Frost & Sullivan Release: Rapid Adoption Of Laboratory Analytical Instrumentation Increases Across Industries

MOUNTAIN VIEW, Calif., Sept. 29, 2015 /PRNewswire/ -- Various industries, including food and beverage, environmental, biopharmaceuticals, clinical research and diagnostics have been driving the global laboratory analytical instrumentation market. The food industry has been a particularly prominent end user for the market due to the need to control food adulteration. Irrefutably, the food industry, along with the environmental sector has been applying more sophisticated chromatographic and spectroscopic techniques to improve the quality of testing.

Frost & Sullivan

Recent analysis from Frost & Sullivan, Global Laboratory Analytical Instrumentation Market (http://www.frost.com/nf05), finds that the market earned revenues of $7.48 billion in 2014 and estimates this to reach $11.39 billion in 2021. The study covers molecular spectroscopy, separation and elemental spectroscopy analysis.

For complimentary access to more information on this research, please visit: http://bit.ly/1UdrIT5

With the shift from small-molecule pharmaceuticals to large-molecule biopharmaceuticals, organizations have had to reorganize their laboratory equipment and boost technicians' expertise. This has come as a boon to analytical instrument manufacturers, as end users now require advanced equipment for quality control of biological drugs.

"For clinical research and diagnostic applications, in particular, mass spectrometry has emerged as a revolutionary product due to its highly sensitive detection capabilities," said Frost & Sullivan Measurement & Instrumentation Research Associate Janani Balasundar. "In fact, market participants are engaging in strong initiatives to enhance mass spectrometry to meet advanced requirements."

However, with customers' shrinking capital and operation budgets, market growth could suffer. The desire to minimize the costs involved in training technicians is also likely to hamper the uptake of laboratory analytical instrumentation.

"Despite these challenges, customers' demand for automation of analytical processes to reduce manual intervention will boost the need for advanced laboratory instrumentation," noted Balasundar. "Productive equipment that can cut down the analysis time to maximize the number of samples examined and increase the productivity of factories will be popular."

Global Laboratory Analytical Instrumentation Market is part of the Test & Measurement (http://www.testandmeasurement.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Test, Measurement, and Instrumentation Market, Global Integrated Automotive Test Solutions and its Future, Analysis of Global Analytical X-ray Instrumentation Market, and Electromagnetic Compatibility Test Equipment and Services Market in North America. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Global Laboratory Analytical Instrumentation Market
NF05-30

Contact:
Jaylon Brinkley
Corporate Communications North America
P: (210) 247.2481
F: (210) 348.1003
E: jaylon.brinkley@frost.com

http://www.frost.com

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SOURCE Frost & Sullivan

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