Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "Life Science Tools - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Life Science Tools Market to Reach $258.6 Billion by 2030
The global market for Life Science Tools estimated at US$148 Billion in the year 2023, is projected to reach a revised size of US$258.6 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2023-2030.
The report provides an insightful overview of the life sciences tools sector, beginning with a prelude and a global economic update. It delves into the competitive landscape, highlighting how players are focusing on product launch and innovation to remain relevant. Market shares of key competitors in 2023 are outlined, along with their competitive market presence. The analysis explores the global market prospects, forecasting healthy growth ahead, with cell biology and hospitals as significant segments.
Cell Biology Technology, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$82.6 Billion by the end of the analysis period. Growth in the Genomics Technology segment is estimated at 7.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $53.5 Billion, While China is Forecast to Grow at 10.8% CAGR
Regional trends show North America leading, while Asia-Pacific exhibits impressive growth. The report also discusses drivers sustaining the market, such as technology trends in connected devices, IoT ecosystems, and AI-enabled automation. It touches on cybersecurity needs and recent market activities, providing insights into world brands within the life sciences tools industry.
The Life Science Tools market in the U.S. is estimated at US$53.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$31.1 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 6.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.
MARKET OVERVIEW
- A Prelude to Life Sciences Tools
- Global Economic Update
- Competition
- Players Pursue Product Launch & Innovation to Stay Relevant in Competitive Life Science Tools Market
- Life Science Tools - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Analysis and Prospects
- Global Life Science Tools Market Appears Primed for Healthy Growth Ahead
- Cell Biology Holds Significant Revenue Stake
- Hospitals Remain Primary End-User Segment
- North America Maintains Front Rank in Global Life Science Tools Market
- Asia-Pacific to Exhibit Impressive Growth
- Salient Drivers Keeping Global Life Science Tools Market in Good Shape
- Technology Trends in the Life Sciences Domain
- Connected Devices, IoT Ecosystems to Transform the Life Science Landscape
- Exponential Intelligence, Quantum Computing and Ambient Technologies to Make Headway
- Cloud Platforms Ease Data Sharing
- Life Sciences to Gain with Blockchain Edge
- AI-enabled Automation to Deliver Tangible Benefits for All
- Cybersecurity Needs Grow for Life Sciences
- Intertwined Factors with Major Implications for Life Science Domain & Related Tools
- Recent Market Activity
- World Brands
MARKET TRENDS & DRIVERS
- Trends in Life Science Sector Support Demand
- Why Diagnostic Testing is Key to Mitigate Impact of Infectious Diseases?
- 3D Cell Culture Transforms Life Sciences Industry
- Global 3D Cell Culture Market in US$ Million: 2020 - 2027
- Increasing Demand for 3D Cell Culture in Drug Discovery
- Use of 3D Cell Culture for Regenerative Medicine
- mRNA Technology Gains Spotlight in Life Sciences
- Innovations in Instrumentation Expand Functionality and Drive Adoption of PCR
- Synoptic Review of Quantitative PCR Technical Advancements in the Recent Years
- Global qPCR and dPCR Instrumentation Market in US$ Million: 2020-2025
- Genome Sequencing Experiences Host of Evolutionary Waves
- Greater Integration of Genomic Technologies in the Development of Novel Diagnostics Tests
- Next Generation Sequencing Drives the Market Growth
- R&D Activity Remains Vibrant in NGS
- The Need for Large-scale NGS Data Analysis Pushes for Cloud-enabled Bioinformatics Services
- Single-Cell Spatial Biology Technologies Poised to Emerge as an Integral Aspect of Future Labs
- Rising Application of Whole Genome Sequencing Drives Demand for Faster Secondary Analysis Tools
- Rapid Growth in Biopharma Industry and Rising Investments in R&D to Boost Market Prospects
- Global BioPharmaceuticals Market in US$ Billion: 2020 and 2026
- Liquid Chromatography Drives Growth in New Application Markets
- Innovative HPLC Products Inject New Growth
- Digital Transformation of Life Sciences Sector Improves Efficiency and Productivity
- Key Initiators of Digital Transformation in Life Sciences
- Artificial Intelligence offers Multiple Opportunities
- Wearable Devices Gains Popularity
- The Cloud Technology Witnesses Rapid Growth
- VR and E-pharmacy
- Smart Quality
- Growing R&D Spending in Pharma and Biotechnology Sectors Presents Opportunities
- Pharmaceutical R&D Spending Worldwide (USD Billion) for 2015-2025
- Technological Developments and Expanding End-Use Applications to Bolster Growth in Mass Spectrometry
- Global Chromatography Market (2022): Percentage Share Breakdown of Value Sales by Chromatography Techniques
- Miniature Mass Spectroscopy Instruments Get Popular
- Increase in Healthcare Spending to Propel Demand for Life Science Tools
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- The Rise of Data Analytics in Life Sciences
- Data Science in Drug R&D
- Data Sharing Emerges as a Significant Trend to Gain Competitive Advantage
FOCUS ON SELECT PLAYERS(Total 295 Featured)
- Abbott Laboratories Inc.
- Agilent Technologies, Inc.
- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Bruker Corporation
- Carl Zeiss AG
- Eppendorf SE
- F. Hoffmann-La Roche AG
- Hitachi High-Tech Corporation
- Illumina, Inc.
- Merck KGaA
- Oxford Instruments plc
- PerkinElmer Inc.
- QIAGEN N.V.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/wlsw7w
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