Home Systems biology Life Sciences Consumables Segment to Dominate the Market from 2021 to 2028

Life Sciences Consumables Segment to Dominate the Market from 2021 to 2028

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Dublin, November 29, 2021 (GLOBE NEWSWIRE) – The Biotechnology Instruments Market Size, Share and Trend Analysis Report by Product (Life Science Consumables, IVD Instruments, Medical Lasers, Laboratory Automation Instruments), by End Use, by region and segment forecast, 2021-2028 ” the report was added to ResearchAndMarkets.com offer.

The global biotechnology instruments market size is expected to reach USD 106.75 billion by 2028. The market is expected to grow at a CAGR of 12.66% from 2021 to 2028.

The market is collectively driven by technological advancements, the benefits offered by laser therapy, the increasing prevalence of target diseases, the increasing geriatric population, and the growing demand for point-of-care (POC) tests and devices. .

Growing demand for POC devices at home and in other healthcare settings to meet the needs of the elderly population and growing government initiatives to shorten hospital stays by establishing models of outpatient care are expected to drive demand. of POC diagnostics over the next six years. The growth of 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 of various applications.

For example, in January 2021, Sartorius Stedim Biotech acquired the chromatography processing equipment division of Novasep. Its chromatography product portfolio consists of intensified chromatography systems and resin-based batches for multi-purpose applications, such as oligonucleotides, small molecules, insulin and peptides.

In addition, companies are launching new products to facilitate rapid downstream processing. For example, in February 2021, Waters Corporation released a next-generation liquid chromatography system, Waters ACQUITY PREMIER Solution. It features the company’s revolutionary high performance MaxPeak surface technology. The benefits of the system include eliminating time-consuming steps and improving the quality of analytical data.

Highlights of the Biotechnology Instruments Market Report

  • By product, the life science consumables segment accounted for the largest share in 2020 and is expected to dominate the market from 2021 to 2028. The COVID-19 pandemic resulted in a significant contribution to the revenues of this segment in 2020

  • More than 300 real-time polymerase chain reactions (RT-PCR) are under development for detection of SARS-COV-2 infection, however, only 7-10 kits have been released for testing. ” samples pooled against COVID-19

  • The laboratory automation instruments segment is expected to experience growth in the coming years due to the increasing demand for automated sample preparation instruments for clinical genomics laboratories.

  • On the basis of end use, the hospital and healthcare facility segment is expected to dominate the market throughout the forecast period owing to increased demand for in vitro diagnostic (IVD) devices in focus. service in clinical laboratories and hospitals

  • The increasing demand for rapid drug development and the commercialization of new drug molecules for the treatment of different diseases is driving the need for sophisticated instruments in the end-use segment of pharmaceutical and biotechnology companies.

  • North America held the largest share of revenue in 2020 due to the higher penetration of genomics, proteomics and cell biology-based platforms in the region

Market Driver Analysis

  • Growing demand for point-of-service (POC) testing and devices

  • Growing prevalence of target diseases and growing geriatric population

  • Benefits of laser therapy

  • Technological advances

Analysis of market constraints

Analysis of market opportunities

Market Threat Analysis

Companies mentioned

  • Alcon, Inc.

  • AngioDynamics

  • Cynosure, LLC

  • Lumenis

  • Candela Medical

  • Novanta, Inc.

  • Iridex

  • Zimmer Biomet

  • Endress + Hauser

  • Tecan Trading SA

  • F. Hoffmann-La Roche Ltée.

  • Danaher Company

  • Perkin Elmer

  • Water company

  • Thermo Fisher Scientific, Inc.

  • BioTek Instruments, Inc.

  • QIAGEN

  • Merck KGaA

  • Thermo Fisher Scientific, Inc.

  • Illumina, Inc.

  • Becton, Dickinson and company (BD)

  • Agilent Technologies

  • Io-Rad Laboratories, Inc.

  • F. Hoffmann-La Roche SA

  • Agilent Technologies

  • Danaher Company

  • Abbott

  • bioMérieux SA

  • Bio-Rad Laboratories, Inc.

  • Becton, Dickinson and company

  • Siemens Healthineers SA

For more information on this report, visit https://www.researchandmarkets.com/r/6ue8a0

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