Life Science and Analytical Instruments Market Overview

The past couple of years have been quite eventful for instrument companies, characterized by major mergers and acquisitions, new product launches, partnerships, as well as other business developments. With growing government spending on pharmaceutical research and development (R&D) activities in emerging economies, technological advancements, elevated drug discovery and clinical diagnostics field, increasing life science research and development expenditure, and emergence of various applications, the market will most definitely garner massive revenue during the review period.Moreover, expanding aging populations, in addition to the increasing prevalence of chronic diseases, and changing demographics and also several industry participants reporting record sales have also been responsible for the strong growth of the market. Developing nations like India, China, and Brazil are showing highly lucrative market expansion. In contrast, the availability of alternative technologies and high cost of instruments could hinder the growth of the market to some extent.

The Life Science and Analytical Instruments Market Size   is mainly driven by the growth of the life sciences sector in recent years. Growth of the healthcare sector and the increasing government investment in drug development and research have been the major drivers for the life sciences sector in recent years. With the growing scope of the life sciences sector, the demand for life science instrumentation has grown rapidly over the last few years. Increasing prevalence of cancer, infectious diseases, and lifestyle diseases such as diabetes and hypertension has led to a growing demand from the life sciences sector, as the need for effective medication against these and other diseases has grown. The analytical instruments are used in various sectors such as biotechnological and pharmaceutical companies, laboratories, hospitals and clinics. It is used to analyze and determine the quality of raw materials of finished goods. Whereas in hospitals, it is primarily used to analyze the medical samples and diagnose diseases accurately.

We will provide COVID-19 impact analysis with the report, along with all the key developments since the coronavirus disease outbreak. Key events in the market’s history over the review period are also analyzed in the report to provide readers with some background. A detailed projection for the market’s growth trajectory over the forecast period is presented in the report.

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Life Science and Analytical Instruments Market Players

The key vendors competing in the global life science and analytical instrumentation market are Avance Biosciences (US), Becton, Thermo Fisher Scientific, Inc. (U.S.),  Agilent Technologies, Inc. (U.S.), Dickinson and Company (U.S.), Danaher Corporation (U.S), F. Hoffmann-La Roche Ltd. (Switzerland), PerkinElmer, Inc. (U.S.), Waters Corporation (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Charles River Laboratories International, Inc. (U.S.), Bruker Corporation (U.S.), Paragon Bioservices, Inc (US), Dynalabs (US) Shimadzu Corporation (Japan), Avista Pharma Solutions(US), Merck KGaA (Germany) among others.

Life Science and Analytical Instruments Market Regional Analysis

Region-wise, the global life science and analytical instruments market is distributed into Asia Pacific, Europe, North America, and the Rest-of-the-World.

The North America region witnesses a vast development in drug discovery research, along with an increasing number of research studies, and expansion of industrial sector, leading to its leading position in the global life science & analytical instruments market. In addition, other factors such as the presence of well-known players alongside the growing focus in the field of research for the life science products propel the market growth in the region. furthermore, the rapid pace of advancements in technologies in the region provide the region an edge over other regions. The United States (US) backed by massive investments in the life science & analytical instruments will lead the regional market in the coming years.

The Europe region has acquired the second position in the global life science & analytical instruments market, as a result of the accelerated demand for the life science products. This demand comes predominately from the expanding pharmaceutical sector in the region, catapulting the growth of the life science & analytical instruments market in the region.

The Asia Pacific region witness major growth in the market with the high uptake of advanced technology. Moreover, the market provides several growth opportunities with the increasing clinical research along with growing government support. Apart from this, the increasing number of testing laboratories and developing agricultural industries are supporting the growth of the regional market as well.

Life Science and Analytical Instruments Market Segmentation

• The global life science and analytical instruments market is segmented on the basis of instrument type, end use, application, and region.
• By instrument type, the global life science and analytical instruments market is segmented into centrifuges, chromatography, electrophoresis, flow cytometry, microscopy, cell counting instruments, PCR, spectroscopy, Western blotting, and others. The centrifuges segment is further subdivided into laboratory centrifuges, analytical ultracentrifuges, gas centrifuges, and others. The chromatography segment is further sub-segmented into thin-layer chromatography, liquid chromatography, gas chromatography, HPTLC, and others. The electrophoresis segment is further subdivided into conventional and capillary electrophoresis. Microscopy is further sub-segmented into scanning electron microscopes, transmission electron microscopes, and others. The spectroscopy segment is further sub-segmented into mass spectroscopy, UV spectroscopy, atomic spectroscopy, and others.
• By end use, the global life science and analytical instruments market is segmented into agriculture and food industry, pharmaceutical and biotechnology companies, research and clinical testing laboratories, and others.
• By application, the global life science and analytical instruments market is segmented into research, diagnostic, and others.

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