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$33.6 Billion Worldwide Scientific Instruments Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

·2-min read

The "Scientific Instruments - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 6th edition of this report. The 130-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Scientific Instruments Market to Reach $43.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Scientific Instruments estimated at US$33.6 Billion in the year 2020, is projected to reach a revised size of US$43.8 Billion by 2027, growing at a CAGR of 3.9% over the period 2020-2027.

Laboratory Analytical Instruments & Consumables, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$30.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Measuring & Monitoring Devices segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 3.7% CAGR

The Scientific Instruments market in the U.S. is estimated at US$9.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2027 trailing a CAGR of 3.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Competitors identified in this market include, among others:

  • Agilent Technologies, Inc.

  • Bruker Corporation

  • Danaher Corporation

  • Horiba Ltd.

  • PerkinElmer, Inc.

  • Thermo Fisher Scientific, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Scientific Instrument Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/nysurt

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005523/en/

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