Laboratory Analytical Instruments and Consumables Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Rising Applications of Analytical Instruments to Boost Market Growth | Technavio

Technavio has been monitoring the laboratory analytical instruments and consumables market and it is poised to grow by USD 13.81 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What is the year-over-year growth of the laboratory analytical instruments and consumables market in 2020?
  As per Technavio, the year-over-year growth of the market is estimated to be 6.28% in 2020.
• Based on segmentation by application, which is the leading segment in the market?
  Element analysis.
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of over 6% during 2020-2024.
• Who are the top players in the market?
  Agilent Technologies Inc., AMETEK Inc., Bruker Corp., Danaher Corp., Hitachi High-Technologies Corp., HORIBA Ltd., PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp. are the top players in the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Agilent Technologies Inc., AMETEK Inc., Bruker Corp., Danaher Corp., Hitachi High-Technologies Corp., HORIBA Ltd., PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp. are some of the major market participants. The rising applications of analytical instruments will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rising applications of analytical instruments have been instrumental in driving the growth of the market. However, the lack of trained laboratory professionals might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Laboratory Analytical Instruments and Consumables Market 2020-2024: Segmentation

Laboratory Analytical Instruments and Consumables Market is segmented as below:

• Application
  • Element Analysis
  • Separation Analysis
  • Molecular Analysis
• Geographic Landscape
  • North America
  • Europe
  • Asia
  • ROW

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40460

Laboratory Analytical Instruments and Consumables Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The laboratory analytical instruments and consumables market report covers the following areas:

• Laboratory Analytical Instruments and Consumables Market Size
• Laboratory Analytical Instruments and Consumables Market Trends
• Laboratory Analytical Instruments and Consumables Market Industry Analysis

This study identifies the emergence of precision proteomics as one of the prime reasons driving the laboratory analytical instruments and consumables market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Laboratory Analytical Instruments and Consumables Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist laboratory analytical instruments and consumables market growth during the next five years
• Estimation of the laboratory analytical instruments and consumables market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the laboratory analytical instruments and consumables market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of laboratory analytical instruments and consumables market, vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Element analysis - Market size and forecast 2019-2024
• Separation analysis - Market size and forecast 2019-2024
• Molecular analysis - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• Asia - Market size and forecast 2019-2024
• ROW - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Agilent Technologies Inc.
• AMETEK Inc.
• Bruker Corp.
• Danaher Corp.
• Hitachi High-Technologies Corp.
• HORIBA Ltd.
• PerkinElmer Inc.
• Shimadzu Corp.
• Thermo Fisher Scientific Inc.
• Waters Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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