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The global scientific instrument market reached a value of US$ 39.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.6 Billion by 2027, exhibiting at a CAGR of 5.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Scientific instruments refer to laboratory equipment which are designed, constructed and refined for scientific purposes. These instruments include ammeter, barometer, chromometer, galvanometer, hydrometer, photometer, phonograph, etc. which are used for analysing, measuring and verifying the unproven properties and quantities of a material or an element. Scientific instruments form an important component of new product development and innovating and remodelling the existing products. In modern times, research institutes use these instruments to achieve optimum efficiency in their research processes as well.
The major demand driver of the global scientific instrument market is the growth of the research and development sector. Additionally, the rising collaboration between the governments and manufacturers to provide the best instruments in government and university laboratories, and various other research institutions is anticipated to contribute to the market growth across the globe. Further, the integration of scientific instruments with computers extends and enhances instrumental functions, offers parameter adjustments & conditions and streamlines data sampling, collection, resolution & analysis. This is expected to expand the demand for scientific instruments worldwide.
IMARC Group provides an analysis of the key trends in each sub-segment of the global scientific instrument market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end-use and type.
Breakup by End-Use:
Based on the end-use sectors, the report has segregated the market as industrial, government institutes and academics. Currently, industrial users dominate the market, accounting for the largest share.
Breakup by Type:
On the basis of type, the market has been segmented into scientific clinical analyzers and scientific analytical instruments. Amongst these, scientific clinical analyzers are the most popular type, holding the majority of the market share.
Breakup by Region:
The report has segmented the global scientific instruments market on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The competitive landscape of the market has also been examined with some of the key players being Agilent, Bruker, Danaher, Horiba, Thermo Fisher, Waters, Roche, Pelkin Elmer and Merck.
This report provides a deep insight into the global scientific instrument market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the scientific instrument market in any manner.
|Base Year of the Analysis||2021|
|Segment Coverage||End-Use, Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Agilent, Bruker, Danaher, Horiba, Thermo Fisher, Waters, Roche, Pelkin Elmer and Merck|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global scientific instrument market was valued at US$ 39.4 Billion in 2021.
We expect the global scientific instrument market to exhibit a CAGR of 5.5% during 2022-2027.
The growing applications of scientific instruments in research institutes to achieve optimum efficiency in the research processes are primarily driving the global scientific instrument market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for numerous scientific instruments in enhancing instrumental functions, offering parameter adjustments, and streamlining data sampling, collection, & analysis for ease in drug discovery against the coronavirus infection.
Based on the end-use, the global scientific instrument market has been segmented into industrial, government institutes, and academics. Among these, the industrial users currently hold the majority of the total market share.
Based on the type, the global scientific instrument market can be divided into scientific clinical analyzers and scientific analytical instruments. Currently, scientific clinical analyzers exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global scientific instrument market include Agilent, Bruker, Danaher, Horiba, Thermo Fisher, Waters, Roche, Pelkin Elmer, and Merck.
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