Global Analytical Laboratory Instruments Market Report 2022

New York, March 25, 2022 (GLOBE NEWSWIRE) — announces the release of the “Analytical Laboratory Instrument Global Market Report 2022” –
Citotest Labware Manufacturing Co. Ltd., Kimble Chase, Scilabware Ltd. and Bio-Rad Laboratories.

The global analytical laboratory instruments market is expected to grow from $92.22 billion in 2021 to $108.11 billion in 2022 at a compound annual growth rate (CAGR) of 17.2%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $184.49 billion in 2026 with a CAGR of 14.3%.

The laboratory analysis instruments market consists of the sale of laboratory analysis instruments and related services. These instruments are used in the laboratory analysis of the chemical or physical composition or concentration of solid, liquid, gaseous or composite materials.

Analytical instruments are a large class of instruments used in chemical, pharmaceutical, life science, food processing, and petroleum refinery laboratories to test samples.

The main types of analytical laboratory instruments are elemental analysis, separation analysis, and molecular analysis. Elemental analysis is the process of determining the elemental and sometimes isotopic composition of a sample of a material such as soil, trash, minerals, and chemical compounds.

The instruments are used for research, clinical, diagnostic and other applications by hospitals, diagnostic laboratories, pharmaceutical and biotechnology end users.

Asia-Pacific was the largest region in the analytical laboratory instruments market in 2021. North America was the second largest region in the analytical laboratory instruments market.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rapid growth of life science industries has contributed to the growth of the analytical laboratory instruments market. A growing population of patients with lifestyle issues such as diabetes and heart problems, and other life-threatening diseases such as cancer and growing investment in research and development and increased elderly population have contributed to the growth of the life sciences industry.

According to the International Diabetes Federation, the population with diabetes is expected to increase from 463 million in 2019 to 700 million in 2045. In addition, according to the 2019 revision of the world population outlook by the United Nations, the population over 65 years of age will increase to 16% in 2050 compared to 11% in 2019 and the population aged 80 and over is expected to increase from 143 million in 2019 to 426 million in 2050.

This rapid population growth based on the life science market will increase the need to conduct laboratory research that requires analytical laboratory instruments, thereby increasing the demand for laboratory instruments. Hence, growth in the life science industry is expected to drive the laboratory analysis instruments market.

The cost of life science instruments is expected to increase, limiting new purchases of analytical laboratory instruments. The development of advanced features and functionality, technological advancements, innovative systems have added to their price.

A high performance liquid chromatography (HPLC) runs from $12,000 to $50,000. The estimated average cost per batch for a 90 L column, media and labor is approximately US$3,700 considering the depreciated value of the equipment.

Drug development companies need a large number of laboratory instruments, and the investment cost increases dramatically due to high prices. Therefore, the rising cost of instruments is negatively impacting the growth of laboratory analysis instruments.

Companies in the analytical laboratory instruments market manufacture equipment capable of recording data and providing it to the cloud. Using cloud technology will help scientists share results faster.

For example, TetraScience, a technology company that provides a data integration platform, has developed technology to integrate lab equipment that continuously collects data and delivers it to the cloud. This will help monitor the equipment in real time and provide accurate results making the search complete. faster.

Incorporating such technology into equipment will help to complete research earlier, reduce manual labor and make research cost effective.

In July 2019, Agilent technologies, an analytical laboratory instrument manufacturing company, acquired BioTek instruments for $1.2 billion. This acquisition will help Agilent Technologies expand its portfolio of cell analysis workflows and enable the company to provide customers with reliable information on a range of cell analysis applications. BioTek instruments is a manufacturer of scientific instruments used in the life science and quality assurance industries.

The countries covered in the Analytical Laboratory Instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, Korea of the South, the United Kingdom and the United States.

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