+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Life Sciences Instrumentation and Research Tools Market, Forecast to 2023

  • Report

  • 145 Pages
  • October 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4663554

Digitalization and M&As to Transform the Current Competitive Structure of the Industry

The global life sciences instrumentation and research tools market is currently going through a transformation driven by ongoing market consolidation and technological innovation. Over the past five years, the industry has witnessed more than 50 mergers and acquisitions (M&A), which have resulted in a market consolidation at the top. Most of these M&A have been focused on expanding product portfolio and strengthening geographic presence, as large companies are increasingly looking to extend their dominance in this high-growth market. Our research predicts the market to reach a size of more than $80 billion by 2023, consistently growing at an annual rate of 5.0%. While government and academic funding in developed markets have slowed down, spending prospects from the private sector (especially the biopharmaceutical industry) look promising. On the other end, in the developing countries, increased research expenditure from governments is expected to drive market growth.

In terms of segments, genomics surpassed proteomics in 2016 to become the leading business segment, on the back of technological revolution in the next-generation sequencing (NGS) and digital PCR segment. Democratization of NGS platforms and solutions will support strong growth of the genomics segment during the forecast period (2018-2023). Growing automation and analytics application is likely to bring in the much-needed efficiency in lab operations, and so we expect a decline in the average spending on reagents and consumables in the long term.

Research Highlights

The objective of this research study is to consider and analyze key market developments and present an objective market picture to the readers. This research publication covers key trends and opportunities in the global life sciences instrumentation and research tools market. It provides qualitative market insights on various market segments (including genomics, proteomics, cell-based analysis, lab equipment and supplies). This report identifies existing gaps in product and service offerings of key players across segments, and the disruptive technologies. Emerging shift in business models such as digitalization and eCommerce are also covered comprehensively. Further, this study analyzes the impact of consolidation in the pharmaceutical industry on the vendors in this market. Additionally, it delves into market growth and forecasts for key geographies (NA, Europe, and APAC) and instrument products (NGS, PCR, mass spectrometry, flow cytometer, and microarrays).

Key Issues Addressed

  • What is the market size and growth forecast for different business segments and sub-segments?
  • What is the future of the connected lab concept? What developments are expected in this space?
  • Who are the key competitors in this market? How does the competitive landscape look like?
  • What are the key growth opportunities for existing companies and new entrants in this market?
  • What changes are required from companies in their business model to sustain this transformation?
  • How instrumentation companies can use big data analytics and informatics to predict these shifts in preferences and take business decisions accordingly?

Table of Contents

1. Executive Summary
Key Findings
Scope and Segmentation
Key Questions this Study will Answer
Market Engineering Measurements
CEO’s Perspective
3 Big Predictions
Strategic Imperatives for Growth
2. Market Definition and Overview
Market Definition
Market Overview and Landscape
3. Drivers and Restraints - Total Life Sciences Instrumentation and Research Tools Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
4. Key Market Trends and Their Business Impact
Global Life Sciences Instrumentation and Research Tools Market - Key Trends and Impact on Business
Global Life Sciences Instrumentation and Research Tools Market - Key Trends Explained
5. Market Forecast and Trends
Market Engineering Measurements
Revenue Forecast Assumption
Revenue Forecast
Revenue Forecast Discussion
6. Competitive Environment
Market Share Analysis
Competitive Environment
Competitive Factors Assessment
Competitive Landscape and Benchmarking
Key Companies to Watch
Life Sciences Instruments and Research Tools Ecosystem
M&A Analysis
Preferred Instrument Vendors by Segments
Preferred Equipment Vendors by Segments
Preferred Reagents and Kits Vendors by Segments
Preferred General Lab Suppliers Vendors by Customer Segment
7. Growth Opportunities, Strategies and Implementation Recommendation
Growth Opportunity 1 - Informatics and Analytics
Growth Opportunity 2 - Connected and Smart Labs
Connected Lab Ecosystem
Connected Lab Solutions (Internet of Lab Things (IoLT)) - Implementation Journey
Growth Opportunity 3 - CRISPR Solutions
Key Market Opportunities
Growth Opportunity 4 - Single Cell Biology and Microbiome Analysis Solutions
Growth Opportunity 5 - Portable Instruments
Key Market Opportunities
Growth Opportunity 6 - Growth in Emerging Markets (India and China)
8. Market Forecast by Key Business Segments - Genomics Analysis Segment
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
9. Market Forecast by Key Business Segments - Proteomics Analysis Segment
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
10. Market Forecast by Key Business Segments - Cell-Based Analysis
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
11. Market Forecast by Key Business Segments - General Lab Equipment Segment
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
12. Market Forecast by Key Business Segments - Lab Supplies, Disposables and Other Products Segment
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
13. Market Forecast by Key Geographies
Total Life Sciences Instrumentation and Research Tools Market - Percent Revenue Forecast by Region
North America - Market Engineering Measurements
North America - Revenue Forecast
North America - Revenue Forecast Discussion
Europe - Market Engineering Measurements
Europe - Revenue Forecast
Europe - Revenue Forecast Discussion
APAC - Market Engineering Measurements
APAC - Revenue Forecast
APAC - Revenue Forecast Discussion
14. Market Forecast by Key Instruments Segments
NGS Instruments and Reagents Segment - Market Engineering Measurements
NGS Instruments and Reagents Segment - Revenue Forecast
NGS Equipment and Reagents Segment - Revenue Forecast Discussion
PCR and Digital PCR Instruments and Reagents Segment - Market Engineering Measurements
PCR and Digital PCR Instruments and Reagents Segment - Revenue Forecast
PCR and Digital PCR Instruments and Reagents Segment - Revenue Forecast Discussion
Mass Spectrometry Instruments and Reagents Segment - Market Engineering Measurements
Mass Spectrometry Instruments and Reagents Segment - Revenue Forecast
Mass Spectrometry Instruments and Reagents Segment - Revenue Forecast Discussion
Flow Cytometer Instruments and Reagents Segment - Market Engineering Measurements
Flow Cytometer Instruments and Reagents Segment
Flow Cytometer Instruments and Reagents Segment - Revenue Forecast Discussion
Microarray Instruments and Reagents Segment - Market Engineering Measurements
Microarray Instruments and Reagents Segment - Revenue Forecast
Microarray Instruments and Reagents Segment - Revenue Forecast Discussion
15. Life Sciences Instrumentation and Research Tools Market - Breakdown by Client Segments
Percent Revenue Forecast by Client Segments
Percent Revenue Forecast by Client Segments Discussion
16. Life Sciences Instrumentation and Research Tools Market - Breakdown by Products
Percent Revenue Forecast by Products
Percent Revenue Forecast by Products Discussion
17. New Business Models and Adoption of Digital Platforms
Change in Workflow Management - Current Challenges
Digital Workflow Management - Smart Labs
Digital Workflow Management - Competitive Ecosystem
Digital Workflow Management - Questions to be Answered?
Evolution of Business Models - Product as a Solution
Drivers for eCommerce Model Adoption
Future of Digital Customer Lifecycle
eCommerce - Life Sciences Research Customer Lifecycle
eCommerce Channels - Role of Product and Content Aggregator Websites
Drivers for eCommerce Model Adoption
Different eCommerce Models
Consolidation in Pharmaceutical Industry and Its Impact on the Life Sciences Instrumentation Industry
18. The Last Word
Legal Disclaimer
19. Appendix
Market Engineering Methodology
List of Exhibits
List of Figures
Total Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Global, 2017
Total Life Sciences Instrumentation and Research Tools Market: Key Market Drivers, Global, 2018–2023
Total Life Sciences Instrumentation and Research Tools Market: Key Market Restraints, Global, 2018–2023
Life Sciences Instrumentation and Research Tools Market: Impact of Key Trends, Global, 2016–2023
Total Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Global, 2017
Total Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, Global, 2016–2023
Total Life Sciences Instrumentation and Research Tools Market: Market Share of Key Companies, Global, 2017
Total Life Sciences Instrumentation and Research Tools Market: Competitive Environment, Global, 2017
Total Life Sciences Instrumentation and Research Tools Market: Key Competitive Factors, Global, 2017
Total Life Sciences Instrumentation and Research Tools Market: Capability Benchmarking of Key Companies, Global, 2017
Top Companies for Instrument by Segment, Global, 2017
Top Companies for Equipment by Segment, Global, 2017
Top Companies for Reagents and Kits by Segment, Global, 2017
Top Companies for General Lab Supplies by Segment, Global, 2017
Analytical Instrumentation Market: Market Share, Global, 2016 and 2020
Genomics Analysis Segment: Market Engineering Measurements, Global, 2017
Genomics Analysis Segment: Revenue Forecast, Global, 2016–2023
Proteomics Analysis Segment: Market Engineering Measurements, Global, 2017
Proteomics Analysis Segment: Revenue Forecast, Global, 2016–2023
Cell-Based Analysis Segment: Market Engineering Measurements, Global, 2017
Cell-Based Analysis Segment: Revenue Forecast, Global, 2016–2023
General Lab Equipment Segment: Market Engineering Measurements, Global, 2017
General Lab Equipment Segment: Revenue Forecast, Global, 2016–2023
Lab Supplies, Disposables and Other Products Segment: Market Engineering Measurements, Global, 2017
Lab Supplies, Disposables and Other Products Segment: Revenue Forecast, Global, 2016–2023
Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Region, Global, 2017 and 2023
Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, North America, 2017
Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, North America, 2016–2023
Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Europe, 2017
Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, Europe, 2016–2023
Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, APAC, 2017
Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, APAC, 2016–2023
NGS Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
NGS Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
PCR and Digital PCR Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
PCR and Digital PCR Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
Mass Spectrometry Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
Mass Spectrometry Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
Flow Cytometer Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
Flow Cytometer Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
Microarray Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
Microarray Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Client Segments, Global, 2017 and 2023
Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Products, Global, 2017 and 2023
Preferred Purchase Channel for Lab Equipment and Supplies, Global, 2017
Value of M&A in Pharma Industry, Global, 2013–2017