Analytical Laboratory Instruments Market 2020 : Trends, Growth and Profit Analysis, Forecast by 2030 | TBRC Reports

Global Analytical Laboratory Instruments Market - By Type (Elemental Analysis, Separational Analysis, Molecular Analysis, Others), By End-User (Hospitals, Diagnostic Laboratories, Pharmaceutical, Biotechnology, Others), And By Region, Opportunities And Strategies - Global Forecast To 2030 By The Business Research Company

The global analytical laboratory instruments market reached a value of nearly $93.8 billion in 2019. The market is expected to grow from $93.8 billion in 2019 to $110.3 billion in 2023 at a CAGR (Compound Annual Growth Rate) of 4.1%. The growth is mainly due to an increased prevalence of chronic diseases and economic growth in developing countries. The market is expected to stabilize and reach $125.8 billion in 2025 and $170.7 billion in 2030.

The Key drivers of the analytical laboratory instruments market include:-
Technology is expected to be a continued driver of market growth during this period. The consumers are increasingly looking for instruments which provide quicker results at high efficiency and lower costs, thus supporting the growth of the market. The companies in the market are increasingly investing in nanotechnology, automation and artificial intelligence has led to a new generation of technology making instruments smaller, faster and more efficient when compared to traditional equipment.

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Analytical Laboratory Instruments Market Segmentation:-
By Type
1. Elemental Analysis
2. Separational Analysis
3. Molecular Analysis
4. Others
The elemental analysis was the largest segment of the analytical laboratory instruments market by type, accounting for 59% of the total market in 2019. Going forward, the molecular analysis segment is expected to be the fastest growing segment in the analytical laboratory instrument market, at a CAGR of 5.6%.

By End-User
1. Hospitals
2. Diagnostic Laboratories
3. Pharmaceutical
4. Biotechnology
5. Others
The hospitals was the largest segment of the analytical laboratory instruments market by end-user, accounting for 66.3% of the total market in 2019. Going forward, the biotechnology segment is expected to be the fastest growing segment in the analytical laboratory instruments market, at a CAGR of 10.1%.

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By Geography - The analytical laboratory instruments market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the analytical laboratory instruments market are
1.Thermo Fisher Scientific Inc.
2.Danaher Corporation
3.Agilent Technologies, Inc.
4. Shimadzu Corporation
5. F. Hoffmann-La Roche AG

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