Press Releases

Analytical Laboratory Instruments Manufacturing Market to Reach $115.8 Billion by 2022

June 25, 2018

WELLESLEY, Mass., June 25, 2018 – The global market for analytical laboratory instruments manufacturing is expected to experience strong and steady progression through 2022, as a result of economic growth, technological advancements and increases in private investments, according to a new report from BCC Research.

The market for analytical laboratory instruments manufacturing was valued at nearly $83.1 billion in 2017. By 2022, the market worth is anticipated to reach $115.8 billion, denoting a compound annual growth rate (CAGR) of 6.8%, according to the recent report Analytical Laboratory Instruments Manufacturing: Global Markets to 2022.

A few key players dominate the market for analytical laboratory instruments manufacturing, including Agilent Technologies, BioMérieux S.A., Danaher Corporation, Thermo Fisher Scientific, and Waters Corporation, among others.

Research Highlights

  • Elemental analysis instruments accounted for the largest segment of the market for analytical laboratory instruments manufacturing in 2017, resulting from the strong demand for these instruments among pharmaceutical and clinical research laboratories.
  • Representing 50.3% of the total market share, Asia Pacific was the largest market for analytical laboratory instruments manufacturing in 2017.
  • North America is expected to witness the fastest growth in the analytical laboratory instruments manufacturing market, with an estimated CAGR of 8.8%.

“The analytical laboratory instruments manufacturing market is expected to continue to register strong growth in the forecast period owing to increasing demand for elemental analysis and molecular analysis instruments from scientific and medical research organizations,” the report notes. “The demand for hematology and immunology instruments from diagnostic laboratories is also expected to contribute to the market growth.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Analytical Laboratory Instruments Manufacturing: Global Markets to 2022( IAS130A )
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