TechNavio today launched its report Scientific Instrument Market in China 2011-2015 based on an in-depth study exclusively focusing on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”There has been a rapid increase in competition among the scientific instrument vendors in the last few years. This increase in competition has led to a decrease in the overall price of scientific instruments. Consequently, there is an increase in the price wars among the players in the market. Moreover, with the advancement of technology, the cost of the development of scientific instruments is going down. This is because of the large variety of vendors and their varying pricing strategies aimed at capturing significant shares in the market. Furthermore, the vendors are focusing on the development of economically-priced instruments in an attempt to tap the Micro, Small and Medium-scale Enterprises sector.”
According to the report, one of the main market drivers is the increased need for quality product development. Scientific instruments are deployed across the industries, and the necessary measures are taken based on the findings of the scientific instruments.
Further, the report also discusses that a major challenge in the market is that the high cost of scientific instruments is decreasing their adoption rate.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/e69eU
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Scientific Instrument Market in China 2011-2015
