North America Analytical Instrumentation Market Size & Outlook
North America analytical instrumentation market, 2018-2030 (US$M)
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North America analytical instrumentation market highlights
- The North America analytical instrumentation market generated a revenue of USD 25,218.9 million in 2023.
- The market is expected to grow at a CAGR of 3.6% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 25,218.9 million |
| Market revenue in 2030 | USD 32,215.1 million |
| Growth rate | 3.6% (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, North America region accounted for 45.9% 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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North America 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 54.69% in 2023. Horizon Databook has segmented the North America analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for analytical instruments in North America has witnessed remarkable growth in recent years, fueled by various factors. Advancements in industries such as pharmaceuticals, biotechnology, environmental monitoring, and food & beverage have led to a surge in the need for precise and sophisticated analytical tools.
Moreover, increasing regulatory requirements and quality control standards have compelled businesses to adopt cutting-edge instruments for accurate data analysis. The region's emphasis on R&D, coupled with a growing focus on data-driven decision-making, has further boosted the demand.
Moreover, the growing interest in various fields such as personalized medicine and genomics has driven the expansion of analytical instrumentation market, making North America a key global player in this dynamic industry.
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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 North America analytical instrumentation market , including forecasts for subscribers. This continent databook contains high-level insights into North America analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America analytical instrumentation market size, by country, 2018-2030 (US$M)
North America Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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