About Life Science Instrumentation
Life Science Instrumentation is mainly used in research and development activities in various laboratories such as industrial, biotechnology, pharmaceutical, and academic institutes. These instruments also can be used for testing of quality food products and monitor & control process in manufacturing plants. Life Science Instrumentation plays an important role in the scientific examination of a living organism in biotechnology and molecular biology. Due to favorable government policies for pharmaceutical R&D in emerging nations will drive the market of life science instruments in forecasted years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Life Science Instrumentation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific, Inc. (United States), Danaher Corporation (United States), Agilent Technologies, Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Bruker Corporation (United States), PerkinElmer, Inc. (United States), Waters Corporation (United States), Shimadzu Corporation (Japan), Illumina, Inc. (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Horiba Ltd. (Japan), Bio-Rad Laboratories, Inc. (United States), Abbott Laboratories (United States), Becton, Dickinson and Company (United States) and Hitachi High-Technologies Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Life Science Instrumentation market by Type (Spectroscopy, Chromatography, Flow Cytometry, NGS, PCR and Microscopy), Application (clinical Application and Diagnostic Applications) and Region.
On the basis of geography, the market of Life Science Instrumentation 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). If we see Market by End User, the sub-segment i.e. Research Institutes will boost the Life Science Instrumentation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Hyphenated Technologies and Adoption of New Technologies in Analytical Instruments
Market Growth Drivers:
Increasing Spending on Pharmaceutical R&D, Growing Food Safety Concerns Globally and Increasing Public-Private Investments in Life Science Research
Challenges:
Insufficient Infrastructure for Research in Emerging Countries
Restraints:
High Cost of Instruments and Lack of Skilled Professionals
Opportunities:
Growth Opportunities For the Pharmaceutical and Biotechnology Industry, in Emerging Countries and Rising Demand for Analytical Instruments in Proteomics
Market Leaders and their expansionary development strategies
In December 2023, Neste and Eppendorf forge strategic partnership to develop new line of renewable lab plastics. The portfolio comprises Eppendorf Tubes® with screw caps plus epT.I.P.S.® BioBased filter pipette tips, made of certified polypropylene based upon renewable raw materials. Neste’s renewable Neste RE feedstock is used to produce the tubes, while the screw caps and pipette tips are made in cooperation with other suppliers.
In February 2024, Thermo Fisher Scientific Inc., has launched the Thermo Scientific™ Dionex™ Inuvion™ Ion Chromatography (IC) system, helping to make ion analysis simpler and more intuitive for labs of all sizes. The new analytical instrument is designed to be easily reconfigurable, providing those who require determination of ionic and small polar compounds with a one stop shop for consistent, reliable ion analysis.
“According to EU GMP (European Union's), it’s denoted that, the products related to life science instrumentation must be updates with applied retrospectively, which means that scientific instruments that have already been validated might not be in compliance today. It might, therefore, be necessary to re-evaluate the compliance state of your scientific instruments.”
Key Target Audience
Life science instrumentation manufacturers, Pharma & biotech companies and CROs, Academic institutions and private research institutions, Environmental testing laboratories, Food and beverage testing centers, Hospitals and diagnostic centers and Service laboratories
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.