Biotechnology Instrumentation

Biotechnology Instrumentation

Global Biotechnology Instrumentation Market to Reach US$74.9 Billion by 2030

The global market for Biotechnology Instrumentation estimated at US$51.4 Billion in the year 2023, is expected to reach US$74.9 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Immunoassay Systems, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$26.1 Billion by the end of the analysis period. Growth in the DNA Sequencing Systems segment is estimated at 7.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.7 Billion While China is Forecast to Grow at 5.2% CAGR

The Biotechnology Instrumentation market in the U.S. is estimated at US$13.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.9 Billion by the year 2030 trailing a CAGR of 5.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.8% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Biotechnology Instrumentation Market - Key Trends and Drivers Summarized

The biotechnology industry, at the forefront of scientific advancement, addresses global challenges from disease treatment to sustainable agriculture, spurring demand for sophisticated biotechnology instrumentation. Advancements in this field, driven by investments in R&D, revolutionize genetic, protein, and cellular analyses, impacting healthcare, agriculture, and environmental sciences profoundly. Key market growth drivers include advancements in genomics and proteomics, regulatory compliance, and the expansion of biopharmaceuticals.

As the industry evolves, biotechnology instruments will continue to drive innovation in medical diagnostics and environmental biotechnology, with trends leaning towards automation, miniaturization, and integration with AI technologies. Genomics and proteomics advancements necessitate next-generation sequencing devices, mass spectrometers, and chromatography systems, while regulatory standards drive demand for precise instrumentation. The growth of biopharmaceuticals fuels demand for bio-manufacturing instruments, and technological integration enhances efficiency and decision-making processes.

Looking ahead, AI integration and sustainability practices will reshape biotechnology instrumentation, supporting high-throughput screening and expanding point-of-care testing capabilities. Miniaturization allows for flexible use, while AI and machine learning improve data analysis accuracy. With a focus on sustainability and the expansion of point-of-care testing, biotechnology instrumentation continues to evolve, meeting the diverse needs of scientific research and healthcare.

Select Competitors (Total 147 Featured) -

• Abbott Laboratories
• Agilent Technologies, Inc.
• Beckman Coulter Inc.
• Bio-Rad Laboratories Inc.
• Bruker Corporation
• GE HealthCare (UK)
• Gilson Inc.
• Harvard Bioscience Inc.
• Hitachi High-Technologies Corp.
• Illumina Inc.
• Lonza Group AG
• PerkinElmer Inc.
• Roche Diagnostics
• Shimadzu Corp.
• Siemens Healthineers
• Thermo Fischer Scientific Inc.
• Waters Corp.)

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