Global laboratory analytical instrumentation market forecast
Laboratory analytical instruments are used in research processes to analyze and identify the physical, chemical, molecular, and elemental properties of a sample. The increase in the expenditure for research and development is the key driver for the growth of this market. The growth of the healthcare and chemical industry in the APAC region is also anticipated to contribute to the demand for laboratory analytical instruments which in turn, will increase the laboratory analytical instrumentation market revenue. Technavio’s market research analyst projects the laboratory analytical instruments market to grow at a steady rate of around 6% during the forecast period.
The high cost of research and development is expected to pose a challenge for the market growth during the forecast period. The cost of the instruments coupled with repair, customization, and calibration costs leads to an overall high procurement cost for the users.
Functional segmentation and analysis of the laboratory analytical instrumentation market
- Element analysis
- Separation analysis
- Molecular analysis
The element analysis segment leads the global market and is expected to reach USD 14 billion by the end of 2019. The application of element analysis instruments in a broad range of industries fueled the growth of this segment. For instance, in the environmental sector, elemental analysis instruments are used in measuring the elemental composition of the minerals that are crucial to understanding the earth's geological processes.
Segmentation by end user and analysis of the laboratory analytical instrumentation market
- Government institutions
- Research organizations
- Semiconductors, electronics, and nanotechnology
- Hospitals and medical centers
- Chemicals
- Mining and metals
Government institutions constitute the largest end-user segment for this market. The increased emphasis on federal regulations and laws to increase the expenditure on research and development is expected to drive the growth of this segment during the forecast period. This factor will also increase the laboratory analytical instrumentation market value.
Geographical segmentation and analysis of the laboratory analytical instrumentation market
The Americas account for the largest share of global laboratory analytical instrumentation market and is expected to generate a revenue of around USD 12 billion by the end of 2019. Investments in the R&D of the pharmaceuticals and healthcare sectors is the key growth driver of this region.
Competitive landscape and key vendors
The global laboratory analytical instrumentation market is dominated by international vendors. These vendors provide offerings in all categories, whereas providers who specialize in a particular segment of analytical instruments have a much lower market share.
The leading vendors in the market are
- Agilent
- Bruker
- HORIBA
- Danaher
- Thermo Fischer
Other vendors in the market include ABB, B&W Tek, Hitachi, Illumina, JASCO, PerkinElmer, Siemens, and Waters.
Growth drivers, challenges, and upcoming trends: Increasing collaborations
The laboratory analytical instruments market is witnessing an increase in mergers and acquisitions. Key vendors are using mergers to increase their product portfolio and their global presence. Quite often, vendors have been acquiring smaller companies in an attempt to diversify their business. For instance, recently, Thermo Fischer acquired Life Tech, a pioneer in gene sequencing technology for nearly USD 14 billion.
This report offers a number of factors contributing to the adoption, limitations, and opportunities of the laboratory analytical instrumentation market. It also provides an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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 laboratory analytical instruments market?
- What are the key market trends impacting the growth of the laboratory analytical instruments market?
- What are the challenges to market growth?
- Who are the key vendors in the laboratory analytical instruments market?
- What are the market opportunities and threats faced by the vendors in the global laboratory analytical instruments market?
- Trending factors influencing the market shares of APAC, Americas, and EMEA?
- What are the key outcomes of the five forces analysis of the global laboratory analytical instruments market?
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Table of Contents
Part :01 Executive summary
Part :02 Scope of the report
- Market overview
- Top-vendor offerings
Part :03 Market research methodology
- Research methodology
- Economic indicators
Part :04 Introduction
Part :05 Market landscape
- Market overview
- Distribution channel
- Market size and forecast
- Five forces analysis
Part :06 Market segmentation by function
- Market overview
- Global laboratory element analysis instrument market
- Global laboratory separation analysis instrument market
- Global laboratory molecular analysis instrument market
Part :07 Market segmentation by end-user
Part :08 Geographical segmentation
- Market overview
- Laboratory analytical instrumentation market in Americas
- Laboratory analytical instrumentation market in EMEA
- Laboratory analytical instrumentation market in APAC
Part :09 Market drivers
Part :10 Impact of drivers
Part :11 Market challenges
Part :12 Impact of drivers and challenges
Part :13 Market trends
Part :14 Vendor landscape
- Competitive scenario
- Other prominent vendors
Part :15 Key vendor analysis
- Agilent Technologies
- Bruker
- Danaher
- HORIBA Scientific
- Thermo Fisher Scientific
Part :16 Appendix
Part :17 Explore Technavio