Yahoo Finance 
Global Life Science Tools Market Report 2023: Market to Reach $258.6 Billion by 2030 - Players Pursue Product Launch & Innovation to Stay Relevant in Competitive Life Science Tools Market
DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Life Science Tools: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Life Science Tools Market to Reach $258.6 Billion by 2030
The global market for Life Science Tools estimated at US$133 Billion in the year 2022, is projected to reach a revised size of US$258.6 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.
Cell Biology, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$82.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Genomics segment is readjusted to a revised 8.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $48.4 Billion, While China is Forecast to Grow at 13% CAGR
The Life Science Tools market in the U.S. is estimated at US$48.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.1 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 8.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
Looking Ahead to 2023
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
A Prelude to Life Sciences Tools
Impact of Covid-19 and Global Economic Update
War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond
Here's How Inflationary Pressures Affect the Economy
Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
Stubbornly High Inflation to Single Handedly Drag Down Global Growth
Here's What's Causing the Current Spike in Inflation
Life Science Tools Market Gains Precedence during COVID-19 Pandemic
Competition
Players Pursue Product Launch & Innovation to Stay Relevant in Competitive Life Science Tools Market
Competitive Market Presence - Strong/Active/Niche/Trivial for 308 Players Worldwide in 2023 (E)
Global Market Analysis and Prospects
Global Life Science Tools Market Appears Primed for Healthy Growth Ahead
Cell Biology Holds Significant Revenue Stake
Hospitals Remain Primary End-User Segment
North America Maintains Front Rank in Global Life Science Tools Market
Asia-Pacific to Exhibit Impressive Growth
Salient Drivers Keeping Global Life Science Tools Market in Good Shape
Technology Trends in the Life Sciences Domain
Connected Devices, IoT Ecosystems to Transform the Life Science Landscape
Exponential Intelligence, Quantum Computing and Ambient Technologies to Make Headway
Cloud Platforms Ease Data Sharing
Life Sciences to Gain with Blockchain Edge
AI-enabled Automation to Deliver Tangible Benefits for All
Cybersecurity Needs Grow for Life Sciences
Intertwined Factors with Major Implications for Life Science Domain & Related Tools
Recent Market Activity
World Brands
MARKET TRENDS & DRIVERS
Trends in Life Science Sector Support Demand
Why Diagnostic Testing is Key to Mitigate Impact of Infectious Diseases?
3D Cell Culture Transforms Life Sciences Industry
Increasing Demand for 3D Cell Culture in Drug Discovery
Use of 3D Cell Culture for Regenerative Medicine
Proteomics Emerges as an Important Research Tool in Battle against COVID-19
Proteomics Profiling to Expedite Drug Discovery
Proteomics at the Fore with Latest Advances
Mass Spectrometry (MS) Expands Application of Proteomics
AI and Machine Learning Address Shortcomings of Traditional Equipment in Effectively Identifying Protein Patterns
mRNA Technology Gains Spotlight in Life Sciences
Innovations in Instrumentation Expand Functionality and Drive Adoption of PCR
Synoptic Review of Quantitative PCR Technical Advancements in the Recent Years
Genome Sequencing Experiences Host of Evolutionary Waves
Greater Integration of Genomic Technologies in the Development of Novel Diagnostics Tests
Next Generation Sequencing Drives the Market Growth
R&D Activity Remains Vibrant in NGS
The Need for Large-scale NGS Data Analysis Pushes for Cloud-enabled Bioinformatics Services
Single-Cell Spatial Biology Technologies Poised to Emerge as an Integral Aspect of Future Labs
Rising Application of Whole Genome Sequencing Drives Demand for Faster Secondary Analysis Tools
Rapid Growth in Biopharma Industry and Rising Investments in R&D to Boost Market Prospects
Liquid Chromatography Drives Growth in New Application Markets
Innovative HPLC Products Inject New Growth
Digital Transformation of Life Sciences Sector Improves Efficiency and Productivity
Artificial Intelligence offers Multiple Opportunities
Wearable Devices Gains Popularity
The Cloud Technology Witnesses Rapid Growth
VR and E-pharmacy
Smart Quality
Growing R&D Spending in Pharma and Biotechnology Sectors Presents Opportunities
Technological Developments and Expanding End-Use Applications to Bolster Growth in Mass Spectrometry
Miniature Mass Spectroscopy Instruments Get Popular
Increase in Healthcare Spending to Propel Demand for Life Science Tools
The Rise of Data Analytics in Life Sciences
Data Science in Drug R&D
Data Sharing Emerges as a Significant Trend to Gain Competitive Advantage
FOCUS ON SELECT PLAYERS (Total 295 Featured)
Abbott Laboratories Inc.
Agilent Technologies, Inc.
Becton, Dickinson and Company
Bio-Rad Laboratories, Inc.
Bruker Corporation
Carl Zeiss AG
Eppendorf SE
F. Hoffmann-La Roche AG
Hitachi High-Tech Corporation
Illumina, Inc.
Merck KGaA
Oxford Instruments plc
PerkinElmer Inc.
QIAGEN N.V.
Shimadzu Corporation
Thermo Fisher Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9fh945-science?w=5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets