Wide-scale applications in areas of chemicals, advanced materials, drug discovery, laboratory research, animal health, food safety and many others is driving the demand of life science equipment across the world. Life science, also referred to as biology, is an enormous field of study that examines every living organism on earth. From plants to animals and from humans to pathogens, life sciences aim to learn every aspect about life on this planet. It is practiced in multitude of industries to create novel products and processes. In chemical and advance materials industry, life science is used in development of polymer and plastics, coatings, lubricants and other products; in food processing industry it is used for assessing and maintain food safety and quality; in pharmaceutical industry it is used for development and analysis of drugs and many other industries are utilizing life science for optimizing their products and generating higher revenues. Professionals and scientists in life science field work in multiple, indoor or outdoor, environments which creates demand for a wide array of instruments. These instruments include chromatographs, cytometers, microscopes, centrifuges, incubators and other instruments along with accessories and consumables. Thus, the wide and continuously expanding applications of life science in various industries is propelling the growth of life science instruments market across the globe.
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The life science instruments are high precision critical equipment, which requires skilled personnel for its flawless operation. The limited availability of skilled labor and their high wages inflate the operational costs of life science instruments, thus, raising concerns amongst end users and hampering its adoption. In order to overcome this challenge, market players are developing simple and reliable solutions which minimize human intervention and makes the device easy-to-use. Also, governments of various nations are operating various programs to develop the skilled workforce. For instance, the Life Sciences Skill Development Council is a body under Indian Ministry of Skill Development and Entrepreneurship, which is aimed at skill development of workforce in life science sector. These initiatives are anticipated to overcome the challenge of limited availability of skilled workforce across global life science instruments market.
The ongoing industrial revolution has impacted multiple industries creating demand for automated and smart functionalities in instruments or devices. Life science instruments manufacturers have recognized this transformation and are developing advanced and automated products either by forming a strategic alliance or advancing in-house research. For instance, Cognizant, a leading technology provider, acquired Zenith Technologies, a life science services provider, in June 2019 to strengthen digitalization of their offerings. Incorporation of technologies such as Internet of Things (IoT), artificial intelligence, cloud, big data and others in these instruments is expected to provide substantial value in life science field and thus, create lucrative growth opportunities for players in global life science instruments market in future years.
The recent outbreak of COVID-19 pandemic has severely affected healthcare sector across multiple nations, thus, creating high demand for screening and treatment. Medical professionals and researchers are continuously striving to overcome these crisis by performing diagnosis, treatment and research at mass scale. These on-going activities have inflated the demand of life science instruments for detection, characterization and research on coronavirus. Public and private sector entities are making efforts either to develop a vaccine, create easy to use and affordable testing kits or are involved in drug development. World Health Organization stated in a press release of July 2020, that more than 150 countries are developing vaccine for COVID-19. Thus, the need for mass screening of COVID-19 patients coupled with increased investment towards development of vaccines and medicines are anticipated to positively impact the demand in global life science instruments market.
The report provides both, qualitative and quantitative research of life science instruments market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Some of the players operating in the life science instruments market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Bruker, Cytiva, Danaher., Eppendorf AG, Hitachi High-Tech Corporation, METTLER TOLEDO, NIKON CORPORATION, OLYMPUS CORPORATION, PerkinElmer Inc., PHC Corporation, Roche Molecular Systems, Inc., Shimadzu Corporation, Spectris Thermo Fisher Scientific, Waters Corporation and ZEISS amongst others.
Market players are performing M&A activities to increase their presence amidst growing competition and generate higher revenues. For instance, Spectris, a life science instruments provider from the U.K acquired Concept Life Sciences from Equistone Partners Europe for US$ 209.26 million in January 2018. This acquisition was aimed at expanding the offerings of Spectris in life science sector. Other M&A deals in the life science instruments market are acquisition of GE Healthcare’s Life Sciences division by Danaher, Thermo Fisher Scientific Inc.’s acquisition of Brammer Bio and many such others.
Global Life Science Instruments Market:
By Offering
- Products
- Chromatography
- Liquid Chromatography (LC)
- Liquid Chromatography/Mass Spectrometry (LC/MS)
- Gas Chromatography (GC)
- Thin Layer Chromatography
- Gas Chromatography/Mass Spectrometry (GC/MS)
- Electrophoresis and Blotting
- Next-Generation Sequencing (NGS) Systems
- Flow Cytometer Systems
- Cell Analyzer
- Cell Sorter
- Cell Imaging
- Plate Readers
- Microscopes
- Others
- Cell Counting
- Automated Cell Counter
- Manual Cell Counter
- Polymerase Chain Reaction (PCR)
- Digital PCR
- Real Time PCR
- Liquid Handling Systems
- Automated Liquid Handling Systems
- Manual Liquid Handling Systems
- Protein Sample Preparation & Interaction Systems
- Centrifuges
- Ultracentrifuges
- Mini and Microcentrifuges
- High Speed Centrifuges
- Large Capacity Centrifuges
- Others
- Air Particle Counters
- Particle Size Analyzer
- Total Organic Carbon (TOC) Analyzer
- General Laboratory Equipment
- Incubators
- CO2 Incubators
- Multigas Incubators
- Heated Incubators
- Cooled Incubators
- Others
- Freezers & Refrigerators
- Pharmaceutical / Vaccine Refrigerators
- Blood Bank Refrigerators
- Lab Freezers
- Biomedical Freezers
- Others
- Lab Ovens & Furnaces
- Water Baths, Circulators & Chillers
- Water Purification
- Lab Shakers
- Lab Automation Systems
- Others
- Incubators
- Others
- Chromatography
- Services
- Support & Maintenance Services
- Training & Education Services
- Others
By Application
- Research, Drug and Development
- Genomics
- Molecular Diagnostics
- Cell Biology
- Protein Biology
- Environmental Analysis
- Food Testing and Agriculture
- Energy and Chemicals
- Forensics
- Others
By End Users
- Universities
- Government
- Biotechnology and Pharmaceutical Companies
- Hospitals
- Laboratories
- Others
By Distribution Channel
- Direct
- Indirect
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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