Discover trends, market shifts, and competitive outlooks for the biotechnology instruments industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Biotechnology Instruments Market Expected to Grow Between 2025 And 2029?

Recent years have seen a significant enlargement of the biotechnology instruments market size. The forecast points to growth from $75.64 billion in 2024 to $80.9 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%. Various factors can explain this trend, including a higher occurrence of chronic disease complications, an intensified emphasis on digital solutions, an increased geriatric population, a surge in demand for reverse transcription polymerase chain reaction (RT-PCR) tests and a trend towards miniaturization.

Anticipated robust expansion is forecasted in the biotechnology instruments market in the coming years, with a projected growth to $104.52 billion by 2029, representing a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this prediction for expansion during the forecasted period include a surge in biotechnology research, rising health care expenditures and lost productivity, increased applications of medical lasers, mounting demand for the creation of vaccines, drugs, treatments, and diagnostic tools, and a growing disease burden. Key trends expected to have an impact during this forecast period encompass technological progress, innovations, developments in the biotechnology sector, the employ of artificial intelligence and machine learning, as well as advancements in the field of genomics and proteomics.

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What are the Fundamental Drivers and Innovations Shaping the Biotechnology Instruments Market?

The anticipated surge in chronic diseases is predicted to stimulate the expansion of the biotechnology instruments market. Chronic diseases, also referred to as persistent conditions or long-term illnesses, are medical issues that last for a long period, generally over three months. The rise in chronic diseases can be attributed to poor lifestyle decisions, an aging population, and improved awareness and detection. Biotechnology tools significantly enhance the life quality of patients suffering from chronic diseases by boosting diagnostic precision, streamlining treatments, and allowing efficient disease control. These instruments assist in pinpointing prospective drug candidates and studying their impact on chronic ailments. For example, data from the National Center for Biotechnology Information, a US-based intergovernmental organization, revealed that in January 2023, there were 1,958,310 new incidences of cancer and 609,820 fatalities due to cancer in the United States. Further, in May 2021, according to the National Library of Medicine, another US-based medicine library, predicted that the global cancer load would grow to 28.4 million cases by 2040 – a significant jump of 47% from 2020. Based on these factors, the escalating demand for chronic disease treatments is fueling the growth of the biotechnology instruments market.

How Is the Biotechnology Instruments Market Segmented?

The biotechnology instrumentsmarket covered in this report is segmented –

1) By Product: Lab Automation Instruments, Life Science Consumables, In Vitro Diagnostic (IVD) Instruments

2) By Application: Clinical Diagnostics, Drug Discovery And Development, Proteomics And genomics, Cell Analysis, Other Applications

3) By End-user: Pharmaceutical And Biotechnology Companies, Hospitals And Diagnostic Laboratories, Academic And Research Institutes, Other End Users

Subsegments:

1) By Lab Automation Instruments: Robotic Liquid Handlers, Automated Plate Readers, Automated Workstations, Lab Sample Storage Systems

2) By Life Science Consumables: Reagents And Chemicals, Sample Collection And Transport Devices, Laboratory Plasticware, Culture Media And Kits

3) By In Vitro Diagnostic (IVD) Instruments: Molecular Diagnostic Instruments, Clinical Chemistry Analyzers, Hematology Analyzers, Immunoassay Analyzers

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Which Regions Are Driving the Next Phase of the Biotechnology Instruments Market Growth?

North America was the largest region in the biotechnology instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biotechnology instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Trends Are Shaping the Future of the Biotechnology Instruments Market?

Key players in the biotechnology instruments market are concentrating their efforts on creating novel products, like single-cell multi-omics items, to augment personalized medicine techniques and promote research in genomics, proteomics, and metabolomics. Single-cell multi-omics items are sophisticated tools that assess varied types of biological data from solo cells. These commodities collate data from various omics strata such as genomics, transcriptomics, proteomics, and metabolomics. For instance, the biotechnology firm based in Germany, Singleron Biotechnologies, in June 2023, unveiled two inventive instruments, the NEO and the Python Junior, to improve single-cell analysis workflows’ standardization. The Neo system has the ability to process up to half a million cells concurrently across four distinct channels, enabling high capacity and adaptability in managing various applications concurrently. The Python Junior instrument is specifically designed to dissociate solid tissues into superior single-cell suspensions. It fuses mechanical treatment with enzymatic digestion, thereby boosting the efficiency of the dissociation procedure.

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How Is the Biotechnology Instruments Market Defined and What Are Its Core Parameters?

Biotechnology instruments refer to the specialized equipment and tools used in biotechnology laboratories to conduct research, develop products, and perform various biological processes. These instruments are essential for manipulating biological systems and organisms and facilitating advancements in medicine, agriculture, and environmental science.

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