The Biotechnology Instruments market estimated at USD 45.54 Billion in the year 2022, is projected to reach a revised size of USD 69.37 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2023-2030.
The Biotechnology Instruments Market is any technological application that incorporates the usage of biological systems, living organisms, or derivatives thereof, to manufacture or upgrade products or processes for specific use. Furthermore, the field of biotechnology instruments has observed a tremendous rise since the start of the Human Genome Project in 1990. Although the biotechnology instrument industry existed before the start of the project, it was the Human Genome Project with its major access to key universities, national laboratories, and government funding sources that gave great acceleration to the field thus, stimulating the growth of the Biotechnology Instruments Market in the late 20th century.
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Players Covered in the Biotechnology Instruments market are:
Abbott, Agilent Technologies, Alcon Inc., Angio Dynamics, Becton, Dickinson and Company, BioMerieux SA, Bio-Rad Laboratories, BioTek Instruments Inc., Candela Medical, Cynosure LLC, Danaher Corporation, Endress+Hauser (Analytik Jena GmbH),F. Hoffmann-La Roche Ltd., IIlumina Inc., IRIDEX, Lumenis, Merck KGaA, Novanta Inc., Perkin Elmer Inc., QIAGEN, Siemens Healthineers, Tecan Group AG, Thermo Fisher Scientific Inc., Waters Corporation, Zimmer MedizinSysteme, and other Major Players.
The global Biotechnology Instruments Market is the market in-depth and offers a comprehensive analysis of the major growth determinants, Biotechnology Instruments Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Biotechnology Instruments Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Biotechnology Instruments Market major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Biotechnology Instruments Market Report:
The biotechnology instruments market can be segmented based on several factors to better understand its various components, applications, and target audiences. Common segmentation criteria for the biotechnology instruments market include:
By Product Type
· Life Science Consumables
· IVD Instruments
· Medical Lasers
· Lab Automation Instruments
By Technology
· Spectroscopy
· Polymerase Chain Reaction {PCR}
· Liquid Handling
· Next-Generation Sequencing
· Electrophoresis
· Chromatography
· Cell Counting
· Others
By End Users
· Pharma-Biotech
· Agri And Food Industry
· Hospitals
· Bioinformatics
· Diagnostic Labs
Intelligent Agencies Market Share Data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
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COVID-19 Impact on Biotechnology Instruments Market:
The outbreak of COVID-19 has severely affected the functioning of several industries. To prevent the transmission of COVID-19 disease several governments declared shutdown of the country. Moreover, the consequences of the shutdown resulted in disruptions of the supply chain, import and exports of commodities, and a sharp decline in the production of several goods. The COVID-19 pandemic has increased the demand for PCR tests as there are only tests available to detect the presence of the SARS-CoV-2 virus. Moreover, the demand for medicines to treat symptoms and vaccines to boost immunity, significantly increased in the pandemic era thus, to manufacture these essential commodities on a large scale, biotechnology instruments were incorporated. Furthermore, various methods were administered to decipher the genetic code and to develop medicines and vaccines effective against the virus. As a result of the pandemic, administrations have shifted their focus to infectious disease research and to discover novel therapies and diagnostics tests for new clinical groups depending on age and sex. Furthermore, pandemics made researchers realize immunology is central to all and applies to all diseases.
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