Analytical Instrumentation Market Size, Share & Trends Analysis Report By Technology (PCR, Spectroscopy), By Application (Forensic Analysis, Life Sciences R&D), By Product (Instruments, Services)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The global analytical instrumentation market size was exhibited at USD 53.69 billion in 2022 and is projected to hit around USD 76.03 billion by 2032, growing at a CAGR of 3.54% during the forecast period 2023 to 2032.

analytical instrumentation market size

Key Pointers:

  • The instruments segment held the largest share of more than 54.90% of the overall revenue in 2022.
  • The polymerase chain reaction (PCR) segment held the largest share of 24.29% in 2022. 
  • The life sciences research & development segment captured the highest share of 46.70% of the overall revenue in 2022. 
  • North America held the largest share of more than 45.79% of the overall revenue in 2022. 
  • The Asia Pacific region, on the other hand, is projected to register the fastest growth rate from 2023 to 2032. 

Analytical Instrumentation Market Report Scope

Report Coverage Details
Market Size in 2023 USD 55.59 Billion
Market Size by 2032 USD 76.03 Billion
Growth Rate from 2023 to 2032 CAGR of  3.54%
Base year 2022
Forecast period 2023 to 2032
Segments covered Product, Technology, Application
Regional scope North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa
Key companies profiled

Thermo Fisher Scientific, Inc.; Waters Corp.; Shimadzu Corp.; Danaher Corp.; Agilent Technologies, Inc.; Bruker Corp.; PerkinElmer, Inc.; Mettler Toledo; Zeiss Group; Bio-Rad Laboratories, Inc.; Illumina, Inc.; Eppendorf SE; F. Hoffmann-La Roche AG; Sartorius AG; Avantor, Inc.

 

 

Analytical laboratory instrumentation includes a broad range of instruments with the main purpose of quantitative and qualitative analysis of samples. Increasing research and development activities in the pharmaceutical and biotechnology industries and increasing adoption of analytical instrumentation for applications in precision medicine are key factors driving the industry. Governments from various countries are continuously investing in pharmaceutical R&D to support new drug development and improve healthcare in their regions.

For instance, in October 2020, the UAE government announced the provision of financial incentives to support Indian healthcare manufacturing companies with robust R&D capabilities. The announcement was made at the UAE-India Healthcare Conference 2020 and was intended to promote partnerships and collaborations between the two countries for pharmaceutical, healthcare, medical devices, and alternative medicine. Such initiatives will boost R&D activities, which, in turn, will support market growth. The COVID-19 pandemic led to a decrease in the sales of analytical instruments, such as spectroscopy and chromatography-related instrumentation, thermal analyzers, and others in 2020.

This was due to the imposition of lockdown strictures, disruption of supply chains, and a decrease in clinical trial activities during the period. However, due to the pandemic, instrumentation related to a polymerase chain reaction (PCR), microarray, and sequencing technologies saw a significant rise in demand in 2021. Several new PCR products were launched to tackle the increasing COVID-19 cases during this period. For instance, in March 2022, Roche launched its new cobas 5800 system in the U.K. to increase testing volumes and enhance the operational efficiency of COVID-19 testing. Moreover, technological advancements are also leading to a reduction in analysis time and are increasing the medical applications of analytical instrumentation.

For instance, in June 2021, Trivitron Healthcare launched its NANO H5 & NANO H110 HPLC analyzers intended for the detection of HbA1c in less than 3 minutes. These HPLC-based HbA1c analyzers can also aid in monitoring hemoglobin variants, thalassemia, and diabetes. Furthermore, key players are launching novel analytical instrumentation for microplastic analysis. For instance, in October 2022, Agilent Technologies, Inc. launched its enhanced 8700 LDIR Chemical Imaging System with Clarity 1.5 software optimized for the analysis of microplastics in environmental samples. The advances in analytical instruments include enhanced spectral acquisition, speed of analysis, transformation, and library matching.

These technological advancements can significantly aid in increasing the adoption of analytical instrumentation and fuel market growth. On the other hand, the high cost of analytical instrumentation may restrain the industry growth during the projected timeframe. Spectrometry has a high initial setup cost; the mass spectrometers, LC/MS systems, cost around USD 40,000 to USD 200,000, depending on the technology, requirement, and analysis. Such high costs may not be affordable for small- and medium-sized laboratories, which hampers the market growth. However, to overcome the cost-associated factors, various companies and organizations are undertaking initiatives to provide analytical instruments at affordable prices. For instance, Thermo Fisher Scientific offers Mass Spectrometer Price Affordability Programs in which the company helps buy mass spectrometry instruments at affordable prices.

Some of the prominent players in the Analytical Instrumentation Market include:

  • Thermo Fisher Scientific, Inc.
  • Waters Corp.
  • Shimadzu Corp.
  • Danaher
  • Agilent Technologies, Inc.
  • Bruker Corp.
  • PerkinElmer, Inc.
  • Mettler Toledo
  • Zeiss Group
  • Bio-Rad Laboratories, Inc.
  • Illumina, Inc.
  • Eppendorf SE
  • F. Hoffmann-La Roche AG
  • Sartorius AG
  • Avantor, Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Analytical Instrumentation market.

By Product 

  • Instruments
  • Services
  • Software

By Technology 

  • Polymerase Chain Reaction
  • Spectroscopy
  • Microscopy
  • Chromatography
  • Flow Cytometry
  • Sequencing
  • Microarray
  • Others

By Application 

  • Life Sciences Research & Development
  • Clinical & Diagnostic Analysis
  • Food & Beverage Analysis
  • Forensic Analysis
  • Environmental Testing
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global analytical instrumentation market size was exhibited at USD 53.69 billion in 2022 and is projected to hit around USD 76.03 billion by 2032

The global analytical instrumentation market is expected to grow at a compound annual growth rate of 3.54% from 2023 to 2032

Some key players operating in the analytical instrumentation market include Thermo Fisher Scientific, Inc.; Waters Corporation; Shimadzu Corporation; Danaher Corporation; Agilent Technologies, Inc.; Bruker Corporation; PerkinElmer, Inc.; Mettler Toledo; Zeiss Group; Bio-Rad Laboratories, Inc.; Illumina, Inc.; Eppendorf SE; F. Hoffmann-La Roche AG; Sartorius AG; and Avantor, Inc.

The increasing R&D activities and continuously growing investments & funding in the life sciences domain are driving the demand for efficient analytical tools, thereby boosting market growth.

 

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Assumptions
                       1.2.1 Estimates And Forecast Timeline
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 Nova one advisor’s Internal Database
                       1.3.3 Secondary Sources
                       1.3.4 Primary Research
                   1.4 Information Or Data Analysis
                       1.4.1 Data Analysis Models
                   1.5 Market Formulation & Validation
Chapter 2 Executive Summary
                   2.1 Market Snapshot
                   2.2 Segment Snapshot
                   2.3 Competitive Landscape Snapshot
Chapter 3 Market Variables, Trends, & Scope
                   3.1 Parent Market Analysis
                   3.2 Market Dynamics
                       3.2.1 Market Driver Analysis
                           3.2.1.1 Technological Advancements In Analytical Instruments
                           3.2.1.2 Increasing R&D Spending By Pharmaceutical Industry & Government Research Organizations
                           3.2.1.3 Increasing Adoption Of Analytical Instrumentation For Precision Medicine Applications
                       3.2.2 Market Restraint Analysis
                           3.2.2.1 High cost of instruments
                   3.3 Penetration &Growth Prospect Mapping
                   3.4 Analytical Instrumentation Market - Porter’s Five Forces Analysis
                   3.5 Analytical Instrumentation Market - SWOT Analysis
                   3.6 COVID-19 Impact Analysis
Chapter 4 Product Business Analysis
                   4.1 Analytical Instrumentation Market-Product Movement Analysis
                   4.2 Instruments
                       4.2.1 Global Instruments Market, 2020 - 2032
                   4.3 Services
                       4.3.1 Global Services Market, 2020 - 2032
                   4.4 Software
                       4.4.1 Global Software Market, 2020 - 2032
Chapter 5 Technology Business Analysis
                   5.1 Analytical Instrumentation Market-Technology Movement Analysis
                   5.2 Polymerase Chain Reaction
                       5.2.1 Global Polymerase Chain Reaction Market, 2020 - 2032
                   5.3 Spectroscopy
                       5.3.1 Global Spectroscopy Market, 2020 - 2032
                   5.4 Microscopy
                       5.4.1 Global Microscopy Market, 2020 - 2032
                   5.5 Chromatography
                       5.5.1 Global Chromatography Market, 2020 - 2032
                   5.6 Flow Cytometry
                       5.6.1 Global Flow Cytometry Market, 2020 - 2032
                   5.7 Sequencing
                       5.7.1 Global Sequencing Market, 2020 - 2032
                   5.8 Microarray
                       5.8.1 Global Microarray Market, 2020 - 2032
                   5.9 Others
                       5.9.1 Global Others Market, 2020 - 2032
Chapter 6 Application Business Analysis
                   6.1 Analytical Instrumentation Market-Application Movement Analysis
                   6.2 Life Sciences Research & Development
                       6.2.1 Global Life Sciences Research & Development Market, 2020 - 2032
                   6.3 Clinical & Diagnostic Analysis
                       6.3.1 Global Clinical & Diagnostic Analysis Market, 2020 - 2032
                   6.4 Food & Beverage Analysis
                       6.4.1 Global Food & Beverage Analysis Market, 2020 - 2032
                   6.5 Forensic Analysis
                       6.5.1 Global Forensic Analysis Market, 2020 - 2032
                   6.6 Environmental Testing
                       6.6.1 Global Environmental Testing Market, 2020 - 2032
                   6.7 Others
                       6.7.1 Global Others Market, 2020 - 2032
Chapter 07 Regional Business Analysis
                   7.1 Analytical Instrumentation Market: Regional Movement Analysis
                   7.2 North America
                       7.2.1 Swot Analysis
                           7.2.1.1 North America Analytical Instrumentation Market, 2020 - 2032
                       7.2.2 U.S.
                           7.2.2.1 Key Country Dynamics
                           7.2.2.2 Competitive Scenario
                           7.2.2.3 U.S. Analytical Instrumentation Market, 2020 - 2032
                       7.2.3 Canada
                           7.2.3.1 Key Country Dynamics
                           7.2.3.2 Competitive Scenario
                           7.2.3.3 Canada Analytical Instrumentation Market, 2020 - 2032
                   7.3 Europe
                       7.3.1 Swot Analysis
                           7.3.1.1 Europe Analytical Instrumentation Market Estimates And Forecast, 2020 - 2032
                       7.3.2 U.K.
                           7.3.2.1 Key Country Dynamics
                           7.3.2.2 Competitive Scenario
                           7.3.2.3 U.K. Analytical Instrumentation Market, 2020 - 2032
                       7.3.3 Germany
                           7.3.3.1 Key Country Dynamics
                           7.3.3.2 Competitive Scenario
                           7.3.3.3 Germany Analytical Instrumentation Market, 2020 - 2032
                       7.3.4 France
                           7.3.4.1 Key Country Dynamics
                           7.3.4.2 Competitive Scenario
                           7.3.4.3 France Analytical Instrumentation Market, 2020 - 2032
                       7.3.5 Italy
                           7.3.5.1 Key Country Dynamics
                           7.3.5.2 Competitive Scenario
                           7.3.5.3 Italy Analytical Instrumentation Market, 2020 - 2032
                       7.3.6 Spain
                           7.3.6.1 Key Country Dynamics
                           7.3.6.2 Competitive Scenario
                           7.3.6.3 Spain Analytical Instrumentation Market, 2020 - 2032
                       7.3.7 Denmark
                           7.3.7.1 Key Country Dynamics
                           7.3.7.2 Competitive Scenario
                           7.3.7.3 Denmark Analytical Instrumentation Market, 2020 - 2032
                       7.3.8 Sweden
                           7.3.8.1 Key Country Dynamics
                           7.3.8.2 Competitive Scenario
                           7.3.8.3 Sweden Analytical Instrumentation Market, 2020 - 2032
                       7.3.9 Norway
                           7.3.9.1 Key Country Dynamics
                           7.3.9.2 Competitive Scenario
                           7.3.9.3 Norway Analytical Instrumentation Market, 2020 - 2032
                   7.4 Asia Pacific
                       7.4.1 Swot Analysis
                           7.4.1.1 Asia Pacific Vacuum Blood Collection Tube, 2020 - 2032
                       7.4.2 Japan
                           7.4.2.1 Key Country Dynamics
                           7.4.2.2 Competitive Scenario
                           7.4.2.3 Japan Analytical Instrumentation Market, 2020 - 2032
                       7.4.3 China
                           7.4.3.1 Key Country Dynamics
                           7.4.3.2 Competitive Scenario
                           7.4.3.3 China Analytical Instrumentation Market, 2020 - 2032
                       7.4.4 India
                           7.4.4.1 Key Country Dynamics
                           7.4.4.2 Competitive Scenario
                           7.4.4.3 India Analytical Instrumentation Market, 2020 - 2032
                       7.4.5 Australia
                           7.4.5.1 Key Country Dynamics
                           7.4.5.2 Competitive Scenario
                           7.4.5.3 Australia Analytical Instrumentation Market, 2020 - 2032
                       7.4.6 Thailand
                           7.4.6.1 Key Country Dynamics
                           7.4.6.2 Competitive Scenario
                           7.4.6.3 Thailand Analytical Instrumentation Market, 2020 - 2032
                       7.4.7 South Korea
                           7.4.7.1 Key Country Dynamics
                           7.4.7.2 Competitive Scenario
                           7.4.7.3 South Korea Analytical Instrumentation Market, 2020 - 2032
                   7.5 Latin America
                       7.5.1 Swot Analysis
                           7.5.1.1 Latin America Analytical Instrumentation Market, 2020 - 2032
                       7.5.2 Brazil
                           7.5.2.1 Key Country Dynamics
                           7.5.2.2 Competitive Scenario
                           7.5.2.3 Brazil Analytical Instrumentation Market, 2020 - 2032
                       7.5.3 Mexico
                           7.5.3.1 Key Country Dynamics
                           7.5.3.2 Competitive Scenario
                           7.5.3.3 Mexico Analytical Instrumentation Market, 2020 - 2032
                       7.5.4 Argentina
                           7.5.4.1 Key Country Dynamics
                           7.5.4.2 Competitive Scenario
                           7.5.4.3 Argentina Analytical Instrumentation Market, 2020 - 2032
                   7.6 Middle East & Africa (Mea)
                       7.6.1 Swot Analysis
                           7.6.1.1 Mea Analytical Instrumentation Market Estimates And Forecast, 2020 - 2032
                       7.6.2 South Africa
                           7.6.2.1 Key Country Dynamics
                           7.6.2.2 Competitive Scenario
                           7.6.2.3 South Africa Analytical Instrumentation Market Estimates And Forecast, 2020 - 2032
                       7.6.3 Saudi Arabia
                           7.6.3.1 Key Country Dynamics
                           7.6.3.2 Competitive Scenario
                           7.6.3.3 Saudi Arabia Analytical Instrumentation Market Estimates And Forecast, 2020 - 2032
                       7.6.4 Uae
                           7.6.4.1 Key Country Dynamics
                           7.6.4.2 Competitive Scenario
                           7.6.4.3 Uae Analytical Instrumentation Market Estimates And Forecast, 2020 - 2032
                       7.6.5 Kuwait
                           7.6.5.1 Key Country Dynamics
                           7.6.5.2 Competitive Scenario
                           7.6.5.3 Kuwait Analytical Instrumentation Market Estimates And Forecast, 2020 - 2032
Chapter 8 Competitive Landscape
                   8.1 Participant’s Overview
                       8.1.1 Thermo Fisher Scientific Inc.
                       8.1.2 Waters Corporation
                       8.1.3 Shimadzu Corporation
                       8.1.4 Danaher
                       8.1.5 Agilent Technologies, Inc.
                       8.1.6 Bruker Corporation
                       8.1.7 Perkinelmer, Inc.
                       8.1.8 Mettler Toledo
                       8.1.9 Zeiss Group
                       8.1.10 Bio-Rad Laboratories, Inc.
                       8.1.11 Illumina, Inc.
                       8.1.12 Eppendorf Se
                       8.1.13 F. Hoffmann-La Roche Ag
                       8.1.14 Sartorius Ag
                       8.1.15 Avantor, Inc.
                   8.2 Financial Performance
                   8.3 Participant Categorization
                       8.3.1 Market Leaders
                           8.3.1.1 Analytical Instrumentation Market Share Analysis, 2022
                       8.3.2 Strategy Mapping
                           8.3.2.1 Expansion
                           8.3.2.2 Acquisition
                           8.3.2.3 Collaborations
                           8.3.2.4 Product/service launch
                           8.3.2.5 Partnerships
                           8.3.2.6 Others

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