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Analytical Laboratory Instruments Manufacturing Set to Surge, Anticipated to Reach $82.5 Billion by 2028 According to BCC Research

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Revolutionizing Decision-Making: Analytical Instruments Drive Swift and Informed Choices Across Industries. Growing Demand in Life Sciences and Miniaturization Propels Global Market Expansion.

BOSTON, Feb. 13, 2024 /PRNewswire/ — “According to the latest BCC Research study, the demand for Analytical Laboratory Instruments Manufacturing: Global Markets is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.”

The comprehensive scope of the report encompasses a detailed analysis of analytical instruments employed in elemental, separation, and molecular analysis. Delving into various end-user industries, including life science, chemical/petrochemical, oil & gas, food testing, and others such as environmental testing, materials, and forensic science, the report offers market size estimations in terms of value ($ millions). Commencing from the base year 2022, the market forecasts extend through 2028. The study further explores growth perspectives across key regions, namely North America, Europe, Asia-Pacific, and RoW, incorporating major countries in each region to elucidate regional growth prospects. Additionally, the report features a dedicated section spotlighting the sustainability landscape of the global analytical laboratory instruments market, evaluating companies’ performance based on various ESG (Environment, Social, and Governance) parameters.

The escalating demand for analytical laboratory instruments is evident in the chemical and petrochemical sector, driven by a strategic response to diminishing fossil fuel reserves. With a heightened focus on increasing production in these industries, the adoption of analytical instruments has become widespread. Furthermore, the pharmaceutical manufacturing sector in India is undergoing a period of remarkable growth, presenting exciting new opportunities for the analytical laboratory instruments market. The surge in the pharmaceutical industry not only reflects increased manufacturing activities but also underscores the need for precise analytical tools to ensure product quality and compliance. Moreover, the global market landscape is poised for transformative changes with the integration of advanced technologies such as nanotechnology and artificial intelligence. This convergence, along with the escalating demand for portable analytical instruments, is set to redefine the game in the analytical laboratory instruments market, paving the way for innovation and efficiency across diverse industries.

Discover the comprehensive insights and strategic implications of this latest research study on the Analytical Laboratory Instruments Manufacturing market. Click here to Learn More.

Key Drivers of Analytical Laboratory Instruments Manufacturing Global Markets

High Growth in the Biopharmaceutical Industry: The biopharmaceutical industry is emerging as a key driver for the analytical laboratory instruments market, experiencing robust growth. As advancements in biotechnology continue to accelerate, there is an increasing demand for sophisticated analytical tools to support the development and manufacturing processes in this sector. Analytical instruments play a crucial role in ensuring the quality, safety, and efficacy of biopharmaceutical products, driving the market forward.

Increasing R&D Spending by Companies: A significant catalyst propelling the analytical laboratory instruments market is the substantial rise in research and development (R&D) investments by companies across various industries. As businesses strive to stay competitive in a rapidly evolving landscape, heightened R&D spending underscores the importance of innovation and technological advancement. The allocation of resources towards research activities fuels the demand for analytical laboratory instruments, as companies seek cutting-edge solutions to enhance their product development and quality control processes. This trend not only stimulates market growth but also reflects a commitment to staying at the forefront of scientific and technological progress.

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Report Synopsis 

Report Metrics

Details

Base year considered

2022

Forecast Period considered

2023-2028

Base year market size

$57.4 billion

Market Size Forecast

$82.5 billion

Growth Rate

CAGR of 6.3% for the forecast period of 2023-2028

Segment Covered

Types, End-User Industry, and Geographic Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World

Countries covered

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, Australia, Africa, and South America

Key Market Drivers

•  High growth in the biopharmaceutical industry

•  Increasing R&D spending by companies

Analytical Laboratory Instruments Manufacturing Global Markets Segmentation:

By Type Segmentation

In the realm of analytical laboratory instruments manufacturing, segmentation by type delineates distinct categories catering to diverse analytical needs. Elemental Analysis Instruments, comprising technologies like atomic absorption spectrometers, mass spectrometers, and X-ray fluorescence analyzers, specialize in discerning the composition and structure of elements within a sample. Molecular Analysis Instruments, including nuclear magnetic resonance spectrometers, infrared spectrometers, and chromatographs, focus on unraveling the molecular structure and properties of substances. Separational Analysis Instruments, encompassing tools such as centrifuges, electrophoresis systems, and filtration devices, excel in segregating components based on their physical or chemical properties. Lastly, the category of Other Instruments encompasses versatile tools like microscopes, balances, and pH meters, which don’t neatly fit into the preceding classifications. This comprehensive segmentation ensures a nuanced understanding of the varied instruments essential for analytical processes across laboratories.

By Application Segmentation:

Application segmentation in the realm of analytical laboratory instruments encompasses a diverse array of sectors and industries, each leveraging these instruments for specific purposes. In the life sciences sector, including biotechnology, pharmaceuticals, medical diagnostics, and genetic engineering, analytical laboratory instruments play a pivotal role in studying biological molecules, cells, tissues, and organisms. The chemical/petrochemical and oil & gas industry relies on these instruments for applications such as chemical synthesis, quality control, environmental monitoring, and exploration and production, enabling the analysis of the composition, purity, and properties of chemicals, fuels, and other materials. In the realm of food testing, instruments contribute to food safety, nutrition, and quality assurance by detecting contaminants, allergens, additives, and nutrients in food products. Water and wastewater applications involve the use of analytical instruments for tasks such as water treatment, measuring water quality, and managing wastewater by analyzing physical, chemical, and biological parameters. Lastly, the ‘Other’ category spans applications in education, research, and forensic science, showcasing the versatility of analytical laboratory instruments across varied domains. This segmentation provides a comprehensive overview of the instrumental role these devices play in addressing the diverse needs of different industries.

This report on Analytical Laboratory Instruments Manufacturing Global Markets provides comprehensive insights and analysis, addressing the following key questions:

1.  What is the projected market size and growth rate of the market? 
     The global analytical laboratory instruments market was valued at $57.4 billion in 2022 and will reach $82.5 billion by 2028.

2.  What are the key factors driving the growth of the market?
     The analytical laboratory instruments market is growing rapidly due to several factors, including increasing demand from pharma and biopharma industry and the increasing adoption in chemical and      petrochemical industry.

3.  What segments are covered in the market?

TypeApplicationRegion

4.  By application, which segment will dominate the market by 2028?
     Life science applications dominated the market and are expected to reach $29.2 billion by 2028.

5.  Which region has the highest market share in the market?
     North America holds the highest market share in the market in terms of region.

Some of the Key Market Players Are:

AGILENT TECHNOLOGIES INC.AMETEK INC.AVANTOR INC.BRUKERDANAHER CORP.HITACHI LTD.JEOLLECO CORP.MALVERN PANALYTICAL LTD.METTLER-TOLEDOPERKINELMER INC.SHIMADZU CORP.THERMO FISHER SCIENTIFICWATERS CORP.ZEISS GROUP

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com. 

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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SOURCE BCC Research LLC

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The Hottest Dog Bronchial Health Supplement on Shopee in 2024

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3 hours ago

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November 10, 2024

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SEOUL, South Korea, Nov. 10, 2024 /PRNewswire/ — As a dog owner, you may have often heard your furry friend coughing, whether it’s a dry hack or a honking sound. Though it might seem trivial, these coughs can cause serious discomfort for your furry friend and create anxiety for you as a caring pet parent.

DOCTORBY’s BREATH CARE is a nutritional supplement designed to support bronchial health in dogs, currently gaining attention among many pet owners on Shopee.

Coughing in dogs can be triggered by various factors, including temperature fluctuations, strong air conditioning, and dust or debris inhaled during walks. Additionally, as dogs age, their bronchial immunity can weaken, leading to potential health issues.

BREATH CARE contains a blend of functional ingredients like the plant-based complex extract TF-343, magnesium, and propolis, which can help alleviate respiratory issues such as coughing and support the elimination of waste accumulated in the bronchial passages.[1] With a taste dogs love, it doubles as a treat, making it incredibly easy for pet owners to administer. Furthermore, it has passed heavy metal and toxicity tests, ensuring safety without the use of synthetic sweeteners or colorings.

Currently, BREATH CARE ranks as one of the top products in Shopee’s pet nutrition and supplement category. In May 2024, it achieved the number one sales position in the pet nutrition category on Shopee Singapore, garnering immense popularity. Shopee has reported a staggering 3,000% growth in sales compared to 2023. Notably, DOCTORBY has not only topped the charts on Shopee but has also held the number one position on Amazon Japan for 22 consecutive weeks, establishing itself as a leader in the South Korean pet nutrition market and rapidly expanding in the global market.

For cat owners, the cat-specific bronchial supplement, CAT BREATH CARE, is also enjoying tremendous popularity. Additionally, DOCTORBY offers a variety of health supplements, including ‘SKIN & COAT’ for skin support, ‘EYES CARE’ for eye health and tear stain improvement, and ‘HAIRBALL CARE’ to assist with hairball elimination in cats. In Singapore, DOCTORBY products are exclusively available on Shopee.

Enjoy fast delivery via Shopee’s reliable fulfillment services, with most orders arriving within 2 to 3 days for a satisfying shopping experience. Shopee also hosts monthly promotional events, such as Double Day and Pay Day, offering a range of exciting deals. Moreover, a special Mega Day event is planned for November 11, promising additional benefits for shoppers.

[1] Korean J. Food Sci. Technol. Vol.35, no.5, pp980-987 (2003)

 

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SOURCE DOCTORBY

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LG Display Succeeds in Developing World’s First Stretchable Display that Expands by 50 Percent

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4 hours ago

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November 10, 2024

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SEOUL, South Korea , Nov. 9, 2024 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today its unveiling of the world’s first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project.

Stretchable displays are seen as the ultimate free-form screen technology because they can be freely transformed into any shape, including by stretching, folding, and twisting.

The new prototype features a 12-inch screen that stretches up to 18 inches, while simultaneously delivering a high resolution of 100ppi (pixels per inch) and full red, green, and blue (RGB) color.

Compared to the first Stretchable display prototype unveiled in 2022, the new panel’s maximum elongation rate has more than doubled from 20% to 50%. This enhanced stretchability enables various display design possibilities, raising the technology’s potential competitiveness when commercialized.

By applying a number of new technologies, such as improving the properties of a special silicon material substrate used in contact lenses and developing a new wiring design structure, LG Display improved the panel’s stretchability and flexibility, exceeding the original national project’s target of 20% elongation.

In addition, by using a micro-LED light source of up to 40μm (micrometers), the new prototype’s strengthened durability means it can be repeatedly stretched over 10,000 times, maintaining clear image quality even in extreme environments such as exposure to low or high temperatures and external shocks.

Stretchable displays are not only thin and lightweight but also capable of adhering to irregularly curved surfaces like clothing and skin. They are expected to be widely applied in various industries, from fashion and wearables to mobility.

The company showcased numerous concepts for the application of Stretchable displays, including an automotive panel that stretches out into a convex shape and can be operated by hand as well as a wearable display attached to firefighters’ uniforms that provides real-time information.

LG Display was selected as the lead company for the national project to develop Stretchable displays in 2020 and since then has been conducting joint R&D with 19 domestic industry and research institutes. It is one of the major tasks of a wider project to develop core technologies for next-generation displays promoted by South Korea’s Ministry of Trade, Industry and Energy (MOTIE) along with the Korea Planning & Evaluation Institute of Industrial Technology.

By successfully completing the project, LG Display has not only secured core technologies that can lead the next-generation display market but also contributed to localizing materials, components, and equipment as well as building an R&D infrastructure.

“We will continue to build a sustainable future display ecosystem through close cooperation between South Korean industry, academia, and research stakeholders,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

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Stay Better in China: Tell the Beautiful China to the World

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4 hours ago

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November 10, 2024

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NANCHANG, China, Nov. 9, 2024 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): Komurcu Busra, an international student from Nanchang University, talks about her life in China. She felt the simplicity of Chinese countryside and pure beauty of nature here. She wants to tell the beautiful China to the world.

https://www.youtube.com/watch?v=vQGbRJc4ncc

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SOURCE Jiangxi International Communication Center(JXICC)

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