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UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

United States Analytical Laboratory Instruments Market by Type (Elemental Analysis Instruments, Molecular Analysis Instruments, Separation Analysis Instruments, Other Types) Market by End-user (Diagnostic Centers & Hospitals, Pharmaceutical, Research & Academic Institutes, Biotechnology, Chemical/petrochemical and Oil & Gas, Food Testing, Other End-users)


MARKET OVERVIEW

The United States analytical laboratory instruments market growth is anticipated to progress at a CAGR of 5.26% during the forecast period, 2024-2032, and is set to register a revenue of $27976.19 million by 2032.

The analytical laboratory instrument market in the United States is thriving, propelled by significant demand from the chemical, petrochemical, and life science sectors, as well as the presence of regional market players. With the U.S. hosting 40% of the global ethane-based petrochemical production capacity, it has reaffirmed its position as a cost-effective hub for chemical production. According to the American Chemistry Council, the chemical industry stands as America’s largest exporting sector, achieving a total value of $179 billion in 2022. Additionally, the U.S. market receives support from the food and beverages sector, encompassing more than 30,000 facilities. 

These facilities, ranging from large red meat processing units to small family-owned bakeries, participate in varied manufacturing processes, offering viable avenues for decarbonization and opportunities for industry-specific research and development. Despite being energy and emissions-intensive, accounting for 6% of total industrial emissions, this sector remains dynamic, propelled by various factors, with cutting-edge technologies and a shift towards personalized healthcare leading the way.

United States Analytical Laboratory Instruments Market

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The United States analytical laboratory instruments market segmentation includes end-user and type. The end-user segment includes biotechnology, chemical/petrochemical and oil & gas, pharmaceutical, diagnostic centers & hospitals, food testing, research & academic institutes, and other end-users.

Ensuring food safety remains a paramount concern for consumers, and the testing of food products in laboratories plays a crucial role in maintaining safety and quality control. Food testing laboratories employ advanced analytical techniques to bolster a responsible food regulatory system. The provision of reliable, valid, and timely results is imperative for regulatory surveillance and monitoring. The efficient procurement of equipment and supplies is pivotal for maintaining the quality of laboratory services. Food analysts face the challenge of selecting appropriate equipment for regulatory compliance, and the task is complicated by the rapid changes in technology and associated procurement costs.

The field of food safety testing utilizes various technologies to identify risk factors associated with food consumption. Government-organized agencies rigorously scrutinize food products to ensure compliance with regulations. As global supply chains grow more complex, the potential for contamination increases at various stages, posing heightened health risks. Both national regulators and industry stakeholders advocate for enhanced monitoring and increased testing to mitigate consumer health risks and ensure the continued safety of the food supply.

In pharmaceutical settings, analytical laboratory instruments serve diverse purposes such as quality control, research, and development. Their crucial role lies in ensuring the safety, efficacy, and consistency of pharmaceutical products. Common instruments in this industry include Mass Spectrometers, used for purifying, quantifying, identifying, and determining chemical compounds; High-Performance Liquid Chromatography (HPLC), a leading method in pharmaceutical discovery for accurate and rapid analysis in drug development and quality control; Gas Chromatography (GC), frequently applied for quality control to analyze the chemical components of drugs for purity and quantity of ingredients; and Spectrophotometers, essential for quantitative estimation of substances in pharmaceutical analysis

Some of the eminent companies in the United States analytical laboratory instruments market are Avantor, Agilent Technologies, AMETEK, etc.

Agilent Technologies, Inc (Agilent) is a provider of analytical instruments, reagents, and consumables utilized in laboratory processes. Additionally, it offers associated software and services. The company’s primary focus lies in scientific research, patient diagnostics, and safety testing for water, food, and pharmaceuticals. Its product range encompasses mass spectrometry, microarray solutions, flow cytometry, vacuum technologies, and other related offerings. Agilent serves diverse industries, including contract research organizations (CROs), contract manufacturing organizations (CMOs), pharmaceuticals, diagnostics, applied materials, and chemicals. 

With a significant global presence, Agilent has established sales offices, logistics centers, R&D facilities, and business operations worldwide. The company markets its products through a network that includes direct sales agents, distributors, resellers, manufacturers’ representatives, and electronic commerce. Agilent’s headquarters is located in Santa Clara, California, the US.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million) 
Segments Analyzed
Type and End-User
Countries AnalyzedThe United States
Companies AnalyzedAgilent Technologies, AMETEK, Avantor, Bruker, Danaher Corporation (SCIEX), LECO Corporation, Mettler-Toledo, PerkinElmer, Waters Corporation
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS 
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
    6. MAJOR MARKET FINDINGS
      1. ELEMENTAL ANALYSIS INSTRUMENTS CONSTITUTE THE HIGHEST MARKET SHARE BY TYPE
      2. DIAGNOSTIC CENTERS AND HOSPITALS ARE THE MAJOR END-USERS 
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING UTILIZATION ACROSS THE CHEMICAL AND PETROCHEMICAL SECTORS
      2. ADVANCEMENT IN TECHNOLOGIES
      3. ROBUST EXPANSION IN THE PHARMACEUTICAL AND BIOPHARMACEUTICAL SECTORS
    2. KEY RESTRAINTS
      1. ELEVATED EXPENSES ASSOCIATED WITH COMPONENTS AND INSTRUMENTS
      2. INSUFFICIENTLY TRAINED LABORATORY PROFESSIONALS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. DOWNSIZING OF ANALYTICAL INSTRUMENTS FOR ENHANCED EFFICIENCY AND FUNCTIONALITY
      2. INCORPORATION OF AI
      3. NANOTECHNOLOGICAL ADVANCEMENTS IN CHROMATOGRAPHY
    2. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENTAL
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RESEARCH AND DEVELOPMENT ALONG WITH REGULATORY APPROVAL
      2. RAW MATERIAL PROCUREMENT
      3. MANUFACTURING
      4. DISTRIBUTION
  5. MARKET BY TYPE
    1. ELEMENTAL ANALYSIS INSTRUMENTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. MOLECULAR ANALYSIS INSTRUMENTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. SEPARATION ANALYSIS INSTRUMENTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY END-USER
    1. DIAGNOSTIC CENTERS & HOSPITALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. PHARMACEUTICAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. RESEARCH & ACADEMIC INSTITUTES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. BIOTECHNOLOGY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. CHEMICAL/PETROCHEMICAL AND OIL & GAS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. FOOD TESTING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AGILENT TECHNOLOGIES
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. AMETEK
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. AVANTOR
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. BRUKER
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. DANAHER CORPORATION (SCIEX)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. LECO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. METTLER-TOLEDO
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. PERKINELMER
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. WATERS CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ANALYTICAL LABORATORY INSTRUMENTS

TABLE 2: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: LIST OF ACQUISITIONS

TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 9: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023

FIGURE 6: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY ELEMENTAL ANALYSIS INSTRUMENTS, 2024-2032 (IN $ MILLION)

FIGURE 7: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY MOLECULAR ANALYSIS INSTRUMENTS, 2024-2032 (IN $ MILLION)

FIGURE 8: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY SEPARATION ANALYSIS INSTRUMENTS, 2024-2032 (IN $ MILLION)

FIGURE 9: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY OTHER TYPES, 2024-2032 (IN $ MILLION)

FIGURE 10: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 11: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY DIAGNOSTIC CENTERS & HOSPITALS, 2024-2032 (IN $ MILLION)

FIGURE 12: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY PHARMACEUTICAL, 2024-2032 (IN $ MILLION)

FIGURE 13: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY RESEARCH & ACADEMIC INSTITUTES, 2024-2032 (IN $ MILLION)

FIGURE 14: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY BIOTECHNOLOGY, 2024-2032 (IN $ MILLION)

FIGURE 15: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY CHEMICAL/PETROCHEMICAL AND OIL & GAS, 2024-2032 (IN $ MILLION)

FIGURE 16: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY FOOD TESTING, 2024-2032 (IN $ MILLION)

FIGURE 17: UNITED STATES ANALYTICAL LABORATORY INSTRUMENTS MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

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