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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