Life Sciences and Laboratory Equipment Market by Technology (Spectroscopy, Chromatography, Lab Automation, Surface Science, DNA Amplification & Sequencing, Immunoassay Analyzer, Flow Cytometry, Microarray, Electrophoresis) and End User- Global Forecast to 2023
Life sciences and laboratory equipment have wide applications in studying interactions, detection, quantification, qualification, and handling of biomolecules to develop biotechnology and life sciences research. Global life sciences and laboratory equipment market is expected to reach USD 55.932.4 million by 2023, at a CAGR of 7.2% during the forecast period of 2018 to 2023.
Succeeding an extensive secondary and primary research on the global life sciences and laboratory equipment market and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities in the market dynamics segment. Government initiatives, increasing investments and funding for life sciences, increasing clinical capabilities, expansion in the various application areas, and growing academic-industry collaborations are majorly driving the global life sciences and laboratory equipment market. However, high cost of instruments may retard the growth of this market to some extent.
In addition, the report further gives an extensive outlook on various industries/facilities served by the life sciences and analytical instruments such as pharmaceuticals and biotechnology, environmental testing, academic research institutes, agriculture and food, hospitals & diagnostic laboratories, and forensic laboratories. These end user segments further briefly talk about the trends impacting the growth of these markets and the benefits involved with the use of life sciences and laboratory equipment in these verticals to improve overall efficiency and outcomes of the life sciences research experiment for drug discovery programs.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights for the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies North America to be the largest market followed by Europe, Asia Pacific, and Rest of World. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2014-2017). The key players in the global life sciences and laboratory equipment market are Agilent Technologies, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), F. Hoffmann-La Roche AG (Switzerland), PerkinElmer, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Waters Corporation (U.S.), Bruker Corporation (U.S.), and Shimadzu Corporation (Japan).
Scope of the report
Market by Technology: