Categories: News

biotechnology instruments Market to Hit $206.7 Billion By 2030

The global biotechnology instruments market size is expected to be worth around US$ 206.7 billion by 2030, according to a new report by Vision Research Reports.

The global biotechnology instruments market size was valued at US$ 45.14 billion in 2020 and is anticipated to grow at a CAGR of 20.60% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size USD 206.7 billion by 2030
Growth Rate CAGR of 20.60% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Abbott; Agilent Technologies; Alcon, Inc.; AngioDynamics; Becton, Dickinson, and Company; BioMerieux SA; Bio-Rad Laboratories; BioTek Instruments, Inc.; Candela Medical; Cynosure, LLC; Danaher Corporation; Endress+Hauser (Analytik Jena GmbH); F. Hoffmann-La Roche Ltd.; IIlumina Inc.; IRIDEX; Lumenis; Merck KGaA; Novanta,  Inc.; Perkin Elmer, Inc.; QIAGEN

Growth Factors

  The growth in the biotechnology industry can also be attributed to several factors such as the launch of new and innovative products, agreements, acquisitions, technological advancements, and increasing adoption in various applications. Rising demand for POC devices in the home and other healthcare settings to cater to the elderly population and increasing government initiatives to shorten hospital stays by establishing outpatient care models are expected to drive the demand for POC diagnostics over the next six years.

Key Players

  • Abbott
  • Agilent Technologies
  • Alcon, Inc.
  • AngioDynamics
  • Becton, Dickinson, and Company
  • BioMerieux SA
  • Bio-Rad Laboratories
  • BioTek Instruments, Inc.
  • Candela Medical
  • Cynosure, LLC
  • Danaher Corporation
  • Endress+Hauser (Analytik Jena GmbH)
  • F. Hoffmann-La Roche Ltd.
  • IIlumina Inc.
  • IRIDEX
  • Lumenis
  • Merck KGaA
  • Novanta, Inc.
  • Perkin Elmer, Inc.
  • QIAGEN
  • Siemens  Healthineers
  • Tecan Group AG
  • Thermo Fisher Scientific, Inc.
  • Waters Corporation
  • Zimmer MedizinSysteme

Market Segmentation

  • Product
    • Lab Automation Instruments
      • Proteomics
      • Genomics
      • Sequencing
      • Spatial Cell Analysis
      • Others
    • Life Science Consumables
    • IVD Instruments
    • Medical Lasers
      • Therapeutics
      • Ophthalmic
      • Ablation
  • End-use
    • Government & Academic Institutes
    • Pharmaceutical & Biotechnology Companies
    • Hospitals & Healthcare Facilities
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Spain
      • Italy
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • MEA
      • South Africa
      • Saudi Arabia

The Biotechnology Instruments market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

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