USD 130 billion
Life Science Tool Market Size, Share, Growth Analysis, By Product (Cell Culture Systems & 3D Cell Culture, Liquid Chromatography), By Technology (Genomic Technology, Proteomics Technology), By End-use (Government & Academic, Biopharmaceutical Company), By Region - Industry Forecast 2024-2031
Report ID:
SQSG35J2006 |
Region:
Global |
Published Date: November, 2024
Pages:
248
|Tables:
122
|Figures:
77
Life Science Tool Market Insights
Global Life Science Tool Market size was valued at USD 144.09 billion in 2022 and is poised to grow from USD 159.67 billion in 2023 to USD 362.95 billion by 2031, growing at a CAGR of 10.81% during the forecast period (2024-2031).
The study of life and living things, including people and other animals, is done by the life sciences, usually referred to as biological sciences. One of Natural Science's two main subfields is Life Sciences; the other is Physical Science, which deals with non-living things. Under this general term, cell biology, biotechnology, genetics, molecular biology, biotechnology, biomedicine, and biochemistry are all included.
The life sciences tools market includes a variety of analytical tools, equipment, supplies, consumables, reagents, and other services for anything from transferring patients to taking x-rays and preparing samples. By being applied to health, medicine, agriculture, the pharmaceutical, and food science industries, discoveries in the life sciences contribute to raising the standard of living. By enabling the creation of novel treatments and cutting-edge medical technology, the study of life sciences significantly enhances human health. It also sheds light on the disease processes. A greater understanding of the environment and the other living things that share our globe is also made possible by the study of life sciences. This understanding helps to preserve our shared home and lead conservation efforts.
US Life Science Tool Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Separation Technologies
Fastest Growth
Separation Technologies
Growth Rate
10.8% CAGR
Global Life Science Tool Market 2024-2031 ($ Mn)
Country Share for North America Region- 2024 (%)
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Life Science Tool Market Segmental Analysis
Global Life Science Tool Market is segmented by Product, Technology, End-use, and Region. Based on Product, the market is segmented into Cell Culture Systems & 3D Cell Culture, Liquid Chromatography, Mass Spectrometry, Flow Cytometry, Cloning & Genome Engineering (Kits, Reagents, and Consumables, Services), Microscopy & Electron Microscopy, Next Generation Sequencing, PCR & qPCR, Nucleic Acid Preparation, Nucleic Acid Microarray, Sanger Sequencing , Transfection Devices & Gene Delivery Technologies (Equipment, Reagents), NMR, Other Separation Technologies, Other Products & Services (Antibodies, General Supplies, Others). Based on Technology, the market is segmented into Genomic Technology, Proteomics Technology. Cell Biology Technology, Lab Supplies & Technologies, Other Analytical & Sample Preparation Technology. Based on End-use, the market is segmented into Government & Academic, Biopharmaceutical Company, Healthcare, Industrial Applications, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Life Science Tool Market Analysis by Product Type
The market segment with the largest market share is expected to continue to be dominated by separation technologies throughout the coming years. Examples of separation technologies include chromatography, automated purifying systems, immunoprecipitation, and other methods that help with analyte elution. The total productivity and effectiveness of the production process are improved by industries using separation technologies more frequently.
Global Life Science Tool Market By Product Type, 2024 (%)
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Life Science Tool Market Regional Insights
In North America due to factors like a well-coordinated framework for managing and approving genomic experiments, a reliable informatics system, and the regional presence of the most significant companies like Thermo Fisher Scientific, dominated the global Life Science Tools market in 2021 with a 46.1 % share. Additionally, it is expected that the market in North America will continue to grow throughout the projection period due to an increase in the number of genomic actions for scientific and educational purposes in the US. Due to the expanding penetration of leading corporations in developing Asian nations and funding for the development of sophisticated analytical methodologies, the market in the Asia Pacific is poised to have the largest growth throughout the forecast period. Asia Pacific is a lucrative location for subcontracting pharmaceutical R&D projects since the province provides skilled specialists for significantly less money than the developed nations of Europe and North America. Global CROs have expanded their presence in the Asia Pacific region as a result of the favorable opening of several Asian countries.
Global Life Science Tool Market By Geography, 2024-2031
- Largest
- Fastest
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Life Science Tool Market Dynamics
Life Science Tool Market Driver
- The market is growing significantly as a result of the quick technical developments taken by the businesses in the life science instruments market in the areas of sequencing technologies, mass spectrometry, NMR, chromatography methods, and other items. Along with increased innovations and the number of strategic agreements, market players are investing a lot of money in research and development for products and services connected to life sciences, which is expected to greatly accelerate market growth.
- Numerous acquisitions in the life sciences and biopharma industries occurred in 2020, which laid the stage for robust industry expansion in 2021 and the years to come. At first, only a small number of industrial players had the infrastructure to manage the complete value chain of biological production. Recent years have seen a significant change in this; currently, several businesses are active in the market and engaged in the creation of biologics. The aforementioned element greatly fuels market expansion.
Life Science Tool Market Restraint
- The market for life science software is being held back by issues such as the high cost of life science software implementation, complicated programming, need for additional infrastructure, and data management costs.
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Life Science Tool Market Competitive Landscape
Significant advancements in the market for Life Science Tools as well as both organic and inorganic growth tactics. Many businesses emphasize organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were two examples of inorganic growth tactics in the market. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing demand for Life Science Tools in the global industry, market participants are expected to benefit from lucrative growth prospects in the future.
Life Science Tool Market Top Player's Company Profiles
- Agilent Technologies, Inc.
- Becton, Dickinson and Company
- F. Hoffmann-La Roche Ltd.
- Bio-Rad Laboratories, Inc.
- Danaher Corporation
- Illumina, Inc.
- Qiagen N.V.
- Merck KGaA
- Shimadzu Corporation
- Hitachi, Ltd.
- Bruker Corporation
- Oxford Instruments plc
- Zeiss International
- Revvity Inc
- Eppendorf AG
- Sartorius AG
Life Science Tool Market Recent Development
- In May 2022, The FDA in the United States is committed to fully understanding the potential of RWD and RWE in regulatory decision-making. The agency is working with sponsors on the issue and developing mobile and web applications to collect RWD.
- In August 2021, Agilent Technologies announced that Researchers Develop COVID19 Severity Screening Method Based on the Agilent Cary 630 FTIR Spectrometer.
- In March 2021, BioTools Innovator, by propelling the growth of best-in-class startups is intended to advance Life Science Tools innovation and improve human health.
Life Science Tool Key Market Trends
- The comparatively simple approval procedures for a variety of Life Science Tools, as opposed to medicines and medical devices, will also help the market in the upcoming years. As a result, the abundance of life sciences tools on the market will provide the much-needed remedy for the widespread prevalence of infectious diseases. In the upcoming years, the global market is anticipated to be driven by these instruments' crucial support in identifying, understanding, and tracking the progression of a disease. The ongoing technological developments and improvements in the production of instruments for the life sciences are also anticipated to foster the expansion of the global market.
Life Science Tool Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by product type, the separation technologies dominated the global Life Science Tool market in 2021 and are anticipated to maintain their dominance throughout the forecast period. In 2021, North America dominated the globe. The Life Science Tool market owing to the region & high population, as well as a significantly higher number of researches conducted.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 144.09 billion |
| Market size value in 2031 | USD 362.95 billion |
| Growth Rate | 10.81% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Life Science Tool Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Life Science Tool Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Life Science Tool Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Life Science Tool Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Life Science Tool Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Life Science Tool Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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