Global Scientific Instrument Market 2024-2028
The scientific instrument market is forecasted to grow by USD 19966.9 mn during 2023-2028, accelerating at a CAGR of 5.45% during the forecast period. The report on the scientific instrument market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in drug discovery, rising prevalence of infectious diseases, and increasing popularity of online distribution channels.
Technavio's scientific instrument market is segmented as below:
By Product
- Laboratory analytical instruments and consumables
- Measuring and monitoring devices
By End-user
- Pharmaceutical and biotechnology companies
- Hospitals and diagnostic laboratories
- Others
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the growing adoption of portable scientific instruments as one of the prime reasons driving the scientific instrument market growth during the next few years. Also, rising number of applications for laboratory analytical instruments and consumables and technological advances in scientific instruments will lead to sizable demand in the market.
The report on the scientific instrument market covers the following areas:
- Scientific instrument market sizing
- Scientific instrument market forecast
- Scientific instrument market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading scientific instrument market vendors that include ABB Ltd., ACMAS Technologies Pvt. Ltd., Agilent Technologies Inc., Alcon Scientific, Bio Rad Laboratories Inc., Bruker Corp., Carl Zeiss AG, Danaher Corp., Hitachi Ltd., HORIBA Ltd., Labappara, M.K.Scientific Instruments, MAC, Merck KGaA, Oxford Instruments plc, Shimadzu Corp., SM Scientific Instruments Pvt. Ltd., Thermo Fisher Scientific Inc., Thorlabs Inc., and Waters Corp.. Also, the scientific instrument market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.