Asia Pacific Analytical Instrumentation Market Size & Outlook
Asia Pacific analytical instrumentation market, 2018-2030 (US$M)
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Asia Pacific analytical instrumentation market highlights
- The Asia Pacific analytical instrumentation market generated a revenue of USD 11,080.4 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 11,080.4 million |
| Market revenue in 2030 | USD 15,078.4 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Services, Software |
| Key market players worldwide | Thermo Fisher Scientific Inc, Waters Corp, Shimadzu Corp, Danaher Corp, Agilent Technologies Inc, Bruker Corp, PerkinElmer, Mettler-Toledo International Inc, ZEISS Group, Bio-Rad Laboratories Inc, Illumina Inc, Eppendorf, Roche Holding AG, Sartorius AG, Avantor Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.2% of the global analytical instrumentation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,078.4 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific analytical instrumentation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to analytical instrumentation market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 55.17% in 2023. Horizon Databook has segmented the Asia Pacific analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific market for analytical instrumentation has witnessed substantial growth, driven by the region's rapid economic development, industrialization, and increasing R&D activities. The market's expansion was further accelerated by the COVID-19 pandemic, as countries such as China, India, Japan, South Korea, and Singapore significantly invested in healthcare infrastructure and testing capabilities.
The demand for analytical instruments, especially in the pharmaceutical, biotechnology, and environmental sectors, increased to support disease diagnosis, vaccine development, and environmental monitoring. Furthermore, the region's growing emphasis on precision medicine and personalized healthcare has fueled the adoption of advanced analytical technologies.
Owing to the pandemic, countries in the Asia Pacific region have become key players in the analytical instrumentation market, contributing to the industry's overall global growth.
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Target buyers of Asia Pacific analytical instrumentation market databook
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Our clientele includes a mix of analytical instrumentation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific analytical instrumentation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific analytical instrumentation market size, by country, 2018-2030 (US$M)
Asia Pacific Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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