The Infinium Global Research analyzes the Life Science Instrumentation Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global life science instrumentation market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of life science instrumentation. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the life science instrumentation market during the period. The global life science instrumentation market is projected to grow at a CAGR of 8.0% over the forecast period of 2018-2024.
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Life science instrumentation are used in industrial laboratories, biotechnology industry, pharmaceutical industries, and academic institutes for research & development activities. The advancement in technology and reductions in sequencing cost with the help of next generation sequencing (NGS) is driving the growth of the market. The demand for single cell analysis is growing as it offers more details on the genetic analysis, another factor that is likely to drive demand for instruments such as NGS tools and flow cytometers. The spectroscopy, chromatography, PCR, immunoassays, clinical chemistry analyzers, flow cytometry are the technology used in life science instrumentation.
Sequencing Technology Helps to Understand the Root Cause of a Disease thus Increasing Focus on NGS is Likely to Boost the Growth of the Market
The sequencing technology helps to understand the root cause of a disease thus increasing focus on NGS is likely to boost the growth of the market. Increasing government funding for R&D and favorable policies is another factor that propel the growth of this market. The technology advancement such as user-friendly and advanced bioinformatics tools will drive the demand of life science instrumentation market. On the other hand, high cost associated with drug discovery process, shortage of funding in the emerging economies are likely to restraint the growth of the market. Additionally, saturation of research instruments in diagnostics application is likely to hamper the growth of the market.
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North America is Expected to Be the Largest Market
Among the regions, North America is expected to be the largest market for life science technology owing to the increasing government support and investment for research in biotechnology. The presence of the leading companies in the life sciences is another factor that drive the growth in North America region. The presence of the medical devices industry and the growing acceptance of innovations in the manufacturing sector in Europe will drive the demand for the life sciences instrumentation market in the region. The growth in Asia-Pacific is mainly driven by the presence of pharmaceutical and biotech companies in the emerging countries such as China and India. For instance, BD Biosciences have financed localized R&D facilities in China.
Segments in the Life Science Instrumentation Industry
The report on global life science instrumentation market covers segments such as, technique and end user. On the basis of technique, the global life science instrumentation market is categorized into spectroscopy, chromatography, PCR, immunoassays, clinical chemistry analyzers, flow cytometry and others. On the basis of end user the global life science instrumentation market is categorized into pharmaceutical and biotech companies, hospitals, diagnostic laboratories and others.
Key Players in the Life Science Instrumentation Market
The report provides profiles of the companies in the global life science instrumentation market such as, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Becton, Dickinson, and Company, Danaher Corporation, Bio-Rad Laboratories Inc., GE Healthcare, Perkinelmer Inc., Merck KGaA, Hitachi High-Technologies Corporation and Others.
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- Comprehensive analysis of global as well as regional markets of the life science instrumentation.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.