Global Scientific Instrument Market 2018-2022
About Scientific Instrument
Scientific instruments are defined as devices that are used in measuring, analyzing, and verifying the unproven quantities and properties of an element or material or to examine the chemical and physical viabilities of materials which can be used to develop new products.
Technavio’s analysts forecast the global scientific instrument market to grow at a CAGR of 6.46% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global scientific instrument 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 Scientific Instrument Market 2018-2022
Technavio recognizes the following companies as the key players in the global scientific instrument market: Agilent Technologies, Bruker, Danaher, Horiba, PerkinElmer, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing industry-academia collaborations. There has been a growing trend of partnerships and collaborations in the market as key players in the industry look to partner with universities to better understand the applications of scientific instruments in various applications such as advances in solar cell, development of new nanomaterials, semiconductor manufacturing, biological science, and medical technologies”
According to the report, one driver in the market is increase in global R&D investments. Globally, the importance of investments in R&D is increasing since a robust R&D system forms the basis for development of new products or enhancements of existing products. Increasing technological advances and the need for better analysis for researchers has led to increasing number of research projects and research studies which are using various scientific instruments to extract greater information and insights which contribute a great deal to how a final product is formulated
Further, the report states that one challenge in the market is compliance issues. Safety measures are defined by regulatory organizations which need to be followed at an organizational level in multiple industries such as pharmaceuticals, biotechnology, F&B, and chemical to ensure a safe product is manufactured and sold in the market.
Agilent Technologies, Bruker, Danaher, Horiba, PerkinElmer, and Thermo Fisher Scientific.
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