Global Scientific Instrument Market 2015-2019

December 09, 2015
SKU:
IRTNTR7648
This market research report presents a detailed segmentation of the global scientific instrument market by application (analytical instruments and clinical analyzers), by end users (academics, industrial users, and government institutes), and by geography (Americas, APAC, and EMEA). The key vendors analyzed in this report are Agilent, Bruker, Danaher, Horiba, and Thermo Fisher.

Market analysis of scientific instruments

Technavio’s market research analyst predicts the global scientific instrument market to grow at a CAGR of 4% during the forecast period. The growth of the research and development sector is driving the growth of the market. The global R&D expenditure during 2014 was around USD 1.6 trillion. China is expected to emerge as the global leader in R&D by the end of 2019 and plans to invest around 3% of its GDP on research. The effective deployment of scientific instruments such as motor vehicle gauges, multi-meters, and other inspection, measuring, and testing equipment enables the development of products with increased conformance to required specifications.

The increase in collaborations between vendors and research laboratories is anticipated to contribute to the market growth during the forecast period. Governments in China, India, Brazil, Korea, and Taiwan are partnering with scientific instrument vendors to provide the best instruments in university laboratories, government laboratories, and various other research institutions. This trend is expected to have a significant impact on the growth of the market during the forecast period.

Segmentation by application and analysis of the scientific instrument market

  • Analytical instruments
  • Clinical analyzers

The clinical analyzers segment accounted for around 82% of the market share during 2014. The report predicts this segment to maintain its dominance until the end of 2019, growing at a rate of 4%. The increased use of clinical analyzers in numerous applications in the biochemical and immunodiagnostic sectors is driving the growth of this market.

Segmentation by end user and analysis of the scientific instrument market

  • Academics
  • Industrial users
  • Government institutes

Industrial users accounted for 78% of the market share during 2014 and is expected to maintain its market leadership until the end of the forecast period. Industrial users include all the industries that use scientific instruments to manufacture and develop products such as food, medicine, pharmaceuticals, automation, aviation and chemicals.

Geographical segmentation and analysis of the scientific instrument market

  • Americas
  • APAC
  • EMEA

The Americas accounted for the largest market share of around 40% during 2014. The report predicts the region to retain its market leadership until the end of 2019. The large investments being made in research and testing especially in the US is driving the market growth of this region.

Competitive landscape and key vendors

The global scientific instrument market is highly fragmented due to the presence of several prominent vendors. The inability to differentiate one vendor's products from another makes the market easy to enter and highly competitive. Vendors compete on the basis of their distribution network and the ease of availability of their products at every medical and laboratory organization.

The key vendors in the market are –

  • Agilent
  • Bruker
  • Danaher
  • Horiba
  • Thermo Fisher

Other vendors in the market include Waters, Roche Diagnostics, Pelkin Elmer, and Merck.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global scientific instrument market?
  • What are the key market trends impacting the growth of the global scientific instrument market?
  • What are the challenges to market growth?
  • Who are the key vendors in the scientific instrument market?
  • What are the market opportunities and threats faced by the vendors in the scientific instrument market?
  • Trending factors influencing the market shares of the America, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global scientific instrument market?

Technavio also offers customization on reports based on specific client requirement.

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