Global Laboratory Analytical Instruments Market 2017-2021

Laboratory analytical instruments market outlook 

The global laboratory analytical instruments market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The growing number of innovations in the field of life sciences will drive the growth prospects for the global laboratory analytical instruments market until the end of 2021.

Laboratory analytical instruments market drivers

It has been observed that some of the major factors responsible for the growing consumption of laboratory analytical equipment solutions include the increasing rate of chronic diseases, aging population, population growth, growing life expectancy, and higher disposable income. In addition, according to the industry research report, with the growing focus of several US-based life sciences companies within Africa and South America on the expansion of geographical reach, the growth and investment opportunities for vendors in the market will surge in the coming years. Furthermore, the increasing focus on divestiture activities and mergers and acquisitions will propel the global laboratory analytical instruments market value.