openPR Logo
Press release

Life Science Instrumentation Market is Expected to Expand at an Impressive Rate by 2027

07-25-2022 02:26 PM CET | Health & Medicine

Press release from: Transparency Market Research

Transparency Market Research (TMR) has published a new report titled, "Life Science Instrumentation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027". According to the report, the global life science instrumentation market is estimated at US$ 55 Bn by 2019. The global market is projected to reach US$ 90 Bn by 2027 at a CAGR of 5.5% from 2019 to 2027. Rise in prevalence and incidence of infectious diseases across the globe and technological advances are anticipated to augment the global market from 2019 to 2027. The global life science instrumentation market is expected to be driven by rise in R&D activities in biotechnology and pharmaceuticals industries.

Read Report Overview- https://www.transparencymarketresearch.com/life-science-instrumentation-market.html

Rise in Prevalence and Increase in Incidence Rates of Chronic and Infectious Diseases

Diagnosis of infectious and chronic diseases is one of the leading applications of life science instrumentation. The emergence and outbreak of various infectious diseases has created challenges and new opportunities for researchers to develop diagnostic tools and tests for early diagnosis and prevention of diseases. According to World Health Report published by the WHO, infectious diseases account for approximately 17 million deaths globally every year. Moreover, emergence of new diseases has increased in the past few years. According to reports, several countries have failed to invest adequately in order to control common infectious diseases. This increases demand for diagnostic tools for early detection to prevent the outbreak of infectious diseases. This factor is projected to fuel the growth of the global life science instrumentation market during the forecast period.

Enquiry before Buying Life Science Instrumentation Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=16265

Increase in R&D Activities in Biotechnology and Pharmaceuticals Industries

Pharmaceutical and biotechnology industries are diverting significant capital to R&D activities. This is due to increase in demand for rapid drug development and commercialization of novel drug molecules for the treatment of various rare diseases. According to the International Federation of Pharmaceutical Manufacturers and Association (IFPMA), the pharmaceutical industry spends nearly US$ 150 Bn on R&D every year. In 2015, 56 new drugs were launched and more than 7000 new compounds were in development. Moreover, the number of new drugs developed has increased significantly and these were launched in the past few years. Drug development for diseases such as cancer, cardiovascular disease, neurological, and infectious diseases has increased across the globe. This creates demand for efficient and quick life science instrumentation systems to accelerate the process. This acts as a major driver of the global life science instrumentation market during the forecast period.

Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16265

Spectroscopy Segment to Lead Global Market
In terms of technique, the spectroscopy segment dominated the global life science instrumentation market, followed by the immunoassays segment. Spectroscopy plays a vital role in the detection, identification, and quantification of molecules in bio- and life science related fields. Continuous advancements in spectroscopy technologies and increase in demand for real-time analysis of samples are likely to drive the spectroscopy segment during the forecast period.

Research Applications Segment to Dominate Global Market

In terms of application, research applications is projected to be a highly attractive segment of the global life science instrumentation market, followed by the clinical applications segment. This is attributed to increase in pressure on the pharmaceutical industry to develop new and cost effective medications for various diseases. This in turn creates demand for quick and streamlined processes in drug discovery. The clinical applications segment is anticipated to expand at a high CAGR during the forecast period, due to wide applications of life science instrumentation in diagnostic testing of various diseases.

Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=16265

North America to Lead Global Market

North America dominated the global life science instrumentation market due to large patient pool, technological advancements, and high acceptance of advanced treatments. The region is projected to continue to dominate the global market during the forecast period. Increase in health care expenditure, rise in prevalence and incidence of chronic infectious diseases, and surge in investments are the key factors anticipated to propel the life science instrumentation market in North America in the next few years. The life science instrumentation market in Asia Pacific is expected to expand at a high CAGR due to increase in demand for rapid and quick diagnostics in developing countries and rise in research initiatives in countries such as Japan and China.
Major Players Operating in Global Market
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 Corporations.

More Trending Reports by Transparency Market Research:

Surgical Kits Market- https://www.transparencymarketresearch.com/surgical-kits-market.html

Newborn Screening Market- https://www.transparencymarketresearch.com/newborn-screening-market.html

Sterile Vials Market- https://www.transparencymarketresearch.com/sterile-vials-market.html

Heat Therapy Market- https://www.transparencymarketresearch.com/heat-therapy-market.html

Dental 3D Printing Market- https://www.transparencymarketresearch.com/dental-3d-printer-market.html

Cleanroom Consumables Market- https://www.transparencymarketresearch.com/cleanroom-consumables-market.html

Cardiovascular Proximal Anastomosis Devices Market- https://www.transparencymarketresearch.com/cardiovascular-proximal-anastomosis-devices-market.html

Rubber Gloves Market- https://www.transparencymarketresearch.com/rubber-gloves-market.html

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Life Science Instrumentation Market is Expected to Expand at an Impressive Rate by 2027 here

News-ID: 2689325 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for R&D

Sales Acceleration Technology Market 2023: Sales and Industry Revenue Forecasts- …
The Sales Acceleration Technology market has witnessed growth from USD XX million to USD XX million from 2017 to 2023. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2029. The report focuses on the Sales Acceleration Technology market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological
R&D Incentive Services Market is Booming Worldwide | KPMG, R&D Incentives, Deloi …
The latest report released on Global R&D Incentive Services Market analyses areas where there is still room for improvement. Irrespective of industry, organization size, or geographic location, the R&D Incentive Services Market study suggests that advanced technologies are playing a bigger role than ever before. The assessment provides trend, growth factors and estimates for Global R&D Incentive Services Market forecasted till 2028. Some of the key players profiled are KPMG
Siveco doubles China R&D investment
On July 3, 2019, Siveco China held its half-year management meeting at the prestigious Hellas House in Shanghai, a nod to the company's continuing growth on the Belt & Road. With financial results above target, high customer satisfaction (as shown in the latest audited customer satisfaction survey) and a sales pipeline more promising than ever, the company's management board announced that shareholders have approved its request for additional investment in
R&D Collaborative Projects by GD Rectifiers
GD Rectifiers have extensive experience in collaborative R&D projects and are proud to work with some of the UK’s pioneering power electronic companies to drive design and innovation forward. This R&D service helps drive GD Rectifiers forward as a cutting edge manufacturer embracing fundamental technologies that support product development that contribute to next generation products throughout: renewable energy, embedded systems, smart metrering and the rail industry. Power Assemblies, Controllers and
Noliac is expanding the R&D team
Noliac is looking for two new colleagues for the R&D team in Prague, Czech Republic: A Precision/Fine Mechanics and an Electroengineer. Precision/Fine Mechanics For the R&D team in Prague, Czech Republic, Noliac is looking for a Precision/Fine mechanics to work on modifying existing products and work with developing new. Noliac requires a colleague who: Is mechanically skilled with a focus on very small machinery. Holds a technical high school degree or an apprenticeship
Leiber GmbH further invests in R&D
Since February 2016, Leiber GmbH has been reinforced by Dr med vet Claudia Westfahl - a veterinarian specialized in animal nutrition - as part of the company's strategy to invest in new product developments. With the new position ‘Product Development Animal Nutrition’, Dr Westfahl is responsible for new product development in the field of functional feed ingredients for both pet as well as farm animals. After graduating at the University