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 the patients. It can address different aspects that hold the key to cutting edge research and innovative applications in the biotechnology and pharmaceutical industry 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 the 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
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, 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.
Segmentation
By Technology
By Application
By End-User
By Geography
North America
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 the 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, 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.
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
- Brazil
- Argentina
- Others
- Germany
- France
- United Kingdom
- Spain
- Others
- Israel
- Saudi Arabia
- Others
- China
- Japan
- South Korea
- India
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. LIFE SCIENCE INSTRUMENTATION MARKET BY TECHNOLOGY
6. LIFE SCIENCE INSTRUMENTATION MARKET BY APPLICATION
7. LIFE SCIENCE INSTRUMENTATION MARKET BY END-USER
8. LIFE SCIENCE INSTRUMENTATION MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- 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
Methodology
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