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Allied Market Research

Life Science Instrumentation Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

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Jun 2021 | 33 Views
 
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The life science also referred as biological sciences includes the branches of science that mainlyinvolve the scientific study of life and the organisms such as plants, microorganisms, and animals including human beings. It is one of the two major branches of natural science.Life sciences focus on aspects common to all or many life forms, such as anatomy and genetics. Furthermore, the micro scale is also an important aspect in the Life Sciences such as,molecular biology, biochemistry, and additionally, it can also be extended on larger scales such as cytology, ethology, immunology,pharmacy, ecology. Life science is a broader term and can be used in the identification of various parameters to help in the development of new products, which can assist in the wellbeing of human beings, and other living organisms.

Life-Science-Instrumentation

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value (USD)

Segments covered

Technology, End Userand Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

Companies covered

Major players analyzed include Becton, Dickinson and Company, Agilent Technologies, Bio-Rad Laboratories, Inc., Eppendorf AG, Thermo Fisher Scientific, Inc.,Hitachi High-Technologies Corporation, Horiba, Merck KGaA, PerkinElmer, Inc., Qiagen N.V., Danaher Corporation, Shimadzu Corporation, GE Healthcare, Waters Corporation, and Bruker Corporation.

 

COVID-19 scenarioanalysis:

Coronavirus disease 2019 (COVID-19) is pandemic which has created a havoc for all the communities throughout the globe.Furthermore, the rise in the cases of coronavirus-2 lead the government to enforce the lockout of every part of the region, causing the decline in the revenue generated.The Covid-19 pandemic has an adverse impact on the healthcare system, which is causing about 50% to 70% drop in revenue from March and hence affecting every individual. There are many small hospitals, clinics and nursing homes, which have been declared to shut their operations, due to which the surgical procedures have also decreased.However, visa cancellations have led to a reduction in medical tourism and can adversely impact the healthcare services market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The key factors which are anticipated to boost the market include, rise in the expenditure on the R&D by biotechnology and pharmaceutical companies. Additionally, increase in public and private funding for the life science research and surge in the incidences of the target diseases and the genetic disorders would help the market propel in the industry in the near future. The rise in demand for the analytical instruments is anticipated to help the market grow in the forecast period. However, the dearth in the skilled professionals may impede the market growth in the next few years.

Rise in incidences of diseases to assist in its management to flourish the market

The growth in the number of incidences of the diseases which needs life science instruments for the management of the same would help the market boost in the coming years.According to the estimations given by the World Health Organization in 2018, cancer is projected to be the second leading cause of death globally, which leads to 9.6 million deaths. Furthermore, about 1 in every 6 deaths is due to cancer. The R&D for this disease would boost the industry of Life Science Instrumentation in the forecast period.

In addition, according to the International Diabetic Federation in 2019, around 463 million adults (20-79 years) are estimated to be living with diabetes and furthermore, by 2045 this will rise to approximately700 million. The quantity of people with type 2 diabetes is increasing in most countries.

Surge in mergers and acquisitions to boost the market

The increase in the mergers and acquisition would help the market players to show their presence worldwide in order to gain attention to the industry and hence, help the market propel in the forecast period. For instance, in October 2019, Danaher Corporation announced that it signed an agreement in order to sell its label-free biomolecular characterization, chromatography hardware and resins, and micro carriers and particle validation standards businesses to another key industrialist, Sartorius AG for approximately $750 million. The total revenue of the businesses, which are part of Danaher's Life Sciences segment, was estimated to be about$140 million in 2018.

Furthermore, in November 2017, Shimadzu Corporation, Fujitsu Limited, and Fujitsu Laboratories Ltd. had declared that they are undertaking collaborative researchin order to develop technology. It had announced that it will utilize AI (artificial intelligence) to process the vast amounts of data used in analyzing the measurement results, which are essential to analytical processes, acquired from Shimadzu mass spectrometers.

Key segments covered:

Segments

Sub-segments

Product

  • Chromatography
  • Spectroscopy
  • Mass Spectroscopy
  • Molecular Spectroscopy
  • Atomic Spectroscopy
  • PCR
  • qPCR
  • dPCR
  • Liquid Handling
  • Centrifuges
  • Flow Cytometry
  • Electrophoresis
  • Cell Counting
  • Other Technologies

 

 

End User

  • Pharma & Biotech companies
  • Agri and Food Industry
  • Diagnostic Labs
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global life science instrumentation industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Life Science Instrumentation market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Life Science Instrumentation market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in theLife Science Instrumentation market.
  • The report provides a detailed global Life Science Instrumentation market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the life science instrumentation market research report:

  • Which are the leading market players active in the life science instrumentation market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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