The Global Life Science & Chemical Instrumentation Market is expected to reach $57.03 billion by the end of 2021 growing at a CAGR of around 7.6% from 2016 to 2021. Analytical chemistry is a science close to pure chemistry. The main goal of analytical chemistry is to develop and apply new methodology and instrumentation with the target of providing information on the nature and composition of matter. Chemical instrumentation deals with the study of methods and their diverse techniques designed to solve the concrete problems of analysis. The modern chemical analysis is based on physico-chemical measurements obtained through the use of variety of instruments.
U.S. is considered to be the largest life science & chemical instrumentation market due to rapid technological advancements in the field of instrumentation. The Global Life Science & Chemical Instrumentation Market is segmented on the basis of Technology (Micro-arrays, Lab Automation, DNA Sequencing, Flow Cytometry, Spectroscopy, Electrophoresis, Chromatography, Immunoassay and Others), End Users (Healthcare Providers, Pharmaceutical & Biotechnology Companies, Contract Research Organization (CRO), Academia and Clinical laboratories) and region (North America, Europe, Asia Pacific and Rest of the World).
Increased spending on new instruments, higher levels of investment in clinical research, rise in the incidences of chronic diseases and growing food safety concerns are some of the factors augmenting the market growth.
Requirement of skilled personnel, high cost of instruments, and large number of market players are some of the reasons hampering the growth of the market.
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