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The laboratory analytical instruments and consumables market size is forecast to increase by USD 18.6 billion at a CAGR of 8.99% between 2023 and 2028. The market is witnessing significant growth due to the emergence of precision proteomics to develop personalized medicine and therapies. This trend is driving the market as personalized medicine is gaining popularity and requires advanced analytical instruments and consumables for accurate and efficient analysis. Technological advances, such as automation and digitalization, are also contributing to market growth by increasing productivity and reducing errors. However, the lack of trained laboratory professionals poses a challenge to market growth, as the operation and maintenance of sophisticated analytical instruments require specialized knowledge and skills. To address this challenge, companies are investing in training programs and partnerships with educational institutions to ensure a steady supply of skilled labor.
Overall, the market is expected to grow steadily due to these factors and the increasing demand for accurate and efficient laboratory analysis in various industries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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