Life Science Instrumentation Market Size, Growth Strategies 2022-28

The global life science instrumentation market size was valued at USD 63.0 billion in 2021 and is poised to grow at a significant CAGR of 6.2% during the forecast period 2022-28. There has been a huge rise in the use of numerous techniques, including chromatography, spectroscopy, next-generation sequencing, polymerase chain reaction, flow cytometry, immunoassays, and clinical chemistry analyzers. The market for life science and chemical instruments has benefited from the increase in demand for these products on the international market. Businesses in the worldwide life science instrumentation market place a strong emphasis on the introduction of cutting-edge, innovative products. The size of the worldwide life science instrumentation market is projected to increase as a result in the near future.

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Life Science Instrumentation Market:
Due to the growing number of research projects and financial investments in the pharmaceutical industry, the market for life science instruments is expanding rapidly. Also, the market is expanding quickly due to the increasing adoption of applications such capillary electrophoresis with mass spectroscopy, flow cytometry techniques, and others. Also, the frequency of genetic abnormalities and infectious diseases is rising, which is helping the market expand. The main factors driving market expansion are the government's enhanced R&D activities, greater food quality awareness, and increased laws to assure drug safety. The market for life science instruments has a lot of potential opportunities due to the rising need for analytical tools, increased proteomics research activities, and rapid growth in emerging economies. The lack of qualified workers and the high price of cutting-edge equipment, however, are key constraints limiting the market's expansion.

The global life science instrumentation market segmentation:
1) By Technology: Spectroscopy, Chromatography, PCR, Liquid Handling, Clinical Chemistry Analyzers, Flow Cytometry, Next-Generation Sequencing (NGS), Centrifuges, Electrophoresis, Cell Counting, Other Technologies
2) End User: Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Contract Research Organization (CRO), Academia & Research Institutes.

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Life Science Instrumentation Market Regional Analysis:
The global life science instrumentation market is divided into four regions based on geography: North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region contributes significantly to the revenue of the life science instrumentation industry. The rise of key market players in developing Asian nations, the expansion of the pharmaceutical industry in China and India, and conferences, exhibitions, and symposia on analytical instruments are all contributing to the region's growth.

Major players working in the Life Science Instrumentation Market are Agilent Technologies Inc., Becton, Dickinson & Company, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, F. Hoffmann-La Roche Ltd.

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This release was published on openPR.