Scientific Instrument Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Scientific instruments refer to laboratory equipment which are designed, constructed and refined for scientific purposes. These instruments include ammeter, barometer, chromometer, galvanometer, hydrometer, photometer, phonograph, etc. which are used for analysing, measuring and verifying the unproven properties and quantities of a material or an element. Scientific instruments form an important component of new product development and innovating and remodelling the existing products. In modern times, research institutes use these instruments to achieve optimum efficiency in their research processes as well. According to the latest report by IMARC Group, titled “Scientific Instrument Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global scientific instrument market reached a value of US$ 32 Billion in 2017.
The major demand driver of the global scientific instrument market is the growth of the research and development sector. Additionally, the rising collaboration between the governments and manufacturers to provide the best instruments in government and university laboratories, and various other research institutions is anticipated to contribute to the market growth across the globe. Further, the integration of scientific instruments with computers extends and enhances instrumental functions, offers parameter adjustments & conditions and streamlines data sampling, collection, resolution & analysis. This is expected to expand the demand for scientific instruments worldwide. Owing to these factors, the market value is projected to exceed US$ 41 Billion by 2023, expanding at a CAGR of 4.1% during 2018-2023.
Market Summary:
Based on the end-use sectors, the report has segregated the market as industrial, government institutes and academics. Currently, industrial users dominate the market, accounting for the largest share.
On the basis of application, the market has been segmented into scientific clinical analyzers and scientific analytical instruments. Amongst these, scientific clinical analyzers are the most popular application segment, holding the majority of the global share.
The report has segmented the global scientific instruments market on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The competitive landscape of the market has also been examined with some of the key players being Agilent, Bruker, Danaher, Horiba, Thermo Fisher, Waters, Roche, Pelkin Elmer and Merck.
This report provides a deep insight into the global scientific instrument market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the scientific instrument market in any manner.
Key Questions Answered in This Report:
How has the global scientific instrument market performed so far and how will it perform in the coming years?
What are the key regions in the global scientific instrument market?
Which are the key applications types in the global scientific instrument market?
What are the key end-use segments in the global scientific instrument market?
What are the various stages in the value chain of the global scientific instrument market?
What are the key driving factors and challenges in the global scientific instrument market?
What is the structure of the global scientific instrument market and who are the key players?
What is the degree of competition in the global scientific instrument market?
How is scientific instrument manufactured?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Scientific Instrument Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Price Analysis
- 5.3.1 Price Indicators
- 5.3.2 Price Structure
- 5.3.3 Margin Analysis
- 5.4 Market Breakup by End-Use
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Overview
- 5.9.2 Research and Development
- 5.9.3 Raw Material Procurement
- 5.9.4 Manufacturing
- 5.9.5 Marketing
- 5.9.6 Distribution
- 5.9.7 End-Use
- 5.10 Porters Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
- 6 Market Breakup by End-Use
- 6.1 Industrial
- 6.2 Government Institutes
- 6.3 Academics
- 7 Market Breakup by Application
- 7.1 Scientific Clinical Analyzers
- 7.2 Scientific Analytical Instruments
- 8 Market Breakup by Region
- 8.1 North America
- 8.2 Europe
- 8.3 Asia Pacific
- 8.4 Middle East & Africa
- 8.5 Latin America
- 9 Scientific Instrument Manufacturing Process
- 9.1 Product Overview
- 9.2 Raw Material Requirements
- 9.3 Manufacturing Process
- 9.4 Key Success and Risk Factors
- 10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
- 10.3 Profiles of Key Players
- 10.3.1 Agilent
- 10.3.2 Bruker
- 10.3.3 Danaher
- 10.3.4 Horiba
- 10.3.5 Thermo Fisher
- 10.3.6 Waters
- 10.3.7 Roche
- 10.3.8 Pelkin Elmer
- 10.3.9 Merck
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