Portability Drives Market Growth
The global molecular analytical instrumentation market is set to grow at a CAGR of 7.6% from 2018 to 2025. This research service will identify key trends in 2018 and the factors that boost or restrain market growth. It discusses product areas that will bolster growth during the forecast period 2019 to 2025. With 2018 as base year, the research provides estimates of market size and future growth prospects until 2025. To accomplish this, a specific methodology which included discussion with senior management of molecular analytical instrumentation manufacturers was followed and is supported by secondary research.
Research Highlights
The global molecular analytical instruments market generated $2,132.0 million in 2018, with a base year growth rate of 7.0%. The market is set to grow further, as the need for portable instruments is increasing. Portability is a key trend in the market where these products are gaining momentum in R&D labs as well. Future-proof instrumentation is key, and research indicates that any instrument should have the option to be upgraded with software and hardware, wherever applicable, for future expansion. North America is the biggest revenue contributing region and is expected to remain so during the forecast period. The need for portable instruments is growing and is expected to play a vital role in lab and process industries, as well. A broad product portfolio that provides a one-shop-stop solution should be the vendors' success mantra. Cost, ease of use, features, and portability are factors driving growth.
The study offers a holistic picture of the opportunities, challenges, and threats for the vendors across the globe.
Key Features
In-depth analysis, with market sizing of product segments:
- Infrared spectrometer (laboratory, process, and portable)
- Ultraviolet-visible spectrometer (laboratory and process)
- Raman spectrometer (laboratory, process and portable)
- Regional perspective of demand patterns in various advanced and emerging markets: North America, Europe, Middle East and Africa, Asia-Pacific, and emerging regions.
End-user analysis of the following industries:
- Pharmaceuticals, biotechnology, and life sciences
- Government and academic research institutions and laboratories
- Environmental safety, and agricultural research testing laboratories
- Chemicals and petrochemicals
- Food and beverage
- Oil and gas
- Water and wastewater
- Others (forensics, polymers and plastics, power generation, cosmetics)
Further, market growth forecasts for segments and an in-depth analysis of the competitive situation, including vendors' market shares are included.
