Meticulous Research®—a leading global market research company, published a research report titled, Life Science Equipment Market Size, Share, Forecast, & Trends Analysis By Technology (Spectroscopy, Microscopy, Chromatography (HPLC, GC, TLC), PCR, Immunoassay, Sequencing, Flow Cytometry, Microarray, Centrifuge) End User – Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the life science equipment market is projected to reach $97.96 billion by 2031, at a CAGR of 6.3% during the forecast period. The growth of the life science equipment is attributed to increasing funding and investment for the pharma, biotech, and life sciences industries, government initiatives to strengthen R&D for biotech and life sciences, increasing prevalence of chronic diseases, and growing clinical capabilities globally.

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Life Science Equipment Market: Future Outlook
The life science equipment market is segmented by Technology [Spectroscopy, Microscopy, Chromatography, Lab Automation, Immunoassay Analyzers, PCR, Sequencing, Flow Cytometry, Incubators, Microarray, Centrifuges, Electrophoresis, and Other Equipment], End User [Pharmaceutical and Biotechnology Industry, Academic & Research Institutes, Hospitals and Diagnostic Laboratories, Analytical Testing Laboratories, Agriculture and Food Industry, Forensic Laboratories, and Other End Users) and Geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels. (Note: Apart from primary segmentation, Spectroscopy, Microscopy, Chromatography, Lab Automation, Immunoassay Analyzer, PCR, Sequencing, Flow Cytometry, Microarray, Centrifuges, and Electrophoresis have further level segmentation).

Among the technologies included in the report, in 2024, the spectroscopy segment is expected to account for the largest share of the life science equipment market. The segment's largest share is contributed by factors such as advancements in spectroscopic technologies and growing demand for analytical techniques coupled with increasing investment in research and development activities in life sciences. Spectroscopy is used for drug discovery, molecular analysis, protein characterization, metabolomics, and other important research areas in life sciences. The increasing application areas of spectroscopy is contributing to the segment's largest share.

Among the end users included in the report, in 2024, the pharmaceutical and biotechnology industry segment is expected to account for the largest share of the life science equipment market. The largest share of the segment is attributed to the increasing demand for technologically advanced equipment from pharmaceutical & biotechnology companies as the demand for new therapies and drugs is increasing. Furthermore, the pharmaceutical and biotechnology industries constantly strive to develop new drugs and therapies to address medical needs. Developing new drugs and therapies requires advanced laboratory equipment for drug discovery, development, and production processes, including high-throughput screening systems, chromatography systems, mass spectrometers, and other specialized equipment. Hence, these factors drive the demand for life sciences and laboratory equipment in the pharmaceutical and biotechnology industry.

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Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and the Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

In 2024, North America is expected to account for the largest share of the life science equipment market, followed by Europe and Asia-Pacific. Furthermore, in 2024, the U.S. is expected to be the largest market in North America. The presence of key players, the well-established life science industry, substantial spending on R&D activities by the pharmaceutical and biotech companies, and the presence of key players in the life sciences industry contribute to the large share of this market. For instance, in 2021, Pharmaceutical Research and Manufacturers of America (PhRMA) member companies spent USD 102.3 billion in R&D (Source: 2022 PhRMA member annual survey).

Key Players
The key players operating in the life science equipment market are Agilent Technologies, Inc. (U.S.), Becton, Dickinson, and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), F. Hoffmann LA-Roche AG (Switzerland), PerkinElmer, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Waters Corporation (U.S.), Bruker Corporation (U.S.), Shimadzu Corporation (Japan), Siemens Healthineers AG (Germany), Eppendorf SE (Germany), Sartorius AG (Germany), and QIAGEN N.V. (Netherlands).

Top 10 Companies: https://meticulousblog.org/top-10-companies-in-life-science-equipment-market/

Scope of the Report:
Life Science Equipment Market Assessment, by Technology
• Spectroscopy
o Molecular Spectroscopy
 UV/Vis Spectroscopy
 Nuclear Magnetic Resonance (NMR)
 Near-Infrared (NIR) Spectroscopy
 Infrared (IR) Spectroscopy
 Raman Spectroscopy
 Polarimeters and Refractometers
 Fluorescence & Luminescence Spectroscopy
 Other Molecular Spectroscopy Technologies
(Note: The other molecular spectroscopy technologies segment includes Raman spectroscopy, ellipsometry, and color measurement)
• Mass Spectrometry
o Quadrupole LC/MS
o Time of Flight LC/MS (Q-TOF & LC-TOF)
o Gas Chromatography-Mass Spectrometry (GC/MS)
o Fourier Transform Mass Spectrometry (FT/MS)
o Matrix-Assisted Laser Desorption/Ionization-Time of Flight Mass Spectroscopy (MALDI-TOF MS)
o Portable and In-Field Mass Spectroscopy
o Tandem Mass Spectroscopy (MS/MS)
o Ion Trap Mass Spectroscopy (LC/MS)
• Atomic Spectroscopy
o Atomic Absorbance Spectroscopy (AAS)
o X-Ray Fluorescence (XRF) Spectroscopy
o X-Ray Diffraction (XRD) Spectroscopy
o Other Atomic Spectroscopy Technologies
(Note: The other atomic spectroscopy technologies segment includes inductively coupled plasma (ICP) spectroscopy, glow discharge spectroscopy, and arc/spark optical emission spectroscopy)
• Spectroscopy Software
• Microscopy
o Electron Microscopy
o Optical Microscopy
o Scanning Probe Microscopy
o Other Microscopy
o Microscopy Software
• Chromatography
o High-Performance Liquid Chromatography (HPLC)
o Gas Chromatography (GC)
o Low Pressure Liquid Chromatography (LPLC)
o Flash Chromatography
o Thin Layer Chromatography (TLC)
o Ion Chromatography
o Supercritical Fluid Chromatography (SFC)
o Chromatography Software
• Lab Automation
o Automated Workstations
o Robotic Systems
o Automated Storage and Retrieval Systems (ASRS)
o Lab Automation Software
• Immunoassay Analyzers
o Chemiluminescence Immunoassay
o Fluorescence Immunoassay
o Radioimmunoassay (RIA)
o Colorimetric Immunoassay
o Other Immunoassay Analyzers
o Immunoassay Software
• PCR
o RT-PCR
o Conventional PCR
o Digital PCR
o PCR Software
• Sequencing
• Flow Cytometry
o Cell-Based Flow Cytometers
o Bead-Based Flow Cytometers
o Flow Cytometry Software
• Incubators
• Microarrays
o DNA Microarrays
o Protein Microarray
o Tissue Array
o Other Microarrays
o Microarray Software
(Note: The other microarrays segment includes glycan microarray, carbohydrate microarray, and chemical compounds microarrays)
• Centrifuges
o Centrifuges, by Type
 Devices
 Multipurpose Centrifuges
 Microcentrifuges
 Mini-centrifuges
 Ultracentrifuges
 Other Centrifuges
 Centrifuge Accessories
o Centrifuges, by Model
 Benchtop Centrifuges
 Floor-standing Centrifuges
o Centrifuges, by Application
 Research Applications
 Genomics
 Microbiology
 Cellomics
 Proteomics
 Clinical Applications
 Diagnostics
 Blood Processing and Screening
 Other Applications
• Electrophoresis
o Gel Electrophoresis
o Capillary Electrophoresis
o Gel Documentation Systems and Software
• Other Equipment
(Note: The other equipment segment includes autoclaves, stirrers & shakers, mixers, baths, hot plates, ovens & furnaces, and balances)

Life Science Equipment Market Assessment, by End User
• Pharmaceutical and Biotechnology Industry
• Academic & Research Institutes
• Hospitals and Diagnostic Laboratories
• Analytical Testing Laboratories
• Agriculture and Food Industry
• Forensic Laboratories
• Other End Users
(Note: Other end users include blood banks and industries, such as cosmetics, chemicals, oil & gas, electronics & semiconductors, automotive, aerospace, ceramics, plastics, rubber, and paints & coatings)

Life Science Equipment Market Assessment, by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Switzerland
o Rest of Europe (RoE)
• Asia-Pacific (APAC)
o China
o Japan
o India
o South Korea
o Rest of APAC (RoAPAC)
• Latin America
o Brazil
o Mexico
o Rest of LATAM (RoLATAM)
• Middle East & Africa
o Saudi Arabia
o UAE
o Rest of Middle East & Africa (RoMEA)

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