The global life science and analytical instruments market is expected to reach $48.48 billion by 2021 with a CAGR of 6.9% over the period of 2016 to 2021, according to latest publication by Meticulous Research®.
The last 5-6 years have been predominantly eventful for instrument companies with major mergers and acquisitions, partnerships, new product launches, and other business developments. With rising government spending on pharmaceutical R&D in emerging nations, increasing life science research and development expenditure, progressing drug discovery and clinical diagnostics field, technological advancements, emerging applications, growing aging populations, rising prevalence of chronic diseases, and changing demographics; numerous industry participants reported record sales primarily driven by the robust growth in emerging countries such as China, India, and Brazil. However, presence of alternative technologies and high cost of instruments are some of the key factors hampering the growth of this market.
The global life science and analytical instruments market is mainly segmented by product, end-user, and geography. Spectroscopy segment commanded the largest share in the global life science and analytical instruments market, followed by separation techniques such as liquid and gas chromatography. The comprehensive end-user analysis is provided in the report for each technology. The global life science and analytical instrumentation market is further segmented by geography into four major continents namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at a country level to provide the market size and forecast for each segment and sub-segment of the market in various countries across the globe. North America and Europe have been in the forefront of acknowledging the need for life science and analytical instruments in biopharmaceuticals and pharmaceuticals, followed by Asia-Pacific, Latin America, and Middle East & Africa.
The leading 40-50 life science and analytical instruments companies accounted for more than 70% share of the global market. These leading players further aims to expand in the global market through various mergers and acquisitions. key players in the global life science and analytical instrumentation market are Agilent Technologies, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), and Waters Corporation (U.S.).
Key questions answered in the report-
Browse Market Tables, spread through 500 Pages and an in-depth TOC on “Global Life Science and Analytical Instrumentation Market Outlook- 2016-2021” https://www.meticulousresearch.com/product/life-sciences-and-analytical-instruments-market-global-forecast-to-2021
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