The global analytical instrumentation market provides opportunity for growth in distinctive areas such as x-ray, microscopy, chromatography, and mass spectrometry to name a few. There is a need for equipment manufacturers to act as total solution provider for the complete work-flow of customer.
Some of the key drivers boosting market growth include:
- Consolidation of industry participants
- Rise of standards in emerging countries
- Transformation of manufacturers into workflow solution providers
- Increasing partnership between competitors
- Replacement of conventional technology by efficient new technologies
- Demand for instruments with small footprint
On the other hand, there are a few market factors restraining market growth. These include:
- Reduced demand from end user industries
- Complex applications requiring sophisticated instruments
- Requirement of heavy research & development investment to meet customer needs
- Decreasing customer budgets and price margins
- Decreasing customer resistance for difficult analysis
Market Trends
The analytical instrumentation market witnesses opportunity for growth from several sectors. Some of the key trends boosting market growth include:
- Increasing demand for instruments with faster processing speed to enhance the productivity of customers
- Significant advancements in sample preparation tools that will automate customers’ workflow and save time
- Outsourcing of analytical testing service to experts to speed-up their operation.
- High demand for process/online instruments in order to establish a strong quality control during manufacturing
Product Growth Opportunities
From individual product standpoint, there are various opportunities for growth.
- Stringent regulatory systems surrounding industries such as pharmaceuticals, food and beverage in ensuring the good quality of products will strongly propel the growth of the mass spectrometry market.
- Growing use of portable instruments has been a key trend in water quality monitoring. Continuous water quality monitoring is needed to rapidly identify contaminants or to detect sudden changes in water quality. There is a need to analyze the water sample frequently in continuous monitoring.
- Growing demand for nanotechnology boosts the demand for analytical microscopes.
- Growth of the chromatography market is driven by various factors such as increasing population, growing food safety incidents, rising environmental concerns due to increasing industrialization, and stringent government regulations.
Geographic Outlook
There are different trends prevailing in various regions of the world that offer different opportunities for growth. For example, manufacturers are shifting their production centers to APAC countries such as India and China. This region is also witnessing high demand for advanced equipment. On the other hand, slow economic growth in developed nations has forced customers to expand their production plants and consumer base to emerging regions such as BRIC nations. In North America, real time monitoring systems are rapidly gaining attention due to the timely information that these products can offer.
Frost & Sullivan’s analytical instrumentation program focusses on key product deliverables including chromatography, spectroscopy, gas analyzers, liquid analyzers, material testing, surface science techniques, life science systems, mass spectrometry, x-ray instrumentation and informatics among others. Frost & Sullivan has also published several research services including Analysis of the Global Mass Spectrometry Market, Global Analysis of the Oil and Gas Analytical Instrumentation Market, Analytical Instrumentation Market for Food Testing, Global Laboratory Analytical Instrumentation Market, Analysis of the Global Analytical X-ray Instrumentation Market, Global Process Analytical Instrumentation Market and Global Water Analysis Instrumentation Market among others.
