Product Code: r5524
“Scientific Instruments Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on scientific instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for scientific instruments? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The scientific instruments market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Clinical Analyzers; Analytical Instruments; Other Types
- 2) By Application: Research; Clinical and Diagnostics; Other Applications
- 3) By End User: Hospitals and Diagnostic Laboratories; Pharmaceutical and Biotechnology Companies; Other End-users
- Companies Mentioned: Thermo Fisher Scientific Inc; Agilent Technologies Inc; Bruker Corporation; Danaher Corporation; Waters Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years 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.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the scientific instruments market are: Thermo Fisher Scientific Inc., Agilent Technologies Inc., Bruker Corporation, Danaher Corporation, Waters Corporation, Merck KGaA, Horiba Limited, PerkinElmer Inc., F Hoffmann-La Roche Limited, Zeiss International, Roche Holding AG, 3M Company, and Geno Technology Inc.
The global scientific instruments market is expected to grow from $38.94 billion in 2022 to $41.13 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The scientific instruments market is expected to grow to $50.84 billion in 2027 at a CAGR of 5.4%.
The scientific instruments market consists of sales of scientific instruments that are used for natural phenomena and theoretical research. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Scientific instruments are instruments designed in such a way that they can help in achieving scientific purposes for the research of novel products. These instruments are essential for new product development and remodeling of the existing products. Although they are a component of laboratory equipment, scientific instruments are thought to be more advanced and specialized than other measuring instruments. The scientific instruments are used to indicate, measure, and record physical quantities in science research labs and R&D facilities.
North America was the largest region in the scientific instruments market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the scientific instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of scientific instruments market are clinical analyzers, analytical instruments, and other types. The clinical analyzers refer to a device used to examine urine, plasma, and blood serum samples. The clinical analyzers are utilized in all laboratories, from tiny point-of-care clinics to high-throughput clinical labs to test for analytes, including proteins, enzymes, and electrolytes. The scientific instruments are used for research, clinical and diagnostics, other applications in hospitals and diagnostic laboratories, pharmaceutical and biotechnology companies, other sectors.
The increasing testing and research facilities drive the scientific instruments market. There has been a rapid increase in testing and research facilities due to the spreading virus and increasing efforts to combat its after-effects. These testing and research facilities require scientific instruments for effective testing and development of solutions. For instance, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, in September 2020, the Global Fund confirmed that it had allocated the first $50 million from its COVID-19 response mechanism to assist countries in purchasing at least 10 million of the new quick tests for LMICs at the set price. Such encouragement for testing and research facilities will propel the growth of the scientific instruments market.
Artificial intelligence is a key trend gaining popularity in the scientific instruments market. The use of artificial intelligence in research is anticipated to alter current practices significantly. Such advancements enable key players to gain a competitive edge in the market. For instance, in February 2022, Agilent Technologies Inc., a US-based analytical instrumentation development and manufacturing company, acquired artificial intelligence (AI) technology developed by Virtual Control. Agilent plans to utilize the AI in conjunction with its software for mass spectrometry equipment used in combination with both liquid and gas chromatography. The new capabilities automate labor-intensive processes like sampling and report production. Virtual Control is an AI and machine learning software developer.
In October 2021, Tibidabo Scientific Industries Ltd., a US-based developer and manufacturer of highly differentiated technology for scientific research, aerospace, and industrial market, acquired Lambert Instruments B.V. for an undisclosed amount. Through this acquisition, Tibidabo Scientific Industries will expand its market by leveraging Lambert's broad product offering and strong R&D capabilities. Lambert Instruments B.V. is a Netherlands-based company that develops and produces scientific imaging equipment and numerous fluorescence imaging modalities.
The countries covered in the scientific instruments market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The scientific instruments market research report is one of a series of new reports from The Business Research Company that provides scientific instruments market statistics, including scientific instruments industry global market size, regional shares, competitors with a scientific instruments market share, detailed scientific instruments market segments, market trends and opportunities, and any further data you may need to thrive in the scientific instruments industry. This scientific instrument market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Scientific Instruments Market Characteristics
3. Scientific Instruments Market Trends And Strategies
4. Scientific Instruments Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Scientific Instruments Market
- 4.2. Ukraine-Russia War Impact On Scientific Instruments Market
- 4.3. Impact Of High Inflation On Scientific Instruments Market
5. Scientific Instruments Market Size And Growth
- 5.1. Global Scientific Instruments Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Scientific Instruments Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Scientific Instruments Market Segmentation
- 6.1. Global Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Clinical Analyzers
- Analytical Instruments
- Other Types
- 6.2. Global Scientific Instruments Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Research
- Clinical And Diagnostics
- Other Applications
- 6.3. Global Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospitals And Diagnostic Laboratories
- Pharmaceutical And Biotechnology Companies
- Other End-Users
7. Scientific Instruments Market Regional And Country Analysis
- 7.1. Global Scientific Instruments Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Scientific Instruments Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Scientific Instruments Market
- 8.1. Asia-Pacific Scientific Instruments Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Scientific Instruments Market
- 9.1. China Scientific Instruments Market Overview
- 9.2. China Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Scientific Instruments Market
- 10.1. India Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Scientific Instruments Market
- 11.1. Japan Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Scientific Instruments Market
- 12.1. Australia Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Scientific Instruments Market
- 13.1. Indonesia Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Scientific Instruments Market
- 14.1. South Korea Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Scientific Instruments Market
- 15.1. Western Europe Scientific Instruments Market Overview
- 15.2. Western Europe Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Scientific Instruments Market
- 16.1. UK Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Scientific Instruments Market
- 17.1. Germany Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Scientific Instruments Market
- 18.1. France Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Scientific Instruments Market
- 19.1. Eastern Europe Scientific Instruments Market Overview
- 19.2. Eastern Europe Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Scientific Instruments Market
- 20.1. Russia Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Scientific Instruments Market
- 21.1. North America Scientific Instruments Market Overview
- 21.2. North America Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Scientific Instruments Market
- 22.1. USA Scientific Instruments Market Overview
- 22.2. USA Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Scientific Instruments Market
- 23.1. South America Scientific Instruments Market Overview
- 23.2. South America Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Scientific Instruments Market
- 24.1. Brazil Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Scientific Instruments Market
- 25.1. Middle East Scientific Instruments Market Overview
- 25.2. Middle East Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Scientific Instruments Market
- 26.1. Africa Scientific Instruments Market Overview
- 26.2. Africa Scientific Instruments Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Scientific Instruments Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Scientific Instruments Market Competitive Landscape And Company Profiles
- 27.1. Scientific Instruments Market Competitive Landscape
- 27.2. Scientific Instruments Market Company Profiles
- 27.2.1. Thermo Fisher Scientific Inc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Agilent Technologies Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Bruker Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Danaher Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Waters Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Scientific Instruments Market
29. Scientific Instruments Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer