North America Scientific Instruments Market Size (US$ 15.9 Billion) 2022, Share, Analysis, and Report 2027
The latest report by IMARC Group, titled “North America Scientific Instruments Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the North America scientific instruments market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The North America scientific instruments market size reached US$ 13.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2027, exhibiting a growth rate (CAGR) of 2.86% during 2022-2027.
Scientific instruments are a range of laboratory equipment specifically designed for scientific purposes. These devices can differ according to their size, complication, and shape. Scientific instruments offer various functionalities and features, including resolution, parameter adjustments, analysis, data sampling, storage, collection and retrieval. They are widely utilized by research institutions to conduct precise research procedures and refurbish existing products.
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Market Trends:
The growth of the North America scientific instruments market can be attributed to the rising demand for these tools and devices across industries, such as healthcare and pharmaceutical. In line with this, increasing investments in research and development (R&D) is acting as another major growth-inducing factor. For instance, in the healthcare industry, there is a steadily rising demand for these devices, including incubators, thermal cyclers, microarray scanners and microplate dispensers, which is contributing to the market growth. Moreover, various technological advancements, such as the incorporation of scientific instruments with artificial intelligence (AI) and micro-technologies, are also creating a positive outlook for the market across the region.
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Key Market Segmentation:
Breakup by End-Use:
- Industrial
- Government Institutes
- Academics
Breakup by Type:
- Scientific Clinical Analysers
- Scientific Analytical Instruments
Competitive Landscape with key players:
The competitive landscape of the market has also been analyzed along with the profiles of some of the leading key players operating in the market.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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