Global Life Sciences Instrumentation and Research Tools Market, Forecast to 2023

Global Life Sciences Instrumentation and Research Tools Market, Forecast to 2023

Digitalization and M&As to Transform the Current Competitive Structure of the Industry

RELEASE DATE
22-Oct-2018
REGION
North America
Research Code: K29D-01-00-00-00
SKU: HC03096-NA-MR_22463
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Description

The global life sciences instrumentation and research tools market is currently going through a transformation driven by ongoing market consolidation and technological innovation. Over the past five years, the industry has witnessed more than 50 mergers and acquisitions (M&A), which have resulted in a market consolidation at the top. Most of these M&A have been focused on expanding product portfolio and strengthening geographic presence, as large companies are increasingly looking to extend their dominance in this high-growth market. Our research predicts the market to reach a size of more than $80 billion by 2023, consistently growing at an annual rate of 5.0%. While government and academic funding in developed markets have slowed down, spending prospects from the private sector (especially the biopharmaceutical industry) look promising. On the other end, in the developing countries, increased research expenditure from governments is expected to drive market growth.

In terms of segments, genomics surpassed proteomics in 2016 to become the leading business segment, on the back of technological revolution in the next-generation sequencing (NGS) and digital PCR segment. Democratization of NGS platforms and solutions will support strong growth of the genomics segment during the forecast period (2018-2023). Growing automation and analytics application is likely to bring in the much-needed efficiency in lab operations, and so we expect a decline in the average spending on reagents and consumables in the long term.


Research Highlights

The objective of this research study is to consider and analyze key market developments and present an objective market picture to the readers. This research publication covers key trends and opportunities in the global life sciences instrumentation and research tools market. It provides qualitative market insights on various market segments (including genomics, proteomics, cell-based analysis, lab equipment and supplies). This report identifies existing gaps in product and service offerings of key players across segments, and the disruptive technologies. Emerging shift in business models such as digitalization and eCommerce are also covered comprehensively. Further, this study analyzes the impact of consolidation in the pharmaceutical industry on the vendors in this market. Additionally, it delves into market growth and forecasts for key geographies (NA, Europe, and APAC) and instrument products (NGS, PCR, mass spectrometry, flow cytometer, and microarrays).

Key Issues Addressed

  • What is the market size and growth forecast for different business segments and sub-segments?
  • What is the future of the connected lab concept? What developments are expected in this space?
  • Who are the key competitors in this market? How does the competitive landscape look like?
  • What are the key growth opportunities for existing companies and new entrants in this market?
  • What changes are required from companies in their business model to sustain this transformation?
  • How instrumentation companies can use big data analytics and informatics to predict these shifts in preferences and take business decisions accordingly?

RESEARCH: INFOGRAPHIC

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Table of Contents

Methodology

Key Findings

Scope and Segmentation

Market Engineering Measurements

CEO’s Perspective

3 Big Predictions

Strategic Imperatives for Growth

Market Definition

Market Overview and Landscape

Global Life Sciences Instrumentation and Research Tools Market—Key Trends and Impact on Business

Market Engineering Measurements

Revenue Forecast

Market Share Analysis

Competitive Environment

Competitive Factors Assessment

Competitive Landscape and Benchmarking

Key Companies to Watch

Life Sciences Instruments and Research Tools Ecosystem

M&A Analysis

Preferred Instrument Vendors by Segments

Preferred Equipment Vendors by Segments

Preferred Reagents and Kits Vendors by Segments

Preferred General Lab Suppliers Vendors by Customer Segment

Growth Opportunity 1—Informatics and Analytics

Growth Opportunity 2—Connected and Smart Labs

Connected Lab Ecosystem

Connected Lab Solutions (Internet of Lab Things (IoLT))—Implementation Journey

Growth Opportunity 3—CRISPR Solutions

Key Market Opportunities

Growth Opportunity 4—Single Cell Biology and Microbiome Analysis Solutions

Growth Opportunity 5—Portable Instruments

Key Market Opportunities

Growth Opportunity 6—Growth in Emerging Markets (India and China)

Market Engineering Measurements

Revenue Forecast

Total Life Sciences Instrumentation and Research Tools Market—Percent Revenue Forecast by Region

North America—Market Engineering Measurements

North America—Revenue Forecast

Europe—Market Engineering Measurements

Europe—Revenue Forecast

APAC—Market Engineering Measurements

APAC—Revenue Forecast

NGS Instruments and Reagents Segment—Market Engineering Measurements

NGS Instruments and Reagents Segment—Revenue Forecast

PCR and Digital PCR Instruments and Reagents Segment—Market Engineering Measurements

PCR and Digital PCR Instruments and Reagents Segment—Revenue Forecast

Mass Spectrometry Instruments and Reagents Segment—Market Engineering Measurements

Mass Spectrometry Instruments and Reagents Segment—Revenue Forecast

Flow Cytometer Instruments and Reagents Segment—Market Engineering Measurements

Flow Cytometer Instruments and Reagents Segment

Microarray Instruments and Reagents Segment—Market Engineering Measurements

Microarray Instruments and Reagents Segment—Revenue Forecast

Change in Workflow Management—Current Challenges

Digital Workflow Management—Smart Labs

Digital Workflow Management—Competitive Ecosystem

Digital Workflow Management—Questions to be Answered?

Evolution of Business Models—Product as a Solution

Drivers for eCommerce Model Adoption

Future of Digital Customer Lifecycle

eCommerce—Life Sciences Research Customer Lifecycle

eCommerce Channels—Role of Product and Content Aggregator Websites

Drivers for eCommerce Model Adoption

Different eCommerce Models

Consolidation in Pharmaceutical Industry and Its Impact on the Life Sciences Instrumentation Industry

The Last Words

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Figures
  • 1. Total Life Sciences Instrumentation and Research Tools Market: Key Market Drivers, Global, 2018–2023
  • 2. Total Life Sciences Instrumentation and Research Tools Market: Key Market Restraints, Global, 2018–2023
  • 3. Total Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Global, 2017
  • 4. Total Life Sciences Instrumentation and Research Tools Market: Competitive Environment, Global, 2017
  • 5. Total Life Sciences Instrumentation and Research Tools Market: Capability Benchmarking of Key Companies, Global, 2017
  • 6. Genomics Analysis Segment: Market Engineering Measurements, Global, 2017
  • 7. Proteomics Analysis Segment: Market Engineering Measurements, Global, 2017
  • 8. Cell-Based Analysis Segment: Market Engineering Measurements, Global, 2017
  • 9. General Lab Equipment Segment: Market Engineering Measurements, Global, 2017
  • 10. Lab Supplies, Disposables and Other Products Segment: Market Engineering Measurements, Global, 2017
  • 11. Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, North America, 2017
  • 12. Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Europe, 2017
  • 13. Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, APAC, 2017
  • 14. NGS Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
  • 15. PCR and Digital PCR Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
  • 16. Mass Spectrometry Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
  • 17. Flow Cytometer Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
  • 18. Microarray Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017
List of Charts
  • 1. Total Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Global, 2017
  • 2. Life Sciences Instrumentation and Research Tools Market: Impact of Key Trends, Global, 2016–2023
  • 3. Total Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, Global, 2016–2023
  • 4. Total Life Sciences Instrumentation and Research Tools Market: Market Share of Key Companies, Global, 2017
  • 5. Total Life Sciences Instrumentation and Research Tools Market: Key Competitive Factors, Global, 2017
  • 6. Top Companies for Instrument by Segment, Global, 2017
  • 7. Top Companies for Equipment by Segment, Global, 2017
  • 8. Top Companies for Reagents and Kits by Segment, Global, 2017
  • 9. Top Companies for General Lab Supplies by Segment, Global, 2017
  • 10. Analytical Instrumentation Market: Market Share, Global, 2016 and 2020
  • 11. Genomics Analysis Segment: Revenue Forecast, Global, 2016–2023
  • 12. Proteomics Analysis Segment: Revenue Forecast, Global, 2016–2023
  • 13. Cell-Based Analysis Segment: Revenue Forecast, Global, 2016–2023
  • 14. General Lab Equipment Segment: Revenue Forecast, Global, 2016–2023
  • 15. Lab Supplies, Disposables and Other Products Segment: Revenue Forecast, Global, 2016–2023
  • 16. Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Region, Global, 2017 and 2023
  • 17. Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, North America, 2016–2023
  • 18. Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, Europe, 2016–2023
  • 19. Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, APAC, 2016–2023
  • 20. NGS Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
  • 21. PCR and Digital PCR Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
  • 22. Mass Spectrometry Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
  • 23. Flow Cytometer Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
  • 24. Microarray Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023
  • 25. Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Client Segments, Global, 2017 and 2023
  • 26. Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Products, Global, 2017 and 2023
  • 27. Preferred Purchase Channel for Lab Equipment and Supplies, Global, 2017
  • 28. Value of M&A in Pharma Industry, Global, 2013–2017
Related Research
The global life sciences instrumentation and research tools market is currently going through a transformation driven by ongoing market consolidation and technological innovation. Over the past five years, the industry has witnessed more than 50 mergers and acquisitions (M&A), which have resulted in a market consolidation at the top. Most of these M&A have been focused on expanding product portfolio and strengthening geographic presence, as large companies are increasingly looking to extend their dominance in this high-growth market. Our research predicts the market to reach a size of more than $80 billion by 2023, consistently growing at an annual rate of 5.0%. While government and academic funding in developed markets have slowed down, spending prospects from the private sector (especially the biopharmaceutical industry) look promising. On the other end, in the developing countries, increased research expenditure from governments is expected to drive market growth. In terms of segments, genomics surpassed proteomics in 2016 to become the leading business segment, on the back of technological revolution in the next-generation sequencing (NGS) and digital PCR segment. Democratization of NGS platforms and solutions will support strong growth of the genomics segment during the forecast period (2018-2023). Growing automation and analytics application is likely to bring in the much-needed efficiency in lab operations, and so we expect a decline in the average spending on reagents and consumables in the long term.--BEGIN PROMO--

Research Highlights

The objective of this research study is to consider and analyze key market developments and present an objective market picture to the readers. This research publication covers key trends and opportunities in the global life sciences instrumentation and research tools market. It provides qualitative market insights on various market segments (including genomics, proteomics, cell-based analysis, lab

More Information
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Table of Contents || Methodology~ | Executive Summary~ || Key Findings~ || Scope and Segmentation~ || Market Engineering Measurements~ || CEO’s Perspective~ || 3 Big Predictions~ || Strategic Imperatives for Growth~ | Market Definition and Overview~ || Market Definition~ || Market Overview and Landscape~ | Drivers and Restraints—Total Life Sciences Instrumentation and Research Tools Market~ || Market Drivers~ || Market Restraints~ | Key Market Trends and Their Business Impact~ || Global Life Sciences Instrumentation and Research Tools Market—Key Trends and Impact on Business~ | Market Forecast and Trends~ || Market Engineering Measurements~ || Revenue Forecast~ | Competitive Environment~ || Market Share Analysis~ || Competitive Environment~ || Competitive Factors Assessment~ || Competitive Landscape and Benchmarking~ || Key Companies to Watch~ || Life Sciences Instruments and Research Tools Ecosystem~ || M&A Analysis~ || Preferred Instrument Vendors by Segments~ || Preferred Equipment Vendors by Segments~ || Preferred Reagents and Kits Vendors by Segments~ || Preferred General Lab Suppliers Vendors by Customer Segment~ | Growth Opportunities, Strategies and Implementation Recommendation~ || Growth Opportunity 1—Informatics and Analytics~ || Growth Opportunity 2—Connected and Smart Labs~ || Connected Lab Ecosystem~ || Connected Lab Solutions (Internet of Lab Things (IoLT))—Implementation Journey~ || Growth Opportunity 3—CRISPR Solutions~ || Key Market Opportunities~ || Growth Opportunity 4—Single Cell Biology and Microbiome Analysis Solutions~ || Growth Opportunity 5—Portable Instruments~ || Key Market Opportunities~ || Growth Opportunity 6—Growth in Emerging Markets (India and China)~ | Market Forecast by Key Business Segments—Genomics Analysis Segment~ || Market Engineering Measurements~ || Revenue Forecast~ | Market Forecast by Key Business Segments—Proteomics Analysis Segment~ | Market Forecast by Key Business Segments—Cell-Based Analysis~ | Market Forecast by Key Business Segments—General Lab Equipment Segment~ | Market Forecast by Key Business Segments—Lab Supplies, Disposables and Other Products Segment~ | Market Forecast by Key Geographies~ || Total Life Sciences Instrumentation and Research Tools Market—Percent Revenue Forecast by Region~ || North America—Market Engineering Measurements~ || North America—Revenue Forecast~ || Europe—Market Engineering Measurements~ || Europe—Revenue Forecast~ || APAC—Market Engineering Measurements~ || APAC—Revenue Forecast~ | Market Forecast by Key Instruments Segments~ || NGS Instruments and Reagents Segment—Market Engineering Measurements~ || NGS Instruments and Reagents Segment—Revenue Forecast~ || PCR and Digital PCR Instruments and Reagents Segment—Market Engineering Measurements~ || PCR and Digital PCR Instruments and Reagents Segment—Revenue Forecast~ || Mass Spectrometry Instruments and Reagents Segment—Market Engineering Measurements~ || Mass Spectrometry Instruments and Reagents Segment—Revenue Forecast~ || Flow Cytometer Instruments and Reagents Segment—Market Engineering Measurements~ || Flow Cytometer Instruments and Reagents Segment~ || Microarray Instruments and Reagents Segment—Market Engineering Measurements~ || Microarray Instruments and Reagents Segment—Revenue Forecast~ | Life Sciences Instrumentation and Research Tools Market—Breakdown by Client Segments~ || Percent Revenue Forecast by Client Segments~ | Life Sciences Instrumentation and Research Tools Market—Breakdown by Products~ || Percent Revenue Forecast by Products~ | New Business Models and Adoption of Digital Platforms~ || Change in Workflow Management—Current Challenges~ || Digital Workflow Management—Smart Labs~ || Digital Workflow Management—Competitive Ecosystem~ || Digital Workflow Management—Questions to be Answered?~ || Evolution of Business Models—Product as a Solution~ || Drivers for eCommerce Model Adoption~ || Future of Digital Customer Lifecycle~ || eCommerce—Life Sciences Research Customer Lifecycle~ || eCommerce Channels—Role of Product and Content Aggregator Websites~ || Drivers for eCommerce Model Adoption~ || Different eCommerce Models~ || Consolidation in Pharmaceutical Industry and Its Impact on the Life Sciences Instrumentation Industry~ | The Last Words~ || The Last Words~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Exhibits~
List of Charts and Figures 1. Total Life Sciences Instrumentation and Research Tools Market: Key Market Drivers, Global, 2018–2023~ 2. Total Life Sciences Instrumentation and Research Tools Market: Key Market Restraints, Global, 2018–2023~ 3. Total Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Global, 2017 ~ 4. Total Life Sciences Instrumentation and Research Tools Market: Competitive Environment, Global, 2017~ 5. Total Life Sciences Instrumentation and Research Tools Market: Capability Benchmarking of Key Companies, Global, 2017~ 6. Genomics Analysis Segment: Market Engineering Measurements, Global, 2017~ 7. Proteomics Analysis Segment: Market Engineering Measurements, Global, 2017~ 8. Cell-Based Analysis Segment: Market Engineering Measurements, Global, 2017~ 9. General Lab Equipment Segment: Market Engineering Measurements, Global, 2017~ 10. Lab Supplies, Disposables and Other Products Segment: Market Engineering Measurements, Global, 2017~ 11. Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, North America, 2017~ 12. Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Europe, 2017~ 13. Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, APAC, 2017~ 14. NGS Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017~ 15. PCR and Digital PCR Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017~ 16. Mass Spectrometry Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017~ 17. Flow Cytometer Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017~ 18. Microarray Instruments and Reagents Segment: Market Engineering Measurements, Global, 2017~| 1. Total Life Sciences Instrumentation and Research Tools Market: Market Engineering Measurements, Global, 2017~ 2. Life Sciences Instrumentation and Research Tools Market: Impact of Key Trends, Global, 2016–2023~ 3. Total Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, Global, 2016–2023~ 4. Total Life Sciences Instrumentation and Research Tools Market: Market Share of Key Companies, Global, 2017~ 5. Total Life Sciences Instrumentation and Research Tools Market: Key Competitive Factors, Global, 2017~ 6. Top Companies for Instrument by Segment, Global, 2017~ 7. Top Companies for Equipment by Segment, Global, 2017~ 8. Top Companies for Reagents and Kits by Segment, Global, 2017~ 9. Top Companies for General Lab Supplies by Segment, Global, 2017~ 10. Analytical Instrumentation Market: Market Share, Global, 2016 and 2020~ 11. Genomics Analysis Segment: Revenue Forecast, Global, 2016–2023~ 12. Proteomics Analysis Segment: Revenue Forecast, Global, 2016–2023~ 13. Cell-Based Analysis Segment: Revenue Forecast, Global, 2016–2023~ 14. General Lab Equipment Segment: Revenue Forecast, Global, 2016–2023~ 15. Lab Supplies, Disposables and Other Products Segment: Revenue Forecast, Global, 2016–2023~ 16. Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Region, Global, 2017 and 2023~ 17. Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, North America, 2016–2023~ 18. Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, Europe, 2016–2023~ 19. Life Sciences Instrumentation and Research Tools Market: Revenue Forecast, APAC, 2016–2023~ 20. NGS Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023~ 21. PCR and Digital PCR Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023~ 22. Mass Spectrometry Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023~ 23. Flow Cytometer Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023~ 24. Microarray Instruments and Reagents Segment: Revenue Forecast, Global, 2016–2023~ 25. Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Client Segments, Global, 2017 and 2023~ 26. Total Life Sciences Instrumentation and Research Tools Market: Percent Revenue Forecast by Products, Global, 2017 and 2023~ 27. Preferred Purchase Channel for Lab Equipment and Supplies, Global, 2017~ 28. Value of M&A in Pharma Industry, Global, 2013–2017~
Author Piyush Bansal
Industries Healthcare
WIP Number K29D-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9562-B1,9571-B1,9573-B1,99C1-B1,99C6-B1,9568-B1,9611-B1,9627-B1