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Indian Laboratory Analytical Instruments Markets
Frost & Sullivan, June 2008, Pages: 112
High Growth in the Pharmaceutical Sector Portends Strong Growth for the Indian Laboratory Analytical Instruments Market:
The laboratory analytical equipment market in India has been growing by leaps and bounds in the last five years, due in very large part to the burgeoning pharmaceutical sector. India has emerged as the favored destination for global pharma giants lured by the benefits of the combination of skilled labor and low costs. This has led to a boom in contract research and contract manufacturing opportunities. 'As many drugs approach the stage of patent expiry, there is the constant need for the R&D of newer drugs to fill the void and India has become the hotbed for an entire gamut of outsourced activities, ranging from drug discovery to clinical trials,' notes the analyst. 'The high demand for laboratory analytical instruments in the booming pharmaceutical space will have positive repercussions in the Indian laboratory analytical instruments market.'
Assured of growth prospects, foreign suppliers of analytical instruments are bolstering investments in India and establishing their foothold here by setting up/expanding their own branches instead of relying on distributors. From the suppliers’ viewpoint, distributors support a wide range of products, making it impossible for them to devote attention on any particular product. Setting up their own sales and support offices in India will further suppliers’ interests, as it allows them to target customers with more focused marketing and sales initiatives. Customers can be certain of top-quality service and the physical presence of the supplier increases the comfort and confidence levels of the buyers.
Advent of Regulations and Increasing Emphasis on Environmental Protection are Triggering Growth in the Laboratory Analytical Instruments Market:
Favorable support from the government has gone a long way to encourage the shift of drug discovery research to India. Large funds are being allocated for R&D activities in various streams, including chemistry and physics, escalating the demand for laboratory analytical equipment. As both chromatograph and spectrophotometers are crucial for drug discovery research, growth in this segment will have a ripple effect, enhancing prospects for the laboratory analytical instruments market. Further, the food and beverages market has contributed to the growth of this sector as the export of processed foods requires adherence to stringent standards stipulated by importing nations. Molecular analysis equipment is a vital component of the necessary infrastructure used to analyze the quality of exports and verify their conformance to foreign regulations.
Along with industrial progression, concerns over water safety and wastewater treatment are acquiring larger significance. Heightened emphasis on ensuring the purity of consumable water and proper water treatment facilities has boded well for the ion chromatography (IC) market. More stringent governmental regulations are in the pipeline, increasing the demand for IC instruments. In a wider spectrum, concerns such as the preservation of the environment and environmental security are calling for attention, triggering efforts directed toward resolving these sensitive issues,' notes the analyst. 'As separation equipment such as IC play a significant role in these functions, their demand is only expected to increase further, pushing market operations into high gear.'
Technologies
The following technologies are covered in this research:
- Gas chromatography
- Liquid chromatography
- Ion chromatography
- Infrared (IR) spectrophotometer
- Ultraviolet (UV) visible spectrophotometer
- Gas chromatography-mass spectrometry (GC-MS)
- Liquid chromatography-mass spectrometry (LC-MS)
Market Sectors:
- Chromatographs
- Spectrophotometers
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