PUBLISHER: BCC Research | PRODUCT CODE: 1402419
PUBLISHER: BCC Research | PRODUCT CODE: 1402419
The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.
North American market for analytical laboratory instruments is estimated to increase from $24.3 billion in 2023 to reach $33.2 billion by 2028, at a compound annual growth rate (CAGR) of 6.4% from 2023 through 2028.
European market for analytical laboratory instruments is estimated to increase from $17.0 billion in 2023 to reach $22.1 billion by 2028, at a compound annual growth rate (CAGR) of 5.4% from 2023 through 2028.
The report's scope includes the instruments used for elemental, separation, and molecular analysis. The report further examines various end-user industries of laboratory analytical instruments, such as life science, chemical/ petrochemical and oil & gas, food testing, and others (environmental testing, materials, and forensic science). The market size and estimations are provided in value ($ millions), with 2022 as the base year and market forecasts from 2023 through 2028.
Further market study also examines growth perspective across regions, mainly North America, Europe, Asia-Pacific, and RoW. Major countries in each region have been further included to clarify the regional growth prospectus.
The report also features a separate section highlighting the sustainability perspective of the analytical laboratory instruments market at the global level. The section covers companies' performance on different ESG (Environment, Social, and Governance) parameters.