Global Laboratory Analytical Instruments and Consumables Market 2018-2022
About Laboratory Analytical Instruments and Consumables
Laboratory analytical instruments and consumables include a broad range of instruments and consumables that help analyze samples quantitatively and qualitatively. These are used in research processes to measure, analyze, and verify the unproven quantities, properties, and phenomena of an element or material.
Technavio’s analysts forecast the global laboratory analytical instruments and consumables market to grow at a CAGR of 6.31% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global laboratory analytical instruments and consumables market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laboratory Analytical Instruments and Consumables Market 2018-2022
Technavio recognizes the following companies as the key players in the global laboratory analytical instruments and consumables market: Agilent Technologies, Bruker, Danaher, Horiba, and PerkinElmer.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances. Over the years, laboratory analytical instruments and consumables have been used for experiments related to several applications such as separation analysis due to which the overall architecture and elementary technology have changed significantly.”
According to the report, one driver in the market is emergence of precision proteomics to develop personalized medicine and therapies. As the healthcare models across the world are shifting from prescriptive models to preventive ones, there is a growing need for personalized therapies. Stakeholders across the healthcare industry realize the importance of personalized therapies, and consequently, researchers are always on the lookout for techniques, which can identify new drug targets for successful discovery of new therapies or drugs
Further, the report states that one challenge in the market is lack of trained laboratory professionals. Processes involved in drug manufacturing require extremely careful application of samples, reagents and handling of apparatus. Furthermore, interpretation of results becomes increasingly important and researchers must be aware of what analysis to carry out and how to correlate it with the overall objective of the experiment.
Agilent Technologies, Bruker, Danaher, Horiba, and PerkinElmer.