How Much Will Life Science and Chemical Instrumentation Market Grow in the Next Few Years?
The life science and chemical instrumentation market has exhibited strong growth in recent years. Rising from $58.23 billion in 2024 to an estimated $62.3 billion in 2025, the market predicted a compound annual growth rate (CAGR) of roughly 7.0%. This growth can be chalked up to factors such as growing R&D activities, escalating healthcare expenditure, stricter regulations, and the global rise of research.
Furthermore, the market is forecasted to continue this upward trajectory, hitting $85.57 billion by 2029 with a CAGR of 8.3%. Ongoing trends and influential factors fueling this growth include a growing focus on environmental testing, burgeoning applications in personalized medicine, and increasing regulatory complexity. Technological advancements in analytical instruments, a heightened focus on sustainable technology, and the integration of IoT and big data analytics are also likely to bolster the market’s growth.
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What Are The Key Growth Drivers In The Life Science And Chemical Instrumentation Market?
A primary driver of the life science and chemical instrumentation market’s growth comes from the escalating prevalence of chronic diseases. Chronic diseases, including cancer and heart disease, have a significant demand for life science and chemical instrumentation for quality product testing, process monitoring, and handling chronic disease laboratory information. This trend will continue to boost the life science and chemical instrumentation market for the coming years.
Which Segments Dominate The Life Science And Chemical Instrumentation Market?
* By Technology: Polymerase Chain Reaction (PCR), DNA Sequencers and Amplifiers, Flow Cytometry, Spectroscopy, Electrophoresis, Chromatography, Centrifuges, Other Technologies
* By Application: Cell Culture And Cell Therapy, Cancer Research, Drug Discovery, Genomics, In Vitro Fertilization, Bioprocess, Metabolomics, Proteomics, Other Applications
* By End Users: Hospitals And Diagnostic Centers, Pharmaceutical And Biotechnology Companies, Contract Research Organization (CRO), Academia And Research Institutes
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Which Are The Key Players In The Life Science And Chemical Instrumentation Market?
Major companies operating in the life science and chemical instrumentation market include Agilent Technologies Inc., Becton Dickinson and Company, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, PerkinElmer Inc., Thermo Fisher Scientific Inc., Waters Corporation, F. Hoffmann-La Roche Ltd., Illumina Inc., Shimadzu Corporation, General Electric Healthcare LLC, Hitachi High-Technologies Corporation, JEOL Ltd., Oxford Instruments PLC, Rigaku Corporation, Sigma-Aldrich Corporation, and others.
What Emerging Trends Are Seen In The Life Science And Chemical Instrumentation Market?
One key trend in the life science and chemical instrumentation is technological advancements in analytical instruments. Companies are focusing on innovative technologies to maintain their stature in the market. For example, in 2023, Shimadzu Corporation launched Brevis GC-2050, an advanced and compact gas chromatography system with intelligent automated features, contributing to a reduction in energy consumption and promoting environmental sustainability.
Which Region Registered The Largest Share In Life Science And Chemical Instrumentation Market?
In 2024, North America held the largest share in the life science and chemical instrumentation market, yet Asia-Pacific is predicted to be the fastest-growing region in the forecast period. The market report also includes other regions such as Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Life Science And Chemical Instrumentation Market Report 2025 Offer?
Life science and chemical instrumentation is used to monitor and regulate processes in research and development activities in industrial laboratories, the pharmaceutical industry, biotechnology, and academic sectors. This market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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