Global Lab Analytical Instrumentation Market Overview
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. The global lab analytical instrumentation market accounted for US$ 10.4 billion in 2020 and is estimated to be US$ 18.7 billion by 2029 and is anticipated to register a CAGR of 6.8%.
Impact of COVID-19 on the market
The outbreak of COVID-19 has raised the demand for a number of kits and rapid tests. As screening is being performed at a massive scale during this outbreak hotspot. There is a huge demand for Covid-19 screening as a crucial factor for revenue growth in this market space. Additionally, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who might need critical care. Besides, there is an urgent requirement for a rapid acceleration in the manufacturing process for an extensive range of test-kits. This report will quantify the impact of this pandemic on the Lab Analytical Instrumentation market.
Global Lab Analytical Instrumentation Market Dynamics
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.
Global Lab Analytical Instrumentation Market Segmentation
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.
|
Attribute |
Details |
|
The base year for estimation |
2020 |
|
Forecast period |
2020 – 2029 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
|
Market Segmentation |
By Type - Element Analysis, Separation Analysis, and Molecular Analysis By End-user - Hospitals, Diagnostic Laboratories, Pharmaceutical, and Biotechnology |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Lab Analytical Instrumentation Market Key Players
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.
Global Lab Analytical Instrumentation Market Key Issues Addressed
Key Issues Addressed
Global Lab Analytical Instrumentation Market Company Profile
- Agilent Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Analytik Jena AG
- Waters Corporation
- Thermo Fisher Scientific
- Citotest Labware Manufacturing Co. Ltd.
- Chemglass Life Sciences Inc.
- Danaher Corporation
- SP Industries
- PerkinElmer
- Kimble Chase
“*” marked represents similar segmentation in other categories in the respective section
Global Lab Analytical Instrumentation Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Lab Analytical Instrumentation Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Lab Analytical Instrumentation Market, By Type, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Element Analysis
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Separation Analysis
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Molecular Analysis
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Global Lab Analytical Instrumentation Market, By End-user, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Diagnostic Laboratories
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Biotechnology
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
- Overview
- Global Lab Analytical Instrumentation Market, By Region, 2020 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
- Y-o-Y Growth Analysis (%), 2020 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Agilent Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Analytik Jena AG
- Waters Corporation
- Thermo Fisher Scientific
- Citotest Labware Manufacturing Co. Ltd.
- Chemglass Life Sciences Inc.
- Danaher Corporation
- SP Industries
- PerkinElmer
- Kimble Chase
- Agilent Technologies
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global lab analytical instrumentation market is segmented based on type, end-user, and region.
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.
North America is intended to emerge as a dominating regional market with a maximum share over the forecast period. Raised spending on product monitoring and supply chain monitoring is projected to offer new growth avenues in the coming years in the region.
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.