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New report: Life science instrumentations market research: current trends and opportunities by 2021

The global life science instrumentation market is growing due to the technological advancements, increase in funding for life science research, and increasing food safety concerns. Moreover, the increasing research and development activities in pharmaceuticals and biotechnology industries are supporting the growth of the global market.

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Among the various technologies, next-generation sequencing segment would witness the fastest growth during the forecast period. Development of advanced sequencing platforms, increasing application areas of next-generation sequencing would have high positive impact on the growth of the life science instrumentation market for next generation sequencing.

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Pharmaceuticals and biotechnology companies were the largest end user of life science instrumentation market in 2022.

The increasing demand for analytical instruments, growing research proteomics research activities, and high growth in emerging economies offer ample growth opportunities in life science instrumentation market. Major analytical instrument manufacturers are focusing for the development of miniaturized instruments, which is the key trend witnessed in the global market.

Increasing compliance for hyphenated technologies and increasing collaborations between analytical instrument manufacturers and academic and research institutes are other trends witnessed in the global life science instrumentation market. However, dearth of skilled professionals and high cost of analytical instruments would hinder the growth of the global market to some extent.

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The global life science instrumentation market is very competitive involving large local and global player operating in several segment of life science instrumentation. Geographically, U.S. and Canada constitutes to North America region.

It accounts the largest share of global life science instrumentation market. North America region is followed by Europe.

North America Life science instrumentation market is driven by the factors like stringent regulations in drug development, private and public finance for research studies related to life science instrumentation, increase in the number of research studies related to metabolism, aging population and increasing prevalence of chronic diseases.

Moreover conferences, symposium, discussions and seminars hosted by several Pharma and biotech players are also increasing the scope for development in global life science instrumentation market. The same trend is followed in the developed countries.

Whereas, increase in clinical research outsourcing to Asian countries and changing taxation for Research and developing facilities in North America is negatively impacting the growth of global life science instrumentation market. A the same time rising number of clinical research projects in the Asian countries is fueling the growth of life science instrumentation in Asian countries. 

The major players operating in global life science instrumentation market include Shimadzu Corporation, Danaher Corporation, F. Hoffmann-La Roche Ltd, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Bruker Corporation, Illumina, Inc., Agilent Technologies, Inc., PerkinElmer, Inc., Waters Corporation and many more.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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