Europe Analytical Instrumentation Market Size & Outlook
Europe analytical instrumentation market, 2018-2030 (US$M)
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Europe analytical instrumentation market highlights
- The Europe analytical instrumentation market generated a revenue of USD 14,754.5 million in 2023.
- The market is expected to grow at a CAGR of 3% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 14,754.5 million |
| Market revenue in 2030 | USD 18,192.2 million |
| Growth rate | 3% (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, Europe region accounted for 26.8% 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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Europe 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 55.01% in 2023. Horizon Databook has segmented the Europe analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
European countries have long been at the forefront of scientific research and industrial development. The need for accurate and sophisticated analytical instruments has increased across various fields, including pharmaceuticals, biotechnology, environmental sciences, and materials research. The healthcare sector's growing demand for analytical instruments is driven by the need for accurate diagnostic tools, personalized medicine, and advancements in medical research.
Europe places significant emphasis on environmental protection and sustainability. Analytical instruments are crucial for monitoring pollutants, analyzing air & water quality, and conducting research on climate change. The European analytical instruments market benefits from continuous innovation, leading to the development of cutting-edge instruments with improved capabilities and accuracy.
Overall, the increasing demand for analytical instruments in European countries is fueled by a combination of scientific advancements, regulatory requirements, and a commitment to research and technological progress. This demand is expected to continue growing as industries seek to stay competitive and ensure sustainable and high-quality practices.
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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 continent-level data and insights on the Europe analytical instrumentation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe analytical instrumentation market outlook size, by country, 2018-2030 (US$M)
Europe Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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