Pharmaceuticals, biotechnology, and academics emerge major adopters of analytical equipment, finds Frost & Sullivan
SANTA CLARA, Calif., Aug. 12, 2019 /PRNewswire/ -- The rise of the Industrial Internet of Things (IIoT) has given a significant boost to the global analytical instrumentation market, making it more automated, data centric,
"Analytical equipment, including liquid chromatographs and mass spectrometers, will be increasingly used as diagnostic equipment due to the sensitivity and efficiency requirements of diagnostic applications," said Janani Balasundar Research Analyst Measurement & Instrumentation. "Pharmaceuticals, biotechnology, academics, and food testing will be the primary end users of analytical instrumentation. However, there will be a dip in demand for gas chromatographs and gas analyzers due to the slowdown in the chemicals & petrochemicals and oil & gas markets because of fluctuating oil prices and resource scarcity."
Frost & Sullivan's recent analysis, Outlook of Global Analytical Instrumentation Market, 2019, is segmented by the product sectors of chromatography, molecular analysis spectroscopy, elemental analysis spectroscopy, mass spectrometry (MS), analytical microscopes, gas analyzers, liquid analyzers, and analytical x-ray instrumentation. It covers the geographic regions of North America, Europe, Asia-Pacific, and Rest-of-World.
For further information on this analysis, please visit: http://frost.ly/3on
"The market will be bolstered by the strong demand from Asia-Pacific, particularly, India and China," noted Balasundar. "Analytical equipment manufacturers providing training, awareness, and application knowledge will experience considerable expansion in the emerging markets."
For additional revenue opportunities in the global market, instrumentation manufacturers will look to:
Outlook of Global Analytical Instrumentation Market, 2019 is part of Frost & Sullivan's global Test & Measurement Growth Partnership Service program.
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Outlook of Global Analytical Instrumentation Market, 2019K38A-30
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SOURCE Frost & Sullivan
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