About laboratory analytical instruments
Laboratory analytical instruments measure, analyze, and verify the unproven quantities, properties, and phenomena of an element or a material. These instruments are more sophisticated and specialized than other measuring instruments such as scales, chronometers, thermometers, meter sticks, and waveform generators. They are used to analyze and identify the physical, chemical, molecular, and elemental properties of a sample.
Technavio's analysts forecast the global laboratory analytical instrumentation market to grow at a CAGR of 6.11% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global laboratory analytical instruments market for the period 2015-2019. This report considers the laboratory analytical instruments in the following categories:
Technavio Announces the Publication of its Research Report – Global Laboratory Analytical Instrumentation Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Laboratory Analytical Instrumentation Market: Agilent, Bruker, HORIBA, Danaher and Thermo Fischer
Other Prominent Vendors in the market are: ABB, B&W Tek, Hitachi, Illumina, JASCO, PerkinElmer, Siemens, and Waters.
Commenting on the report, an analyst from Technavio’s team said: “The trend of buyers requiring customized analytical instruments is set to change the market landscape over the forecast period, making difficult to sell standardized instruments. The increasing number of contract laboratories is also gaining popularity, particularly in APAC, which is expect to support market growth.”
According to the report, the growth in the global laboratory analytical instrumentation market is driven by the increase in the expenditure on R&D. The healthcare and chemical industry in APAC is growing at a fast pace, thereby driving the demand for laboratory analytical instruments. Stringent government regulations regarding the quality of products and manufacturing environment will also play a key role in the growth of this market globally.
Further, the report states that the cost of R&D — especially for medium and small enterprises — has proven to be a challenge, hindering market growth.
Agilent, Bruker, HORIBA, Danaher, Thermo Fischer, ABB, B&W Tek, Hitachi, Illumina, JASCO, PerkinElmer, Siemens, Waters.