Life Science And Chemical Instrumentation Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theLife Science And Chemical Instrumentation Market?
The escalating rate of chronic illnesses is projected to catalyze the expansion of the life science and chemical instrumentation market in the future. Chronic illnesses are conditions or diseases that persist for more than a year, and they can potentially worsen, necessitating ongoing healthcare, limiting daily activities, or both. The most common types of chronic diseases include cancer, heart disease, stroke, diabetes, and arthritis. Life science and chemical instrumentation are employed for quality testing of products, process regulation and observation in manufacturing plants, food products quality assessment, and chronic disease laboratory information management. For instance, the American Cancer Society, a cancer awareness organization based in the US, forecasted in January 2022 that an estimated 1.9 million new cancer cases and 609,360 cancer-related fatalities are expected in the US, amounting to approximately 1,670 deaths daily. Thus, the rise in the incidence of chronic diseases is propelling the life science and chemical instrumentation market’s expansion.
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#What Growth Opportunities Will Drive the Life Science And Chemical Instrumentation Market’s CAGR Through 2034?
In recent times, there has been substantial growth in the life science and chemical instrumentation market. It is predicted to expand from $58.23 billion in 2024 to $62.3 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%. The surge in growth during the earlier timeframe can be credited to an increase in R&D efforts, tougher regulations, escalated healthcare spending, as well as the global spread of research and governmental regulations.
The market size of the life science and chemical instrumentation sector is projected to witness robust expansion in the coming years, reaching $85.57 billion in 2029 with a CAGR of 8.3%. The projected growth within this timeframe can be ascribed to the escalating regulatory complexities, the broadening application horizon in the realm of personalized medicine, the rise of nascent markets, and an increased emphasis on environmental testing. Key trends for this period encompass technological progression in analytical devices, product innovation, emphasis on sustainable and eco-friendly technologies, and integration of IoT and big data analytics.
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Which Upcoming Market Trends and Innovations Are Set to Influence theLife Science And Chemical Instrumentation Market’s Path Forward?
Emerging technologies in analytical instruments represent a key trend that is increasing in prevalence in the life science and chemical instrumentation market. Established companies operating in this market are focusing on delivering pioneering technologies to consolidate their market position. For example, in October 2023, Japan-based Shimadzu Corporation, a producer of analytical instruments, introduced the Brevis GC-2050. This instrument is designed with scalability in mind, permitting connections to auto-samplers, mass spectrometers, and other accessories, yet only having a slim 35 cm width. It also manages to decrease energy consumption by 30%, relative to traditional models, and considerably limits the use of helium, driving environmental sustainability. The Brevis GC-2050 is an innovative, compact gas chromatography system that encompasses intelligent automation features.
Who Are the Dominant Market Players Pushing the Boundaries of theLife Science And Chemical Instrumentation Market?
Major companies operating in the life science and chemical instrumentation market are Agilent Technologies Inc., Becton Dickinson and Company, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, PerkinElmer Inc., Thermo Fisher Scientific Inc., Waters Corporation, F. Hoffmann-La Roche Ltd., Illumina Inc., Shimadzu Corporation, General Electric Healthcare LLC, Hitachi High-Technologies Corporation, JEOL Ltd., Oxford Instruments PLC, Rigaku Corporation, Sigma-Aldrich Corporation, SRI Instruments, Analytik Jena AG, Biochrom Ltd., BioTek Instruments Inc., Cole-Parmer Instrument Company LLC, Eppendorf AG, Harvard Bioscience Inc., HORIBA Ltd., Labconco Corporation, Mettler-Toledo International Inc., New England Biolabs Inc., QIAGEN N.V.
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What Are the Core Segments of the Life Science And Chemical Instrumentation Market, and How Do They Contribute to Growth?
The life science and chemical instrumentation market covered in this report is segmented –
1) By Technology: Polymerase Chain Reaction (PCR), DNA Sequencers and Amplifiers, Flow Cytometry, Spectroscopy, Electrophoresis, Chromatography, Centrifuges, Other Technologies
2) By Application: Cell Culture And Cell Therapy, Cancer Research, Drug Discovery, Genomics, In Vitro Fertilization, Bioprocess, Metabolomics, Proteomics, Other Applications
3) By End Users: Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Companies, Contract Research Organization (CRO), Academia And Research Institutes
Subsegments:
1) By Polymerase Chain Reaction (PCR): Real-Time PCR, Digital PCR, Standard PCR
2) By DNA Sequencers And Amplifiers: Next-Generation Sequencing (NGS), Sanger Sequencing
3) By Flow Cytometry: Cell Sorting, Multiparameter Analysis
4) By Spectroscopy: UV-Vis Spectroscopy, Mass Spectrometry, Infrared Spectroscopy
5) By Electrophoresis: Gel Electrophoresis, Capillary Electrophoresis
6) By Chromatography: Gas Chromatography (GC), High-Performance Liquid Chromatography (HPLC)
7) By Centrifuges: Benchtop Centrifuges, Ultracentrifuges
8) By Other Technologies: Microarray Technology, Immunoassay
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https://www.thebusinessresearchcompany.com/customise?id=8902&type=smpGlobal Life Science And Chemical Instrumentation Market, Global Life Science And Chemical Instrumentation Market Report, Global Life Science And Chemical Instrumentation Market Trends, Global Life Science And Chemical Instrumentation Market Size
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