HOME Research Insight Product Launches and Enhancements Were Key Growth Strategies Adopted by Leading Market Players in the Global Life Science Instrumentation Market



Product Launches and Enhancements Were Key Growth Strategies Adopted by Leading Market Players in the Global Life Science Instrumentation Market


The global life science instrumentation market is expected to reach USD 75.24 Billion by 2022 from USD 54.49 Billion in 2017, at a CAGR of 6.7% during the forecast period. Factors driving the growth of this market include increasing spending on pharmaceutical R&D, rising food safety concerns, technological advancements in analytical instruments, and funding available for life science research activities

Thermo Fisher Scientific, Inc. (US), Danaher Corporation (US), Agilent Technologies, Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Bruker Corporation (US), PerkinElmer, Inc. (US), and Waters Corporation (US) are some of the leading manufacturers in this market. Other key players in this market include Shimadzu Corporation (Japan), Illumina, Inc. (US), Siemens AG (Germany), Horiba Ltd. (Japan), Bio-Rad Laboratories, Inc. (US), Abbott Laboratories (US), Becton, Dickinson and Company (US), Hitachi High-Technologies Corporation (Japan), Eppendorf AG (Germany), QIAGEN N.V. (Netherlands), Carl Zeiss AG (Germany), Tecan Group Ltd. (Switzerland), GE Healthcare (US), and Merck KGaA (Germany), among others.

Analysis of the market developments between 2015 and 2017 (August) show that product launches and enhancements were the most widely adopted growth strategies by players in the market. Players adopted these strategies to strengthen their market position, product portfolio, and provide technologically advanced products to its customer base. For instance, in 2017, Agilent Technologies, Inc. (US) launched several technological advanced products in the life science instrumentation market. These products include AriaDx Real-Time PCR System, 1260 Infinity II Prime LC System, 1260 Infinity II Supercritical Fluid Chromatography System, InfinityLab LC Purification Solution, 7250 GC/Q-TOF system, triple quad LC/MS, 6495B Triple Quadrupole LC/MS System, and 6545XT AdvanceBio LC/Q-TOF MS System.

Thermo Fisher Scientific, Inc. (US) held the leading position in the global life science instrumentation market in 2016. The company has been focusing on product launches, approvals, agreements, collaborations, acquisitions, and expansions to maintain this position in the market. In 2016, Thermo Fisher Scientific Inc. (U.S.) acquired Life Technologies Corporation (a biotechnology company with more than 50,000 products and customers in 160 countries) and established a segment called Life Science Solutions. This acquisition helped the company to strengthen its life sciences product portfolio and increase its customer base across all geographies. The company has a strong global presence with a well-established supply chain that helped it garner a prominent share in the life science instrumentation market in 2016.

Danaher Corporation (US) accounted for the second-largest share of the global life science instrumentation market in 2016. The company operates in this market through its subsidiaries, Beckman Coulter, Inc., AB SCIEX, Molecular Devices, and Leica Microsystems. These subsidiaries offer advanced life science instruments along with the required software and consumables. The company launched the ImageXpress Nano Automated Imaging System and CellReporterXpress Image Acquisition and Analysis Software, DMi8 S, SP8 DIVE system, SpectraMax iD3 Multi-Mode Microplate Reader, and X500B QTOF Mass Spectrometry System in 2017. The company has a global presence and is financially strong. The company adopted agreements, partnerships, and collaborations as its key growth strategy to maintain its position in the life science instrumentation market.

Related Reports:

Life Science Instrumentation Market by Technology (Spectroscopy, Chromatography, Flow Cytometry, NGS, PCR, Microscopy), Application (Research, Clinical), End User (Pharma-Biotech Companies, Food & Beverage Industry, Hospitals) - Global Forecast to 2022

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