Global Biotechnology Instruments Market worth USD 106750 million at CAGR of 12.66% says by Qualiket Research

Global Biotechnology Instruments Market Research Report by End-use (Government & Academic Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Healthcare Facilities, Others), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19


Dallas, Texas, United states, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Biotechnology Instruments Market is estimated to grow from USD 47470 million in 2020 to USD 106750 million by 2027, at a CAGR of 12.66%.

The increasing use of point-of-care diagnostic equipment is a major driver of the market. R&D breakthroughs have continuously improved the capabilities of point-of-care (POC) testing systems. New equipment provides a diverse range of tests that can be employed in a variety of healthcare settings. New POC devices enable real-time transfer of test results to patients' electronic medical records for simple review by physicians.

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Market Segmentation Analysis

Based on the End-use, the market is segmented into Government & Academic Institutes, Pharmaceutical & Biotechnology Companies, Hospitals & Healthcare Facilities, Others. Hospitals and healthcare segment has largest market share during the forecast period. Recent improvements in IVD equipment have made them more user-friendly and efficient, increasing their acceptance throughout healthcare settings. Beckman Coulter, for instance, debuted the DXH560 AL, a tabletop hematology analyzer, in February 2021. It is intended to reduce the time and resource constraints that mid- and small-sized laboratories confront.

Key Players

The key players profiled in Biotechnology Instruments market analysis include Abbott, Agilent Technologies, Alcon, Inc., AngioDynamics, Becton, Dickinson, and Company, BioMerieux SA, Bio-Rad Laboratories, BioTek Instruments, Inc., and Candela Medical, Cynosure, LLC, Danaher Corporation

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COVID-19 Impact on the Biotechnology Instruments Market

The COVID-19 pandemic has created a demand for rapid diagnostic assays and self-testing kits, which various companies are aggressively meeting. Shimadzu Corporation will offer the completely automated PCR testing AutoAmp Genetic Analyzer (AutoAmp) in Japan in December 2020. This improved the COVID-19 testing capability of Japanese clinics.

Market Segmentation

By End-use

  • Government & Academic Institutes
  • Pharmaceutical & Biotechnology Companies
  • Hospitals & Healthcare Facilities
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Regional Analysis

Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. North America is expected to have the largest revenue share. China and India are the Asia Pacific region's major economies in the manufacturing sector, which is predicted to drive product demand in the automotive, construction, electrical & electronics, textile, and other industries.

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About Us


QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. 

 

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