Global Life Sciences Tools Market Size By Product (PCR & QPCR, Separation Technologies), By Application (Proteomics Technology, Genomic Technology), By End-User (Healthcare, Biopharmaceutical), By Geographic Scope And Forecast

Report ID: 148276|No. of Pages: 202

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Global Life Sciences Tools Market Size By Product (PCR & QPCR, Separation Technologies), By Application (Proteomics Technology, Genomic Technology), By End-User (Healthcare, Biopharmaceutical), By Geographic Scope And Forecast

Report ID: 148276|Published Date: Dec 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Life Sciences Tools Market Size And Forecast

Life Sciences Tools Market size was valued at USD 63.8 Billion in 2024 and is projected to reach USD 112.99 Billion by 2031, growing at a CAGR of 8.17% from 2024 to 2031.

  • Life sciences tools refer to a diverse range of instruments, technologies, and methodologies used in biological research and healthcare applications. These tools encompass a wide array of products, including laboratory equipment, reagents, software for data analysis, and diagnostic devices.
  • Their primary purpose is to aid scientists and researchers in studying living organisms, understanding biological processes, and developing new therapies and treatments.
  • In practice, life sciences tools are critical in various sectors, including pharmaceuticals, biotechnology, and environmental science. They are used for tasks such as genomic sequencing, protein analysis, drug discovery, and clinical diagnostics.
  • For example, high-throughput screening techniques enable researchers to test thousands of compounds quickly, accelerating the drug development process. Additionally, advances in imaging technologies and bioinformatics software have transformed how researchers analyze complex biological data, leading to new insights and innovations.

Life Sciences Tools Market is estimated to grow at a CAGR of 8.17% & reach USD 112.99 Bn by the end of 2031

Global Life Sciences Tools Market Dynamics

The key market dynamics that are shaping the global life sciences tools market include:

Key Market Drivers

  • Rising Investment in Research and Development: The life sciences tools market is witnessing rising investment in research and development from both public and private sectors. This funding is essential for driving innovation and advancing technologies that support drug discovery and development. National Institutes of Health (NIH) budget reached $47.5 billion in FY 2024, a 5.2% increase from FY 2023.
  • Growing Demand for Personalized Medicine: There is a growing demand for personalized medicine, which necessitates advanced life sciences tools for targeted therapies. As healthcare shifts toward more individualized treatment approaches, the market for specialized diagnostic and analytical tools expands. FDA approved 42 personalized medicines in 2023, representing 39% of all new drug approvals.
  • Increasing Adoption of Automation: The increasing adoption of automation in laboratories is revolutionizing the life sciences tools market. Automated systems enhance efficiency, reduce human error, and accelerate workflows, making them indispensable in research settings. The CDC reports 78% of clinical labs implemented automated systems in 2023, up from 65% in 2022.
  • Rising Focus on Regulatory Compliance: A rising focus on regulatory compliance is driving the demand for reliable and standardized life sciences tools. As regulations evolve, researchers and companies seek tools that ensure quality and consistency in their processes. The CDC reported a 34% increase in lab certification applications in 2023.
  • Growing Global Health Challenges: The life sciences tools market is responding to growing global health challenges, such as infectious diseases and chronic conditions. This urgency fuels the need for innovative tools that facilitate faster diagnostics and improved treatment options. QIAGEN (February 2024) introduced rapid pathogen detection system with 15-minute results.

Key Challenges:

  • Increasing Competition from Emerging Markets: The market is experiencing increasing competition from emerging markets, where cost-effective alternatives are being developed. This trend challenges established players to innovate continuously while maintaining affordability.
  • Rising Data Privacy Concerns: Rising data privacy concerns impact the life sciences tools market, especially regarding the handling of sensitive patient information. Compliance with data protection regulations can complicate the development and deployment of certain technologies.
  • Growing Need for Skilled Workforce: A growing need for a skilled workforce poses challenges for the life sciences tools market, as specialized knowledge is required to operate advanced technologies. The shortage of qualified professionals can impede progress and limit market growth.

Key Trends

  • Rising Use of Biometric Solutions: The automated border control market is witnessing a rising use of biometric solutions, such as facial recognition and iris scanning. These technologies enhance security and efficiency, providing faster processing times for travelers. According to the U.S. Customs and Border Protection (CBP), as of March 2024, facial biometric technology has been implemented at 238 airports for entry and 225 airports for exit.
  • Growing Investment in Technology: There is a growing investment in advanced technologies for automated border control systems, driven by the need for enhanced security measures. Governments are prioritizing modernization efforts to improve border management and streamline passenger flows. The global automated border control market is projected to reach USD 2.85 Billion by 2025, growing at a CAGR of 16.3%
  • Increasing Collaboration with Technology Providers: The market is experiencing increasing collaboration between governments and technology providers to develop innovative border control solutions. This partnership fosters the integration of cutting-edge technologies that address evolving security challenges and enhance user experience. NEC Corporation in April 2024, launched multi-modal biometric scanning capable of simultaneous facial, iris, and fingerprint recognition.

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Global Life Sciences Tools Market Regional Analysis

Here is a more detailed regional analysis of the global life sciences tools market:

North America

  • North America stands at the forefront of the life sciences tools market, driven by substantial research and development investments, a robust biopharmaceutical industry, and cutting-edge technological advancements.
  • The United States, in particular, leads this dominance with its world-renowned research institutions and biotechnology hubs. Canada and Mexico also contribute significantly to the region’s market leadership. According to the National Institutes of Health, the U.S. government allocated USD 41.7 Billion for life sciences research in fiscal year 2023, underscoring the region’s commitment to advancing scientific tools and technologies.
  • The region’s dominance is further reinforced by the presence of major life sciences tools manufacturers and a culture of innovation that continually pushes the boundaries of scientific discovery. These companies are at the forefront of developing advanced genomic sequencing platforms, high-throughput screening systems, and sophisticated imaging technologies. In a recent development, Thermo Fisher Scientific, a key player in the market, announced in February 2024 the launch of its next-generation mass spectrometry platform, promising unprecedented sensitivity and speed for proteomics research and drug discovery applications.

Asia Pacific

  • The Asia Pacific region is experiencing rapid growth in the life sciences tools market, driven by increasing research and development investments, expanding biotechnology sectors, and growing government support for scientific innovation. Countries like China, Japan, and South Korea are leading this surge, with India and Singapore also making significant strides in life sciences research and development.
  • According to China’s National Bureau of Statistics, the country’s spending on research and development reached 2.44% of its GDP in 2023, amounting to approximately 2.8 trillion yuan (about USD 430 Billion), a substantial portion of which was directed towards life sciences and biotechnology.
  • The region’s growth is further fueled by a rising demand for advanced diagnostic tools, genomic technologies, and precision medicine solutions. Local manufacturers are rapidly developing capabilities to produce sophisticated life sciences instruments, reducing dependence on imports and fostering a competitive domestic market. In a recent development, BGI Genomics, a leading Chinese life sciences company, announced in January 2024 the launch of its new high-throughput sequencing platform, designed to significantly reduce the cost and time required for large-scale genomic studies.

Global Life Sciences Tools Market: Segmentation Analysis

The Global Life Sciences Tools Market is segmented based on Product, Application, End-user, And Geography.

Life Sciences Tools Market: Segmentation Analysis

Life Sciences Tools Market, By Product

  • PCR & QPCR
  • Separation Technologies
  • Nucleic Acid Microarray
  • Other Technologies

Based on Product, the Global Life Sciences Tools Market is bifurcated into PCR & QPCR, Separation Technologies, Nucleic Acid Microarray, and Other Technologies. In the life sciences tools market, the PCR & qPCR segment currently dominates due to its widespread application in research, diagnostics, and personalized medicine, making it essential for various molecular biology studies. However, the separation technologies segment is experiencing rapid growth, driven by increasing demand for high-throughput analysis and purification processes in drug development and genomics. This growth is fueled by advancements in technologies that enhance efficiency and resolution, positioning separation technologies as a vital component of modern life sciences research.

Life Sciences Tools Market, By Application

  • Proteomics Technology
  • Genomic Technology
  • Cell Biology Technology
  • Others

Based on Application, the Global Life Sciences Tools Market is bifurcated into Proteomics Technology, Genomic Technology, Cell Biology Technology, and Others. In the life sciences tools market, the genomic technology segment currently dominates, driven by the surge in genomics research and applications such as personalized medicine and genetic testing. However, the proteomics technology segment is rapidly growing, propelled by advancements in mass spectrometry and protein analysis techniques, which are becoming increasingly important in drug discovery and disease biomarker identification. This growth reflects a broader trend towards integrating proteomic insights into biomedical research, enhancing our understanding of complex biological systems.

Life Sciences Tools Market, By End-User

  • Healthcare
  • Biopharmaceutical
  • Academics and Government
  • Others

Based on End-User, the Global Life Sciences Tools Market is bifurcated into Healthcare, Biopharmaceutical, Academics and Government, and Others. In the life sciences tools market, the biopharmaceutical segment currently dominates, driven by substantial investments in drug development and the need for advanced research tools to support biologics and biosimilars. However, the healthcare segment is rapidly growing, fueled by the increasing demand for diagnostic tools and personalized medicine solutions. This expansion is supported by advancements in technology that enhance patient care and streamline clinical workflows, highlighting the critical role of life sciences tools in improving health outcomes across diverse applications

Life Sciences Tools Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Global Life Sciences Tools Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. In the life sciences tools market, North America currently dominates, primarily due to its robust research infrastructure, significant investment in biotechnology, and a high concentration of leading life sciences companies. However, the Asia Pacific region is rapidly growing, driven by increasing funding for research and development, expanding healthcare infrastructure, and a rising focus on personalized medicine. This growth is further supported by the region’s burgeoning biotechnology sector and increasing collaborations between academic institutions and industry, positioning Asia Pacific as a key player in the global life sciences landscape.

Key Players

The “Global Life Sciences Tools Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Agilent Technologies, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Merck KGaA, Shimadzu Corporation, Hitachi, Ltd., Bruker Corporation, Oxford Instruments plc, Zeiss International, and QIAGEN.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Life Sciences Tools Market Key Developments

Life Sciences Tools Market Key Developments And Mergers

  • In September 2022, Agilent Technologies announced the acquisition of a leading software analytics company to enhance its life sciences tools portfolio, aiming to provide advanced data analysis capabilities for researchers.
  • In February 2023, Bio-Rad Laboratories introduced a groundbreaking multiplex PCR system that allows researchers to detect multiple targets in a single reaction, streamlining workflows in clinical diagnostics and research.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Agilent Technologies, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Merck KGaA, Shimadzu Corporation, Hitachi, Ltd., Bruker Corporation, Oxford Instruments plc, Zeiss International, QIAGEN.

SEGMENTS COVERED

By Product, By Application, By End-user, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions

Some of the key players leading in the market include Agilent Technologies, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Merck KGaA, Shimadzu Corporation, Hitachi, Ltd., Bruker Corporation, Oxford Instruments plc, Zeiss International, QIAGEN.

The surge in life sciences research, particularly in genomics and personalized medicine, is a major driver. This research necessitates ever-more sophisticated tools for analysis and experimentation, fueling demand across the life sciences tools market.

The major players in the market are Agilent Technologies, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Merck KGaA, Shimadzu Corporation, Hitachi, Ltd., Bruker Corporation, Oxford Instruments plc, Zeiss International, and QIAGEN.

The Global Life Sciences Tools Market is segmented based on Product, Application, End-user, And Geography.

The sample report for the Life Sciences Tools Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.

1 INTRODUCTION OF GLOBAL LIFE SCIENCES TOOLS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL LIFE SCIENCES TOOLS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL LIFE SCIENCES TOOLS MARKET, BY PRODUCT
5.1 Overview
5.2 PCR & qPCR
5.3 Separation Technologies
5.4 Nucleic Acid Microarray
5.5 Other Technologies

6 GLOBAL LIFE SCIENCES TOOLS MARKET, BY APPLICATION
6.1 Overview
6.2 Proteomics Technology
6.3 Genomic Technology
6.4 Cell Biology Technology
6.5 Other Applications

7 GLOBAL LIFE SCIENCES TOOLS MARKET, BY END-USER
7.1 Overview
7.2 Healthcare
7.3 Biopharmaceutical
7.4 Academics and government
7.5 Others

8 GLOBAL LIFE SCIENCES TOOLS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa

9 GLOBAL LIFE SCIENCES TOOLS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies

10 COMPANY PROFILES

10.1 Agilent Technologies
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments

10.2 F. Hoffmann-La Roche Ltd
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments

10.3 Bio-Rad Laboratories, Inc
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments

10.4 Bruker Corporation
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments

10.5 Danaher Corporation
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments

10.6 GE Healthcare
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments

10.7 Illumina, Inc
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments

10.8 Merck Group
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments

10.9 Oxford Instruments
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments

10.10 Qiagen N.V
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments

11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations

12 Appendix
12.1 Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Life Sciences Tools Market

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