Life Science & Analytical Instruments Market Scope
Life Science & Analytical Instruments are the instruments used in industries such as Pharmaceuticals, Biotechnology, Medical devices, CRO / CMO, healthcare, materials science, forensics, environmental sciences, and homeland security. These instruments help in establishing the composition and analyzing materials most common types of analytical instruments are spectrophotometers, electrochemical instruments, automatic density meters, colony counters, automatic titrators, fiberscopes, demagnetizers, and many others. These instruments provide more precise results, they offer to adjust different parameters and do resolution, sampling, analysis, and collection in a better way.
|Unit||Value (USD Million)|
|Key Companies Profiled||Bruker Corporation (United States), Agilent Technologies (United States), Eppendorf AG (Germany), Becton Dickinson and Company, Danaher Corporation (United States), Hitachi High Technologies Corporation (Japan), Bio-Rad Laboratories Inc. (United States), Waters Corporation (United States), Thermo Fisher Scientific (United States), Shimadzu Corporation (Japan) and Qiagen N.V. (Netherlands)|
Life science & analytical instruments is a fragmented market due to the presence of various players. The players are focusing on to introduce new technological developments and innovations such as SaaS and cloud-based software in life science & analytical instruments. Moreover rising government funding and initiatives in the development of new instruments will enhance their market presence. The companies are also planning strategic activities like mergers, partnerships, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Life Science & Analytical Instruments market throughout the predicted period.
Bruker Corporation (United States), Agilent Technologies (United States), Eppendorf AG (Germany), Becton Dickinson and Company, Danaher Corporation (United States), Hitachi High Technologies Corporation (Japan), Bio-Rad Laboratories Inc. (United States), Waters Corporation (United States), Thermo Fisher Scientific (United States), Shimadzu Corporation (Japan) and Qiagen N.V. (Netherlands) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Life Science & Analytical Instruments market by Type , by Application (Clinical Analysis., Forensic Analysis., Chemical, Food & Beverage Analysis., Pharmaceutical Analysis., Life science research and Others) and Region with country level break-up.
On the basis of geography, the market of Life Science & Analytical Instruments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn January 2022, Bruker Corporation announced the acquisition of Prolab Instruments GmbH, a Swiss technology company specializing in low-flow, high-precision liquid chromatography technology and systems. This acquisition aimed to enhance further performance and robustness of timsTOF 4D proteomics and metabolomics solutions, thus strengthening the company’s product portfolio.
In July 2022, BD (Becton Dickinson and Company) acquired Parata Systems. This strategic acquisition aimed to enhance BD's transformative solutions by offering a portfolio of innovative pharmacy automation solutions. This acquisition enhanced the company’s product portfolio.
Influencing Trend:Increase usage of decentralized elements in clinical trials, and Introduction of new technologies such as SaaS and cloud-based software in life science & analytical instruments
Market Growth Drivers:Rising prevalence of chronic diseases, , Increasing population growth and geriatric population, and Increasing usage of life Science & Analytical Instruments in a number of fields
Challenges:Presence of a wide and diverse range of instruments in the market, and High maintenance and expenditure costs related to life science & analytical instruments
Restraints:Rising cost of life science & analytical instruments, and Lack of awareness among people
Opportunities:Growing demand for life science & analytical instruments across the globe, and New digital technology and advancements in mass spectrometry, separation technologies, and among others
Key Target AudienceLife science & analytical instruments Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries