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 Life Science and Analytical Instruments 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.

However, the ever-growing list of drivers such as the increasing number of biotechnology firms globally, advances in life science research and technology innovations involving human genome mapping, and emergence of proteomics have resulted in the industry growth. These factors have led to high-end research projects which need quality instruments with high throughput capacity, thus elevating the market position of life Science and analytical instrumentation.

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Latest Developments

January 24, 2019 --- Agilent Technologies Inc. (the US), a public research, development, and manufacturing company announced its expansion in the financial capital of India – Mumbai by inaugurating its third Centre of Excellence (CoE). The state-of-the-art laboratory is equipped with Agilent’s new products, chemistries, and software, providing a wide range of application support to life science and applied markets.

Life Science and Analytical Instruments Market Regional Analysis

The Life Science & Analytical Instruments industry can be geographically considered for Asia-Pacific/APAC, the Americas, the Middle East & Africa/MEA and Europe.

In the coming years, the Americas can take the lead in the global market for life science & analytical instruments. The market growth in the Americas is the outcome of the drastic surge in the cases of chronic diseases, such as cancer and HIV. The rising number of lifestyle-based disorders, technological innovations in diagnostic systems, and the burgeoning elderly population in the region also adds to the growth momentum of the market.

Europe is expected to be the second highest gainer in the global market, with major growth to be observed in the Western and Eastern parts of the region. The Western European market is advancing rapidly in Germany, Italy, the UK, France, and Spain. Some of the key growth boosters in the market could be the thriving pharmaceutical and biotechnology industry along with the frequent number of clinical trials taking place in the region. The vast pool of academic organizations and research institutions present in the region also accelerates the market growth to a large extent.

With the fastest growth rate, the APAC market is racing ahead relentlessly thanks to the alarming rise in the cases of chronic disorders and acute diseases like HIV, diabetes and cancer. Given the huge number of proactive research organizations focused on clinical trials coupled with the constant upgradation of the healthcare infrastructure also fuels the growth of the life science and analytical instruments market.

The MEA market could potentially witness a steady growth in the global life science & analytical instruments market. However, it is the Middle East that could secure the top position, on account of the emerging countries like Saudi Arabia, Egypt, and more. Across these countries, the healthcare infrastructure is improving steadily, which can help the region maintain its global position.

Life Science and Analytical Instruments Market Segmentation

The market for life science and analytical instruments is segmented on the basis of type, end-user and application.

The type-wise segmentation has been done on the basis of Centrifuges (Laboratory centrifuges, Analytical ultracentrifuges, Gas centrifuges and Other), Chromatography (Thin-layer Chromatography (TLC), Liquid Chromatography, Gas Chromatography, HPTLC and Other), Electrophoresis (Conventional Electrophoresis [One Dimensional and two dimensional) and Capillary Electrophoresis), Flow Cytometry, Microscopy (Scanning electron microscope, Transmission electron microscope and Other), Cell Counting instruments (Hemocytometers and Other), PCR, Spectroscopy (Mass Spectroscopy, UV spectroscopy, Atomic spectroscopy and Other), Western Blotting, Other (Sterilization instruments, Incubators, Colorimeters, Freezers, Laboratories balances, other).

The end-users in the global market include Pharmaceutical and Biotechnology Companies, Agriculture and Food Industry, Research and Clinical Testing Laboratories and Other.

Application-wise, the market caters to research applications, diagnostic applications and others.

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