The global life science instrumentation market size is projected to reach US$ 87 Bn by 2027 from USD 54.17 Billion in 2017, expanding at a CAGR of 8% during the forecast period 2019-2027. Increasing spending on pharmaceutical R&D, rising food safety concerns, technological advancements in analytical instruments, and the availability of funding for life science research are the major factors driving the growth of market.
In terms of technique, the spectroscopy segment dominated the global market.
In terms of application, research applications is expected to be a highly attractive segment of the global life science instrumentation market.
Geographically, North America accounted for the largest share in the global life science instrumentation market in 2017. Presence of a large number of pharmaceuticals and biotechnology companies, increasing number of research and development activities, and high compliance for advanced analytical instruments are major factors driving the North American market. The U.S. contributed largest revenue to the North American as well as global life science instrumentation market. The country is expected to remain the largest market for life science instrumentation globally during the forecast period. Europe was the second largest market for life science instrumentation in 2017. The life science instrumentation market in Asia-Pacific would witness highest growth during the forecast period.
The key players operating in the global life science instrumentation market are Danaher Corporation, Agilent Technologies, Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., PerkinElmer Inc., Becton, Dickinson and Company, Bruker Corporation, Bio-Rad Laboratories, Inc. and Waters Corporation.
The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through:
1. Key Opinion Leaders associated
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Primary research respondents typically include:
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.
Secondary sources of the data typically include:
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The life science instrumentation market report provides the detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value, by segments, by application, by manufacturers and by region. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2019 to 2027. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2019 to 2027, considering 2017 as the base year. Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry.
The report offers in-depth insights, revenue details, and other vital information regarding the global life science instrumentation market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global life science instrumentation market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global life science instrumentation market is segmented on the basis of product type, end user, and region.
The life science Instrumentation market following segments and subsegments:
By End User
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