Global Laboratory Analytical Instrumentation Market - Industry Analysis 2015-2019
| Published: Sep 2015 | Pages: 79 | SKU: IRTNTR7241 |
Global laboratory analytical instrumentation market forecast
Laboratory analytical instruments are used in research processes to analyze and identify the physical, chemical, molecular, and elemental properties of a sample. The increase in the expenditure for research and development is the key driver for the growth of this market. The growth of the healthcare and chemical industry in the APAC region is also anticipated to contribute to the demand for laboratory analytical instruments which in turn, will increase the laboratory analytical instrumentation market revenue. Technavio’s market research analyst projects the laboratory analytical instruments market to grow at a steady rate of around 6% during the forecast period.
The high cost of research and development is expected to pose a challenge for the market growth during the forecast period. The cost of the instruments coupled with repair, customization, and calibration costs leads to an overall high procurement cost for the users.
Functional segmentation and analysis of the laboratory analytical instrumentation market
- Element analysis
- Separation analysis
- Molecular analysis
The element analysis segment leads the global market and is expected to reach USD 14 billion by the end of 2019. The application of element analysis instruments in a broad range of industries fueled the growth of this segment. For instance, in the environmental sector, elemental analysis instruments are used in measuring the elemental composition of the minerals that are crucial to understanding the earth's geological processes.
Segmentation by end user and analysis of the laboratory analytical instrumentation market
- Government institutions
- Research organizations
- Semiconductors, electronics, and nanotechnology
- Hospitals and medical centers
- Chemicals
- Mining and metals
Government institutions constitute the largest end-user segment for this market. The increased emphasis on federal regulations and laws to increase the expenditure on research and development is expected to drive the growth of this segment during the forecast period. This factor will also increase the laboratory analytical instrumentation market value.
Geographical segmentation and analysis of the laboratory analytical instrumentation market
- Americas
- APAC
- EMEA
The Americas account for the largest share of global laboratory analytical instrumentation market and is expected to generate a revenue of around USD 12 billion by the end of 2019. Investments in the R&D of the pharmaceuticals and healthcare sectors is the key growth driver of this region.
Competitive landscape and key vendors
The global laboratory analytical instrumentation market is dominated by international vendors. These vendors provide offerings in all categories, whereas providers who specialize in a particular segment of analytical instruments have a much lower market share.
The leading vendors in the market are
- Agilent
- Bruker
- HORIBA
- Danaher
- Thermo Fischer
Other vendors in the market include ABB, B&W Tek, Hitachi, Illumina, JASCO, PerkinElmer, Siemens, and Waters.
Growth drivers, challenges, and upcoming trends: Increasing collaborations
The laboratory analytical instruments market is witnessing an increase in mergers and acquisitions. Key vendors are using mergers to increase their product portfolio and their global presence. Quite often, vendors have been acquiring smaller companies in an attempt to diversify their business. For instance, recently, Thermo Fischer acquired Life Tech, a pioneer in gene sequencing technology for nearly USD 14 billion.
This report offers a number of factors contributing to the adoption, limitations, and opportunities of the laboratory analytical instrumentation market. It also provides an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global laboratory analytical instruments market?
- What are the key market trends impacting the growth of the laboratory analytical instruments market?
- What are the challenges to market growth?
- Who are the key vendors in the laboratory analytical instruments market?
- What are the market opportunities and threats faced by the vendors in the global laboratory analytical instruments market?
- Trending factors influencing the market shares of APAC, Americas, and EMEA?
- What are the key outcomes of the five forces analysis of the global laboratory analytical instruments market?
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- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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