Global life sciences instrumentation market is expected to rise from a valuation of US$57.4 bn to US$85.1 bn over the 2017-2022 forecast period, exhibiting a strong 8.2% CAGR therein.
A new study, focusing on the global market trends in the life science instrumentation industry has been freshly broadcasted to the vast repository of Market Research Hub (MRH). The study is titled as “Life Science Instrumentation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”, which offers comprehensive insights and analysis on the global life science instrumentation market, giving readers key insights on the drivers, restraints, opportunities, and threats in this market.
Also, the report presents a detailed look at all leading segments present in the market in order to provide readers with a clear picture of the granular structure of the market.
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At first, the report begins with an executive summary which helps the reader in understanding the key highlights of the report.
The executive summary gives reads a broad overview on the market. As per the recent findings, the global life science instrumentation market is likely to exhibit a steady growth trajectory in the coming years due to the rapid growth of key application sectors such as the healthcare industry as well as the rising multiplicity of applications of the life sciences sector.
Besides, due to the growing government support afforded to the life sciences sector in a number of countries and the rising rate of technological advancement in the sector, the global life science instrumentation market witnessed to gain supreme growth in the coming few years.
Moving further, the report segments the global life sciences instrumentation market by end use, application, technique, and geography. Key regions highlighted in the study are Asia-Pacific excluding Japan, Europe, North America, Europe, Middle East & Africa, and Latin America.
For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2022. According to the study evaluations, the global life sciences instrumentation market is expected to rise from a valuation of US$57.4 bn to US$85.1 bn over the 2017-2022 forecast period, demonstrating a strong 8.2% CAGR therein.
In terms of geography, North America is likely to dominate the global life sciences instrumentation market over the coming years due to rapid growth of the life sciences sector in developed countries such as the U.S.
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By technique, the report categorizes the market into spectroscopy, chromatography, PCR, immunoassays, clinical chemistry analyzers, flow cytometry and other. Amongst, spectroscopy is likely to become increasingly important in the healthcare sector in the coming years, enabling steady dominance of the spectroscopy technique in the global life science instrumentation market.
It has been also analyzed that the growing biotech sector is also vital for the global life science instrumentation market. Biotech companies are major end users of life science instrumentation due to the crucial need for life science innovations in biotech development.
Moreover, a vital section of the report covers vendor landscape of the market which presents an exact picture about the various players active in this market. Major industry participants include Merck KGaA, Becton, Dickinson and Company, Hitachi High-Technologies Corporation, Bruker Corporation, Agilent Technologies Inc., Perkinelmer Inc., Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., GE Healthcare, Danaher Corporation, Eppendorf AG, and Shimadzu Corporation.
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