.3.2.Bio-Rad Laboratories 2020 Life Science Instrumentation Business Regional Distribution
13.1.4.Product/ Service and Specification
13.1.5.Recent Developments & Business Strategy
13.1.6.Manufacturing Plant Footprint Analysis
13.2.Medline Industries Inc
13.3.Agilent Technologies
13.4.Siemens Healthcare Diagnostics
13.5.Becton, Dickinson and Company
13.6.Abbott Laboratories
13.7.Shimadzu Corporation
13.8.Thermo Fisher Scientific, Inc.
13.9.Roche Diagnostics, Inc.
13.10.Others