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The global scientific instruments market size reached a value of almost USD 39.94 billion in the year 2023. The scientific instruments industry is further expected to grow at a CAGR of 4.5% between 2023 and 2032 to reach a value of almost USD 59.39 billion by 2032.
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The global scientific instruments market is driven by the rising research activities in the pharmaceutical industry. North America is the leading regional market for scientific instruments as it accounts for the largest market share. The industry is fuelled by the growing collaborations and partnerships among manufacturers and education and research institutes. This is further being supported by investments in the healthcare sector by governments of several countries due to the ageing population and the rising demand for generics and biosimilars.
Scientific instruments are referred to as laboratory equipment, which are constructed, designed, and refined for scientific purposes. These instruments include a barometer, ammeter, chromometer, hydrometer, phonograph, galvanometer, photometer, and others, which are used for measuring, analysing, and verifying the unverified properties and quantities of an element or a material. Scientific instruments form a crucial component of new product development and in innovating and remodelling the existing ones. In the modern age, research institutes use these instruments to attain optimum efficiency in their research.
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The scientific instruments market is segmented on the basis of end-uses into:
Amongst these, the industrial segment accounts for the largest total market share.
On the basis of type, the industry is divided into:
Presently, scientific clinical analysers exhibit the most popular scientific instrument globally.
The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global scientific instruments market is driven by the growing number of research and testing units, especially in the pharmaceutical and biotechnology fields. In addition to this, the rising focus on enhancing the drug development process and product quality by the pharmaceutical companies is creating a demand for high-quality scientific instruments.
Moreover, the industry is finding impetus by the rising stringent environmental regulations across the world, which has, as a result, boosted the sales of measurement equipment for emission level control and compliance, especially in the industrial sector. Besides, the rapid advancement in new areas of research, such as neuroscience and applied microbiology, has led to the growing requirement for better analysis equipment, thereby strengthening the industry growth.
The report gives a detailed analysis of the following key players in the global scientific instruments market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Scientific Instruments Market Size
*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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In 2023, the global scientific instruments market attained a value of about USD 39.94 billion.
The market is expected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 59.39 billion by 2032.
The major drivers of the market are growing investments into the healthcare sector, improvements in drug development processes, and rising number of research and testing units.
The rising adoption of scientific instruments in various industrial sectors and increasing collaborations and partnerships among manufacturers, research and educational institutes are the major trends of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Scientific clinical analysers and scientific analytical instruments, among others, are the various types of scientific instruments in the market.
The different end uses in the market are industrial, government institutes, and academics.
The key players in the global scientific instruments market are Thermo Fisher Scientific, Agilent Technologies, Inc., Bruker Corporation, PerkinElmer Inc., Danaher Corporation, Horiba, Waters, F. Hoffmann-La Roche Ltd, and Zeiss International, among others.
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