LONDON--(BUSINESS WIRE)--The laboratory analytical instruments and consumables market is poised to grow by USD 13.81 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Laboratory Analytical Instruments and Consumables Market Analysis Report by Application (Element analysis, Separation analysis and Molecular analysis), Geographic segmentation (North America, Europe, Asia and ROW), and the Segment Forecasts, 2020-2024."
The market is driven by the emergence of precision proteomics to develop personalized medicine and therapies. In addition, the rising number of applications for analytical instruments are anticipated to boost the growth of the laboratory analytical instruments and consumables market.
The demand for personalized therapies is increasing due to the shift in healthcare models from prescriptive models to preventive ones across the world. Researchers are continually identifying new drug targets for successful discovery of new therapies or drugs. They are integrating genomics with proteomics to develop personalized medicines. This requires different laboratory analytical instruments such as mass spectrometers to analyze biological samples, protein interaction and protein modification, and interrogation of protein expression. This is propelling the adoption rates of laboratory analytical instruments. Thus, the emergence of precision proteomics to develop personalized medicine and therapies is expected to drive market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Laboratory Analytical Instruments and Consumables Market Companies:
Agilent Technologies Inc.
Agilent Technologies Inc. operates the business under various segments such as Life sciences and applied markets, Diagnostics and genomics, and Agilent CrossLab. The company offers Cary 5000 UV-Vis-NIR and Cary 100 UV-Vis.
AMETEK Inc. offers products through the following business units: Electronic Instruments and Electromechanical. The company offers SPECTRO ARCOS ICP-OES analyzer and SPECTROBLUE.
Bruker Corp. operates under various business segments, namely Bruker Scientific Instruments and Bruker Energy & Supercon Technologies. The company offers D8 ADVANCE and rapifleX MALDI PharmaPulse.
Danaher Corp. offers products through the following business segments: Life Sciences, Diagnostics, Dental, and Environmental & Applied Solutions. The company offers Leica CM3050 S Research Cryostat and ThermoBrite FISH Auto Slide Prep FISH Auto Slide Prep.
Hitachi High-Technologies Corp.
Hitachi High-Technologies Corp. offers products through the following business segments: Science & Medical Systems, Electronic Device Systems, Industrial Systems, and Advanced Industrial Products. The company offers Laboratory analytical instruments and consumables.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Laboratory Analytical Instruments and Consumables Market Application Outlook (Revenue, USD Billion, 2020-2024)
- Element analysis
- Separation analysis
- Molecular analysis
Laboratory Analytical Instruments and Consumables Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Health Care Include:
Clinical Reference Laboratory Services Market – Global Clinical Reference Laboratory Services Market by application (clinical chemistry, human and tumor genetics, medical microbiology and cytology, and other esoteric tests), end-users (hospitals and private clinics, corporate offices and companies, and government entities), service (standalone reference laboratories, hospital-based reference laboratories, and clinic-based reference laboratories), and geography (Asia, Europe, North America, and ROW).
Modular Laboratory Automation Market – Global Modular Laboratory Automation Market by geography (Asia, Europe, North America, and ROW) and end-user (hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, and other end-users).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.