Dublin, Oct. 30, 2020 (GLOBE NEWSWIRE) -- The "Analytical Laboratory Instruments Global Market Opportunities and Strategies to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global analytical laboratory instruments market.
The global analytical laboratory instruments market reached a value of nearly $93.8 billion in 2019. The market is expected to grow from $93.8 billion in 2019 to $110.3 billion in 2023 at a CAGR (Compound Annual Growth Rate) of 4.1%. The growth is mainly due to an increased prevalence of chronic diseases and economic growth in developing countries. The market is expected to stabilize and reach $125.8 billion in 2025 and $170.7 billion in 2030.
Reasons to Purchase:
Outperform competitors using accurate up to date demand-side dynamics information.
Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
Identify growth segments for investment.
Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
Create regional and country strategies on the basis of local data and analysis.
Stay abreast of the latest customer and market research findings
Benchmark performance against key competitors.
Develop strategies based on likely future developments.
Utilize the relationships between key data sets for superior strategizing.
Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Gain a global perspective on the development of the market.
The global analytical laboratory instruments market is segmented -
By Type: Elemental analysis; Separational analysis; Molecular analysis; Others
By End-User: Hospitals; Diagnostic laboratories; Pharmaceutical; Biotechnology; Others
Companies Mentioned: Thermo Fisher Scientific Inc.; Danaher Corporation; Agilent Technologies, Inc.; Shimadzu Corporation; F. Hoffmann-La Roche AG
Countries: China, Australia, India, Indonesia, Japan, South Korea, USA, Brazil, France, Germany, UK, Russia
Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Growth in the historic period resulted from increases in healthcare expenditure, economic growth in emerging markets, an aging population, and rising awareness about food testing and stringent regulations for safety. This growth was restricted by the high prices of the instruments.
Going forward, factors including technological advances, increase in healthcare access and rising prevalence of chronic diseases are expected to drive the market. Reduction in free trade, global recession, and supply chain disruption due to the impact of COVID-19 are major factors that could hinder the growth of the analytical laboratory instruments market in the future.
The analytical laboratory instruments market is segmented by type into elemental analysis, separational analysis, molecular analysis and others. The elemental analysis was the largest segment of the analytical laboratory instruments market by type, accounting for 59% of the total market in 2019. Going forward, the molecular analysis segment is expected to be the fastest-growing segment in the analytical laboratory instrument market, at a CAGR of 5.6%.
The analytical laboratory instruments market is also segmented by end-user into hospitals, diagnostic laboratories, pharmaceutical, biotechnology and others. The hospital was the largest segment of the analytical laboratory instruments market by end-user, accounting for 66.3% of the total market in 2019. Going forward, the biotechnology segment is expected to be the fastest-growing segment in the analytical laboratory instruments market, at a CAGR of 10.1%.
The Asia Pacific was the largest region in the global analytical laboratory instruments market, accounting for 34.2% of the total in 2019. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the analytical laboratory instruments market will be Africa and the Middle East, where growth will be at CAGRs of 7.8% and 7.4% respectively.
The analytical laboratory instruments market is particularly prone to disruption from the coronavirus outbreak, as due to worldwide lockdown, production is also being halted which is causing supply chain issues.
The analytical laboratory instruments market is fragmented, with a small number of large players in the market. Major players in the market include Thermo Fisher, Danaher Corporation, Agilent Technologies, Inc. and Shimadzu Corporation.
The top opportunities in the analytical laboratory instruments market segmented by type will arise in the elemental analysis segment, which will gain $10,154.3 million of global annual sales by 2023. The top opportunities in the analytical laboratory instrument market segmented by end-users will arise in the hospital segment, which will gain $13,427.7 million of global annual sales by 2023. The analytical laboratory instruments market size will gain the most in China at $3,515.3 million.
Market-trend-based strategies for the analytical market includes investing in 3D printing technology, big data analytics, automation solutions, investing in the development of 3D microscopes, M&A growth strategies and adaptability to cloud technology for higher speed and efficiency. Player-adopted strategies in the analytical laboratory instrument market include expanding manufacturing operations, investing in new product launches and in acquisitions and mergers to strengthen their service offerings.
To take advantage of the opportunities, the publisher recommends the analytical laboratory instruments companies to focus on investing in 3D microscopes, adopting automation to achieve standardization, focus on mergers and acquisitions, offer skimmed pricing for innovative laboratory instruments, competitive pricing, expanding in emerging markets, and leveraging social media.
Key Topics Covered:
1. Analytical Laboratory Instruments Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type
6.1.3. Segmentation By End-User
7. Analytical Laboratory Instruments Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Type
7.2.1. Elemental Analysis
7.2.2. Separational Analysis
7.2.3. Molecular Analysis
7.3. Market Segmentation By End User
7.3.2. Diagnostic Laboratories
8. Analytical Laboratory Instrument Market, Supply Chain Analysis
8.1. Raw Material And Component Suppliers
8.3. Wholesalers And Distributors
9. Analytical Laboratory Instruments Market Trends And Strategies
9.1. 3D Printed Analytical Laboratory Instrument
9.2. Companies Investing In Big Data Analytics
9.3. Automation In Analytical Laboratory Instruments
9.4. New 3D Microscopes
9.5. Increasing Mergers And Acquisitions
9.6. Use Of Cloud Technology For Analytical Laboratory Instruments
10. Analytical Laboratory Instruments Market, COVID Impact Analysis
10.1. Pressure On Laboratory Equipment Due To Increased Need For Testing
10.2. Supply Chain Disruptions - Thermo Fisher Scientific Case Study
10.3. Automation to Meet the Challenges of COVID-19 Research - Agilent Technologies Case Study
10.4. Digital Lab Connectivity
10.5. Post-COVID Analytical Laboratory Instruments Market Scenario
11. Global Analytical Laboratory Instruments Market Size And Growth
11.1. Market Size
11.2. Historic Market Growth, 2015 - 2019, Value ($ Million)
11.2.1. Drivers Of The Market 2015 - 2019
11.2.2. Restraints On The Market 2015 - 2019
11.3. Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
11.3.1. Drivers Of The Market 2019 - 2023
11.3.2. Restraints On The Market 2019 - 2023
12. Global Analytical Laboratory Instruments Market Segmentation
12.1. Global Analytical Laboratory Instruments Market, Segmentation By Type, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
12.1.1. Elemental Analysis
12.1.2. Molecular Analysis
12.1.3. Separational Analysis
12.2. Global Analytical Laboratory Instruments Market, Segmentation By End-User, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
12.2.4. Diagnostic Laboratories
12.2.5. Other End-User
13. Analytical Laboratory Instruments Market, Regional And Country Analysis
13.1. Global Analytical Laboratory Instruments Market, By Region, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
13.2. Global Analytical Laboratory Instruments Market, By Country, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14. Asia-Pacific Analytical Laboratory Instruments Market
15. Western Europe Analytical Laboratory Instruments Market
16. Eastern Europe Analytical Laboratory Instruments Market
17. North America Analytical Laboratory Instruments Market
18. South America Analytical Laboratory Instruments Market
19. Middle East Analytical Laboratory Instruments Market
20. Africa Analytical Laboratory Instruments Market
21. Global Analytical Laboratory Instruments Market Competitive Landscape
21.1. Company Profiles
21.2. Thermo Fisher Scientific Inc.
21.2.1. Company Overview
21.2.2. Products And Services
21.2.3. Business Strategy
21.2.4. Financial Overview
21.3. Danaher Corporation
21.3.1. Company Overview
21.3.2. Products And Services
21.3.3. Business Strategy
21.3.4. Financial Overview
21.4. Agilent Technologies, Inc.
21.4.1. Company Overview
21.4.2. Products And Services
21.4.3. Business Strategy
21.4.4. Financial Overview
21.5. Shimadzu Corporation
21.5.1. Company Overview
21.5.2. Products And Services
21.5.3. Business Strategy
21.5.4. Financial Overview
21.6. F. Hoffmann-La Roche AG
21.6.1. Company Overview
21.6.2. Products And Services
21.6.3. Business Strategy
21.6.4. Financial Overview
22. Key Mergers And Acquisitions In The Analytical Laboratory Instruments Market
22.1. Sartorius Group Acquired Life Sciences Business From Danaher Corporation
22.2. Adaptas Solutions Acquired Applied Kilovolts and Analytical Instrumentation Business From L3Harris Technologies
22.3. Agilent Technologies Inc. Acquired BioTek Instruments
22.4. Agilent Technologies Inc. Acquired ACEA Biosciences Inc.
22.5. Thermo Fisher Scientific Inc. Acquired Affymetrix, Inc.
22.6. VWR International Acquired Hichrom Limited
23. Analytical Laboratory Instruments Market Opportunities And Strategies
23.1. Global Analytical Laboratory Instruments Market In 2023 - Countries Offering Most New Opportunities
23.2. Global Analytical Laboratory Instruments Market In 2023 - Segments Offering Most New Opportunities
23.3. Global Analytical Laboratory Instruments Market In 2023 - Growth Strategies
23.3.1. Market Trend Based Strategies
23.3.2. Competitor Strategies
24. Analytical Laboratory Instruments Market, Conclusions And Recommendations
A.KRUSS Optronic GmbH
Ace Instruments & Services Pvt Ltd.
Aczet Pvt Ltd
Advance Scientific Equipment Pvt. Ltd.
Agilent Technologies, Inc.
AK Scientific Instruments
AMETEK Process Instruments
Analytik Jena AG
Anton Paar Ltd
Appleton Woods Ltd
BDH Middle East LLC
Bio-Rad Laboratories, Inc.
BWB Technologies Ltd
Chemglass Life Sciences Inc.
Cleaver Scientific Ltd
Cole-Parmer Instrument Company Ltd
CSI Analytical Innovations
ECROSKHIM Co., Ltd
F. Hoffmann-La Roche AG
Ghiath Mohammad Kaki Est.
Ionicon Analytik Ges.m.b.H.
Labex (PTY) Ltd.
Laboratory Equipment and Instruments (LOIP)
Labstock (Nigeria) Limited
Maa Scientific International LLC
Markes International Ltd
Mettler-Toledo International Inc.
Myron L Company
NanoMagnetics Instruments Ltd
National Scientific Co. Ltd.
Peak Scientific Instruments
Saifi International Co
Seaward Electronic Ltd
Sherwood Scientific Ltd
Signal Group Ltd
Silicol-Silicol Scientific Equipment Ltd
Spectro Scientific Inc
Stable Micro Systems
SUEZ Water Technologies and Solutions
Systech Instruments Ltd
Thermo Fisher Scientific Inc.
Toshvin Analytical Pvt. Ltd.
Tungsten Analytical Testing Equipment Trading LLC
Yamato Scientific co., ltd
For more information about this report visit https://www.researchandmarkets.com/r/u8uffx
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900