Global Laboratory Analytical Instruments Market 2017-2021

Laboratory analytical instruments market outlook 

The global laboratory analytical instruments market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The growing number of innovations in the field of life sciences will drive the growth prospects for the global laboratory analytical instruments market until the end of 2021.

Laboratory analytical instruments market drivers

It has been observed that some of the major factors responsible for the growing consumption of laboratory analytical equipment solutions include the increasing rate of chronic diseases, aging population, population growth, growing life expectancy, and higher disposable income. In addition, according to the industry research report, with the growing focus of several US-based life sciences companies within Africa and South America on the expansion of geographical reach, the growth and investment opportunities for vendors in the market will surge in the coming years. Furthermore, the increasing focus on divestiture activities and mergers and acquisitions will propel the global laboratory analytical instruments market value.

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Laboratory analytical instruments market trends

The increasing rate of technological advancements in the sector will drive the growth prospects for the global laboratory analytical instruments market for the next four years. Some of the major factors responsible for the growing number of development of inexpensive instruments without compromising on functionality or quality is the increasing need and demand for devices that are easy to use, accurate, and have a lower cost of ownership.

Laboratory analytical instruments market worth: Competitive landscape and key vendors

The global laboratory analytical instruments market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as price, availability, and variety. Furthermore, growth opportunity for various vendors depends increasingly on the governmental support, market conditions, and industry development.

Key vendors in the laboratory analytical instruments market

• Agilent Technologies
• Bruker
• PerkinElmer
• Danaher
• Thermo Fisher Scientific

Laboratory analytical instruments market segmentation by function 

• Elemental analysis instruments
• Separation analysis instruments
• Molecular analysis instruments

The laboratory elemental analysis segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market segment’s growth is the growing rate of safety concerns in food and beverage products industry that necessitates appropriate and quality analytical instruments and lab equipment. Also, they are increasingly used in the industrial sector to determine the quality of minerals and metals. Furthermore, the advent of organic elemental analysis instruments has facilitated the study of liquids, solids, volatiles, or viscous substances.

Laboratory analytical instruments market forecast as per the regions 

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market segment's growth is the increasing interest in drug discovery and development using lab instruments among several pharmaceutical and biotechnology companies.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global laboratory analytical instruments market?
• What are the key market trends impacting the growth of the global laboratory analytical instruments market?
• What are the challenges to market growth?
• Who are the key vendors in the global laboratory analytical instruments market?
• What are the market opportunities and threats faced by the vendors in the global laboratory analytical instruments market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global laboratory analytical instruments market?

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