September 26, 2020

Scientific Instrument Market: COVID-19 Business Continuity Plan | Evolving Opportunities with ABB Ltd. and Agilent Technologies Inc.

The global scientific instrument market is expected to grow by USD 16 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200915005554/en/

Technavio has announced its latest market research report titled Global Scientific Instrument Market 2020-2024 (Graphic: Business Wire)

Request challenges and opportunities that influence COVID-19 pandemic – Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on “Scientific Instrument Market Analysis Report by Product (Laboratory analytical instruments and consumables; and Measuring and monitoring devices), Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/scientific-instrument-market-industry-analysis

The market is driven by the increase in global R&D investments. In addition, the rise in the number of product promotional activities is anticipated to boost the growth of the scientific instrument market.

The growing demand for the development of new products and the enhancement of existing products has increased the investments in R&D activities worldwide. Besides, the rising number of testing facilities, especially in biotechnology and pharmaceutical fields has increased the use of scientific instruments. Moreover, many government organizations across the world are encouraging pharmaceutical companies to increase their R&D efforts and invest in genomic research. This has further increased the demand for scientific instruments, which is contributing to the growth of the market.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Scientific Instrument Companies:

ABB Ltd.

ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company offers a wide range of scientific instruments for various end-user requirements.

Agilent Technologies Inc.

Agilent Technologies Inc. operates its business through segments such as Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The company offers a wide range of scientific instruments for a variety of end-user applications.

Bio-Rad Laboratories Inc.

Bio-Rad Laboratories Inc. operates its business through segments such as Life Science and Clinical Diagnostics. The company offers a wide range of scientific instruments for various end-user applications.

Bruker Corp.

Bruker Corp. operates its business through segments such as Bruker BioSpin, Bruker CALID, Bruker Scientific Instruments NANO, and Bruker Energy & Supercon Technologies. The company offers a wide range of scientific instruments for various end-user requirements.

Danaher Corp.

Danaher Corp. operates its business through segments such as Life Sciences, Diagnostics, and Environmental & Applied Solutions. The company offers a wide range of scientific instruments for a variety of end-user applications.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Scientific Instrument Market Product Outlook (Revenue, USD Billion, 2020-2024)

  • Laboratory analytical instruments and consumables
  • Measuring and monitoring devices

Scientific Instrument Market Geography Outlook (Revenue, USD Billion, 2020-2024)

  • North America
  • APAC
  • Europe
  • South America
  • MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Related Reports on Healthcare Include:

Global Atomic Spectroscopy Market – Global atomic spectroscopy market by application (pharmaceutical and biotechnology testing, food and beverage testing, environmental testing, and others) and geography (North America, Europe, Asia, and ROW).

Global Flexible Endoscopes Market – Global flexible endoscopes market by product (flexible videoscopes and flexible fiberscopes), application (laparoscopy, GI endoscopy, urology endoscopy, gynecology endoscopy, and ENT endoscopy), end-user (hospitals, diagnostic labs, and ASCs), and geography (Asia, Europe, North America, and ROW).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200915005554/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Source Article