DALLAS, March 31, 2015 /PRNewswire/ --
According to a new market research report "Life Science and Chemical Instrumentation Market (Chromatography, Electrophoresis, DNA Sequencer, PCR, Microplate Reader, Robotics, Spectroscopy, Immunoassay, Microarray, Flow Cytometer, Incubator, Fume Hood, Centrifuge) - Global Forecast to 2019", published by MarketsandMarkets, the global Life Science and Chemical Instrumentation Market is expected to reach $48.84 Billion by 2019, at CAGR of 6.9% from 2014 to 2019.
Browse 99 market data tables and 44 figures spread through 280 pages and in-depth TOC on "Life Science and Chemical Instrumentation Market"
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Based on the technology, the global Life Science and Chemical Instrumentation Market is divided into nine major segments, namely, chromatography (liquid, gas, and others), electrophoresis (gel and capillary), DNA sequencers and amplifiers (thermal cyclers, real-time PCR, and others), lab automation (automated liquid handling, microplate readers, robots, automated storage & retrieval systems, software & informatics, and others), spectroscopy (molecular, atomic, and mass), immunoassay (enzyme, chemiluminescence, radioimmunoassay, fluorescence, and others), microarray (DNA, protein, cell, and tissue), flow cytometry (cell-based, bead-based, and others), and other instruments (centrifuges, laboratory balances, incubators, and fume hoods).
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The report also segments the global Life Science and Chemical Instrumentation Market by end user. The major end users of this market include pharmaceutical, biopharmaceutical, and biotechnology companies; clinical research organizations (CROs); research institutions; hospitals, clinics, and diagnostic laboratories; academic institutions; forensic science laboratories; food and agriculture industry; and environmental testing industry; among others.
A number of factors such as growing pharmaceutical R&D in emerging nations, rising food safety concerns, availability of public and private funding for life science research, and continuous technological advancements in analytical instruments are fuelling the demand of life science and chemical instrumentations. On the other hand, presence of alternative analytical technologies, high cost of instruments, and need of skilled professionals are some of the key factors limiting the growth of the global life science and chemical instrumentation market.
As of 2014, North America held the largest share of the global Life Science and Chemical Instrumentation Market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest rate during the forecast period. A number of factors including strategic expansion by key market players in emerging Asian countries; growing pharmaceutical industry in India and China; increasing government investment in biomedical industry in China and Singapore; and conferences, exhibitions, and meetings hosted by Asia-Pacific region on analytical instruments to increase the business relation are stimulating the growth of the Life Science and Chemical Instrumentation Market in the Asia-Pacific region. However, factors such as scarcity of skilled life science researchers capable of operating highly sophisticated analytical systems and availability of limited financial budgets with the small- and medium-sized private research institutions and academic organizations restrict the demand of high-cost technologically advanced analytical instruments in this region.
Agilent Technologies, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), and Waters Corporation (U.S.) are some of the key players operating in the global life science and chemical instrumentation market.
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