Life Science Instrumentation: Largest, Most Diverse Market
The life science instrumentation (LSI) market encompasses a broad spectrum of technologies grouped into a dozen categories. LSI technologies range from mature, multibillion dollar markets to high-growth, burgeoning technology segments. Overall, the LSI market is the largest technology sector in the analytical instrument market, accounting for about a quarter of total sales.
The LSI market accounted for $10.7 billion in sales in 2011 and is forecast to increase 5.4% for 2012. The top five vendors represented over half of total demand in 2011. Life Technologies is the dominant force, accounting for 22% of life science market demand.
Demand for many LSI techniques is dependent on government-funded research activities, such as those in genomics and cell-based research. Although governments have announced that they will scale back such funding, this end-market remains important. Other sectors, such as non-profit research institutes and pharmaceutical, biotech and CRO labs, are expected to play a stronger role in growth in 2012, particularly in emerging markets.
Solid growth for LSI sales is expected to continue in Asia, particularly in China and India, but also in Taiwan, Singapore, South Korea and Malaysia. Sales in Japan are also expected to grow. The Asia Pacific region has placed a strong emphasis on regenerative medicine therapy, especially stem cell research. Infectious disease research and vaccine development are also expected to fuel sales growth.
Consumables, reagents, kits and other aftermarket products are the driving force in the LSI market, accounting for about 62% of total demand in 2011. The PCR market, which is heavily aftermarket oriented, is the largest market among LSI techniques. PCR sales are forecast to grow 5.7% in 2012.
Nucleic acid preparation and cell separation techniques accounted for 14% of the LSI market in 2011. Sales are expected to increase 5.7% in 2012, fueled by research and diagnostic applications. The sequencer market, which includes capillary electrophoresis–based sequencers, grew in double digits in 2011, accounting for 13% of LSI sales. The increase was driven by demand for next-generation DNA sequencers. For 2012, IBO does not expect demand for sequencers to be as robust, with the market increasing 6.4%.
Demand for microarray technology is forecast to experience lackluster growth this year, increasing 3.5%. However, opportunities in molecular diagnostic applications are becoming increasingly important. Flow cytometry accounted for 13% of the LSI market in 2011. Sales are expected to increase 5.4% in 2012.
Electrophysiology/patch clamp and high-content screening combine to make up about 3% of the market, with sales expected to increase 11% and 8%, respectively, in 2012. Demand for in vivo animal imaging is expected to grow 13.2% in 2012. Sales of label-free detection products are expected to increase 9.2% in 2012. Growth prospects for electrophoresis, synthesizers and informatics are expected to be modest this year.
Life Science Instrumentation 2011–2012
2011 Mkt. Share 2012 Growth Rate
PCR 23.9% 5.7%
Nucleic Acid Prep. and Cell Separation 13.7% 5.7%
Microarrays 12.2% 3.2%
Sequencers (Nucleic Acid, Protein) 12.5% 6.4%
Flow Cytometry 13.2% 5.4%
Electrophoresis 7.5% 2.6%
Synthesiz. (Nucl. Acid, Protein, Organ.) 4.2% 1.1%
In Vivo Animal Imaging 4.6% 13.2%
Informatics 3.9% 4.1%
High-Content Screening 2.0% 8.0%
Label-Free Detection 1.6% 9.2%
Electrophysiology, Patch Clamp 0.8% 11.0%
Total 100.0% 5.4%
Pie Chart: 2011 Life Science Instrumentation Suppliers’ Market Shares
Life Tech. 22%
Illumina 10%
BD mina 8%
GE mina 7%
QIAGEN mina 6%
Other 47%
Bar Graph: 2010–2013 Total Life Science Instrumentation Market
2010 2011 2012 2013
$ Millions 10,178 10,764 11,350 11,967
Pie Chart: 2011 Life Science Instrumentation Market by Product Type
Aftermarket 62%
Initial Systems 30%
Service 8%
Life Science Instrumentation Market Leaders
PCR Life Technologies, Roche
Microarrays Illumina, Affymetrix
Nucleic Acid Prep. and Cell Sep. QIAGEN, Life Technologies
Sequencers (Nucl. Acid, Protein) Life Technologies, Illumina
Flow Cytometry BD, Danaher
Electrophoresis GE, Bio-Rad Laboratories
Synthes. (Nucl. Acid, Protein, Organ.) GE, Life Technologies
In Vivo Animal Imaging PerkinElmer, Siemens
Informatics Accelrys, Certara
High-Content Screening Danaher, Thermo
Label-Free Detection GE Healthcare, ForteBio
Electrophysiology, Patch Clamp Danaher, Aurora Biomed