Canada Analytical Instrumentation Market Size & Outlook
Canada analytical instrumentation market, 2018-2030 (US$M)
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Canada analytical instrumentation market highlights
- The Canada analytical instrumentation market generated a revenue of USD 1,870.3 million in 2023 and is expected to reach USD 2,611.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.9% 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.
Analytical instrumentation market data book summary
| Market revenue in 2023 | USD 1,870.3 million |
| Market revenue in 2030 | USD 2,611.6 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 3.4% of the global analytical instrumentation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. analytical instrumentation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,611.6 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 55.33% in 2023. Horizon Databook has segmented the Canada analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is recognized for its advanced healthcare and life sciences solutions. The country is home to highly skilled and experienced life sciences professionals. It hosts an innovative environment for the life sciences industry, with broad research networks, abundant partnership opportunities, first-rate academic institutions, and lower costs.
The analytical instrumentation market in Canada is expected to witness significant growth during the forecast period owing to the ongoing advancements by institutions such as the Ontario University for the development of molecular and companion diagnostics using applications of NGS.
In addition, in July 2021, the Canadian government launched Life Sciences and Biomanufacturing Strategy with funding of more than USD 2.2 billion over 7 years from Budget 2021. This was aimed at boosting the biotechnology sector and safeguarding the country from untoward situations like pandemics.
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Our clientele includes a mix of analytical instrumentation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into Canada analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada analytical instrumentation market size, by product, 2018-2030 (US$M)
Canada Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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