India: The Market for Analytical and Life Science Instrumentation

India 2025: The Market for Analytical & Life Science Instrumentation

The analytical instrumentation market is rapidly growing in India. India is the most populous country in the world, surpassing China since 2023. Its economy is projected to remain among the most rapidly growing through 2030. This key South Asian region plays a major role in global IT and business services, and in global manufacturing of electronics, pharmaceuticals, refined fuels, and food. India has grown its GDP rapidly in a tumultuous geopolitical time by dynamically meeting both domestic and international market demands. During the COVID-19 pandemic response, India expanded its vaccine-manufacturing endeavors to supply both domestic and international markets, while also continuing growth, especially of its consumer electronics, generic and biosimilar pharmaceuticals, and refined fuel industries. Since the conclusion of coordinated global pandemic response, India has begun to shift its focus away from life science industries to ramp up investments in its profitable service industry and various industrial manufacturing sectors. However, international companies in the pharma/bio and industrial sectors are expected to continue to invest in India-based manufacturing and applied R&D, driven by attractive tax incentives and infrastructure, as well as India’s relatively favorable position in the current US-Global tariff landscape.

Manufactured goods from India see broad demand domestically and internationally, which has contributed to continuous GDP growth. While its current government initiatives focus on increasing India’s domestic independence, simultaneously, the country continues to trade heavily with the US, EU, China, the Middle East, and Africa, as well as its South Asian neighbors. However, most of India’s manufacturing industries remain heavily reliant upon imports: crude oil, to supply its refined fuel industry; APIs and other chemicals from China to fuel its generic pharmaceutical exports; coal, steel, and components from elsewhere in Asia for its electronics manufacturing industry. Since 2022, India has controversially but profitably increased its crude oil imports from Russia, driven by attractive low costs offered by Russia in the face of US sanctions and EU boycotts related to the Ukraine war. India continues to heavily import crude oil from the US and Russia, to process in its domestic refineries to supply the growing need for fuels, both domestically and for export. International trade in refined fuels, minerals, and electronics components also support applied R&D and QA/QC functions relevant to industrial and applied markets, including regional environmental and food testing.

India’s most recent budget reiterates focus on enhancing its competitiveness, and funding participation in the emerging AI, semiconductor manufacturing, and quantum computing industries. These shifts in investment focus position India to address rising demand in AI-related services and electronics, batteries, and other technology goods such as chips and other hardware, all over the world.

India: The Market for Analytical and Life Science Instrumentation provides in-depth analysis of the lab-scale instrumentation market in India through market size estimates, five-year forecasts, and vendor market shares. The report additionally provides insights on regional trends, budgets, and vendor-specific financial and technology analysis in India.

Report Overview:

• Regional and industrial background on India
• International trade information specific to India’s markets
• Sector breakdown for India’s domestic and international initiatives
• Technology categories included in this report are:
• Chromatography
• Mass Spectrometry
• Atomic Spectroscopy
• Molecular Spectroscopy
• Life Science Instrumentation
• Surface Science
• Materials Characterization
• Lab Automation & Informatics
• Sample Preparation Techniques
• Lab Equipment
• Market forecasts for India in 2024 through 2029
• Techniques
• Sector End Markets
• Function
• Vendor market shares
• A timeline of recent political and economic developments related to India