The Biotechnology Instruments 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 Instruments Market?
The market size of biotechnology instruments has been experiencing robust growth recently. It's expected to increase from $75.64 billion in 2024 to $80.9 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Biotechnology Instruments Industry?
The Biotechnology Instruments Global Market is projected to reach $104.52 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.6%.
Download Your Free Sample of the 2025 Biotechnology Instruments Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Biotechnology Instruments Market?
The key drivers in the biotechnology instruments market are:
• Increased research in biotechnology
• Rising healthcare expenses and lost productivity
• Growing requirement for the development of vaccines, therapeutic drugs and diagnostic devices
• Technological advancements such as the integration of artificial intelligence and machine learning in the biotechnology industry.
Global Market Segmentation: Identifying Major Biotechnology Instruments Industry Segments
The biotechnology instrumentsmarket covered in this report is segmented –
1) By Product: Lab Automation Instruments, Life Science Consumables, In Vitro Diagnostic (IVD) Instruments
2) By Application: Clinical Diagnostics, Drug Discovery And Development, Proteomics And genomics, Cell Analysis, Other Applications
3) By End-user: Pharmaceutical And Biotechnology Companies, Hospitals And Diagnostic Laboratories, Academic And Research Institutes, Other End Users
Pre-order the 2025 Biotechnology Instruments Global Market Report for Fast Delivery & Comprehensive Insights!
What are the emerging Trends Shaping the Future of the Biotechnology Instruments Market?
The key trends in the biotechnology instruments market are:
• Technological innovations and advancements are expected to shape the future of the biotechnology instruments market.
• Integration of artificial intelligence and machine learning in biotechnology instruments is an emerging trend.
• Advancements and developments in the fields of genomics and proteomics are key trends.
• The need for development of vaccines, therapies, and diagnostic tools is driving the market trends.
Who Are the Top Competitors & Leading Players in the Biotechnology Instruments Market?
Major companies in the biotechnology instruments market are:
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Danaher Corporation
• Siemens Healthineers AG
• Merck KGaA
• Quest Diagnostics Inc.
• Avantor Inc.
• Agilent Technologies
• Illumina Inc.
• Sartorius AG
• Mettler Toledo
• Perkin Elmer Inc.
• Shimadzu Corporation
• Bruker Corporation
• Zeiss Group
• QIAGEN N.V.
• Novanta Inc.
• Cynosure LLC
• Bio-Rad Laboratories Inc.
• Ori Biotech Limited
• Hudson Robotics
Regional Dominance: Which Area Leads the Global Biotechnology Instruments Market?
North America was the largest region in the biotechnology instruments market in 2024
