World Hyphenated Analytical Techniques Instrumentation Markets

Frost & Sullivan
September 2, 2005
SKU: MC1178642
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Table of Contents Related Reports
Countries covered: Global

Hyphenated Analytical Instrumentation Vendors Must Redesign Products to Offset the Effect of Pharmaceutical Companies’ Reduced Spending

Declining spending by pharmaceutical companies is increasingly challenging the world hyphenated analytical instrumentation market. Many leading participants, especially in the life sciences and pharmaceutical industries, have reported a fall in profits in 2004 and the first quarter of 2005. Analytical instrumentation vendors will have to come up with new products and marketing strategies to generate higher revenue streams from these and other more lucrative end-user industries such as chemicals and petrochemicals and environmental. Vendors need to focus on providing competitively priced devices with multiple features that will not only improve end users’ productivity levels but also increase the price-performance ratio of the products.

This Frost & Sullivan research service provides data and analysis on the global hyphenated analytical instrumentation market. It segments the market by end-user industries into life sciences and pharmaceuticals, environmental, chemicals and petrochemicals, semiconductor, forensic, defense and homeland security, and other end-user industries. The study provides a comprehensive discussion of industry challenges as well as market drivers and restraints.

Continued Innovation Vital for Survival in the Dynamic Hyphenated Analytical Instrumentation Market

Vendors in the fast growing and challenging market have to focus on several critical factors to stay ahead of the competition. The prime success factor is constant innovation and product development. Vendors have to make more user-friendly instruments that also enhance the price-performance ratio, while establishing a robust sales and distribution network. By continuously investing in research and development, companies can make technologically superior instruments that perform satisfactorily in terms of speed, sensitivity, and costs.

Customers are demanding greater ease of handling and long life span from hyphenated instrumentation and it has become critical for vendor to improve the performance levels of the devices to meet such requirements. Declining number of highly skilled labor is challenging the hyphenated analytical instrumentation market, which could be offset by designing easy-to-use instruments. With the market expanding globally, they also have to establish a strong sales and distribution network. "Since hyphenation techniques are universal and could be applied to any end-user industry at any location, shipping instruments to customers requires an established network," says the analyst of this research.

Various Fast Growing End-User Segments Create Significant Opportunities for Market Vendors

In the hyphenated analytical instrumentation market, most technology innovations, product designs, and developments are centered on the requirements of life sciences and pharmaceutical industries. Though life sciences and pharmaceutical companies represent a major percent of the end-user segment, other end-user areas such as environment, chemical and petrochemical, and forensic, defense and homeland security industries are showing a lot of promise.

The chemicals and petrochemicals industry is one of the fastest growing end-user segments, with a compound annual growth rate (CAGR) of 5.0 percent. Meanwhile, global security concerns have led to a surge in consumption by forensic, defense, and homeland security industries. "There is significant demand in all major regions such as North America, Europe, Asia Pacific, and Rest-of-World," notes the analyst. "These conditions provides vendors an excellent opportunity for growth in the world hyphenated analytical instrumentation market."


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