According to the latest report by IMARC Group, titled “North America Scientific Instruments Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the North America scientific instruments market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.3% during 2021-2026. Scientific instruments are a range of laboratory equipment specifically designed for scientific purposes. These devices can differ according to their size, complication, and shape. Scientific instruments offer various functionalities and features, including resolution, parameter adjustments, analysis, data sampling, storage, collection and retrieval. They are widely utilized by research institutions to conduct precise research procedures and refurbish existing products.

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Market Trends:

The growth of the North America scientific instruments market can be attributed to the rising demand for these tools and devices across industries, such as healthcare and pharmaceutical. In line with this, increasing investments in research and development (R&D) is acting as another major growth-inducing factor. For instance, in the healthcare industry, there is a steadily rising demand for these devices, including incubators, thermal cyclers, microarray scanners and microplate dispensers, which is contributing to the market growth. Moreover, various technological advancements, such as the incorporation of scientific instruments with artificial intelligence (AI) and micro-technologies, are also creating a positive outlook for the market across the region.

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Key Market Segmentation:           

Breakup by End-Use:

  • Industrial
  • Government Institutes
  • Academics

Breakup by Type:

  • Scientific Clinical Analysers
  • Scientific Analytical Instruments

Competitive Landscape with key players:

The competitive landscape of the market has also been analyzed along with the profiles of some of the leading key players operating in the market.

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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