PUBLISHER: Market Research Future | PRODUCT CODE: 1525917
PUBLISHER: Market Research Future | PRODUCT CODE: 1525917
India Life Science & Analytical Instruments Market Research Report Information by Instrument Type (Sterilizers, Bioreactors, Washers, Isolators, Aseptic Transfer Equipment, and Others), by Application (Clinical and Diagnostics, Research, and Others), and by End User (Pharmaceutical and Biotechnology Companies, Hospitals and Diagnostic Laboratories, and Others) - Forecast till 2032
In 2023, the India Life Science and Analytical Instruments market was estimated at USD 0.27 billion. The India Life Science and Analytical Instruments market is expected to increase from USD 0.30 billion in 2024 to USD 0.73 billion by 2032, with a compound yearly growth rate (CAGR) of 10.40% over the forecast period.
Rising demand for analytical instruments in various sectors is one of the primary drivers of India's life science and analytical instruments market. Similarly, rising pharmaceutical R&D expenditure and increased usage of technologically based life sciences and analytical equipment are supporting India's market expansion throughout the study period.
There is an increasing demand for analytical tools in industries such as pharmaceutical and biotechnology businesses, hospitals, and diagnostic laboratories. Pharmaceutical and biotechnology businesses in India are implementing proper laboratory instruments to help with drug discovery. The growing need for small-molecule medications, novel biologics, regenerative pharmaceuticals, and biopharmaceuticals expands the need for analytical apparatus in the pharmaceutical and biotechnology industries. Furthermore, various trends in the pharmaceutical and biopharmaceutical sectors contribute to market growth. Rapid approvals of novel treatments, increased investment in cell and gene therapy, investments by biotech businesses, contract research organizations (CROs), and contract manufacturing organizations (CMOs) are among the developments. Furthermore, the growing prevalence of infectious diseases in India necessitates the employment of analytical tools for research purposes in research and academic institutions. In Europe, researchers are studying developing and reemerging infectious diseases such as HIV, chikungunya, influenza, hepatitis B, hepatitis C, and dengue.
Market Segment insights
Sterilizers, bioreactors, washers, isolators, aseptic transfer equipment, and others are among the instrument types in India's Life Science & Analytical Instruments market. The others segment had the greatest market share in 2022, with bioreactors being the fastest-growing segment throughout the forecast period.
Clinical and diagnostics, research, and others are among the application segments in India's Life Science & Analytical Instruments market.
Pharmaceutical and biotechnology businesses, hospitals and diagnostic laboratories, and others are among the end users in India's Life Science and Analytical Instruments market.
Notable players
Getinge (Sweden), Shimadzu Corporation (Japan), Sartorius AG (Germany), Pharmalab India Private Limited (India), Thermo Fisher Scientific Inc (US), Agilent Technologies Inc (US), QIAGEN (Germany), PerkinElmer, Inc. (US), Bio-Rad Laboratories, Inc. (US), and STERIS plc (Ireland) are among the key players in the India Life Science & Analytical Instruments market.