Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Life Science Tools Market Outlook

The global life science tools market size was valued at USD 120.12 billion in 2023, driven by the increased research and development activities about life science across the globe. The market size is anticipated to grow at a CAGR of 9.5% during the forecast period of 2024-2032 to achieve a value of USD 271.86 billion by 2032.

Global Life Science Tools Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 120.12
Market Size 2032 USD Billion 271.86
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 9.5%
CAGR 2024-2032 - Market by Region Asia Pacific 12.3%
CAGR 2024-2032 - Market by Country India 14.1%
CAGR 2024-2032 - Market by Country China 11.8%
CAGR 2024-2032 - Market by Technology Genomic Technology 10.8%
CAGR 2024-2032 - Market by End Use Biopharmaceutical Company 10.7%
Market Share by Country 2023 Japan 4.6%

Life Science Tools: Introduction

Life sciences is the study of living organisms and life processes. Biotechnology is the most prominent component of the life sciences. It is a toolbox that leverages the basic understanding of natural sciences to create effective solutions for various world problems. Biotechnology is used to grow food to feed families and to make medicines and vaccines to fight diseases. Researchers and scientists are turning to biotechnology to find alternatives to fossil-based fuels for a cleaner, healthier planet.

The major life science tools include microscopy instruments, molecular analysis instruments, spectroscopy instruments, chromatography instruments and flow cytometry instruments. Other instruments include mass spectrometry instruments, biotechnology instruments, imaging systems, automated liquid handling systems, clinical diagnostics instruments, and laboratory automation systems, among others.

Global Life Science Tools Market Analysis

The growth of gene and cell therapies and their rising demand is anticipated to propel the market for life science tools. Various companies have started investing more funds and efforts on accelerating their research and development for efficient gene therapies. The therapies that can potentially address the cause of disease at the genetic level, further elevating the global life science tools market growth in response to the growing demand for effective disease treatment solutions.

Gene treatments are predicted to have a positive outlook in the coming years owing to an increase in the number of FDA-approved products. Furthermore, it is anticipated that improvements in recombinant DNA technology would increase the number of active clinical trials for gene therapy.

The market has significantly benefited from developments in targeted therapy due to a better understanding of how drugs interact with patients' genetic makeup. The life science segment is currently making use of cutting-edge developments like predictive analytics to improve the production of biological treatments to keep up with the market's rising demand further propelling the global life science tools market development.

Additionally, the FDA's clearance of monoclonal antibodies for use in cancer therapy and diagnostics is expanding the uses of biologics, which is projected to further enhance the market size. The growing synergy between academics and the life sciences sector is also fueling the market growth.

Global Life Science Tools Market Segmentations

Market Breakup by Technology

  • Genomic Technology
  • Proteomics Technology
  • Cell Biology Technology
  • Other Analytical and Sample Preparation Technology
  • Lab Supplies and Technologies
  • Others

Market Breakup by Product Type 

  • Cell Culture Systems and 3D Cell Culture 
    • Instruments 
    • Consumables 
    • Cell and Tissue Culture Services 
  • Liquid Chromatography 
    • Instruments 
    • Consumables 
    • Services 
  • Mass Spectrometry 
    • Instruments 
    • Consumables 
    • Services
  • Flow Cytometry 
    • Instruments 
    • Consumables 
    • Services 
  • Cloning and Genome Engineering 
    • Kits, Reagents, and Consumables 
    • Services 
  • Microscopy and Electron Microscopy 
    • Instruments 
    • Consumables 
    • Services 
  • Next Generation Sequencing 
    • Instruments 
    • Consumables 
    • Services 
  • PCR and qPCR 
    • Instruments 
    • Consumables 
    • Services 
  • Nucleic Acid Preparation 
    • Instruments 
    • Consumables 
    • Services
  • Nucleic Acid Microarray 
    • Instruments 
    • Consumables 
    • Services 
  • Sanger Sequencing 
    • Instruments 
    • Consumables 
    • Services 
  • Transfection Devices and Gene Delivery Technologies 
    • Equipment 
    • Reagents 
  • NMR 
    • Instruments 
    • Consumables 
    • Services 
  • Other Separation Technologies 
    • Instruments 
    • Consumables 
    • Services 
  • Other Products and Services 
    • Antibodies 
    • General Supplies 
    • Others

 Market Breakup by End User

  • Government and Academic 
  • Biopharmaceutical Company 
  • Healthcare 
  • Industrial Applications 
  • Others

Market Breakup by Region

  • North America
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 14.1%
China 11.8%
Brazil 10.4%
Canada 9.0%
Australia 8.4%
USA 7.7%
UK XX%
France XX%
Japan XX%
Saudi Arabia XX%
Mexico XX%
Germany 7.0%
Italy 5.9%

Global Life Science Tools Market Overview

The market for life science tools is expanding significantly as a result of ongoing developments made by the industry's leading manufacturers in the fields of sequencing, MS, chromatography, and NMR, among other goods. The rising investments made by governments and pharmaceutical corporations in the creation of cutting-edge therapies are also aiding the growth of the market. With the rising prevalence of diseases like cancer, renal and thyroid disorders, and diabetes, there is an increased desire for novel medicines and treatments, which is projected to add further value the global life science tools market share.

The rapid advancement of gene treatments and immunotherapies, which have shown promising results in curing diseases that were previously incurable, have been fuelling the growth of the market.


 
As pharmaceutical companies continue to invest more and more intensively in their development and allocate a larger portion of their research and development budget to biologics, biopharmaceuticals made from biological sources, such as living cells, will continue to gain prominence in the forecast period.

The growth of the market is also anticipated to be propelled by the increased collaboration between businesses, non-profit organisations, governments, and academic institutions in the development of innovative therapies and technologies.

Life Science Tools Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • Agilent Technologies, Inc. 
  • Becton, Dickinson and Company
  • F. Hoffmann-La Roche Ltd.
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Illumina, Inc.
  • Thermo Fisher Scientific, Inc.
  • QIAGEN N.V.
  • Merck KGaA
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • Bruker Corporation
  • Oxford Instruments plc
  • Zeiss International

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Product Type
  • End User
  • Region
Breakup by Technology
  • Genomic Technology
  • Proteomics Technology
  • Cell Biology Technology
  • Other Analytical and Sample Preparation Technology
  • Lab Supplies and Technologies
  • Others
Breakup by Product Type
  • Cell Culture Systems and 3D Cell Culture
  • Liquid Chromatography
  • Mass Spectrometry
  • Flow Cytometry
  • Cloning and Genome Engineering
  • Microscopy and Electron Microscopy
  • Next Generation Sequencing
  • PCR and qPCR
  • Nucleic Acid Preparation
  • Nucleic Acid Microarray
  • Sanger Sequencing
  • Transfection Devices and Gene Delivery Technologies
  • NMR 
  • Other Separation Technologies
  • Other Products and Services
Breakup by End User
  • Government and Academic 
  • Biopharmaceutical Company 
  • Healthcare 
  • Industrial Applications 
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Agilent Technologies, Inc. 
  • Becton, Dickinson and Company
  • F. Hoffmann-La Roche Ltd.
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Illumina, Inc.
  • Thermo Fisher Scientific, Inc.
  • QIAGEN N.V.
  • Merck KGaA
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • Bruker Corporation
  • Oxford Instruments plc
  • Zeiss International

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of about USD 120.12 billion in 2023, driven by the increased research and development activities.

The market is anticipated to grow at a CAGR of 9.5% during the forecast period of 2024-2032, likely to reach a market value of USD 271.86 billion by 2032.

The factors which are contributing to the market growth include the rapidly developing healthcare sector and the increasing investments by governments and pharmaceutical corporations in the development of cutting-edge therapies, among others.

The development of targeted therapy due to a better understanding of how drugs interact with patients' genetic makeup is a major trend influencing the market growth.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.

Different life science tools present in the market are cell culture systems and 3d cell culture, liquid chromatography, mass spectrometry, flow cytometry, cloning and genome engineering, microscopy and electron microscopy, next generation sequencing, PCR and qPCR, nucleic acid preparation, nucleic acid microarray, sanger sequencing, transfection devices and gene delivery technologies, NMR, other separation technologies, products and services, among others.

The technologies used in life science tools are genomic technology, proteomics technology, cell biology technology, other analytical and sample preparation technology, lab supplies and technologies, among others.

The end users of life science tools are government and academic, biopharmaceutical company, healthcare, and industrial applications, among others.

Key players involved in the market are Agilent Technologies, Inc., Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., Danaher Corporation, Illumina, Inc., Thermo Fisher Scientific, Inc., QIAGEN N.V., Merck KGaA, Shimadzu Corporation, Hitachi, Ltd., Bruker Corporation, Oxford Instruments plc, and Zeiss International.

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