The global life science 38 chemical instrumentation market size is expected to expand at significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to the increasing private investment, technological advancement in analytical instrument, and rising usage of chromatography tests in drug approval.
The global life science 38 chemical instrumentations are used in development & research activities in academic institutes, industrial laboratories, biotechnology industry, and pharmaceutical industries. It is also used in testing monitor & control processes in manufacturing plants, laboratory information management systems, and quality of food products. The chemical composition and properties are studied with the help of chemical instrumentation and life science. These instruments play a major role in the scientific analysis of living organism in molecular biology and biotechnology.
The covid-19 outbreak affected global life science 38 chemical instrumentation corporations. The market players faced several problems varying from getting component require for manufacturing devices and providing end products to attracting workers from quarantines.
Market Trends, Drivers, Restraints, and Opportunities
- Growing burden of disease worldwide is projected to boost the market in the coming years.
- Increasing investment from pharmaceutical industry is major factor fueling the market.
- High cost of instrumentation is anticipated to restrict the market growth.
- Lack of skilled professionals to operate instruments is projected to hamper the market growth.
- R&D investment and technological advancement in life science 38 chemical instrumentation is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the global life science 38 chemical instrumentation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Life Science 38 Chemical Instrumentation Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Segmentation | Technologies [Spectroscopy, Chromatography, PCR, Centrifuges, DNA Sequencers & Amplifiers, Flow Cytometry, and Other Technologies], End-users [Academia & Research Institutes, Contract Research Organization (CRO), Pharmaceutical and Biotechnology Companies, and Hospitals and Diagnostic Centers] |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players covered in the Report | Waters Corporation, PerkinElmer Inc., F. Hoffmann-La Roche Ltd., Bruker Corporation, Becton, Dickinson & Company, Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Illumina Inc., and Thermo Fisher Scientific Inc. |
Market Segment Insights
The chromatography segment accounts for key share of the market
Based on technologies, the global life science 38 chemical instrumentation market is divided into spectroscopy, chromatography, PCR, centrifuges, DNA sequencers & amplifiers, flow cytometry, and other technologies. The chromatography segment accounts for a key share of the market. Growth of the market is attributed to rising prevalence of cardiac disease, unhealthy lifestyles, rising elderly population, and increasing number of treatments. However, the DNA sequencers & amplifiers segment is anticipated to expand at a rapid pace during the forecast period due to rising support from government in the form of funds, increasing need for drug discoveries, and rising prevalence of chronic diseases.
The pharmaceutical and biotechnology companies segment is projected to expand at a rapid pace during the forecast period
Based on end-users, the global life science 38 chemical instrumentation market is fragmented into academic & research institutes, contract research organization (CRO), pharmaceutical and biotechnology companies, and hospitals and diagnostic centers. The pharmaceutical and biotechnology companies segment is anticipated to hold the major market share during the forecast period. Growth of the market is attributed to augmented demand for rising food safety concerns and increasing focus on the development of new drug assessment techniques. However, the hospitals and diagnostic centers segment is anticipated to expand at a rapid pace during the forecast period due to factors such as development of diagnostic tests for various diseases, increasing adaptation of chromatography technologies, and rising number of genomic procedures.
The market in North America is anticipated to hold a major market share
On the basis of region, the global life science 38 chemical instrumentation market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is estimated to expand at a high CAGR during the forecast period due to growing numbers of hospital admissions and increasing research and development expenditure, and presence of large number of major players. The market of North America is estimated to hold a major market share due to new product launching, increasing availability of cheap sequencing platforms, and increasing number of research studies.
Segments
Segments Covered in the Report
The global life science 38 chemical instrumentation market has been segmented on the basis of
Technologies
- Spectroscopy
- Chromatography
- PCR
- Centrifuges
- DNA Sequencers & Amplifiers
- Flow Cytometry
- Other Technologies
End-users
- Academia & Research Institutes
- Contract Research Organization (CRO)
- Pharmaceutical and Biotechnology Companies
- Hospitals and Diagnostic Centers
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Waters Corporation
- PerkinElmer Inc.
- F. Hoffmann-La Roche Ltd
- Bruker Corporation
- Becton, Dickinson & Company
- Agilent Technologies Inc.
- Bio-Rad Laboratories Inc.
- Danaher Corporation
- Illumina Inc.
- Thermo Fisher Scientific Inc.
Competitive Landscape
Key players competing in the global life science 38 chemical instrumentation market include Waters Corporation, PerkinElmer Inc., F. Hoffmann-La Roche Ltd., Bruker Corporation, Becton, Dickinson & Company, Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corporation, Illumina Inc., and Thermo Fisher Scientific Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.
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