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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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