The Global market for life sciences and lab equipment is forecast to reach $52.3 billion by 2025, growing at a CAGR of 6.2% from 2020 to 2025. The market growth is attributed to the technological advancements in healthcare, research and development, government initiatives and investments in the life sciences and lab equipment market. Moreover broadening in the various application regions, and rising academic-industry alliances boosts the market growth.

Key Takeaways

• Growing proteomics market also leverages a positive impact on the market growth of life sciences and lab equipment owing to the deployment of proteomics that involves the study of the structure and roles of proteins used in drug development, evaluation, and disease management.

• North America region dominated the global life sciences and lab equipmentmarket in 2019 owing to the presence of advanced technologies, large number of manufacturers and the rising life sciences sector (biotechnology/healthcare) based research in this region.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=18892

Geography – Segment Analysis

North America held the highest market share of the life sciences and lab equipmentmarket in 2019. The market growth is due to presence of advanced healthcare technologies, drug discovery along with relatable research and development programmes, involvement of several main vendors in this area and others.In June 2017, Panasonic Healthcare Corporation of North America entered into a partnership with ENERGY STAR.

Drivers – Life sciences and lab equipment market

Concerns related to health issues
Market Landscape : Market for gunshot detection marketis consolidated with the top players including Agilent Technologies, Becton, Dickinson and Company, Bio-Rad Laboratories, Danaher Corporation, F. Hoffmann-La Roche, PerkinElmer, Thermo Fisher Scientific, Waters Corporation, Bruker Corporation, Shimadzu Corporation, and among others.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.