The Biotechnology Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Biotechnology Equipment Market?
The market size of the biotechnology equipment has seen significant growth in recent years. It has expanded from a value of $64.3 billion in 2024 and is projected to reach $74.83 billion in 2025, growing at a compound annual growth rate (CAGR) of 16.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Biotechnology Equipment Industry?
The Biotechnology Equipment Global Market is expected to reach a value of $135.91 billion in 2029, with a compound annual growth rate (CAGR) of 16.1%.
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Global Market Segmentation: Identifying Major Biotechnology Equipment Industry Segments
The biotechnology equipment market covered in this report is segmented –
1) By Product: Lab Automation Instruments, Life Science Consumables, In Vitro Diagnostics (IVD) Instruments, Medical Lasers, Other Products
2) By Application: Life Science, Clinical Diagnostics, Quality Management, Food And Beverage Testing
3) By End-User: Pharmaceutical Companies, Government And Academic Institutions, Hospitals And Healthcare Facilities, Other End-Users
What are the Key Growth Drivers Fueling the Biotechnology Equipment Market?
The key drivers in the biotechnology equipment marketare:
• Rise in government funding for life sciences
• Increase in pharmaceutical research and development activities
• Rising demand for personalized medicine
• Growth in academic research institutions and high-throughput screening demand
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What are the Emerging Trends Shaping the Future of the Biotechnology Equipment Market?
The key trends in the biotechnology equipment market are:
• The miniaturization of biotech equipment is a key emerging trend.
• The industry is increasingly shifting towards single-use technologies.
• There is a significant trend towards the adoption of lab-on-a-chip systems.
• The use of 3D printing in lab equipment and growth in cloud-based lab data management systems are notable trends.
Who Are the Top Competitors & Leading Players in the Biotechnology Equipment Market?
Major companies in the biotechnology equipment market are:
• Hoffmann-La Roche Aktiengesellschaft
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Danaher Corporation
• Becton Dickinson and Company
• Carl Zeiss AG
• Alcon Inc.
• Avantor Inc.
• Agilent Technologies Inc.
• Illumina Inc.
• Sartorius Aktiengesellschaft
• PerkinElmer Inc.
• Mettler-Toledo International Inc.
• Shimadzu Corporation
• Candela Corporation
• Waters Corporation
• Bio-Rad Laboratories Inc.
• Bruker Corporation
• Büchi Labortechnik AG
• Eppendorf SE
• BioTek Instruments Inc.
• bioMérieux S.A.
• Cynosure LLC
• AngioDynamics Inc.
Regional Dominance: Which Area Leads the Global Biotechnology Equipment Market?
North America was the largest region in the biotechnology equipment market in 2024
