Life Science Instrumentation Market - Snapshot

The global life science instrumentation market is projected to reach US$ 90 Bn by 2027, expanding at a single digit CAGR during the forecast period. Rise in prevalence and incidence rates of infectious diseases, high R&D investment by major players, and technological advancements are anticipated to drive the global market during the forecast period. According to data published by the Centers for Disease Control and Prevention (CDC), the number of visits to physician offices for infectious and parasitic diseases stood at 16.8 million in the U.S. in 2016. 

life science instrumentation market

The global life science instrumentation market has been segmented based on technique, application, end-user, and region. In terms of technique, the global market has been classified into spectroscopy, chromatography, polymerase chain reaction, next-generation sequencing, clinical chemistry analyzers, flow cytometry, immunoassays, and others. The spectroscopy segment dominated the global market in terms of revenue in 2018. Wide use of spectroscopic techniques in the analysis of molecules in clinical research is anticipated to drive the segment. The next-generation sequencing segment is expected to expand at a high CAGR during the forecast period. Growth of the segment is attributed to increase in R&D initiatives for development of DNA sequencers for genetic applications and new product launches in the smaller DNA sequencers space by major players in the market. 

In terms of application, the global life science instrumentation market has been categorized into research applications, clinical applications, and others. The research applications segment dominated the global market in terms of revenue in 2018. This is attributed to increase in focus of the pharmaceutical industry on quick and rapid drug development and increase in demand for novel drugs for the treatment of rare diseases, which creates a need for high performance analytical instruments and systems. The clinical applications segment is expected to expand at a high CAGR during the forecast period due to increase in use of life science instrumentation in clinical diagnostic applications. According to the International Agency for Research on Cancer (IARC) estimates on the global burden of cancer, there were 18.1 million new cases of cancer and 9.6 million deaths due to the disease in 2018. Moreover, heart and cerebral diseases such as Alzheimer’s disease are posing a significant threat to society. This rise in burden is due to factors such as increase in population and rapid aging and shift from poverty-related diseases to lifestyle diseases in developing countries. These factors drive demand for rapid and non-invasive examination and diagnosis. This in turn is likely to fuel the growth of the clinical applications segment during the forecast period. 

In terms of end-user, the global life science instrumentation market has been divided into research institutes, pharmaceutical & biotechnology companies, diagnostic laboratories, and others. The pharmaceutical & biotechnology companies segment held major share of the market in 2018. The segment is projected to sustain its market share during the forecast period, due to increased use of life science instrumentation in the manufacturing process of drugs in order to maintain the quality of drug throughout the process. The diagnostic laboratories segment is expected to grow at a high CAGR during the forecast period. 

In terms of region, the global life science instrumentation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2018 owing to increase in geriatric population, rise in prevalence of infectious diseases and lifestyle disorders, rich product pipeline, and technological advancements. The market in Asia Pacific is likely expand at a high CAGR during the forecast period, owing to increase in research initiatives in countries such as India. 

Major players operating in the global life science instrumentation market include Danaher, Thermo Fisher Scientific, Inc., Merck KGaA, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Illumina, Inc., PerkinElmer, Inc., BD, Bruker, and Hitachi High-Technologies Corporation. These players are expanding their product portfolios through mergers & acquisitions and partnerships & collaborations with leading pharmaceutical companies, which is expected to increase product availability.

Global Life Science Instrumentation Market: Overview

This report analyzes the current and future scenario of the global life science instrumentation market for the period 2019 to 2027. Rise in prevalence and incidence rates of chronic infectious diseases, increase in investment by key players, and technological advancements are projected to be major drivers of the global life science instrumentation market during the forecast period. 

This report comprises an elaborate executive summary, including a snapshot that provides information on various segments of the global life science instrumentation market. It also provides information and data analysis of the global market with respect to segments based on technique, application, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the overview section. Additionally, the section comprises competitive matrix and profiles of key market players, along with business overview, to project the competitive landscape of the market. The section also provides market attractiveness analysis based on region and market share analysis in terms of key players, thereby presenting a thorough analysis of the overall competitive scenario in the life science instrumentation market. 

Global Life Science Instrumentation Market: Key Segments

Based on technique, the global life science instrumentation market has been segmented into spectroscopy, chromatography, polymerase chain reaction, next-generation sequencing, clinical chemistry analyzers, flow cytometry, immunoassays, and others. In terms of application, the global market has been divided into research applications, clinical applications, and others. Based on end-user, the market has been divided into research institutes, pharmaceutical & biotechnology companies, diagnostic laboratories, and others. The market size and forecast for each of these segments have been provided for the period 2019 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. 

Global Life Science Instrumentation Market: Regional Outlook

In terms of region, the global life science instrumentation market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). Market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2017 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. The research study also covers the competitive scenario in these regions. 

Companies Mentioned in the Report

The report also profiles major players operating in the global life science instrumentation market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The players covered in the report include Danaher, Thermo Fisher Scientific, Inc., Merck KGaA, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Illumina, Inc., PerkinElmer, Inc., BD, Bruker, and Hitachi High-Technologies Corporation. 

The global life science instrumentation market has been segmented as below: 

Technique

  • Spectroscopy
  • Chromatography
  • Polymerase Chain Reaction
  • Next-generation Sequencing
  • Clinical Chemistry Analyzers
  • Flow Cytometry
  • Immunoassays
  • Others

Application

  • Research Applications
  • Clinical Applications
  • Others

End-user

  • Research Institutes
  • Pharmaceutical & Biotechnology Companies
  • Diagnostic Laboratories
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Rest of Middle East & Africa