Life Science Instrumentation Market (By Technology: Spectroscopy, Chromatography, Flow Cytometry, Next Generation Sequencing, Polymerase Chain Reaction, Microscopy; By Application: Research and Clinical; By End User: Pharma-Biotech, Agri and Food Industry, Hospitals & Diagnostic Labs) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030


The global life science instrumentation market was valued at US$ 60.85 billion in 2021 and is expected to reach over US$ 106.39 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2030.

Life Science Instrumentation Market Size 2020 to 2030

Growth Factors

The life science instruments are commonly utilized for analytical techniques and method validation during drug development. Nowadays, several innovative technologies are used in the medication development process. The life science instrumentation market will benefit from rising demand for analytical instruments, strong growth in the biotechnology and pharmaceutical industries, and expanding application area of analytical instruments. As sequencing technologies aids in determining the origin of an illness, increased attention on next generation sequencing (NGS) is expected to promote market growth.

The life science instrumentation market is expected to benefit from an increase in research and development activities in various sectors such as biotechnology, pharmaceuticals, food and beverage, and agriculture. Moreover, the increased number of novel product launches by numerous prominent players is expected to boost the growth of the life science instrumentation market during the forecast period.

The growing incidence of chronic diseases in both developing and developed countries is projected to increase the demand for effective technology for early disease diagnosis, which will drive up the demand for instruments in life science. Furthermore, the market for life science instrumentation is being driven by increased public-private investments in life science research and technical developments in analytical equipment. However, the high cost of life science instrumentation is inhibiting the market’s expansion.

During the forecast period, the life science instrumentation market is expected to rise due to rising demand for effective diagnostic technologies and increasing government funding in the development of new instruments utilized in the life sciences and medical devices sectors. The growing applications of life science instruments in other industries, such as the food and beverage industry is expected to boost the life science instrumentation market growth during the forecast period.

The majority of life science and analytical technologies are utilized to study DNA in order to develop new pharmaceutical medications and determine food quality. The companies are heavily investing in this area in order to increase the market growth. The development of new products will improve the ability to accurately diagnose samples. It will assist in the targeting of treatment for a specific patient.

The growth of life science instrumentation market is projected to be hampered by high maintenance and operation costs. In addition, without an alternative, diagnosing the samples will be difficult because the lack of such intricate equipment would make the process much more complicated and cause the outcome to be delayed.

Scope of the Life Science Instrumentation Market

Market Size in 2020 US$ 57.5 Billion
Growth Rate From 2021 to 2030 CAGR of 5.4%
Revenue Projection by 2030 US$ 106.39 Billion
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered
  • Technology
  • Application
  • End User
  • Region
Companies Mentioned Bruker Corporation, Eppendorf AG, Hitachi High Technologies Corporation, Becton Dickinson and Company, Bio-Rad Laboratories Inc., Waters Corporation, Thermo Fisher Scientific, Agilent Technologies, Shimadzu Corporation, Qiagen N.V.

 

Technology Insights

Based on the technology, the next generation sequencing (NGS) segment dominates the life science instrumentation market during the forecast period. The next generation sequencing (NGS) segment is predicted to increase at the fastest CAGR throughout the forecast period, owing to the benefits of NGS technologies in DNA sequencing, which give much higher productivity and reduce the requirement for fragment-cloning processes. Moreover, the constant technological developments and the rising availability of less expensive sequencing platforms are likely to fuel the expansion of the life science instrumentation market. 

The microscopy is expected to grow at rapid pace during the forecast period. The expanding healthcare sector, combined with rising applications from emerging economies, would further boost numerous prospects that will contribute to the development of the microscopy segment.

Application Insights

Based on the application, the research dominates the life science instrumentation market during the forecast period. The expanding number of research studies along with increased public-private funding in the field of genomic researches, as well as the continued trend of laboratory automation and robotics, all contributes to the substantial share of the research applications segment.

The clinical segment is expected to grow at rapid pace during the forecast period. The rising frequency of chronic disease, as well as the expanding demand for clinical trials in emerging countries, is driving the growth of segment.

End User Insights

Based on the end user, the pharma-biotech dominate the life science instrumentation market during the forecast period. The life science instruments are used widely in pharmaceutical and biotechnology industries. Pharmaceutical instrumentation necessitates the highest levels of precision, dependability, and quality. 

The hospitals & diagnostic labs is expected to grow at rapid pace during the forecast period. The utilization of life science instrumentation in diagnostic labs and hospitals is on a large scale, owing to rising prevalence of chronic diseases and rising R&D investments.

Region Insights

Based on the region, the North America segment dominated the global life science instrumentation market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. The life science instrumentation is employed in a variety of applications in North America. The life science instrumentation has shown to be a useful tool for a variety of applications including pharmaceutical applications, final product testing, and food safety testing.

On the other hand, in the life science instrumentation market, the Asia-Pacific region is one of the most profitable regions. The region’s growth is being fueled by strategic expansions by important market players in rising Asian countries, the growing pharmaceutical industry in China and India.

Key Companies & Market Share Insights

The market growth strategies such as acquisitions, mergers, and collaborations are being used by key market players in the life science instrumentation market to expand their product portfolios. Only a few firms have come up with innovative technologies and new product launches.

Tecan Trading AG introduced NGS DreamPre in February 2019, a fully automated approach to next generation sequencing (NGS) that produces quality-controlled, sequencing-ready NGS libraries in a matter of hours with no operator interaction and no sample loss. 

Some of the key market players in the global life science instrumentation market include:

  • Bruker Corporation
  • Eppendorf AG
  • Hitachi High Technologies Corporation
  • Becton Dickinson and Company
  • Bio-Rad Laboratories Inc.
  • Waters Corporation
  • Thermo Fisher Scientific
  • Agilent Technologies
  • Shimadzu Corporation
  • Qiagen N.V.

Segments Covered in the Report

By Technology

  • Spectroscopy
    • Mass Spectroscopy
    • Molecular Spectroscopy
    • Atomic Spectroscopy
  • Chromatography
    • Liquid Chromatography (LC)
    • Gas Chromatography (GC)
    • Super Critical Fluid Chromatography (SCF)
    • Thin-layer Chromatography (TLC)
  • Flow Cytometry
    • Cell Analyzers
    • Cell Sorters
  • Next Generation Sequencing (NGS)
  • Polymerase Chain Reaction (PCR)
    • qPCR
    • dPCR
  • Microscopy
    • Optical Microscopes
    • Electron Microscopes
    • Scanning Probe Microscopes
    • Others
  • Liquid Handling
    • Electronic Liquid Handling Systems
    • Automated Liquid Handling Systems
    • Manual Liquid Handling Systems
    • Clinical Chemistry Analyzers
  • Electrophoresis
    • Gel Electrophoresis Systems
    • Capillary Electrophoresis Systems
  • Cell Counting
    • Automated Cell Counters
    • Hemocytometers and Manual Cell Counters
  • Other Technologies
    • Laboratory Freezers
    • Heat Sterilization
    • Microplate Systems
    • Robotic systems
    • Laboratory Balances & scales
    • Colorimeters
    • Incubators
    • Fume Hoods
    • PH Meters
    • Conductivity and Resistivity Meters
    • Dissolved CO2 and O2 Meters
    • Titrators
    • Gas Analyzers
    • TOC Analyzers
    • Thermal Analyzers
    • Shakers/Rotators and Stirrers

By Application

  • Research
  • Clinical

By End User

  • Pharma-Biotech
  • Agri and Food Industry
  • Hospitals & Diagnostic Labs

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • MEA
  • Rest of the World

Frequently Asked Questions

What is the current size of life science instrumentation market?
The global life science instrumentation market size was worth at US$ 57.5 billion in 2020 and is predicted to reach over US$ 106.39 billion by 2030.
The global life science instrumentation market is expected to drive growth at a CAGR of 5.4% from 2021 to 2030.
The increased spending on research and development by pharmaceutical and biotechnology businesses, increased public and private financing for life science research, and rising incidence of target diseases and genetic disorders are all driving the life science instrumentation market expansion.
The major players operating in the life science instrumentation market are Bruker Corporation, Eppendorf AG, Hitachi High Technologies Corporation, Becton Dickinson and Company, Bio-Rad Laboratories Inc., Waters Corporation, Thermo Fisher Scientific, Agilent Technologies, Shimadzu Corporation, Qiagen N.V..
North America is the largest segment for life science instrumentation market in terms of region. The increased need for drug discovery, rising frequency of chronic diseases, and increased demand for rising food safety concerns are among the drivers driving the growth of the North American life science instrumentation market.

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