Lab Analytical Instrumentation Market By Type (Element Analysis, Separation Analysis, and Molecular Analysis), By End-user (Hospitals, Diagnostic Laboratories, Pharmaceutical, and Biotechnology), and By Region - Trends, Analysis, and Forecast till 2029

Lab Analytical Instrumentation Market accounted for USD 10.4 Billion in 2020 and is estimated to be USD 18.7 Billion by 2029 and is anticipated to register a CAGR of 6.8%.
Laboratory instrument is a general term used for all kinds of instruments, vessels, and other tools required for operations in various laboratories, synthesis and analysis. Laboratory instruments has high quality and durability in order to meet the high standards in laboratory technology. Examples of analytical instruments include chromatographs (e.g. GC and HPLC), mass spectrometers, spectrometers (e.g. AAS, X-ray, and fluorescence), titrators, particle size analyzers, elemental analyzers (e.g. salt analyzers, CHN analyzers), rheometers, thermal analyzers, and more.

Vendors involved in lab analytical instrumentation are implementing Artificial Intelligence (AI), machine learning, cloud services, and Big Data Analytics to enhance visibility across the supply chain, operations, and manufacturing. The design of instruments that are automated, sophisticated, and simple to use and maintain, thus driving the growth of the target market.

Additionally, favourable regulations related to food, product development, environmental, and pharmaceutical industries to confirm safety and authenticity are propelling the growth of the lab analytical instrumentation market. Moreover, there is a high demand for more accurate, faster, less human-centric operations and automated operations which creates greater revenue opportunities for the global market growth.

Organizations across the world are focusing on lowering production costs and optimizing productivity without compromising the quality of their offerings, this is influencing the global market for analytical instrumentation. Corporations across the globe are investing huge amounts on quality control and research & development, in order to expand their product portfolio to capture market share; this is enhancing the demand for analytical instrumentations. Conversely, the analytical instrumentation market itself is facing technical and regulatory challenges.

The global lab analytical instrumentation market is segmented based on the type, end-user, and region.

On the basis of the type, the global lab analytical instrumentation market is segmented into element analysis, separation analysis, and molecular analysis. Based on the end-user, the target market is segmented into hospitals, diagnostic laboratories, pharmaceutical, and biotechnology.

 Regional Insights:

In the region, the global lab analytical instrumentation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the major share in the target market on account of amount spend on R&D and a prominent share in Oil & Gas, Pharma & Biopharma industry, life science, and materials science sectors. The U.S. is a protruding market and home to leading pharmaceutical vendors. Hence, the U.S. pharmaceutical industry is gradually spending on R&D. The region registers the highest share of the global pharmaceutical industry, due to the demand and production of various pharma products and services; this is projected to drive the analytical instruments market growth.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029.  For the purpose of this study, has segmented the global lab analytical instrumentation market report based on type, end-user, and region.

Global Lab Analytical Instrumentation Market, By Type:

• Element Analysis
• Separation Analysis
• Molecular Analysis

 Global Lab Analytical Instrumentation Market, By End-user:

• Hospitals
• Diagnostic Laboratories
• Pharmaceutical
• Biotechnology

Global Lab Analytical Instrumentation Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the global lab analytical instrumentation market include Agilent Technologies, Analytik Jena AG, Waters Corporation, Thermo Fisher Scientific, Citotest Labware Manufacturing Co. Ltd., Chemglass Life Sciences Inc., Danaher Corporation, SP Industries, PerkinElmer, and Kimble Chase. The major vendors in the global analytical instruments market focus to expand its product portfolio catering to different requirements of the customers. Additionally, smaller vendors operating in niche segments are involved in providing customizations and customer-specific orders.

• Agilent Technologies
• Analytik Jena AG
• Waters Corporation
• Thermo Fisher Scientific
• Citotest Labware Manufacturing Co. Ltd.
• Chemglass Life Sciences Inc.
• Danaher Corporation
• SP Industries
• PerkinElmer
• Kimble Chase