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Global Biotechnology Instruments Market to reach USD 94.8 billion by 2027.

Global Biotechnology Instruments Market Size study, by Product (Lab Automation Instruments, Life Science Consumables, IVD Instruments, Medical Lasers), by End-Use (Government & Academic Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Healthcare Facilities, Others), and Regional Forecasts 2021-2027

Product Code: HLSB-68531304
Publish Date: 5-10-2021
Page: 200

Global Biotechnology Instruments Market is valued approximately at USD 41.14 billion in 2020 and is anticipated to grow with a healthy growth rate of about 12.66% over the forecast period 2021-2027. Biotechnology instruments refers to a range of instruments and equipment that are used in the biotechnology sector for research and development activities. The global biotechnology instruments market is being driven by rising demand for Point-of-care (POC) devices and tests and increasing prevalence of target diseases with rising geriatric population. Furthermore, technological advancements and developments will provide new opportunities for the global biotechnology instruments industry. Market players across the globe are strengthening their presence in the market through different strategic initiatives. For instance, in 2021, Beckman Coulter introduced a tabletop hematology analyzer, DXH560 AL. The tabletop hematology analyzer is intended to reduce the resource and time restriction which is faced by small- and mid- sized laboratories. The newly developed tabletop hematology analyzer offers results within one minute or less. Also, in 2021, Lumenis unveiled MOSES 2.0, which is a next-generation holmium laser technology developed to improve the efficiency of urinary stones as well as enlarged prostate procedures by the optimization of laser energy transmission. Such strategic initiatives taken by the market players are expected to proliferate the adoption of biotechnology instruments which is expected to boost the market growth. However, higher cost of devices may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global biotechnology instruments market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global biotechnology instruments market over the forecast period 2021-2027. Factors such as high affordability and demand of biotechnology instrumentation, inclination towards manual automation in the pharmaceuticals, biotechnology, and related industries, government funding for research and development, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
Agilent Technologies
Alcon, Inc.
Becton, Dickinson and Company
BioMerieux SA
Bio-Rad Laboratories
BioTek Instruments, Inc.
Candela Medical
Cynosure, LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Lab Automation Instruments
Life Science Consumables
IVD Instruments
Medical Lasers
By End-Use:
Government & Academic Institutes
Pharmaceutical & Biotechnology Companies
Hospitals & Healthcare Facilities
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Biotechnology Instruments Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Biotechnology Instruments Market, by Region, 2019-2027 (USD Billion)
1.2.2. Biotechnology Instruments Market, by Product, 2019-2027 (USD Billion)
1.2.3. Biotechnology Instruments Market, by End-Use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biotechnology Instruments Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biotechnology Instruments Market Dynamics
3.1. Biotechnology Instruments Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Rising demand for Point-of-care (POC) devices and tests Increasing prevalence of target diseases with rising geriatric population
3.1.2. Market Restraint Higher cost of devices
3.1.3. Market Opportunities Technological advancements
Chapter 4. Global Biotechnology Instruments Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Biotechnology Instruments Market, by Product
a. Market Snapshot
5.1. Global Biotechnology Instruments Market by Product, Performance – Potential Analysis
5.2. Global Biotechnology Instruments Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.3. Biotechnology Instruments Market, Sub Segment Analysis
5.3.1. Lab Automation Instruments
5.3.2. Life Science Consumables
5.3.3. IVD Instruments
5.3.4. Medical Lasers
Chapter 6. Global Biotechnology Instruments Market, by End-Use
b. Market Snapshot
6.1. Global Biotechnology Instruments Market by End-Use, Performance – Potential Analysis
6.2. Global Biotechnology Instruments Market Estimates & Forecasts by End-Use 2018-2027 (USD Billion)
6.3. Biotechnology Instruments Market, Sub Segment Analysis
6.3.1. Government & Academic Institutes
6.3.2. Pharmaceutical & Biotechnology Companies
6.3.3. Hospitals & Healthcare Facilities
6.3.4. Others
Chapter 7. Global Biotechnology Instruments Market, Regional Analysis
7.1. Biotechnology Instruments Market, Regional Market Snapshot
7.2. North America Biotechnology Instruments Market
7.2.1. U.S. Biotechnology Instruments Market Product breakdown estimates & forecasts, 2018-2027 End-Use breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Biotechnology Instruments Market
7.3. Europe Biotechnology Instruments Market Snapshot
7.3.1. U.K. Biotechnology Instruments Market
7.3.2. Germany Biotechnology Instruments Market
7.3.3. France Biotechnology Instruments Market
7.3.4. Spain Biotechnology Instruments Market
7.3.5. Italy Biotechnology Instruments Market
7.3.6. Rest of Europe Biotechnology Instruments Market
7.4. Asia-Pacific Biotechnology Instruments Market Snapshot
7.4.1. China Biotechnology Instruments Market
7.4.2. India Biotechnology Instruments Market
7.4.3. Japan Biotechnology Instruments Market
7.4.4. Australia Biotechnology Instruments Market
7.4.5. South Korea Biotechnology Instruments Market
7.4.6. Rest of Asia Pacific Biotechnology Instruments Market
7.5. Latin America Biotechnology Instruments Market Snapshot
7.5.1. Brazil Biotechnology Instruments Market
7.5.2. Mexico Biotechnology Instruments Market
7.6. Rest of The World Biotechnology Instruments Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Abbott Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Agilent Technologies
8.2.3. Alcon, Inc.
8.2.4. AngioDynamics
8.2.5. Becton, Dickinson, and Company
8.2.6. BioMerieux SA
8.2.7. Bio-Rad Laboratories
8.2.8. BioTek Instruments, Inc.
8.2.9. Candela Medical
8.2.10. Cynosure, LLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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