Life Science Instrumentation Market: Emerging Growth Factors and Forecasts 2024

Life science instrumentation market involves all the equipment’s used in the detection, prediction and analysis of living organism and their functioning. There are several devices and instruments which fall under this category which includes cell counting devices, centrifuges, chromatography devices, electrophoresis devices, flow cytometers, immunoassays, liquid measuring instruments, microscopes, Polymer Chain Reactors (PCR), spectroscopy instruments and many others. Life science instrumentation has wide scope in biotechnology companies, Pharmaceutical companies and sometimes in health care industry as well. Life science instrumentation is a result of technological advancement in the field of science, thus causing automation in the process of analyzing and detection of various components of living cells. Life science instrumentation has simplified the way of biological pharmaceutical, biotechnological analysis by the use of advances technologies and combining the technologies with computer systems, as a result a more accurate and precise results are obtained. Life science instrumentation is on the rise due to innovative and novel techniques recently discovered having a high significance. Government and research organizations are investing more and more on automation of life science instrumentation thus giving scope for new inventions and technologies that is not only benefitting field of life science but is also its allied branches.

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There are several factors that are driving the growth of global life science instrumentation market such as increasing investments in pharmaceutical research and development in developing countries, increasing concerns for food safety, private and public finance for research studies related to life science instrumentation, technically advanced analytical instruments, compacting instruments and stringent rules and regulations for drug development in developed countries. Moreover increase in the demand of analytical devices and emerging economies are trend setting new development opportunities for the manufacturers of life science instrumentation. Nonetheless, lack of skilled personnel, alternate analytical techniques and higher cost of advanced life science instrumentation are few factors hindering the global life science instrumentation market growth.

The global life science instrumentation market is segmented by technology into Cell Counting, Chromatography, Centrifuges, Electrophoresis, Flow Cytometer, Immunoassay, Liquid Handling & Robotics, Microscopy, NGS, PCR, Spectroscopy, Western Blotting, and many others. The global life science instrumentation market is segmented by application into Research Applications, Pharmaceutical applications, Biotechnological applications, and other applications which include Food & Beverage Testing, Industrial Chemistry, Environment Testing, Cosmetic Industry, Forensic Applications, and Petrochemical Industry. The global life science instrumentation market is segmented by end user into Contract research organization, Hospitals, biotechnological/pharmaceutical research laboratories, Forensic Laboratories, Academic institutes, Diagnostic centers.

The global life science instrumentation market is very competitive involving large local and global player operating in several segment of life science instrumentation. Geographically, U.S. and Canada constitutes to North America region. It accounts the largest share of global life science instrumentation market. North America region is followed by Europe. North America Life science instrumentation market is driven by the factors like stringent regulations in drug development, private and public finance for research studies related to life science instrumentation, increase in the number of research studies related to metabolism, aging population and increasing prevalence of chronic diseases. Moreover conferences, symposium, discussions and seminars hosted by several Pharma and biotech players are also increasing the scope for development in global life science instrumentation market. The same trend is followed in the developed countries. Whereas, increase in clinical research outsourcing to Asian countries and changing taxation for Research and developing facilities in North America is negatively impacting the growth of global life science instrumentation market. A the same time rising number of clinical research projects in the Asian countries is fueling the growth of life science instrumentation in Asian countries.

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The major players operating in global life science instrumentation market include Shimadzu Corporation, Danaher Corporation, F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Bruker Corporation, Illumina, Inc., Agilent Technologies, Inc., PerkinElmer, Inc., Waters Corporation and many more.

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