Summary – A new market study, “Analytical Laboratory Instrument Global Market Report 2020 Markets Covered: 1) By Type: Element Analysis; Separation Analysis; Molucular Enalysis; 2) By End-User: Hospitals; Diagnostic Laboratories; Pharmaceutical; Biotechnology Companies Mentioned: Agilent Technologies; Waters Corporation; Thermo Fisher Scientific; Danaher Corporation; SP Industries ”has been featured on WiseGuyReports.
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Major players in the analytical laboratory instruments market are Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Danaher Corporation, SP Industries, PerkinElmer, Danaher Corp, Chemglass Life Sciences Inc., Citotest Labware Manufacturing Co. Ltd., and Kimble Chase.
Companies in the analytical laboratory instruments market are manufacturing equipment with ability to record data and provide to the cloud. The use of cloud technology will assist scientists in sharing the results sooner. For instance, TetraScience, a technology company that provide platform for data integration, developed a technology to integrate the lab equipment that collects data continuously and provide to the cloud. This will help monitor the equipment in real time and provide accurate results making the research complete faster. Incorporating such technology in the equipment will help complete the research sooner, reduce manual work and makes the research cost efficient.
The analytical laboratory instruments market consists of sales of analytical laboratory instruments and related services. These instruments are used in laboratory analysis of the chemical or physical composition or concentration of solid, liquid, gaseous, or composite material. Analytical instruments are a large class of instruments used in chemical, pharmaceutical, life-sciences, food processing labs and oil refineries for testing the samples.
The analytical laboratory instrument market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the analytical laboratory instrument market in 2019. Asia region is expected to be the fastest growing region in the analytical laboratory instrument market in forecast period.
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The analytical laboratory instruments market covered in this report is segmented by type into element analysis, separation analysis, and molecular analysis. It is also segmented by end-user into hospitals, diagnostic laboratories, pharmaceutical, and biotechnology.
The global analytical laboratory instrument market was worth $93.86 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.3% and reach $124.41 billion by 2023.
The cost of life science instruments is expected to increase limiting the new purchases of analytical laboratory instruments. Development of advanced features and functionalities, technological advancements, innovative systems have added to their price. A High Performance Liquid Chromatography (HPLC) ranges from $12,000 to $50,000. The average estimated cost per batch for 90-L column, media, and labor is around USD $3,700 considering the amortized value of the equipment. Drug development companies require a significant number of laboratory instruments and the cost of investment increases substantially due to high prices. Therefore, the rising cost of instruments has a negative impact on the growth of analytical laboratory instruments.
In July 2019, Agilent technologies, an analytical laboratory instrument manufacturing company acquired BioTek instruments for $1.2 billion. This acquisition will help Agilent Technologies broaden its portfolio in cell analysis workflow and allow the company to deliver to provide its customers reliable insights across a range of cell analysis applications. BioTek instruments is a manufacturer of scientific instruments that is used in life sciences and quality assurance industries.
The rapid growth in life science industries contributed to growth of analytical laboratory instruments market. A growing patient population suffering from life-style related problems such as diabetes and heart-related problems, and other life threatening diseases such as cancer and growing investment on research and development and increasing aged population aided the growth in life science industry. According to International Diabetes Federation, the diabetic population is expected to grow to 700 million in 2045 from 463 million in 2019. Moreover, according to the 2019 Revision of World Population Prospects by United Nations, the population above 65 years will increase to 16% in 2050 from 11% in 2019 and the population aged 80 years and above are expected to increase to 426 million in 2050 from 143 million in 2019. This rapid growth in population depending on life sciences market will increase the necessity to conduct lab researches that require analytical laboratory instruments thereby increasing the demand for laboratory instruments. Therefore, growing life science industry is expected to drive the market for analytical laboratory instruments.
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Analytical Laboratory Instruments Global Market Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global analytical laboratory instruments market.
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Description:
Where is the largest and fastest growing market for the analytical laboratory instruments? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Analytical Laboratory Instruments market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider analytical laboratory instruments market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The analytical laboratory instruments market section of the report gives context. It compares the analytical laboratory instruments market with other segments of the analytical laboratory instruments market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, analytical laboratory instruments indicators comparison.
Scope
Markets Covered: 1) By Type: Element Analysis; Separation Analysis; Molucular Enalysis; 2) By End-User: Hospitals; Diagnostic Laboratories; Pharmaceutical; Biotechnology
Companies Mentioned: Agilent Technologies; Waters Corporation; Thermo Fisher Scientific; Danaher Corporation; SP Industries
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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