India Life Science & Analytical Instruments Market Research Report Data by Instrument Type (Sterilizers, Bioreactors, Washers, Isolators, Aseptic Transfer Equipment, and Others), by Application (Clinical and Diagnostics, Research, and Others), and by End User (Pharmaceutical and Biotechnology Companies, Hospitals and Diagnostic Laboratories, and Others) Forecast till 2032
In 2023, the market for analytical instruments and life sciences in India was estimated to be worth USD 0.27 billion. The life science and analytical instruments market in India is expected to develop at a compound annual growth rate (CAGR) of 10.40% from USD 0.30 billion in 2024 to USD 0.73 billion by 2032.
One of the key reasons propelling the growth of the life science and analytical instruments market in India is the growing demand for these instruments across various sectors. Similarly, throughout the study period, growing investments in pharmaceutical R&D and the use of technologically advanced analytical and life sciences instruments are driving the growth of the India market.
the growing need for analytical tools across industries, including biotechnology and pharmaceuticals, healthcare, and diagnostic labs. To aid in the drug development process, pharmaceutical and biotechnology businesses in India are implementing the right lab equipment. The pharmaceutical and biotechnology industries require more analytical apparatus due to the growing demand for novel biologics, regenerative medicines, small-molecule medications, and biopharmaceuticals. Additionally, a number of developments in the biopharmaceutical and pharmaceutical industries are supporting market expansion. The quick approval of new treatments, increased funding for gene and cell therapy, investments by biotech firms, contract research organizations (CROs), and contract manufacturing organizations (CMOs) are some of the developments. Additionally, the growing prevalence of infectious diseases in India necessitates the employment of analytical tools in academic and scientific institutions for research objectives. Research on reemerging and emerging infectious diseases in Europe covers hepatitis B, hepatitis C, dengue, influenza, chikungunya, and HIV.
Insights on Market Segments Based on the type of instrument, the India Life Science & Analytical Instruments market is divided into segments that include aseptic transfer equipment, bioreactors, washers, sterilizers, and isolators. Bioreactors is the segment with the quickest rate of growth during the projection period, while others held the greatest market share in 2022.
Clinical and diagnostics, research, and other applications are included in the application-based market segmentation of India Life Science & Analytical Instruments.
Based on the end user, the India Life Science & Analytical Instruments market is segmented into pharmaceutical and biotechnology industries, hospitals, diagnostic laboratories, and other organizations.
Key PlayersGetinge (Sweden), Shimadzu Corporation (Japan), Sartorius AG (Germany), Pharmalab India Private Limited (India), Thermo Fisher Scientific Inc. (US), Agilent Technologies Inc. (US), QIAGEN (Germany), PerkinElmer, Inc. (US), Bio-Rad Laboratories, Inc. (US), and STERIS plc (Ireland) are some of the major companies in the India Life Science & Analytical Instruments market.