U.S. Analytical Instrumentation Market Size & Outlook
U.S. analytical instrumentation market, 2018-2030 (US$M)
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U.S. analytical instrumentation market highlights
- The U.S. analytical instrumentation market generated a revenue of USD 23,348.6 million in 2023 and is expected to reach USD 29,603.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.4% 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 23,348.6 million |
| Market revenue in 2030 | USD 29,603.4 million |
| Growth rate | 3.4% (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, U.S. accounted for 42.5% 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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U.S. 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 54.64% in 2023. Horizon Databook has segmented the U.S. analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Many market players in the U.S. are engaged in continuously developing advanced tools for life sciences research. Presence of innovators and key market players has resulted in higher penetration of products in the country. Furthermore, presence of a structured environment for usage and approvals of tissue & genomics diagnostic tests, local presence of key companies, such as PerkinElmer, Thermo Fisher Scientific, & Agilent, and a comprehensive distribution network within the country are boosting market growth.
In March 2022, Thermo Fisher Scientific launched a novel collection of qPCR biopharma to help fast-track drug development to meet the increasing demand for new biologics. The QualTrak wideranging suite of qPCR tools comprises the finest selection of Applied Biosystems solutions, with 7 Pro Real-Time PCR Systems and QuantStudio, TaqPath, & TaqMan assays and master mixes, to accurately and consistently support the biopharma industry from discovery to postapproval manufacturing.
Recently, in August 2021, Agilent Technologies launched COVID-19 Severity Test Screening using Agilent Cary 630 FTIR Spectrometer. In addition, introduction of automated solutions is anticipated to increase the adoption of various analytical instruments among end users.
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Target buyers of U.S. 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. analytical instrumentation market outlook size, by product, 2018-2030 (US$M)
U.S. Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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