Technological Advancement, Research and Development to Play Key Role in Driving Life Science Instrumentation Market Forward from 2019 to 2027: TMR Study

ALBANY, N.Y, Aug. 6, 2020 /PRNewswire/ -- From USD 55 billion in the year 2019, the global life science instrumentation market valuation is set to grow to USD 90 billion by the year 2027. This will be a result of a number of factors, influencing the market positively, helping it record a robust CAGR of 5.5% over the period 2019 to 2027.

Transparency Market Research notes, "The global life science instrumentation market will grow owing to increasing research and development activities in pharmaceutical industry. Rapidly ageing population and advancement in technology (along with digital disruption) are contributing to this increase."

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Key Findings of Global Life Science Instrumentation Market Study:

• In 2018, the pharmaceutical and biotechnology companies held a major share of the market under the end-user category and the trend is set to continue
• In drug manufacturing process, use of life science instrumentation is growing and this is set to help the aforementioned segment remain at the forefront of growth
• Over the forecast period, high growth rate would be charted by the segment of diagnostic laboratories
• In the applications category, research segment would hold a notable share of the market over the forecast period
• Need for novel drugs for rare diseases treatment and a growing focus on their rapid development is set to drive the segment towards growth

For a detailed analysis of global life science instrumentation market by technique, application, end-user, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/16265

Key Drivers of Growth in Global Life Science Instrumentation Market:

• Increase in incidence of infectious diseases is leading to growth in the global life science instrumentation market
• Prevalence of lifestyle diseases is notable and growing, contributing to demand for life science instrumentation
• Worldwide, the age group of 60 and above is seeing an increase in the number of its members
• Major market players are investing heavily in research and development (R&D) activities to achieve higher growth
• Rapid and notable strides in technology are set to propel market on to a higher growth trajectory

Analyze global life science instrumentation market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php

Regional Analysis of Global Life Science Instrumentation Market:

• North America has traditionally held a dominant share of the market and the trend is set to continue
• Factors such as high prevalence of lifestyle and infectious diseases and rapidly ageing population will support growth in the regional market
• Notable strides in technology and a rich product pipeline are contributing to regional dominance
• High CAGR will be recorded by the Asia Pacific (APAC) region over the forecast period due to notable research initiatives ongoing in the regional landscape

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Competitive Landscape of Global Life Science Instrumentation Market:

A host of varied growth strategies are used by players in the market to carve off a larger share of the global life science instrumentation market revenue. Keen focus is observed on expanding product portfolio and increasing reach by entering key alliances. Technology plays a major role in ensuring consolidated market position for players.

Some of the notable global life science instrumentation market players are Danaher, Thermo Fisher Scientific, Inc., Merck KGaA, Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., Illumina, Inc., PerkinElmer, Inc., BD, Bruker, and Hitachi High-Technologies Corporation, among others.

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Market Segmentation:

By Technique:

• Spectroscopy
• Chromatography
• Polymerase Chain Reaction
• Next-generation Sequencing
• Clinical Chemistry Analyzers
• Flow Cytometry
• Immunoassays
• Others

By Application:

• Research Applications
• Clinical Applications
• Others

By End user:

• Research Institutes
• Pharmaceutical and Biotechnology Companies
• Diagnostic Laboratories
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Clinical Chemistry Analyzers Market: Significant developments in the design of modern-day clinical chemistry analyzers are expected to define the path of the clinical chemistry analyzers market, which is poised expected to reach a value of ~US$ 16.3 Bn by 2027. Groundbreaking technological advancements, improved production techniques, and entry of cutting-edge software are some of the factors that are projected to accelerate the growth of the clinical chemistry analyzers market during the forecast period

Flow Cytometry Market: A substantial rise in the adoption of flow cytometry techniques in the clinical trials and research activities is projected to encourage the growth of the global flow cytometry market in the next few years. The increasing prevalence of cancer and HIV/AIDS and the technological developments are anticipated to attract a large number of players, thus enhancing the market growth in the near future.

Polymerase Chain Reaction (PCR) Market: Innovations and developments in pharmacogenomics and growing trend of self-diagnosis of disorders as a preventive measure are also expected to work in favor of the growth of the global polymerase chain reaction (PCR) market in the coming years of the forecast period.

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