Increasing investment by pharmaceutical companies towards research & development activities in drug discovery, analysis and modelling of novel compounds for catering the rise in diseases is driving the demand for life science instruments. For instance, the U.S. Department of Commerce highlighted that each year pharmaceutical companies in the nation spend over US$ 75 billion in research activities. In similar instance, the Association of the British Pharmaceutical Industry stated that pharmaceutical industry recorded the highest research and development expenditure with an estimate of 20.4% of total sales. Thus, the growing investment towards development of new drugs is propelling the global life science instruments market.
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Amidst the recent outbreak of COVID-19 pandemic, researchers are striving to develop effective medicines or vaccines for treating the affected and protecting the unaffected population. Pharmaceutical companies such as Astellas, AstraZeneca, Johnson & Johnson, Novartis and others are conducting research to develop effective diagnostics and treatment of coronavirus. These activities are anticipated to further inflate demand in the global life science instruments market.
In terms of revenue, global life science instruments market was valued at US$ 44.87 Bn in 2018 and is anticipated to grow at a CAGR of 6.5% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The detailed research study provides qualitative and quantitative analysis of life science instruments market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- The global life science instruments market was valued at US$ 44.87 Bn in 2018 and is anticipated to witness a compound annual growth rate of 6.5% over the forecast period owing to high demand from wide array of applications.
- Direct distribution channels are anticipated to witness high growth in global life science instruments market due to growing adoption of online sales platform by customers as well as companies owing to its convenience, cost savings and better experience.
- North America held the highest market share in global life science instruments market in 2018. Asia Pacific is expected to register the highest growth rate over the period of next eight years due to the growing pharmaceutical industry coupled with emergence of local players to meet the regional demand.
- Some of the players operating in the life science instruments market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Bruker, Cytiva, Danaher., Eppendorf AG, Hitachi High-Tech Corporation, METTLER TOLEDO, NIKON CORPORATION, OLYMPUS CORPORATION, PerkinElmer Inc., PHC Corporation, Roche Molecular Systems, Inc., Shimadzu Corporation, Spectris, Thermo Fisher Scientific, Waters Corporation and ZEISS amongst others.
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Global Life Science Instruments Market:
- By Offering
- Products
- Chromatography
- Liquid Chromatography (LC)
- Liquid Chromatography/Mass Spectrometry (LC/MS)
- Gas Chromatography (GC)
- Thin Layer Chromatography
- Gas Chromatography/Mass Spectrometry (GC/MS)
- Electrophoresis and Blotting
- Next-Generation Sequencing (NGS) Systems
- Flow Cytometer Systems
- Cell Analyzer
- Cell Sorter
- Cell Imaging
- Plate Readers
- Microscopes
- Others
- Cell Counting
- Automated Cell Counter
- Manual Cell Counter
- Polymerase Chain Reaction (PCR)
- Digital PCR
- Real Time PCR
- Liquid Handling Systems
- Automated Liquid Handling Systems
- Manual Liquid Handling Systems
- Protein Sample Preparation & Interaction Systems
- Centrifuges
- Ultracentrifuges
- Mini and Microcentrifuges
- High Speed Centrifuges
- Large Capacity Centrifuges
- Others
- Air Particle Counters
- Particle Size Analyzer
- Total Organic Carbon (TOC) Analyzer
- General Laboratory Equipment
- Incubators
-
- CO2 Incubators
- Multigas Incubators
- Heated Incubators
- Cooled Incubators
- Others
-
- Freezers & Refrigerators
-
- Pharmaceutical / Vaccine Refrigerators
- Blood Bank Refrigerators
- Lab Freezers
- Biomedical Freezers
- Others
-
- Lab Ovens & Furnaces
- Water Baths, Circulators & Chillers
- Water Purification
- Lab Shakers
- Lab Automation Systems
- Others
- Incubators
- Others
- Services
- Support & Maintenance Services
- Training & Education Services
- Others
- Services
- By Application
- Research, Drug and Development
- Genomics
- Molecular Diagnostics
- Cell Biology
- Protein Biology
- Environmental Analysis
- Food Testing and Agriculture
- Energy and Chemicals
- Forensics
- Others
- By End Users
- Universities
- Government
- Biotechnology and Pharmaceutical Companies
- Hospitals
- Laboratories
- Others
- By Distribution Channel
- Direct
- Indirect
- By Region
- North America
- U.S
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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