Laboratory instrumentation and consumables are the backbone of successful research, specifically in the areas of life sciences, comprising pharmaceutical and biotechnology clusters; agriculture; food sciences; and environmental sciences. As life science instrumentation companies continue to innovate their product offerings it is imperative to identify and understand the understand the next generation revenue growth opportunities and maintain technological competence to ensure sustainable revenue growth.
As incorporation of robotics and automation technologies expands across lab operations, the vendors in this market are also focusing on high-throughput technologies to speed up the research by increasing productivity and reducing labor costs. Leveraging the large amount of data generated at labs through incorporation of AI and data analytics solutions to enhance research outcomes is also creating new revenue opportunities for technology providers.
Meticulous Research® has been at the forefront of identifying new technological and revenue opportunities for lab instrumentation solution providers and enabling clients to drive their innovation strategies for sustainable long term growth.
Rapid growth in the life-sciences industry
Growing investments in pharmaceutical R&D expenditure
Growing demand for biopharmaceuticals
Technological advancements through digital innovations
Rising focus on reducing ‘time to market’ in drug discovery by accelerating R&D productivity
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The Laboratory Informatics Market is projected to reach $6.1 billion by 2030, at a CAGR of 6.9% from 2023 to 2030. Laboratory informatics solutions help to reduce manual efforts, labor cost, cost of error, and throughput time; offer paperless information management ...
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The Laboratory Water Purification System Market is projected to reach $10 billion by 2030, at a CAGR of 9.1% from 2023 to 2030. Lab Water Purification System are required to purify water essential for many laboratory experiments. Since water is the most commonly ...
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The Liquid Handling Systems Market is projected to reach $6.99 billion by 2029, at a CAGR of 6.4% from 2022 to 2029. Liquid handling systems include a class of devices used in the various liquid handling tasks in laboratories. Liquid handling is the process of ...
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The analytical standards market is expected to grow at a CAGR of 6.8% from 2020 to 2027 to reach $2.66 billion by 2027. An analytical standard is a compound of known concentration and high purity, used as a calibration standard for a given assay. The growth in ...
