According to a new report published by Allied Market Research, titled, โLife Science Instrumentation Market: Opportunity Analysis and Industry Forecast, 2019-2026,” The life science also referred as biological sciences includes the branches of science that mainly involve the scientific study of life and the organisms such as plants, microorganisms, and animals including human beings. It is one of the two major branches of natural science. Life sciences focus on aspects common to all or many life forms, such as anatomy and genetics. Furthermore, the micro scale is also an important aspect in the Life Sciences such as, molecular biology, biochemistry, and additionally, it can also be extended on larger scales such as cytology, ethology, immunology, pharmacy, ecology. Life science is a broader term and can be used in the identification of various parameters to help in the development of new products, which can assist in the wellbeing of human beings, and other living organisms.
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COVID-19 Scenario Analysis
Coronavirus disease 2019 (COVID-19) is pandemic which has created a havoc for all the communities throughout the globe. Further more, the rise in the cases of coronavirus-2 lead the government to enforce the lockout of every part of the region, causing the decline in the revenue generated. The Covid-19 pandemic has an adverse impact on the healthcare system, which is causing about 50% to 70% drop in revenue from March and hence affecting every individual. There are many small hospitals, clinics and nursing homes, which have been declared to shut their operations, due to which the surgical procedures have also decreased. However, visa cancellations have led to a reduction in medical tourism and can adversely impact the healthcare services market growth.
The key factors which are anticipated to boost the market include, rise in the expenditure on the R&D by biotechnology and pharmaceutical companies. Additionally, increase in public and private funding for the life science research and surge in the incidences of the target diseases and the genetic disorders would help the market propel in the industry in the near future. The rise in demand for the analytical instruments is anticipated to help the market grow in the forecast period. However, the dearth in the skilled professionals may impede the market growth in the next few years.
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The key players profiled in this report include Becton, Dickinson and Company, Agilent Technologies, Bio-Rad Laboratories, Inc., Eppendorf AG, Thermo Fisher Scientific, Inc., Hitachi High-Technologies Corporation, Horiba, Merck KGaA, PerkinElmer, Inc., Qiagen N.V., Danaher Corporation, Shimadzu Corporation, GE Healthcare, Waters Corporation, and Bruker Corporation.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the global life science instrumentation industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Life Science Instrumentation market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Life Science Instrumentation market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the Life Science Instrumentation market.
- The report provides a detailed global Life Science Instrumentation market analysis based on competitive intensity and how the competition will take shape in coming years.
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