This market research report presents a detailed segmentation of the laboratory analytical instrumentation market by function (element analysis, separation analysis, and molecular analysis), by end user (government institutions, research organizations, chemicals, and mining and metals), and by geography (Americas, EMEA, and APAC). Key findings in this market study also include an analysis of the leading vendors such as Agilent, Bruker, HORIBA, Danaher, and Thermo Fischer.
Technavio has released updated information on the global laboratory analytical instrumentation market, which is expected to grow at a CAGR of around 6% between 2015 and 2019. The growth new laboratories and increased expenditure for research and development are primarily driving this market’s growth. The Americas account for the largest share of global laboratory analytical instrumentation market and is expected to generate a revenue of around USD 12 billion by the end of 2019. Investments in the R&D of the pharmaceuticals and healthcare sectors is the key growth driver of this region.
“Vendors have started offering customized instruments to specifically cater to the requirements of the buyers. Customization has encouraged vendors to provide a complete solution rather than a product. Some vendors are also implementing hyphenation by combining one or more functions into a single product. Also, the manufacturers have started providing complete analytical solutions including complete automation of the analytical work flow, including formulation, preparation of a sample, handling, analysis, and the cleaning of samples,” says Navin Rajendra, Lead Analyst, Engineering Equipment, Technavio Research.
Government research institutions, research organizations, and the semiconductor, electronic, and nanotechnology industries are the primary end-users of laboratory analytical instruments. Increased requirement for accurate, easy to use and cost-effective devices are boosting growth opportunities in this market. Vendors are developing instruments with broader functions and adaptability. They are upgrading software platforms for faster analysis and interpretation, to ensure less time in research. To make scientific data accessible to more users, the market is witnessing considerable shift towards cloud connectivity of analytical instruments.
The key vendors in the global laboratory analytical instrumentation market include Agilent, Bruker, HORIBA, Danaher, and Thermo Fischer. The market is especially dominated by international vendors. These vendors provide offerings in all categories, whereas providers who specialize in a particular segment of analytical instruments have a much lower market share.
A more detailed analysis is available in the Technavio report, Global Laboratory Analytical Instrumentation Market – Industry Analysis 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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