Global Life Science Tools Market Report 2023: Market to Reach $258.6 Billion by 2030 – Players Pursue Product Launch & Innovation to Stay Relevant in Competitive Life Science Tools Market
Global Life Science Tools Market to Reach $258.6 Billion by 2030
The global market for Life Science Tools estimated at US$133 Billion in the year 2022, is projected to reach a revised size of US$258.6 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.
Cell Biology, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$82.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Genomics segment is readjusted to a revised 8.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $48.4 Billion, While China is Forecast to Grow at 13% CAGR
The Life Science Tools market in the U.S. is estimated at US$48.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.1 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 8.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
Looking Ahead to 2023
Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
Key Topics Covered:
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 295 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/9fh945-science?w=5
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