At what pace is the life science instrumentation market growing, and what is its estimated value?
The life science instrumentation market size has grown strongly in recent years. It will grow from $66.22 $ billion in 2024 to $70.86 $ billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to the rise of personalized medicine, expansion of the biotechnology sector, government funding and grants, emergence of new diseases and health threats, aging population and chronic diseases.
The life science instrumentation market size is expected to see strong growth in the next few years. It will grow to $91.9 $ billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to environmental and climate change research, increasing government and private funding, regulatory compliance and standards, the emergence of infectious diseases, and expanding applications in food and agriculture. Major trends in the forecast period include advancements in genomics, AI and machine learning integration, miniaturization and portability, automation and robotics, and the adoption of digital and cloud-based solutions.
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What are the top drivers to the rising demand in the life science instrumentation market?
The increasing incidence of genetic disorders is expected to propel the growth of the life science instrumentation market going forward. Genetic disorders refer to diseases or conditions caused by abnormalities in an individual’s DNA or chromosomes. The incidence of genetic disorders is growing due to advancements in diagnostic technologies, increased awareness, and changes in reproductive patterns. Life science instruments are utilized by genetic disorder patients to diagnose, monitor, and develop targeted therapies by analyzing genetic material and biomarkers. For instance, in May 2023, according to the Alzheimer Society, a UK-based dementia care and research charity, approximately 982,000 people are living with dementia in the UK, and this number is expected to increase to 1.4 million by 2040. Therefore, the increasing incidence of genetic disorders is driving the growth of the life science instrumentation market.
How is the life science instrumentation market segmented?
The life science instrumentationmarket covered in this report is segmented –
1) By Technology: Spectroscopy, Chromatography, Polymerase Chain Reaction, Immunoassays, Lyophilization, Liquid Handling, Clinical Chemistry Analyzers, Microscopy, Flow Cytometry, Other Technologies
2) By Application: Research Applications, Clinical And Diagnostic Applications, Other Applications
3) By End User: Hospitals And Diagnostic Laboratories, Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Agriculture And Food Industries, Environmental Testing Labs, Clinical Research Organizations, Other End-Users
Subsegments:
1) By Spectroscopy: UV-Vis Spectroscopy, Infrared Spectroscopy (IR), Mass Spectrometry, Nuclear Magnetic Resonance (NMR) Spectroscopy, Raman Spectroscopy
2) By Chromatography: Gas Chromatography (GC), High-Performance Liquid Chromatography (HPLC), Thin Layer Chromatography (TLC), Ion Chromatography (IC), Supercritical Fluid Chromatography (SFC)
3) By Polymerase Chain Reaction (PCR): Quantitative PCR (qPCR), Reverse Transcription PCR (RT-PCR), Digital PCR, Multiplex PCR
4) By Immunoassays: Enzyme-Linked Immunosorbent Assay (ELISA), Radioimmunoassay (RIA), Chemiluminescent Immunoassay (CLIA), Lateral Flow Immunoassay, Western Blotting
5) By Lyophilization: Freeze Drying Equipment, Lyophilization Monitoring Systems, Freeze-Dried Storage Systems
6) By Liquid Handling: Automated Liquid Handling Systems, Manual Pipetting Systems, Microplate Readers and Washers, Liquid Handling Robotics
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Who are the top competitors in the life science instrumentation market?
Major companies operating in the life science instrumentation market are Thermo Fisher Scientific Inc., Roche Diagnostics International Ltd., Danaher Corporation, Merck KGaA, Becton Dickinson and Company, GE HealthCare Technologies Inc., Agilent Technologies Inc., Hitachi High-Technologies Corporation, Nikon Corporation, bioMérieux S.A., Shimadzu Corporation, PerkinElmer Inc., Waters Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, QIAGEN N.V., Horiba Ltd., Eppendorf AG, Tecan Trading AG, JEOL Ltd., Leica Microsystems, Cytek Biosciences Inc., Sigma Laborzentrifugen GmbH
What significant trends should we anticipate in the life science instrumentation market over the forecast period?
Major companies operating in the life science instrumentation market are focused on developing innovative solutions, such as advanced milling technology, to enhance precision and efficiency in sample preparation and analysis. Milling technology refers to sophisticated techniques and equipment used to achieve high precision and efficiency in the mechanical processing of materials, including sample preparation in life science research. For instance, in August 2022, Thermo Fisher Scientific Inc., a US-based life science and clinical research company, launched the Arctis Cryo-Plasma Focused Ion Beam (Cryo-PFIB), an advanced automated microscope designed to significantly enhance cryo-electron tomography (cryo-ET) research. This cutting-edge system includes an autoloader capable of handling up to 12 grids, allowing for robotic handling that reduces contamination risks and increases sample processing efficiency. Additionally, it features an integrated fluorescence microscope (iFLM) that enables researchers to simultaneously observe samples using light, ion, or electron beams, allowing for precise targeting and verification of areas before and during the milling process.
Which regional trends are influencing the life science instrumentation market, and which area dominates the industry?
North America was the largest region in the life science instrumentation market in 2024. The regions covered in the life science instrumentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Life Science Instrumentation Market Report 2025 Offer?
The life science instrumentation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Life science instrumentation refers to a range of tools and devices used for research and analysis in the biological and medical sciences. These instruments allow scientists to examine the structure, function, and interactions of biological molecules, cells, and organisms. They are commonly used in applications such as genomics, proteomics, cell analysis, and drug discovery.
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