PUBLISHER: IMARC | PRODUCT CODE: 1661125
PUBLISHER: IMARC | PRODUCT CODE: 1661125
The global scientific instrument market size reached USD 46.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 68.78 Billion by 2033, exhibiting a growth rate (CAGR) of 4.48% during 2025-2033. The expanding scientific R&D sector and rising collaboration between the governments and manufacturers to provide the best instruments in government and university laboratories, and various other research institutions are some of the key factors driving the market growth.
Scientific instruments refer to laboratory equipment which are designed, constructed and refined for scientific purposes. These instruments include ammeter, barometer, chromometer, galvanometer, hydrometer, photometer, phonograph, etc. which are used for analysing, measuring and verifying the unproven properties and quantities of a material or an element. Scientific instruments form an important component of new product development and innovating and remodelling the existing products. In modern times, research institutes use these instruments to achieve optimum efficiency in their research processes as well.
The major demand driver of the global scientific instrument market is the growth of the research and development sector. Additionally, the rising collaboration between the governments and manufacturers to provide the best instruments in government and university laboratories, and various other research institutions is anticipated to contribute to the market growth across the globe. Further, the integration of scientific instruments with computers extends and enhances instrumental functions, offers parameter adjustments & conditions and streamlines data sampling, collection, resolution & analysis. This is expected to expand the demand for scientific instruments worldwide.
Based on the end-use sectors, the report has segregated the market as industrial, government institutes and academics. Currently, industrial users dominate the market, accounting for the largest share.
On the basis of type, the market has been segmented into scientific clinical analyzers and scientific analytical instruments. Amongst these, scientific clinical analyzers are the most popular type, holding the majority of the market share.
The report has segmented the global scientific instruments market on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The competitive landscape of the market has also been examined with some of the key players being Agilent Technologies Inc., Bruker Corporation, Danaher Corporation, Horiba Ltd., Thermo Fisher Scientific Inc., Waters Corporation, F. Hoffmann-La Roche AG, PerkinElmer Inc. and Merck KGaA.
This report provides a deep insight into the global scientific instrument market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the scientific instrument market in any manner.