The global life science instrumentation market is expected to grow with a CAGR of 5.6% from 2023 to 2028

According to a market report by Lucintel, the future of the global life science instrumentation market looks promising with opportunities in the hospital and diagnostic laboratories, pharmaceutical and biotechnology companies, academic and research institutes, agriculture and food industries, environmental testing labs, and clinical research organizations. The global life science instrumentation market is expected to reach an estimated $67.6 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are growing number of chronic and infectious diseases, increasing focus towards precision medicines, and rising demand for analytical instruments along with huge growth of the pharmaceutical and biotechnology industries globally.

In this market, spectroscopy, chromatography, PCR (polymerase chain reaction), immunoassays, lyophilization, liquid handling, clinical chemistry analyzers, microscopy, flow cytometry, next-generation sequencing, centrifuges, electrophoresis, cell counting are different segments of life science instrumentation market by technology. Lucintel forecasts that spectroscopy will remain the largest segment over the forecast period due to rising demand for advanced instruments in oncology research, increasing requirement for better sensitivity and enhanced speed, and growing adoption of real time analysis.

Within this market, hospitals and diagnostic laboratories segment will remain the largest segment because of existence of advanced facilities, improvement in the healthcare infrastructure in developing countries, along with the growing number of patients requiring diagnostics in hospitals.

North America will remain the largest region over the forecast period due to growing research and development activities, existence of large number of biotechnology and pharmaceutical companies, along with significant government funding for life science researches in this region.

Thermo Fisher Scientific, Danaher, Agilent Technologies, Shimadzu, Bio-Rad Laboratories, PerkinElmer, Bruker, and Hitachi Hightech are the major suppliers in the global life science instrumentation market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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