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Analytical Instrumentation Market Size

Report ID: GMI5961
Published Date: Dec 2024
Report Format: PDF

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Analytical Instrumentation Market Size

The global analytical instrumentation market was valued at USD 60 billion in 2024 and is expected to exhibit growth at a CAGR of 6.5% from 2025 to 2034 period. The high market growth can be attributed to the continuous advancements in technology, rising demand for quality control in manufacturing, and expanding biotechnology industry, among other contributing factors.

Analytical Instrumentation Market

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Moreover, the increasing demand for precision and accuracy across various industries, including pharmaceuticals and biotechnology is fueling the adoption of advanced analytical tools. With growing concerns about quality control and regulatory compliance, industries rely on analytical instruments to meet stringent standards. The rising prevalence of chronic diseases and the need for personalized healthcare have accelerated the demand for analytical devices in diagnostics, particularly in clinical laboratories and diagnostic centers.

Analytical Instrumentation Market Report Attributes
Report Attribute	Details
Base Year:	2024
Analytical Instrumentation Market Size in 2024:	USD 60 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	6.5%
2025 – 2034 Value Projection:	USD 111.4 Billion
Historical Data for:	2021 – 2024
No. of Pages:	140
Tables, Charts & Figures:	195
Segments covered:	Product, Technology, Application, End Use, and Region
Growth Drivers:	Technological advancements Rising R&D spending by pharmaceutical industry & government research organizations Increasing adoption of analytical instrumentation for precision medicine applications Growing prevalence of chronic diseases
Pitfalls & Challenges:	High cost of instruments Lack of skilled professionals

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Furthermore, the rising focus on sustainability and environmental protection is boosting the demand for instruments used in environmental testing and monitoring. Stringent regulations on emissions, waste management, and pollution control are compelling industries to adopt precise analytical tools for compliance. Collectively, these drivers are expected to propel the growth of the analytical instrumentation market globally, with ongoing innovation and expanding applications.

Analytical instrumentation refers to a category of precision tools and devices used to measure, analyze, and quantify the chemical, physical, and structural properties of substances. These instruments play a crucial role in industries such as pharmaceuticals, environmental monitoring, food safety, and materials science.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global analytical instrumentation industry was valued at USD 60 billion in 2024 and is projected to grow at a 6.5% CAGR from 2025 to 2034, driven by technological advancements and rising demand for quality control in manufacturing.

The molecular analysis instruments segment is expected to grow at a 6.9% CAGR, reaching over USD 39.5 billion by 2034, fueled by the adoption of high-throughput and precision-based techniques in research and diagnostics.

The U.S. analytical instrumentation market generated USD 21.5 billion in revenue in 2024 and is anticipated to grow at a 6.2% CAGR from 2025 to 2034, driven by the expanding pharmaceutical and biotechnology industries.

Key players in the industry include Agilent, Avantor, BIO-RAD, BRUKER, Danaher, Eppendorf, HITACHI, Illumina, Malvern Panalytical, Metrohm, METTLER TOLEDO, and Revvity (PerkinElmer).