Report ID: UCMIG35H2050
Report ID:
UCMIG35H2050 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for analytical instrumentation was worth USD 53.42 billion in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 3.53% by 2030. Analytical instrumentation refers to laboratory equipment that is utilized to identify, separate, and quantify natural and artificial chemical substances. These instruments enable the retrieval of qualitative and quantitative data concerning the presence of one or more components in a sample. Additionally, they have various applications in life sciences research and clinical diagnostics for the development of novel diagnostic and therapeutic products.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35H2050