Scientific Instrument Market Outlook Report, 2024-2032: Growing R&D Sector Fuelling the Market, Supported by Government-Industry Collaborations

Dublin, April 30, 2024 (GLOBE NEWSWIRE) -- The "Scientific Instrument Market Report by End-Use (Industrial, Government Institutes, Academics), Type (Scientific Clinical Analyzers, Scientific Analytical Instruments), and Region 2024-2032" report has been added to's offering.

The global scientific instrument market reached US$ 44.1 Billion in 2023. Looking forward, the market is projected to reach US$ 67.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.

The major demand driver of the global scientific instrument market is the growth of the research and development sector. Additionally, the rising collaboration between the governments and manufacturers to provide the best instruments in government and university laboratories, and various other research institutions is anticipated to contribute to the market growth across the globe.

Further, the integration of scientific instruments with computers extends and enhances instrumental functions, offers parameter adjustments & conditions and streamlines data sampling, collection, resolution & analysis. This is expected to expand the demand for scientific instruments worldwide.

Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global scientific instrument market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on end-use, type, and region.

Breakup by End-Use:

  • Industrial
  • Government Institutes
  • Academics

Currently, industrial users dominate the market, accounting for the largest share.

Breakup by Type:

  • Scientific Clinical Analyzers
  • Scientific Analytical Instruments

Amongst these, scientific clinical analyzers are the most popular type, holding the majority of the market share.

Breakup by Region:

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

Competitive Landscape

The competitive landscape of the market has also been examined with some of the key players being:

  • Agilent Technologies Inc.
  • Bruker Corporation
  • Danaher Corporation
  • Horiba Ltd.
  • Thermo Fisher Scientific Inc.
  • Waters Corporation
  • F. Hoffmann-La Roche AG
  • PerkinElmer Inc.
  • Merck KGaA

This report provides a deep insight into the global scientific instrument market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

Key Attributes

Report AttributeDetails
No. of Pages139
Forecast Period2023-2032
Estimated Market Value (USD) in 2023$44.1 Billion
Forecasted Market Value (USD) by 2032$67.5 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal

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Scientific Instrument Market

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