DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6pt3wr/global_life) has announced the addition of the "Global Life Science and Chemical Instrumentation Market 2012-2016" report to their offering.
The analysts forecast the Global Life Science and Chemical Instrumentation market to grow at a CAGR of 8.64 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapid technological developments in the Diagnostics industry. The Global Life Science and Chemical Instrumentation market has also been witnessing an increasing number of outsourcing activities. However, the intense competition among vendors could pose a challenge to the growth of this market.
The key vendors dominating this space are Roche Holding Ltd., Thermo Fischer Scientific Inc., Life Technologies Corp., and Agilent Technologies Inc.
The other vendors mentioned in the report are Danaher Corp., Shimadzu Corp., Bio Rad Laboratories Inc., Illumina Inc., Affymetrix Inc., GE Healthcare Ltd., Perkin Elmer Inc., Siemens Healthcare, Abbott Laboratories, Hitachi High-technologies Corp., RainDance Technologies Inc., Tecan Group Ltd., Eppendorf AG, Oxford Nanopore Technologies Ltd., and Genia Corp.
Commenting on the report, an analyst from Healthcare team said: "Increasing outsourcing activities is one of the emerging trends in the Global Life Science and Chemical Instrumentation market. Over the years, a large number of drug manufacturers have been outsourcing their drug development processes to contract research organizations. This is because outsourcing reduces manufacturing and distribution costs, ensures quality of services, and reduces lead time. In addition, it helps the sourcing companies to manage product demand and to concentrate on other competencies such as innovation and brand building. On this front, the Asian and Latin American countries are experiencing high growth. For instance, one of the most preferred locations for outsourcing is Singapore because it is known for its strong intellectual property laws, excellent supply chain, and wide logistics connectivity. Moreover, it is considered a major base for setting up biotechnology and pharmaceutical manufacturing companies because of favorable tax incentives."
For more information visit http://www.researchandmarkets.com/research/6pt3wr/global_life
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.