Analytical Laboratory Instrument Market Report 2025

The analytical laboratory instrument market size has grown strongly in recent years. It will grow from $114.21 billion in 2024 to $124.52 billion in 2025 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to increases in healthcare expenditure, economic growth in emerging markets, an aging population, and rising awareness about food testing and stringent regulations for safety.

The analytical laboratory instrument market size is expected to see strong growth in the next few years. It will grow to $167.94 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to factors including technological advances, an increase in healthcare access, and the rising prevalence of chronic diseases. Major trends in the forecast period include investing in 3d printing technology, big data analytics, automation solutions, investing in the development of 3d microscopes, M&A growth strategies, and adaptability to cloud technology for higher speed and efficiency.

The rapid expansion of life science industries has significantly influenced the growth of the analytical laboratory instruments market. The rising number of patients facing lifestyle-related issues like diabetes and cardiovascular diseases, along with other critical illnesses such as cancer, coupled with increased investments in research and development and a growing elderly population, have all contributed to the growth of the life science sector. For example, in September 2024, statistics from Cross River Therapy, a U.S.-based provider of ABA therapy services, indicated that the U.S. pharmaceutical industry generated $550 billion in revenue, with Americans spending $576.9 billion on medications in 2021. This spending is projected to rise to between $605 billion and $635 billion by 2025. Consequently, the expanding life science industry is anticipated to propel the demand for analytical laboratory instruments.

The escalating demand for pharmaceutical products is anticipated to further fuel the growth of the analytical laboratory instruments market. Pharmaceutical products encompass substances developed to prevent, diagnose, or treat medical conditions. These laboratory instruments play a crucial role in ensuring the quality, safety, and effectiveness of pharmaceuticals by conducting essential tests for drug formulation, purity, and stability, thus aligning with regulatory standards. For instance, the Merck Group reported a remarkable increase in pharmaceutical product sales, reaching $59.3 billion in 2022, marking a substantial 22% surge over the previous year. Consequently, the soaring demand for pharmaceutical goods stands as a significant driver propelling the expansion of the analytical laboratory instruments market.

Companies within the analytical laboratory instruments sector are innovating equipment that can collect and relay data to cloud-based systems. The integration of cloud technology aids scientists in rapidly sharing research outcomes. For example, TetraScience, a technology firm specializing in data integration, developed a technology enabling lab equipment to continuously gather and transmit data to the cloud. This real-time monitoring capability ensures more accurate results, expediting research completion, reducing manual intervention, and enhancing cost efficiency.

Major players in the analytical laboratory instruments industry are intensifying their efforts to introduce sophisticated liquid chromatography-mass spectrometry (LC-MS) systems to bolster market revenue. Advanced LC-MS systems are complex analytical tools used for separating, identifying, and quantifying intricate mixtures of chemicals or compounds. In June 2023, Agilent Technologies Inc., a US-based laboratory equipment manufacturer, unveiled two new liquid chromatography-mass spectrometry systems. The Agilent 6495D LC/TQ, a triple-quadrupole LC/MS system, is specifically designed for precision-demanding targeted analysis applications. Simultaneously, the Agilent Revident LC/Q-TOF, a quadrupole time-of-flight LC/MS system, features enhanced instrument intelligence to optimize operational time and productivity. The 6495 LC/TQ instrument offers robustness for research while being production-ready, ensuring increased sample measurements, heightened efficiency, and minimized instrument downtime.

In June 2022, R-Biopharm AG, a Germany-based developer of test solutions for clinical diagnosis and food & feed analysis, successfully acquired AusDiagnostics Pty Ltd for an undisclosed amount. This strategic acquisition is intended to enhance R-Biopharm AG's product portfolio in analytical laboratory instruments for diagnostic purposes, positioning the company for a competitive advantage in the market. AusDiagnostics Pty Ltd., based in Australia, is recognized as a manufacturer of diagnostic laboratory equipment, and its integration into R-Biopharm AG is expected to contribute to the expansion and capabilities of the company in the field of clinical diagnosis and laboratory analysis.

Major companies operating in the analytical laboratory instrument market include Thermo Fisher Scientific Inc., Danaher Corporation, Shimadzu Corporation, F. Hoffmann-La Roche AG, Bruker Corporation, Mettler-Toledo International Inc., Waters Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., Scientific Solutions, Metrohm AG, SUEZ Water Technologies and Solutions, Ionicon Analytik Ges.m.b.H., AMETEK Spectro Scientific, Elvatech Ltd., Myron L Company, LabGeni, LABOAO, QIAGEN, Yamato Scientific co. Ltd., Ace Instruments & Services Pvt Ltd., Aczet Pvt Ltd, Anton Parr India Pvt Ltd, Toshvin Analytical Pvt. Ltd., Advance Scientific Equipment Pvt. Ltd., Peak Scientific Instruments, Spectris plc, Specac Limited, Markes International Ltd, Signal Group Ltd, NanoMagnetics Instruments Ltd, Sherwood Scientific Ltd, Malvern Panalytical, Cleaver Scientific Ltd, MRC, Cole-Parmer Instrument Company Ltd, Anton Paar Ltd., BWB Technologies Ltd, Systech Instruments Ltd, Appleton Woods Ltd, PAC L.P., A.KRÜSS Optronic GmbH, F-DGSi, Grant Instruments, Seaward Electronic Ltd, Endress+Hauser, Nanosurf, WITec GmbH, ZEISS Group, Sartorius AG, Eppendorf, Stable Micro Systems, Bruker OOO, ECROSKHIM Co. Ltd., Keithley Equipment, Laboratory Equipment and Instruments (LOIP), Agilent Ukraine, Rostec, Agilent Technologies, Chemglass Life Sciences Inc., Kimble Chase, SP Industries, Teledyne Tekmar, PerkinElmer, AMETEK Process Instruments, Saifi International Co., National Scientific Co. Ltd., Ghiath Mohammad Kaki Est., BDH Middle East LLC, Maa Scientific International LLC, Tungsten Analytical Testing Equipment Trading LLC, RotaLab, SEM GROUP, Rhenium, CSI Analytical Innovations, Silicol-Silicol Scientific Equipment Ltd, Analytik Jena AG, Labotec, Wirsam Scientific, Labex (PTY) Ltd., Labstock (Nigeria) Limited, Estec Ltd.

Asia-Pacific was the largest region in the analytical laboratory instruments market in 2024. North America was the second-largest region in the global analytical laboratory instrument market share. The regions covered in the analytical laboratory instrument market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the analytical laboratory instrument market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Analytical laboratory instruments encompass both electronic and non-electronic devices designed to assess and analyze samples, offering qualitative and quantitative insights. These instruments play a crucial role in determining the chemical composition and quantity of each component within a sample. They find applications in laboratory analysis, assessing the chemical or physical composition, and concentration of solid, liquid, gaseous, or composite materials. Analytical instruments are widely used across various industries, including chemical, pharmaceutical, life sciences, food processing labs, and oil refineries, for sample testing.

The main types of analytical laboratory instruments can be categorized into element analysis, separation analysis, and molecular analysis. Element analysis involves determining the elemental and, at times, isotopic composition of materials such as soil, waste, minerals, and chemical compounds. These instruments are utilized across diverse settings, including research, clinical, diagnostic, and applications within hospitals, diagnostic laboratories, pharmaceutical, and biotechnology sectors.

The analytical laboratory instruments market research report is one of a series of new reports that provides analytical laboratory instruments market statistics, including analytical laboratory instruments industry global market size, regional shares, competitors with an analytical laboratory instruments market share, detailed analytical laboratory instruments market segments, market trends and opportunities, and any further data you may need to thrive in the analytical laboratory instruments industry. This analytical laboratory instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The analytical laboratory instruments market consists of sales of element analysis, separation analysis, and molecular analysis. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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