Top Trends Driving Innovation and Change in the Life Science And Chemical Instrumentation Market: Advancements In Analytical Instruments Drive Innovation In The Life Science And Chemical Instrumentation Market
Discover trends, market shifts, and competitive outlooks for the life science and chemical instrumentation industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Is the Current and Projected Market Size of the Life Science And Chemical Instrumentation Market Through 2034?
The market size for life science and chemical instrumentation has been witnessing robust growth in the past few years. It is projected to escalate from $58.23 billion in 2024 to $62.3 billion in 2025, maintaining a compound annual growth rate (CAGR) of 7.0%. The historic growth rate can be correlated with factors such as amplified R&D endeavours, strict regulations, an increase in healthcare spending, the globalization of research, and governmental legislation.
In the upcoming years, the life science and chemical instrumentation market is predicted to experience robust growth, with a projected value of $85.57 billion in 2029, reflecting an 8.3% compound annual growth rate (CAGR). This anticipated increase over the forecast period is due to the escalating regulatory complexity, an expansion in personalized medicine applications, growth in emerging markets, and an increasing emphasis on environmental testing. The foreseeable trends for this period are expected to be technological progress in analytical instruments, product innovations, emphasis on green and sustainable technologies, and the integration of IoT and big data analytics.
Download a free sample to assess the report’s scope and structure:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8902&type=smp
What External and Internal Drivers Are Contributing to the Growth of the Life Science And Chemical Instrumentation Market?
The rise in chronic diseases is anticipated to fuel expansion in the life science and chemical instrumentation market. A chronic disease can be described as a health condition or ailment that persists for at least a year but could become more severe over time, demanding constant medical care, interfering with daily tasks, or both. Some of the most common chronic illnesses include cancer, heart disease, stroke, diabetes, and arthritis. Life science and chemical instruments are crucial for quality testing of products, supervising and controlling processes in manufacturing units, scrutinizing the quality of food products, and managing laboratory information related to chronic diseases. For instance, the American Cancer Society, a US-based non-profit organization dedicated to cancer awareness, estimated in January 2022 that the US is expected to see about 1.9 million new cancer cases and 609,360 deaths from cancer, resulting in an estimated 1,670 deaths per day. Hence, the escalating prevalence of chronic diseases propels the growth of the life science and chemical instrumentation market.
What Segment Types Define the Life Science And Chemical Instrumentation Market Structure?
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
Request customized data on this market:
https://www.thebusinessresearchcompany.com/customise?id=8902&type=smp
Which Geographic Areas Hold the Strongest Growth Potential in the Life Science And Chemical Instrumentation Market?
North America was the largest region in the life science and chemical instrumentation market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the life science and chemical instrumentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Long-Term Trends Are Transforming the Competitive Landscape of the Life Science And Chemical Instrumentation Market?
In the life science and chemical instrumentation market, the surge in technological enhancements of analytical instruments is a prevailing trend. To solidify their market standing, top-tier companies in this market are concentrating on the delivery of ground-breaking technologies. For instance, Shimadzu Corporation, an analytical instruments manufacturer based in Japan, introduced a new product Brevis GC-2050 in October 2023. The device is adept at offering ultra-scalability with the ability to link to auto-samplers, mass spectrometers, among other accessories, while keeping a slim width of only 35 cm. It also offers the benefit of slashing energy consumption by 30% in comparison to standard models and reduces helium use which fosters environmental sustainability. The Brevis GC-2050 is an advanced, compact gas chromatography system that integrates smart automated features.
View the full report here:
What Is the Definition of the Life Science And Chemical Instrumentation Market?
Life science and chemical instrumentation refer to medical devices that are utilized to serve the purpose of a quality test of the products, control and monitor the process in manufacturing plants, test the quality of food products, and handle laboratory information. These are used to monitor and regulate processes in research and development activities in industrial laboratories, the pharmaceutical industry, biotechnology, and academic sectors.
Purchase the full report and get a swift delivery:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8902
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
