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Life Science & Chemical Instrumentation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Life Science & Chemical Instrumentation is segmented by Technology, End User (Hospitals and Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Contract Research Organization (CRO), Academia & Research Institutes) , and Geography

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Market Snapshot

life science 38 chemical instrumentation market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.1 %

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Market Overview

Life science & chemical instrumentation market is primarily driven by the growing R&D activities and the growing burden of diseases worldwide. In Addition, The growing investment from the pharmaceutical industry in drug discovery and development will boost the demand for life science instruments for drug validation. Additionally, growing increasing public-private investments in life science research, technological advancements in analytical instruments are driving the market of life science instruments and chemicals. However, the lack of skilled professionals, the high cost of life science & chemical instrumentation is further impeding the growth of the market.

Scope of the Report

Instrumentation in Life Sciences & chemical addresses different aspects of instrumentation that hold the keys to cutting-edge research and innovative applications. Various kinds of conventional instruments have been used in the life sciences and chemistry fields. Technology for the life sciences and chemistry has advanced tremendously in the past ten years in both the public and private sectors.

By Technology
PCR
DNA Sequencers & Amplifiers
Flow Cytometry
Spectroscopy
Electrophoresis
Chromatography
Centrifuges
Other Technologies
By End Users
Hospitals and Diagnostic Centers
Pharmaceutical and Biotechnology Companies
Contract Research Organization (CRO)
Academia & Research Institutes
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Chromatography holds the major share in Life Science & Chemical Instrumentation Market

  • Chromatography is an analytical instrument that measures the content of various analytes in a given sample, and in many cases helps to quantify the analyte. Chromatography is mostly done to analyze compounds that can are in a liquid state, and in case of gas chromatography (GC), the analytes can be vaporized without decomposition.
  • It is widely used to test the purity of substances or to separate a mixture into its basic components. Chromatography has a profound use in analytical chemistry, owing to its ability to offer excellent features, like accurate separation capabilities, reproducibility, and quicker separation. Chromatography method is used in many pharmaceutical applications, such as identifying the amount of chemical in drugs
  • The increased use of chromatography tests in drug approvals and rising support from the government in the form of funds are considered to contribute to the market growth over the forecast period.
  • For instance, in August 2019, ThermoFisher Scientific expanded the analytical instrument portfolio of the US FDA class I medical devices for clinical diagnostic laboratories, which now include Vanquish MD High Performance Liquid Chromatography system, TSQ Altis MD Series mass spectrometer, and Quantis MD Series mass spectrometer for routine testing
projections r&D US.png

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North America Holds the Largest Market Share

In North America, chemical instrumentation technology is used in many applications. Chemical instrumentation has proven to be an effective technology for final production testing, pharmaceutical applications, environmental monitoring, and food testing, among others. Other factors propelling the growth of North America life science and chemical instrumentation market, include increasing need for drug discovery, rising prevalence of chronic diseases, and augmented demand for rising food safety concerns. Moreover, the increasing focus on the development of new and improved drug assessment techniques, to discover highly complex drugs, has played a vital role in the evolution of innovative chemical methods in the region, which further drives the North America life science and chemical instrumentation market. For instance, in March 2020, Agilent introduced the next-generation clinical edition triple quadrupole LC/MS system, the K6460S, which is listed as a Class I medical device with the US Food and Drug Administration. This system is designed to improve the workflows in clinical labs.

Life Science & Chemical Instrumentation Market

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Competitive Landscape

Market players in life science and chemical instrumentation market are focusing on the expansion of their product portfolios by adopting inorganic growth strategies such as acquisitions, mergers, and partnerships. While only a few companies are coming forward with innovative technologies and new product launches.

For instance, in February 2018 - Bruker Corporation acquired IRM2, a developer of high-speed infrared (IR) imaging microscopes based on quantum cascade laser (QCL) technology and in June 2017 - Bio-Rad Laboratories, Inc. announced the launch of CFX Maestro Software for CFX Real-Time Instruments, a complete workflow solution for real-time PCR data collection and analysis.

life science 38 chemical instrumentation market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Spending on Pharmaceutical R&D

      2. 4.2.2 Technological Advancements in Analytical Instruments

      3. 4.2.3 Increasing Public-Private Investments in Life Science Research

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Instruments

      2. 4.3.2 Lack of Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 PCR

      2. 5.1.2 DNA Sequencers & Amplifiers

      3. 5.1.3 Flow Cytometry

      4. 5.1.4 Spectroscopy

      5. 5.1.5 Electrophoresis

      6. 5.1.6 Chromatography

      7. 5.1.7 Centrifuges

      8. 5.1.8 Other Technologies

    2. 5.2 By End Users

      1. 5.2.1 Hospitals and Diagnostic Centers

      2. 5.2.2 Pharmaceutical and Biotechnology Companies

      3. 5.2.3 Contract Research Organization (CRO)

      4. 5.2.4 Academia & Research Institutes

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Agilent Technologies Inc.

      2. 6.1.2 Becton, Dickinson & Company

      3. 6.1.3 Bio-Rad Laboratories Inc.

      4. 6.1.4 Bruker Corporation

      5. 6.1.5 Danaher Corporation

      6. 6.1.6 F. Hoffmann-La Roche Ltd

      7. 6.1.7 Illumina Inc.

      8. 6.1.8 PerkinElmer Inc.

      9. 6.1.9 Thermo Fisher Scientific Inc.

      10. 6.1.10 Waters Corporation

      2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Life Science & Chemical Instrumentation Market market is studied from 2018 - 2026.

The Life Science & Chemical Instrumentation Market is growing at a CAGR of 7.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Agilent Technologies Inc., PerkinElmer, Inc, Bruker Corporation, Thermo Fisher Scientific Inc., Waters Corporation are the major companies operating in Life Science & Chemical Instrumentation Market.

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