European Life Science Instrumentation Market Size, Share and Forecast 2021-2027
The European life science
instrumentation market is projected to grow at a significant CAGR
of around 6.1% during the forecast period (2021-2027). The significant growth
in the healthcare infrastructure coupled presence of key biopharmaceutical
companies such as GlaxoSmithKline and other major biopharmaceutical companies
in Europe keeps it at a leading position in the global life science industry.
The healthcare expenditure of Germany and Sweden comprises of a total 11.1%
each of their total GDP. Similarly, France comprises 11% healthcare expenditure
out of total GDP, followed by UK, Spain Italy, and other European countries.
Healthcare expenditure plays a crucial role in the development of new
technology and devices in the healthcare sector. As the spending in the
R&D is rising, the healthcare sector is also estimated to increase, thereby
promoting the growth of the life science instrumentation market during the
forecast period.
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Moreover, Significant public funding
in cell culture techniques and stem cell projects have been observed in the EU
in the last decade that further encourages the demand for life science research
coupled with significant adoption of life science instrumentation in the
region. As per the German Stem Cell Network (GSCN) report, three economies of
the region were successful in raising money for stem cell research cooperation
projects within the EU health program 2007-2013. These economies include UK,
Germany, and Sweden. Moreover, the report reveals that UK researchers were
particularly successful in acquiring EU money, with $164 million raised. At the
same time, German stem cell researchers received $161 million and Sweden $49
million.
A
full Report of European Life Science Instrumentation Market is Available
at: https://www.omrglobal.com/industry-reports/european-life-science-instrumentation-market
·
Chromatography
·
Spectroscopy
·
Polymerase
Chain Reaction (PCR)
·
Clinical
Chemistry Analyzers
·
Immunoassays
·
Next-Generation
Sequencing (NGS)
·
Flow
Cytometry
·
Microscopy
·
Others
(Centrifuges, Electrophoresis)
By End-User
·
Pharmaceutical
& Biotechnology Companies
·
Research
Institutes
·
Hospitals
and Laboratories
European Life
Science Instrumentation Market – Segmentation by Geography
·
UK
·
Germany
·
France
·
Italy
·
Spain
Rest of
Europe
Company Profiles
·
Biomerieux
S.A.
·
Carl
Zeiss AG
·
Danaher
Corp.
·
Eppendorf
AG
·
General
Electric Co.
·
Illumina,
Inc.
·
Merck
KGaA
·
QIAGEN
N.V.
·
Thermo
Fisher Scientific Inc.
·
Tecan
Trading AG
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