Press release
Life Science Instrumentation Market worth $73.9 billion | Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Agilent Technologies, Inc. (US), Waters Corporation (US), and Shimadzu Corporation (Japan)
Life Science Instrumentation Market in terms of revenue was estimated to be worth $54.9 billion in 2023 and is poised to reach $73.9 billion by 2028, growing at a CAGR of 6.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. The major factors driving the growth of this market include growing food safety concerns, rising investments in pharmaceutical R&D, increasing public-private investments, and lucrative opportunities in emerging markets.Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38&utm_source=OPenpr&utm_campaign=Paid&utm_content=Referral
Spectroscopy segment to register significant growth rate over the forecast period of 2023-2028
Based on the technology, the global life science instrumentation market is segmented into spectroscopy chromatography, Polymerase Chain Reaction (PCR), immunoassays, lyophilization, liquid handling systems, clinical chemistry analyzers, microscopy, flow cytometry, Next-Generation Sequencing (NGS), centrifuges, electrophoresis, cell counting, and other technologies. The NGS segment is anticipated to register the highest growth rate over the forecast period. The spectroscopy segment accounted for the highest share of the life science instrumentation market in 2022.
Research applications segment accounted for the largest share of the life science instrumentation market, by application in 2022.
Based on application, the global life science instrumentation market is segmented into research applications, clinical & diagnostic applications, and other applications. Research applications accounted for the largest share of the market in 2022 and is expected to grow at the highest CAGR during the forecast period.
Factors such as the rising incidence of infectious diseases, the growing use of novel analytical techniques, and the launch of advanced instruments drive the growth of life science instruments.
The pharmaceutical & biotechnology companies segment accounted for the largest share of the life science instrumentation market, by end user, in 2022
Based on end user, the global life science instrumentation market is segmented into hospitals and diagnostic laboratories, pharmaceutical & biotechnology companies, academic & research institutes, agriculture & food industries, environmental testing laboratories, clinical research organizations, and other end users. The pharmaceutical & biotechnology companies segment accounted for the largest share of the market in 2022. Factors such as rising healthcare expenditure and consistent increases in the adoption of advanced instruments by different end users are driving the growth of this segment.
The Asia Pacific market to register the highest growth in the market during the forecast period
The Asia Pacific life science instrumentation market is anticipated to register the highest growth from 2023 to 2028. Major players in the market are focusing on expanding their manufacturing capabilities in the APAC. This region is consistently witnessing a rise in the adoption of analytical instruments, offering significant growth opportunities for the key players.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=38&utm_source=OPenpr&utm_campaign=Paid&utm_content=Referral
Life Science Instrumentation Market Dynamics:
Drivers:
Increasing investments in pharmaceutical R&D
Growing food safety concerns
Increasing public-private investments in life science research
Rising incidence of target infectious diseases and genetic disorders
Advancements in NGS platforms
Declining costs of genome sequencing
Growing use of capillary electrophoresis with mass spectroscopy
Growing adoption of flow cytometry techniques in research and academia
Rising incidence of hospital-acquired infections
Increasing outsourcing of sterilization services
Restraints:
High cost of instruments
Dearth of skilled professionals
Technical limitations associated with qPCR and dPCR techniques
High cost of advanced microscopes
Opportunities:
Growth opportunities in emerging countries
Growing demand for analytical instruments and focus of key market players on emerging countries
Growth of the pharmaceutical and biotechnology industries
2. Application of NGS in precision medicine and molecular diagnostics
3. Widening application scope of analytical instruments
4. Increased demand for personalized medicine
Challenges:
Inadequate infrastructure for research in emerging countries
Ethical issues regarding the privacy of generated data from instrument software
Pricing pressure faced by prominent players in emerging markets
Key Market Players:
As of 2022, prominent players in the life science instrumentation market are Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Agilent Technologies, Inc. (US), Waters Corporation (US), and Shimadzu Corporation (Japan)
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=38&utm_source=OPenpr&utm_campaign=Paid&utm_content=Referral
Recent Developments:
In 2023, Thermo Fisher Scientific introduced a new trace elemental analyzer. The Thermo Scientific iCAP RQplus ICP-MS Analyzer can be used in the pharmaceutical, food, and environmental sectors. It can be used for different sample types and trace elements at low concentrations.
In 2021, AB SCIEX (a subsidiary of Danaher Corporation) launched a new capillary electrophoresis solution, the BioPhase 8800 system. It can process eight samples
simultaneously and delivers consistent and accurate results
In 2022, Agilent Technologies, Inc. launched GC/MS and LC/MS quadrupole mass spectrometers. These products simplify lab operations and address the key challenges faced by customers.
In 2023, Waters Corporation announced the release of the Alliance iS HPLC System. This system is easy to use, eliminates common errors and makes precise measurements.
In 2023, Shimadzu Corporation launched a Nexera UC. It is a superficial fluid extraction/chromatograph system with higher detection capabilities and improved separation.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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 worth $73.9 billion | Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Agilent Technologies, Inc. (US), Waters Corporation (US), and Shimadzu Corporation (Japan) here
News-ID: 3207860 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Life
Life Heater Reviews - How Does Life Heater Work? Read life heater reviews consum …
The Life Heater emerges as a revolutionary heating solution, redefining efficiency and safety standards for residents in the United States and Canada. More than a conventional heater, it boasts impressive energy savings of up to 30%, making it a beacon of sustainability in the realm of home heating. The device's convection heating system ensures rapid warmth, promising to elevate the comfort of spaces across North American homes with unprecedented speed.
The…
Russia Life Insurance Market to Eyewitness Massive Growth by 2026 | Renaissance …
A new research document is added in HTF MI database of 74 pages, titled as 'Russia Life Insurance - Key Trends and Opportunities to 2025' with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled…
Life Insurance Market is Booming Worldwide | Sumitomo Life Insurance, Nippon Lif …
HTF MI recently added Global Life Insurance Market Study that gives deep analysis of current scenario of the Market size, demand, growth, trends, and forecast. Revenue for Life Insurance Market has grown substantially over the five years to 2019 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to…
Online Life Insurance Market Swot Analysis by Key Players Nippon Life Insurance, …
Global Online Life Insurance Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Online…
Life Insurance Market Next Big Thing with Major Giants HDFC Life Insurance, SBI …
A new business intelligence report released by HTF MI with title "Life Insurance Market in India 2019" is designed covering micro level of analysis by manufacturers and key business segments. The Life Insurance Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of…
Life Insurance Market to Witness Massive Growth| Allan Gray Life, Coronation Lif …
HTF Market Intelligence released a new research report of 35 pages on title 'Strategic Market Intelligence: Life Insurance in South Africa - Key Trends and Opportunities to 2022' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Allan Gray Life, Coronation Life Assurance, Sygnia Life etc.
Request a sample report @ https://www.htfmarketreport.com/sample-report/1854964-strategic-market-intelligence-38
Summary
The ""Strategic Market Intelligence: Life Insurance in South Africa - Key Trends…