Biotechnology Instruments Market is expected to expand at a CAGR of 12.66% from 2021 to 2028
Biotechnology Instruments Industry Overview The global biotechnology instruments marke t size is expected to reach USD 106.75 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.66% from 2021 to 2028. The market is collectively driven by technological advancements, advantages offered by laser therapy, growing prevalence of target diseases, rising geriatric population, and increasing demand for Point-Of-Care (POC) tests and devices. Biotechnology Instruments Market Segmentation Grand View Research has segmented the global biotechnology instruments market on the basis of product, end-use, and region: Based on the Product Insights, the market is segmented into Lab Automation Instruments, Life Science Consumables, IVD Instruments and Medical Lasers The life science consumables segment dominated the market in 2020 with a revenue share of over 55.0% and is expected to grow at the fastest rate over the for...