04-04-2019 05:16 PM CET - Health & Medicine

Life Science Instrumentation Market by Pharma-Biotech Companies, Food & Beverage Industry, Hospitals - Share, Growth, Trends, and Forecasts to 2023

Press release from: ReportsnReports
Life Science Instrumentation Market
Life Science Instrumentation Market

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Life Science Instrumentation Market research study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and Avention) to identify and collect information useful for this technology-based, market-oriented, and commercial study of the global life science instrumentation market.

The report "Life Science Instrumentation Market”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The global life science instrumentation market is estimated to grow at a CAGR of 6.8% from 2016 to 2021, to reach USD 64.52 billion by 2021.

Regionally, the global life science instrumentation market is classified into North America, Europe, Asia Pacific, and the Middle East & Africa. At present, North America is expected to dominate the global life science instrumentation market followed by Europe. There is a huge opportunity for the market to develop in the Asia Pacific. In-depth interviews were conducted with various primary respondents that mainly included key industry participants, subject-matter experts (SMEs), C & D level executives of key market players, and independent industry consultants, among others.

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Spectroscopy technology segment is expected to account for the largest share of the global life science instrumentation market in 2016. The increasing use of spectroscopy instruments in the drug safety process is stimulating the growth of the spectroscopy market. In addition he increasing use of spectroscopy in combination with other technologies, such as chromatography, in various applications is also driving the growth of this market.

The next-generation sequencing (NGS) technology segment is expected to grow at the highest CAGR during the forecast period. The increasing focus of technological advancements in sequencing platforms and increasing applications of NGS is contributing to the high growth of this market segment. The pharmaceutical and biotechnology companies segment is expected to account for largest market share in 2016, primarily due to increasing adoption of analytical instruments in drug discovery and development process.

Major players in the global life science 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.).

#Discount on this study “Life Science Instrumentation Market by Technology (Chromatography, Flow Cytometer, Spectroscopy, PCR, Microscopy), End User (Pharmaceutical & Biotechnology Companies, CROs, Hospitals), Application (Research, Clinical & Diagnostic) - Global Forecast to 2021” report @ www.reportsnreports.com/contacts/discount.aspx?name=148902 .

Report will enrich both established firms as well as new entrants/smaller firms to gauge pulse of market, which in turn will help firms in garnering a greater market share. Firms purchasing the report could use any one or combination of below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

Reports Provides
• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

Report analyzes life science instrumentation market by technology, application, end user, and region. Based on technology, spectroscopy segment is estimated to command largest share of global market in 2017. This can be attributed to the widespread application of spectroscopy systems across several industries, including pharmaceutical, biopharmaceutical, food and agriculture, environmental testing, and industrial chemistry.

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