Fueled By The Rise Of Chronic Diseases Driver: A Major Catalyst in the Evolution of the Biotechnology Instruments Market in 2025

How Is the Biotechnology Instruments Market Projected to Grow, and What Is Its Market Size?
In recent times, the biotechnology instruments market has demonstrated robust growth. Its size is projected to increase from $75.64 billion in 2024 to $80.9 billion in 2025, representing a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this significant growth in the past include heightened complexities of chronic diseases, an increasing emphasis on digital solutions, a rising geriatric population, an expanding demand for reverse transcription polymerase chain reaction (RT-PCR) tests, and the progressive trend towards miniaturization.

In the coming years, a robust expansion is anticipated for the biotechnology instruments market, with projections indicating it will reach a value of $104.52 billion in 2029, signifying a compound annual growth rate (CAGR) of 6.6%. This surge during the forecast duration can be credited to factors such as the escalation in biotechnology studies, rising healthcare costs and reduction in productivity, expanding uses of medical lasers, burgeoning demands for the creation of vaccines, drugs, therapies, and diagnostic appliances, and the intensifying pressure of target diseases. Noteworthy movements during this period are expected to be technological enhancements, original findings, transformation in the biotechnology industry, integration of artificial intelligence and machine learning, as well as progress in the fields of genomics and proteomics.

What Are the Key Drivers Behind the Growth of the Biotechnology Instruments Market?
The growth of the biotechnology instruments market is anticipated to be propelled by the surge in incidences of chronic illnesses. These are health matters that last typically for three months or longer, often referred to as chronic conditions or diseases. The surge in these illnesses is attributed to factors such as unhealthy lifestyle choices, an aging demographic, and improved awareness and diagnoses. Biotechnology instruments play a pivotal role in improving patient's quality of life by augmenting accuracy in diagnosis, refining treatments, and allowing for superior disease management. They assist in pinpointing potential drug candidates and comprehending their impact on chronic diseases. For instance, the National Center for Biotechnology Information, a US-based intergovernmental body, reported 1,958,310 new cancer cases and 609,820 cancer fatalities in the US alone in January 2023. Moreover, as per the National Library of Medicine, a US-based medical library, the worldwide cancer load is projected to reach 28.4 million cases by 2040, marking a 47% surge from 2020. As such, the escalating demand due to chronic illnesses is stimulating the growth of the biotechnology instruments market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19338&type=smp

Who Are the Major Industry Players Fueling Biotechnology Instruments Market Expansion?
Major companies operating in the biotechnology instruments market are Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Merck KGaA, Quest Diagnostics Inc., Avantor Inc., Agilent Technologies, Illumina Inc., Sartorius AG, Mettler Toledo, Perkin Elmer Inc., Shimadzu Corporation, Bruker Corporation, Zeiss Group, QIAGEN N.V., Novanta Inc., Cynosure LLC, Bio-Rad Laboratories Inc., Ori Biotech Limited, Hudson Robotics

Which Key Developments Are Influencing the Biotechnology Instruments Market?
Major corporations in the biotechnology instruments market are intent on creating innovative products, such as single-cell multi-omics products, to advance genomics, proteomics, and metabolomics research, and improve personalized medicine methods. These single-cell multi-omics products are state-of-the-art technologies that investigate various kinds of biological data from separate cells, combining details from different omics levels like genomics, transcriptomics, proteomics, and metabolomics. In a recent example, Singleron Biotechnologies, a biotech firm based in Germany, unveiled two innovative tools, the NEO and the Python Junior, in June 2023 to augment the standardization of single-cell analysis procedures. The Neo system is capable of managing up to half a million cells in one run across four separate channels, offering high throughput and adaptability in dealing with different applications at the same time. The Python Junior tool concentrates on transforming solid tissues into high-quality single-cell suspensions by combining mechanical treatment with enzymatic digestion, this boosts the efficacy of the dissociation process.

How Is the Segmentation of the Biotechnology Instruments Market Defined?
The biotechnology instrumentsmarket covered in this report is segmented -

1) By Product: Lab Automation Instruments, Life Science Consumables, In Vitro Diagnostic (IVD) Instruments
2) By Application: Clinical Diagnostics, Drug Discovery And Development, Proteomics And genomics, Cell Analysis, Other Applications
3) By End-user: Pharmaceutical And Biotechnology Companies, Hospitals And Diagnostic Laboratories, Academic And Research Institutes, Other End Users

Subsegments:
1) By Lab Automation Instruments: Robotic Liquid Handlers, Automated Plate Readers, Automated Workstations, Lab Sample Storage Systems
2) By Life Science Consumables: Reagents And Chemicals, Sample Collection And Transport Devices, Laboratory Plasticware, Culture Media And Kits
3) By In Vitro Diagnostic (IVD) Instruments: Molecular Diagnostic Instruments, Clinical Chemistry Analyzers, Hematology Analyzers, Immunoassay Analyzers

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/biotechnology-instruments-global-market-report

What Is the Leading Region in the Biotechnology Instruments Market?
North America was the largest region in the biotechnology instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biotechnology instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Biotechnology Instruments Global Market Report?

- Market Size Analysis: Analyze the Biotechnology Instruments Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biotechnology Instruments Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biotechnology Instruments Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biotechnology Instruments Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19338

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.