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Biotechnology Instruments Market Size, Share & Trends Analysis Report By Product (Lab Automation Instruments, Life Science Consumables, IVD Instruments, Medical Lasers), By End-use (Government & Academic Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Healthcare Facilities, Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2028

Categories: Life Science

Formate :

The Global Biotechnology Instruments market size is estimated to reach $43,914 million by 2026, growing at a CAGR of 6.1% over the forecast period of 2021-2026.

 

Global Biotechnology Instruments Market Overview

Biotechnology is any technological application that incorporates the usage of biological systems, living organisms, or derivatives thereof, to manufacture or to upgrade products or processes for specific use. Moreover, the tremendous growth in technology has increased the complexity of instruments. These modern-day sophisticated biotechnology instruments are utilized for the production of vaccines, developing novel therapies and diagnostics tests, gene modifications, and are almost employed in every life science-related field thus, promoting the extension of biotechnology instruments throughout the forecast. The usage of biotechnology in the agriculture sector led to the rise of transgenic crops that have high yields and resistant qualities to pests and diseases. Moreover, Biotechnology instruments can also be employed to degrade toxic or harmful chemicals and agents to solve environmental problems thus, promoting the growth of the biotechnology instruments in the period of forecast.

 

The high adoption of point-of-care diagnostic devices is a key factor driving the market. Continuous advancements in R&D have enhanced the capabilities of point-of-care (POC) testing systems.

 

Impact of COVID-19:

The COVID-19 pandemic, had given an alternative growth to the biotechnology instruments market. More than 300 Real-time Polymerase Chain Reactions (RT-PCRs) were developed for the detection of SARS-COV-2 infection, however, only 7 to 10 kits have been commercialized for pooled sample testing against COVID-19. Anyhow, this has resulted in a significant revenue contribution to the revenue.

 

Key Takeaways from Global Biotechnology Instruments Market Report:

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for product, end-use and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years.
  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

 Biotechnology Instruments Market

By Product, the market for Life Science Consumables to grow at the highest CAGR during the forecast period

During the forecast period, the Life Science Consumables is predicted to develop at the fastest rate of XX%. The life science consumable is a vast field that includes research in food, forensic, cancer, and proteomics fields. Additionally, it also includes, nanobiotechnology, drug discovery, toxicology, veterinary, immunobiology, animal and plant tissue cultures. The rapid development in biotechnology instruments has boosted the growth of this segment. Moreover, various novel techniques have been discovered that can cure cancer and other life-threatening diseases which were previously declared to be fatal thus, supporting the growth of the life science consumables segment in the forecast period..

 

By End-users, Biotechnology Instruments market for Pharmaceutical & Biotechnology Companies to grow at the highest CAGR during the forecast period

The Pharmaceutical & Biotechnology Companies segment is estimated to be the fastest-growing during the projection period, with a CAGR of XX%. Pharmaceutical companies are widely known for producing pharmaceutical drugs. Moreover, pharma companies are involved not only in the pure pharmaceutical business, but also produce medical technology and vaccines, and consumer health products with the usage of biotechnology instruments. Furthermore, there are both authenticate biotechnology companies as well as pharmaceutical companies which among other commodities also manufacture biotech products within their biotechnological divisions. Biotech companies use biotechnology instruments to generate their products, which are mostly medical drugs and genetically engineered crops.

 

North America to account for the largest market share during the forecast period

North America held the largest share of the Biotechnology Instruments market in 2020, with a global market share of 35.2%. The presence of major companies and highly skilled professionals are the major factors driving the Biotechnology Instruments Market growth in this region. Moreover, countries such as the US, and Canada have made huge amounts of funding for the technological advancements in biotechnology instruments to improve the diagnostics process and to enhance the research-oriented work for the findings of novel techniques to treat cancer and other deadly diseases. Furthermore, many companies in this region have collaborated to solve socio-economic and environmental challenges thus, encouraging the growth of Biotechnology Instruments in the North American region.

 

The Asia Pacific is also set to be the fastest-growing over the period 2021-2026. The collaborations with the multinational companies and the investments made by them for the establishment of manufacturing utilities is the main driving factor in this region. Moreover, the growing inclination of countries such as China, India, Japan, and Australia towards the advantageous effects of the utilization of biotechnology instruments in industrial, agriculture, energy, and environmental processes is promoting the expansion of the biotechnology instruments market.

 

Market Dynamics

Driver:  The Rise in technological advancements and the increasing knowledge in the biotechnology sector.

The demand for biotechnology instruments has significantly grown in the recent years. Furthermore, breakthroughs in biotechnological techniques have generated new medicines for patients suffering from growth diseases, metabolic diseases, multiple sclerosis (MS), rheumatoid arthritis, cancer, and Alzheimer's disease thus driving the expansion of the Biotechnology Instruments Market during the forecast period.

 

In other sectors such as agriculture, livestock, veterinary, and aquaculture, biotechnology has enhanced animal feed, produced broad-spectrum vaccines for livestock, and improved diagnostic techniques for detecting diseases such as Bovine spongiform encephalopathy (BSE), foot and mouth disease, and salmonella with the help of advance biotechnology instruments. Furthermore, biotechnology instruments have also enabled the efficient usage of enzymes for food processing and improved the breeding of plants to obtain required characteristics thus, stimulating the growth of the Biotechnology Instruments Market in the forecast period.

 

Challenge: The growing concern about genetically modified crops and the adverse side effects on human health is hampering the usage of biotechnology instruments.

The minute chances of leakage of certain harmful viruses and bacteria from research institutions is still a matter of concern questioning the effectiveness of biotechnology instruments. The popularity of biotechnology instruments has created some counterfeit instruments that can create a hazard while handling some harmful microorganisms thus hindering the expansion of the biotechnology instruments market. Moreover, as biotechnology instruments are utilized for the production of vaccines, the same instruments can be employed for the production of harmful viruses that can have a huge negative impact on human health and can create a huge economic crisis. The usage of biotechnology instruments in the agricultural sector can spread crop diseases contaminating the natural gene pool of specific crop species thus, restricting the growth of the Biotechnology Instruments Market in the forecast period..

 

Key Market Players

Key Players in the Global Biotechnology Instruments Market consist Abbott, Becton Dickinson and Company, BioMerieux SA, Bio-Rad Laboratories, Agilent Technologies, AngioDynamics, Candela Medical, Cynosure LLC, Danaher Corporation, among others.

 

Recent Developments:

  • In August 2021, BD (Becton, Dickinson, and Company), a leading global medical technology company, declared the inauguration of a new, completely automated high-throughput diagnostic system utilizing sample management software algorithms and robotics to establish a new standard in automation for infectious disease molecular testing in the United States for core laboratories and other centralized laboratories..

 

Report Coverage and Scope

The report "Global Biotechnology Instruments Market", by Research Informatic covers an in-depth detailed analysis for the following segment which are covered under scope.

 

By Product

  • Lab Automation Instruments
    • Proteomics
    • Genomics
    • Sequencing
    • Spatial Cell Analysis
    • Others
  • Life Science Consumables
  • IVD Instruments
  • Medical Lasers
    • Therapeutics
    • Ophthalmic
    • Ablation

 

By End-use

  • Government & Academic Institutes
  • Pharmaceutical & Biotechnology Companies
  • Hospitals & Healthcare Facilities
  • Others

 

Geography

  • North America
  • Europe
  • APAC
  • RoW

Global Biotechnology Instruments Market Growth, Trend and Forecast 2021-2028

Chapter 1 Biotechnology Instruments Market Overview
1.1 Product Overview and Scope of Biotechnology Instruments
1.2 Biotechnology Instruments Market Segmentation by Type
1.2.1 Global Production Market Share of Biotechnology Instruments by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Biotechnology Instruments Market Segmentation by Application
1.3.1 Biotechnology Instruments Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Biotechnology Instruments Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Biotechnology Instruments (2014-2028)

Chapter 2 Global Economic Impact on Biotechnology Instruments Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Biotechnology Instruments Market Competition by Manufacturers
3.1 Global Biotechnology Instruments Production and Share by Manufacturers (2020 and 2020)
3.2 Global Biotechnology Instruments Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Biotechnology Instruments Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Biotechnology Instruments Manufacturing Base Distribution, Production Area and Product Type
3.5 Biotechnology Instruments Market Competitive Situation and Trends
3.5.1 Biotechnology Instruments Market Concentration Rate
3.5.2 Biotechnology Instruments Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Biotechnology Instruments Production, Revenue (Value) by Region (2014-2021)
4.1 Global Biotechnology Instruments Production by Region (2014-2021)
4.2 Global Biotechnology Instruments Production Market Share by Region (2014-2021)
4.3 Global Biotechnology Instruments Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Biotechnology Instruments Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Biotechnology Instruments Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Biotechnology Instruments Consumption by Regions (2014-2021)
5.2 North America Biotechnology Instruments Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Biotechnology Instruments Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Biotechnology Instruments Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Biotechnology Instruments Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Biotechnology Instruments Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Biotechnology Instruments Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Biotechnology Instruments Production, Revenue (Value), Price Trend by Type
6.1 Global Biotechnology Instruments Production and Market Share by Type (2014-2021)
6.2 Global Biotechnology Instruments Revenue and Market Share by Type (2014-2021)
6.3 Global Biotechnology Instruments Price by Type (2014-2021)
6.4 Global Biotechnology Instruments Production Growth by Type (2014-2021)

Chapter 7 Global Biotechnology Instruments Market Analysis by Application
7.1 Global Biotechnology Instruments Consumption and Market Share by Application (2014-2021)
7.2 Global Biotechnology Instruments Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Biotechnology Instruments Manufacturing Cost Analysis
8.1 Biotechnology Instruments Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Biotechnology Instruments

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Biotechnology Instruments Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Biotechnology Instruments Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Biotechnology Instruments Market Forecast (2021-2028)
12.1 Global Biotechnology Instruments Production, Revenue Forecast (2021-2028)
12.2 Global Biotechnology Instruments Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Biotechnology Instruments Production Forecast by Type (2021-2028)
12.4 Global Biotechnology Instruments Consumption Forecast by Application (2021-2028)
12.5 Biotechnology Instruments Price Forecast (2021-2028)

Chapter 13 Appendix

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FAQ

What is the size of the biotechnology instruments market?

The Global Biotechnology Instruments market size is estimated to reach $43,914 million by 2026, growing at a CAGR of 6.1% over the forecast period of 2021-2026.

What are the top companies in the Biotechnology Instruments Market?

Abbott, Becton Dickinson and Company, BioMerieux SA, Bio-Rad Laboratories, Agilent Technologies, AngioDynamics, Candela Medical, Cynosure LLC, Danaher Corporation, among others.

What are the main drivers of the Biotechnology Instruments Market?

The Rise in technological advancements and the increasing knowledge in the biotechnology sector. Furthermore, breakthroughs in biotechnological techniques have generated new medicines for patients suffering from growth diseases, metabolic diseases, multiple sclerosis (MS), rheumatoid arthritis, cancer, and Alzheimer's disease thus driving the expansion of the Biotechnology Instruments Market during the forecast period.

Which region has largest share in Global Biotechnology Instruments Market?

North America held the largest share of the Biotechnology Instruments market in 2020, with a global market share of 35.2%. The presence of major companies and highly skilled professionals are the major factors driving the Biotechnology Instruments Market growth in this region.

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Biotechnology Instruments Market Size, Share & Tre...

RD Code : HP22