Scientific Instruments Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global scientific instruments market size reached a value of almost USD 39.94 Billion in the year 2024. The scientific instruments industry is further expected to grow at a CAGR of 4.50% between 2025 and 2034 to reach a value of almost USD 62.03 Billion by 2034.

The global scientific instruments market is driven by the rising research activities in the pharmaceutical industry. North America is the leading regional market for scientific instruments as it accounts for the largest market share. The industry is fuelled by the growing collaborations and partnerships among manufacturers and education and research institutes. This is further being supported by investments in the healthcare sector by governments of several countries due to the ageing population and the rising demand for generics and biosimilars.

Scientific Instruments Market Segmentation

Scientific instruments are referred to as laboratory equipment, which are constructed, designed, and refined for scientific purposes. These instruments include a barometer, ammeter, chromometer, hydrometer, phonograph, galvanometer, photometer, and others, which are used for measuring, analysing, and verifying the unverified properties and quantities of an element or a material. Scientific instruments form a crucial component of new product development and in innovating and remodelling the existing ones. In the modern age, research institutes use these instruments to attain optimum efficiency in their research.

The scientific instruments market is segmented on the basis of end-uses into:

• Industrial
• Government Institutes
• Academics

Amongst these, the industrial segment accounts for the largest total market share.

On the basis of type, the industry is divided into:

• Scientific Clinical Analysers
• Scientific Analytical Instruments
• Others

Presently, scientific clinical analysers exhibit the most popular scientific instrument globally.

On the basis of region, the industry is divided into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Scientific Instruments Market Analysis

The global scientific instruments market is driven by the growing number of research and testing units, especially in the pharmaceutical and biotechnology fields. In addition to this, the rising focus on enhancing the drug development process and product quality by the pharmaceutical companies is creating a demand for high-quality scientific instruments.

Moreover, the industry is finding impetus by the rising stringent environmental regulations across the world, which has, as a result, boosted the sales of measurement equipment for emission level control and compliance, especially in the industrial sector. Besides, the rapid advancement in new areas of research, such as neuroscience and applied microbiology, has led to the growing requirement for better analysis equipment, thereby strengthening the industry growth.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global scientific instruments market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Thermo Fisher Scientific
• Agilent Technologies, Inc.
• Bruker Corporation
• PerkinElmer Inc.
• Danaher Corporation
• Horiba
• Waters
• F. Hoffmann-La Roche Ltd
• Zeiss International
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.