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Life Science Tools Market worth $429.19 billion by 2030, growing at a CAGR of 11.21% - Exclusive Report by 360iResearch
Life Science Tools Market | 360iResearch
The Global Life Science Tools Market to grow from USD 203.93 billion in 2023 to USD 429.19 billion by 2030, at a CAGR of 11.21%.
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Life sciences refer to the unit of science that studies living organisms, including biology, botany, zoology, microbiology, physiology, and biochemistry. Various instruments, consumables, reagents, and other services are used to study life science. The prevalence of chronic diseases worldwide is raising the need for improved tools for the early diagnosis of diseases. The favorable investment landscape to accelerate R&D in the biotechnological sector for its implications in health and medicine facilitates using life science tools. However, the high cost of implementation and maintenance and the quality control issues associated with using life science tools may impede their adoption by the end-use industries. Moreover, the rising applications of genomics and proteomics for precision medicine and breakthrough advancements in life science tools are expected to encourage their deployment across the end-use industries.
The life science tools market is evolving in the Americas owing to the highly valued medical and pharmaceutical sector, rapid adoption of genomics, proteomics, oncology, and diagnostic screening, and major players continuously developing advanced tools for life science research. A well-regulated environment for approvals and usage of genomic and tissue diagnostic tests is encouraging the life science tools market growth in the Americas. Increasing research and development (R&D) expenditure to advance medical research and the growing adoption of innovative and advanced tools among biopharmaceutical companies are facilitating the use of life science tools in the APAC region. Rising investments in research and development of healthcare and pharmaceutical products, growing consumer expenditure on advanced healthcare products to treat chronic diseases, and supportive government initiatives for life science and pharmaceutical sector development are expanding the utilization of life science tools in the EMEA region. The ongoing collaborations, acquisitions, and embracing of digital technologies can increase production and are expected to contribute to the growth of the life science tools market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Life Science Tools Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Cell Biology Technology, Genomic Technology, and Proteomics Technology. The Cell Biology Technology commanded largest market share of 42.61% in 2023, followed by Proteomics Technology.
Based on Product, market is studied across Cell Culture Systems & 3D Cell Culture, Cloning & Genome Engineering, Flow Cytometry, Liquid Chromatography, Mass Spectrometry, Microscopy & Electron Microscopy, Next Generation Sequencing, Nuclear Magnetic Resonance, Nucleic Acid Microarray, Nucleic Acid Preparation, PCR & qPCR, Sanger Sequencing, and Transfection Devices & Gene Delivery Technologies. The Cell Culture Systems & 3D Cell Culture is further studied across Media, Reagents, and Sera. The Microscopy & Electron Microscopy commanded largest market share of 10.06% in 2023, followed by Cell Culture Systems & 3D Cell Culture.
Based on Offerings, market is studied across Consumables, Instrument, and Services. The Instrument commanded largest market share of 51.05% in 2023, followed by Services.
Based on Lab Ownership, market is studied across Private and Public. The Private commanded largest market share of 58.22% in 2023, followed by Public.
Based on Lab Size, market is studied across Large, Medium, and Small. The Large commanded largest market share of 42.65% in 2023, followed by Medium.
Based on End-User, market is studied across Academic Research Institutes, Biotechnology Companies, Contract Research Organization/ Contract Manufacturing Organization, Diagnostic Laboratories, and Hospitals. The Contract Research Organization/ Contract Manufacturing Organization commanded largest market share of 23.51% in 2023, followed by Biotechnology Companies.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.25% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Life Science Tools Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Life Science Tools Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Life Science Tools Market, highlighting leading vendors and their innovative profiles. These include 10x Genomics, Inc., 3M Company, Abbott Laboratories, Abcam PLC, Agilent Technologies, Inc., Avantor, Inc., B. Braun SE, Becton, Dickinson, and Company, Bio-Rad Laboratories, Inc., Bio-Techne Corporation, bioMérieux SA, Bruker Corporation, Cardinal Health, Inc., Carl Zeiss AG, Charles River Laboratories International, Inc., Danaher Corporation, Diagnóstica Longwood S.L., Eppendorf SE, Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., Fulgent Genetics, Inc., GE Healthcare Technologies Inc., Genscript Biotech Corporation, Hitachi, Ltd., HORIBA, Ltd., ICON PLC, Illumina, Inc., IQVIA Holdings Inc., Laboratory Corporation of America Holdings, Lonza Group Ltd., Luminex Corporation, Merck KGaA, Mettler-Toledo International Inc., New England Biolabs, Inc., Oxford Instruments PLC, PerkinElmer, Inc., Promega Corporation, QIAGEN N.V., Quest Diagnostics Incorporated, Repligen Corporation, Sartorius AG, SGS SA, Shimadzu Corporation, Takara Bio Inc., Tecan Trading AG, Thermo Fisher Scientific Inc., Waters Corporation, and WuXi AppTec Co., Ltd.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Life Science Tools Market, by Technology
7. Life Science Tools Market, by Product
8. Life Science Tools Market, by Offerings
9. Life Science Tools Market, by Lab Ownership
10. Life Science Tools Market, by Lab Size
11. Life Science Tools Market, by End-User
12. Americas Life Science Tools Market
13. Asia-Pacific Life Science Tools Market
14. Europe, Middle East & Africa Life Science Tools Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Life Science Tools Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Life Science Tools Market?
3. What is the competitive strategic window for opportunities in the Life Science Tools Market?
4. What are the technology trends and regulatory frameworks in the Life Science Tools Market?
5. What is the market share of the leading vendors in the Life Science Tools Market?
6. What modes and strategic moves are considered suitable for entering the Life Science Tools Market?
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