October 2024
The global biotechnology instruments market size was estimated at US$ 90.06 billion in 2023 and is projected to grow US$ 132.8 billion by 2033, rising at a compound annual growth rate (CAGR) of 3.96% from 2024 to 2033. The rising research and development in biotechnology, healthcare, and pharmaceutical industries is driving the market’s growth.
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The biotechnology instruments market deals with the production and distribution of biotechnology instruments for utilization in the biotechnology, healthcare, and pharmaceutical industries. Several types of equipment are used in biotechnology, depending on the goal of the lab. Research labs for biotechnology are in the vanguard of scientific advancement, continuously stretching the limits of what is practical in disciplines like environmental science, agriculture, and medicine. Some of the most advanced tools and technology available are kept in these labs, enabling scientists to carry out their research and produce ground-breaking findings.
It is crucial for biotech research labs to have the proper equipment, and this cannot be emphasized enough. For doing research, evaluating information, and eventually producing groundbreaking scientific discoveries, this apparatus is essential. Researchers would be unable to perform their tasks precisely or effectively without the required equipment. Furthermore, in the quick-paced field of biotech research, possessing cutting-edge technology might provide a competitive edge and draw in top personnel and possible partners. As a result, the success of every biotech research facility depends on making the correct equipment investments.
| Company Name | Merck |
| Headquarters | New Jersey, U.S. |
| Pipeline | In April 2024, the launch of the Merck Biotechnology Learning Center at Gateway Research Park in Greensboro, North Carolina, was announced today by Merck, which is known as MSD outside of the US and Canada, and North Carolina Agricultural and Technical State University. Modern biopharmaceutical production equipment, a process laboratory, and classroom space are all featured in the 4,025-square-foot Merck Biotechnology Learning Center. Students and Merck trainees can strengthen academic programs and prepare for careers in biotechnology by participating in enhanced research possibilities and hands-on learning at the Learning Center. |
| Company Name | Ori Biotech |
| Headquarters | New Jersey, U.S. |
| Pipeline | In May 2024, Ori Biotech feels it's poised to make a splash in the field of gene and cell therapy, having spent the last five years establishing an automated manufacturing platform. The IRO platform, a manufacturing technology developed by Ori with cost and space efficiency in mind, was unveiled on Wednesday. The technology, according to the business, may move between projects at different phases of development because of its flexibility. |
Additionally, cutting-edge technologies exist that can significantly improve biotech research. Among these are next-generation sequencing (NGS) instruments, which have completely changed the way researchers examine DNA and RNA. Deeper knowledge of genetic variants and gene expression is made possible by the fast sequencing of millions of DNA fragments at once by NGS equipment. A further illustration is the gene editing technology CRISPR-Cas9, which has created new avenues for genetic engineering and the treatment of illness. Through the provision of in-depth molecular analysis and data processing, other cutting-edge technologies such as mass spectrometry, microfluidics, and bioinformatics software also play crucial roles in biotech research.
Since even a small failure might interfere with studies and produce unreliable findings, regular maintenance plans should be created to guarantee that all equipment is operating at peak performance, parts must be replaced as needed, and the area must be cleaned and calibrated during this procedure. It requires time and training to assign a specific individual or team to maintain the equipment. Equipment upkeep requires significant financial and material resources.
The use of robots and automation in laboratory operations is one subject that has attracted a lot of attention lately. Thanks to these developments, tests may be conducted without human assistance around the clock and with more efficiency and fewer mistakes. Furthermore, we should anticipate seeing more ecologically friendly lab procedures and equipment created as the need for sustainable practices grows. The focus of biotech research lab equipment in the future will be on sustainability and innovation, from energy-efficient machinery to biodegradable materials.
By product, the analytical instruments segment held the largest biotechnology instruments market share in 2023. The biotech business encompasses a multitude of vocations. Analytical tools used in biotechnology labs are among them. Finally, there is a machine that is responsible for examining samples of live organisms, including RNA, proteins, cells, and DNA. These tools help in the development of novel medical procedures and medications as well as research and analysis of gene function. These devices are critical. Their advancement in medicine and the ability to cure the most complicated human problems makes biotech experts possible. Your industrial processes and system will profit from the many advantages of implementing analytical instruments. Ensuring constant quality and minimizing mistakes, an analytical instrument offers precise and accurate readings.
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By product, the cell culture instruments segment is expected to grow at the fastest rate during 2024-2033. A few essential pieces of equipment and some basic reagents are needed in order to undertake basic cell culture protocols and conduct research involving cell culture operations. Probably the most crucial piece of equipment for cell culture is a biosafety cabinet, also known as a laminar flow hood. When used properly, it shields the user from aerosols and offers a clean working environment for the product.
For cell cultures to flourish, an environment that is tightly regulated is necessary. Incubators for cell cultures are widely used to consistently and carefully supply the ideal growth conditions, including temperature, humidity, and CO2 levels. From basic dishes and slides to systems for cultivating and tracking cultures, all cultures require certain tools and materials. Fittings and consumables are needed for fermenters and bioreactors. Grid templates and colony counts come in very handy for monitoring developing cultures. Cells can be grown in a well-equipped cell culture facility for use in pharmaceutical development, biological research, or the production of medications and vaccines.
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By end-use, the pharmaceutical & biotechnology companies segment dominated the biotechnology instruments market in 2023. While particular equipment may differ from region to region, some equipment is universally utilized in laboratories for biotechnology and pharmaceuticals. These include centrifuges, incubators, laminar airflow, hot air ovens, microscopes, analyzers, shakers, mixers, autoclaves, thermocyclers, electrophoresis machines, PCR machines, and a variety of other equipment. Examine every secondhand biotechnology lab equipment available, such as tablets and food testing devices. This apparatus is used for the development and testing of pharmaceuticals and other medical supplies. In addition, equipment is required for ongoing development and research, as well as tests involving cell culture and biomolecules.
By region, North America dominated the biotechnology instruments market in 2023. Because of variables such as the growing number of biotechnology research-related activities and the rising incidence of chronic illnesses in the area, North America is anticipated to have a sizable market share in the analyzed industry. Furthermore, it is anticipated that the strategic actions and presence of major market competitors in this area would quicken the rate of market expansion. Furthermore, it is anticipated that the strategic actions and presence of major market competitors in this area would quicken the rate of market expansion. The two major countries that contribute to the growth of the biotechnology instruments market in the region are the U.S. and Canada.
As per the FAO's estimation, an additional 60% of food must be produced by 2050 in order to sustain the 9.3 billion people that inhabit the planet. Food needs to be plentiful and nourishing. Poor nutrition is a major cause of sickness in the United States, accounting for 600,000 deaths annually and raising the risk of heart disease, diabetes, and obesity. In addition, it has wider effects, such as increased healthcare expenses and lost productivity. An estimated 48 million illnesses and 3,000 fatalities are attributed to foodborne diseases in the U.S. annually. Biotechnology and biomanufacturing have the potential to enhance productivity and promote the creation of sustainable food sources such as new crops and protein sources. These sources can complement the present food system and aid in ensuring that all people have equal access to wholesome meals.
By region, Asia Pacific is expected to grow at the fastest rate during the forecast period. It is anticipated that the Asia-Pacific region will see a significant increase in biotechnology research due to advancements in clinical trial services, government policies that are supportive of the field, and epidemiological considerations. Particular emphasis areas include photoproductivity, thermodynamics, microbial biotechnology, nanoparticles and bioengineering, microfluidic devices and superhydrophobicity, micro and long non-coding RNA, molecular and cell biology, and crop science. India, China, Japan, and South Korea are majorly contributing to the growth of the biotechnology instruments market in the APAC region.
Rapid technical breakthroughs and an increasing focus on domestic innovation are driving the laboratory and analytical instrument business in India toward a revolutionary path. Online and at-line testing, cloud computing, artificial intelligence, machine learning, big data analytics, and process analytical technologies are bringing together cutting-edge technology, and this is why the sector is ready for rapid development and expansion. Within the laboratory equipment and analytical instrument area, there are increasing prospects for domestic companies. Industry experts have explored the challenges, opportunities, and methods for promoting innovation and competitiveness in this dynamic biotechnology instruments market. Now, let's investigate deeper. Due to India's leadership in biotechnology, pharmaceuticals, and healthcare, the country's laboratory and analytical equipment business has experienced rapid expansion in recent years.
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Deepa has certified the degree of Master’s in Pharmacy in the Pharmaceutical Quality Assurance department from Dr D.Y. Patil College of Pharmacy. Her research is focused on the healthcare industry. She is the author or co-author of four Review Articles, which include Solid dispersion a strategic method for poorly soluble drugs and solubility improvement techniques for poorly soluble drugs, Herbal Drugs Used In Treatment Of Cataracts, Nano sponges And Their Application in Cancer Prevention and Ayurvedic Remedies of Peptic ulcer. She has also published a Research Article on the Formulation and Evaluation of Mucoadhesive Tablets of Miconazole cocrystal which was published in GIS Science Journal Volume 9 Issue 8. Her passion for secondary research and desire to take on the challenge of solving unresolved issues is making her flourish is the in the research sector.