Product Segmentation: Consumables Dominate Revenue while NGS Fuels the Instruments Segment in the Life Science Tools Market
The Life Science Tools Market is structurally segmented into three key product types: Consumables, Instruments, and Services. Among these, the Consumables segment consistently holds the largest revenue share, accounting for approximately 47.59% in 2024. This dominance is driven by the "razor-and-blade" business model adopted by major market players. Consumables include all the high-margin,...
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