What Has Been the Progress and Growth of the Analytical Laboratory Instrument Market in Recent Years?
The analytical laboratory instrument market has seen considerable growth due to a variety of factors.
• The market size of analytical laboratory instruments has seen robust expansion in the previous years. The market, currently valued at $114.21 billion in 2024, will escalate to an estimated $124.52 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.0%.
The observable expansion in this period can be traced back to increased healthcare spending, economic development in emerging markets, a growing elderly population, and heightened cognizance regarding food testing as well as strict safety rules and regulations.
What Does the Future Hold for the Analytical Laboratory Instrument Market?
The analytical laboratory instrument market is expected to maintain its strong growth trajectory in upcoming years.
• The projected expansion of the analytical laboratory instrument market is anticipated to be robust in the upcoming years, potentially ballooning to a size of $167.94 billion by 2029, with a compound annual growth rate (CAGR) pegged at 7.8%.
The proliferation anticipated in the forecast period is attributable to elements such as revolutionizing technologies, burgeoning accessibility to healthcare, and a rising tide of chronic diseases. Key forthcoming trends include investments in 3D printing technology, the deployment of big data analytics, the adoption of automation solutions, funding towards the advancement of 3D microscopes, the pursuit of M&A as a growth strategy, and acclimating to cloud technology for increased pace and proficiency.
What Key Factors and Trends are Driving the Growth of the Analytical Laboratory Instrument Market?
The life science industries have witnessed a significant surge due to the increasing expansion of the analytical laboratory instruments market. This growth is driven by an enlarging set of patients dealing with lifestyle-related diseases like diabetes, heart-related issues and other severe illnesses such as cancer, heightened research and development investments, and an aging population. For instance, according to the US-based national public health agency, Centers for Disease Control and Prevention, about 37.3 million people, which constitutes 11.3% of the US population, were diagnosed with diabetes in 2022. Furthermore, as per the Belgium-Based non-profit organization, the International Diabetes Federation, around 537 million adults globally are living with diabetes in 2022, a number predicted to rise to 643 million by 2030 and further to 783 million by 2045. This burgeoning life science industry is anticipated to fuel the demand for analytical laboratory instruments.
What Are The Primary Segments In The Global Analytical Laboratory Instrument Market?
The analytical laboratory instrument market covered in this report is segmented –
1) By Type: Element Analysis, Separation Analysis, Molucular Enalysis, Other Types
2) By Application: Research, Clinical, Diagnostic, Other Applications
3) By End-User: Hospitals, Diagnostic Laboratories, Pharmaceutical, Biotechnology, Other End-users
Subsegments:
1) By Element Analysis: Atomic Absorption Spectroscopy (AAS), Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES), X-ray Fluorescence Spectroscopy (XRF)
2) By Separation Analysis: High-Performance Liquid Chromatography (HPLC), Gas Chromatography (GC), Capillary Electrophoresis (CE)
3) By Molecular Analysis: Mass Spectrometry (MS), Infrared Spectroscopy (IR), Nuclear Magnetic Resonance (NMR) Spectroscopy
4) By Other Types: Microplate Readers, Thermal Analyzers, Elemental Analyzers, Particle Size Analyzers
Pre-Book The Analytical Laboratory Instrument Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The Analytical Laboratory Instrument Market?
Organizations within the analytical laboratory instruments market are producing equipment with the capability to capture data and upload it to the cloud. The application of cloud technology aids scientists in delivering the results more promptly. For example, TetraScience, a technology enterprise that offers a platform for data consolidation, has created technology to coordinate lab apparatus that gathers data incessantly and uploads it to the cloud. This technology enables equipment monitoring in real-time, ensuring precise results and accelerating research. The integration of this technology with the equipment can expedite research timelines, diminish manual labor, and make the research more cost-effective.
Who Are the Key Players in the Analytical Laboratory Instrument Market?
Major companies operating in the analytical laboratory instrument market include:
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Shimadzu Corporation
• F. Hoffmann-La Roche AG
• Bruker Corporation
• Mettler-Toledo International Inc.
• Waters Corporation
• PerkinElmer Inc.
• Bio-Rad Laboratories Inc.
• Scientific Solutions
• Metrohm AG
• SUEZ Water Technologies and Solutions
• Ionicon Analytik Ges.m.b.H.
• AMETEK Spectro Scientific
• Elvatech Ltd.
• Myron L Company
• LabGeni
• LABOAO
• QIAGEN
• Yamato Scientific co. Ltd.
• Ace Instruments & Services Pvt Ltd.
• Aczet Pvt Ltd
• Anton Parr India Pvt Ltd
• Toshvin Analytical Pvt. Ltd.
• Advance Scientific Equipment Pvt. Ltd.
• Peak Scientific Instruments
• Spectris plc
• Specac Limited
• Markes International Ltd
• Signal Group Ltd
• NanoMagnetics Instruments Ltd
• Sherwood Scientific Ltd
• Malvern Panalytical
• Cleaver Scientific Ltd
• MRC
• Cole-Parmer Instrument Company Ltd
• Anton Paar Ltd.
• BWB Technologies Ltd
• Systech Instruments Ltd
• Appleton Woods Ltd
• PAC L.P.
• A.KRÜSS Optronic GmbH
• F-DGSi
• Grant Instruments
• Seaward Electronic Ltd
• Endress+Hauser
• Nanosurf
• WITec GmbH
• ZEISS Group
• Sartorius AG
• Eppendorf
• Stable Micro Systems
• Bruker OOO
• ECROSKHIM Co. Ltd.
• Keithley Equipment
• Laboratory Equipment and Instruments (LOIP)
• Agilent Ukraine
• Rostec
• Agilent Technologies
• Chemglass Life Sciences Inc.
• Kimble Chase
• SP Industries
• Teledyne Tekmar
• PerkinElmer
• AMETEK Process Instruments
• Saifi International Co.
• National Scientific Co. Ltd.
• Ghiath Mohammad Kaki Est.
• BDH Middle East LLC
• Maa Scientific International LLC
• Tungsten Analytical Testing Equipment Trading LLC
• RotaLab
• SEM GROUP
• Rhenium
• CSI Analytical Innovations
• Silicol-Silicol Scientific Equipment Ltd
• Analytik Jena AG
• Labotec
• Wirsam Scientific
• Labex (PTY) Ltd.
• Labstock (Nigeria) Limited
• Estec Ltd
What Is The Most Dominant Region In The Analytical Laboratory Instrument Market?
Asia-Pacific was the largest region in the analytical laboratory instruments market in 2024. North America was the second-largest region in the global analytical laboratory instrument market share. The regions covered in the analytical laboratory instrument market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
