Life Science Tools Market Size Worth $84.4 Billion by 2026 | CAGR: 8.7%: Grand View Research, Inc.

Life Science Tools Market Size Worth $84.4 Billion by 2026 | CAGR: 8.7%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, May 14, 2020

SAN FRANCISCO, May 14, 2020 /PRNewswire/ -- The global life science tools market size is expected to reach USD 84.4 billion by 2026, expanding at a CAGR of 8.7% over the forecast period, according to a new report by Grand View Research, Inc. Technological advancements in different life science tools are expected to enhance their adoption among prominent end users of the market, thereby leading to the market growth. For instance, improvements in quantitative accuracy, MS resolution, and information sciences have enhanced the accuracy and utility of mass spectrometry-based methods in the field of proteomics.

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Key suggestions from the report:

Read 185 page research report with ToC on "Life Science Tools Market Size, Share & Trends Analysis Report By Technology (Cell Biology, Genomics), By Product (Flow Cytometry, Separation Technologies), By End Use, By Region, And Segment Forecasts, 2020 - 2026" at:

In addition, rise in demand and growth of gene and cell therapies is expected to provide new growth avenues to the market. The recent publications of the U.S. FDA state that the agency expects more than 200 applications annually to carry out trials for cell and gene therapies by 2020. The FDA expects to approve 10-20 novel gene therapy products annually by 2025.

The key market players are continuously enhancing their life science divisions to capitalize on the lucrative opportunities offered by the market. For instance, Thermofisher Scientific increased its R&D expenditure by 9% in 2018 to develop innovative products that complement its existing portfolio. The company offers a wide range of life science tools including nucleic acid purification solutions, flow cytometry instruments, sequencing solutions, thermal cyclers, and other laboratory supplies.

Grand View Research has segmented the global life science tools market on the basis of technology, products, end use, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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