Life Science and Analytical Instruments Market is growing at CAGR of 6.9% By 2021

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According to the latest publication from Meticulous Research®, the Global Life Science and Analytical Instrumentation Market is expected to reach $48.48 billion by 2021 with a CAGR of 6.9% over the period of 2016 to 2021. The report analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on the growth of life science and analytical instrumentation market across the globe.


The life sciences industry is a constantly evolving industry that thrives on innovation. Owing to this, the expenditure on R&D activities is always high in this industry. As a result, the life science and analytical instrumentation market is expected to benefit from these increased spending on R&D activities. According to Battelle (a non-profit research and development organization) and R&D Magazine, the global life sciences R&D spending is $182.9 billion in 2013, an increase of approximately 4.2% compared to the previous year. Similarly, according to BB Biotech, the revenues for the biotechnology sector accounted for $91 billion in 2010 and are poised to exceed $150 billion in 2015.

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The global life science and analytical instruments market is mainly segmented by product, end-user, and geography. Spectroscopy segment commanded the largest share in the global life science and analytical instruments market, followed by separation techniques such as liquid and gas chromatography. The comprehensive end-user analysis is provided in the report for each technology. The global life science and analytical instrumentation market is further segmented by geography into four major continents namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at a country level to provide the market size and forecast for each segment and sub-segment of the market in various countries across the globe. North America and Europe have been in the forefront of acknowledging the need for life science and analytical instruments in biopharmaceuticals and pharmaceuticals, followed by Asia-Pacific, Latin America, and Middle East & Africa.

The leading 40–50 life science and analytical instruments companies accounted for more than 70% share of the global market. These leading players further aims to expand in the global market through various mergers and acquisitions. key players in the global life science and analytical instrumentation market are Agilent Technologies, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), and Waters Corporation (U.S.).

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About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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