Global Scientific Instrument Market 2020-2024
Technavio has been monitoring the scientific instrument market and it is poised to grow by $ 16 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on scientific instrument market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in global R&D investments and growing prevalence of chronic diseases. In addition, increase in global R&D investments is anticipated to boost the growth of the market as well.
The scientific instrument market analysis includes product segment and geographical landscapes
Technavio's scientific instrument market is segmented as below:
- Laboratory analytical instruments and consumables
- Measuring and monitoring devices
By Geographical landscapes
- North America
- South America
This study identifies the emergence of innovative products as one of the prime reasons driving the scientific instrument market growth during the next few years.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our scientific instrument market covers the following areas:
- Scientific instrument market sizing
- Scientific instrument market forecast
- Scientific instrument market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading scientific instrument market vendors that include ABB Ltd., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corp., Danaher Corp., HORIBA Ltd., Oxford Instruments Plc, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc.. Also, the scientific instrument market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.