Scientific Instrument Market Emerging Trends, Revenue Analysis, and Global Demand


Global scientific instrument market is expected to witness substantial growth in the coming years due to rising investments in research and development activities. Scientific instruments are specially used for scientific research purpose and educational science. These instruments are also used to carry out practical science experiments in laboratories. They vary in shape and size depending upon the content to be stored or performed with.

The key factors driving the scientific instrument market comprise growth in research & testing facilities that will ultimately increase the demand for scientific instruments. This is because, scientific instruments are the primary source for generating important information for further developments in various industries. Moreover, increasing need for scientific analysis is also driving the market. Increasing number of industry academia collaboration is a trending in the scientific instruments market.

Market is categorized on the basis of product, technology, end user, and geography. On the basis of product, market is divided into (MMD) measuring and monitoring devices and (LAIC) laboratory analytical instruments and consumables. Laboratory analytical instruments and consumables segment is expected to lead the market in the forecast period due to increasing use by several industries.

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Based on technology, market is divided into laboratory automation, chromatography, spectrometry, DNA sequencers and amplifiers, flow cytometry, and others. Chromatography segment is predicted to hold a maximum market share due to wide acceptance in industries like food and beverages, pharmaceuticals, clinical, forensics, chemical, etc.

In terms of end user, scientific instrument market is bifurcated into healthcare facilities, pharmaceutical and biotechnology sector, forensic science, research and academic institutions, environmental testing, and others. Pharmaceutical and biotechnology segment is expected to register a significant market share in the coming years.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and South America are projected to dominate the scientific instrument market in the coming years. Asia Pacific and Europe are also expected to lead the market due to developments in healthcare industry. The prominent players profiled in scientific instrument market report include Horiba, Bruker, Merck, Thermo Fisher Scientific, Roche, Agilent Technologies, Danaher, and PerkinElmer.

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