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The scientific instrument market size is forecast to increase by USD 19.97 billion at a CAGR of 5.45% between 2023 and 2028. The market is witnessing significant growth due to several key drivers. One of the primary factors is the increasing investment in the pharmaceutical sector for drug discovery and development. Additionally, the growing adoption of portable scientific instruments in various settings, including hospitals and diagnostic laboratories, is fueling market expansion. However, the lack of adequately trained professionals poses a challenge to the market's growth. Moreover, the public health emergency caused by chronic conditions such as diabetes, respiratory diseases, cardiovascular diseases, and neurological diseases is driving the demand for advanced scientific instruments in healthcare settings. The research segment is also experiencing significant growth due to the increasing focus on developing new therapeutics and treatments for various diseases. Laboratory automation is another trend gaining traction in the market due to its ability to increase efficiency and reduce errors in scientific research and diagnostic processes. The market is poised for growth due to the increasing investment in drug discovery, the adoption of portable instruments, and the growing demand for advanced instruments in healthcare and research settings. However, the lack of trained professionals remains a significant challenge that needs to be addressed to fully capitalize on the market opportunities.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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