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Wednesday, October 11, 2023

Global Analytical Instrumentation Market is anticipated to grow at a CAGR of 6% during 2024 to 2030

The future of the global analytical instrumentation market looks promising with opportunities in the life sciences R&D, clinical & diagnostic analysis, food & beverage analysis, forensic analysis, and environmental testing markets. The global analytical instrumentation market is expected to reach an estimated $72.9 billion by 2030 with a CAGR of 6% from 2024 to 2030. The major drivers for this market are growing demand for analytical instruments within the pharmaceutical and biotechnology sectors, emergence of stringent environmental regulations, and on-going advancements in technology like creation of portable and handheld instruments.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the analytical instrumentation market by product (instruments, services, and software), technology (polymerase chain reaction, spectroscopy, microscopy, chromatography, flow cytometry, sequencing, microarray, and other technologies), application (life sciences R&D, clinical & diagnostic analysis, food & beverage analysis, forensic analysis, environmental testing, and other applications), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, instruments, services, and software are the major segments of analytical instrumentation market by product. Lucintel forecasts that instruments will remain the largest segment over the forecast period due to significant presence of numerous companies providing wide range of analytical instruments, such as mass spectrometers, chromatographs, sequencers, and microscopes, as well as, key industry players expanding their instrument portfolios by introducing new products.

Within this market, life sciences research & development will remain the largest segment over the forecast period due to increasing cases of chronic diseases that has stimulated research and development efforts in various life sciences sectors to innovate and produce new biologics, including spectroscopy and uv-vis spectroscopy which are employed for antibody classification.

North America will remain the largest region over the forecast period due to presence of robust healthcare system and thriving pharmaceutical sectors, ongoing progress in analytical instrumentation, coupled with the widespread affordability and adoption of innovative and advanced instruments in the region.

Thermo Fisher Scientific, Shimadzu, Danaher, Agilent Technologies, Bruker, Perkinelmer, Mettler Toledo, Zeiss Group, Bio-Rad Laboratories, and Illumina are the major suppliers in the analytical instrumentation market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

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

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