LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global laboratory analytical instrument market 2017-2021 report. This market research report also lists 37 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global laboratory analytical instruments market is largely fragmented with the presence of many regional and international players. The market is growing rapidly with an increase in the number of applications that use analytical instruments for technology testing, including applications in medical, food and beverage, and others.
“The demand for analytical instrument solutions will be high in emerging countries, especially in the BRICS countries due to an increase in the spending in drug research activities related to various fields, including diagnosis of cancer, which is on the rise. These countries will constitute the fastest-growing market,” says Amber Chourasia, a lead lab equipment analyst from Technavio.
There is rapid advancement being made in the life sciences sector, driven by factors such as an increase in chronic diseases, aging population, population growth, growing life expectancy, and higher disposable income, which are positively influencing the consumption of laboratory analytical instrument solutions. The advancement in life sciences research has prompted laboratory analytical instrument vendors to develop new products for specific needs.
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Technavio market research analysts identify the following key vendors:
Agilent Technologies deals with bio-analytical and electronic measurement solutions. It mainly caters to life sciences, diagnostics and genomics, chemical analysis, communications, and electronic industries. The company offers solutions for several end-markets, such as pharmaceutical, biotechnology, contract research and contract manufacturing organizations.
Bruker is a life science equipment and medical device manufacturing company, which designs and manufactures life science and material research systems and related products worldwide. The company focuses on offering solutions with continuous innovation through its strong R&D capabilities.
PerkinElmer offer products, services, and solutions to the diagnostics, environmental, industrial, research and laboratory service markets. It caters to key markets such as diagnostics, life sciences, and environmental and applied markets. The company offers key solutions such as detection, imaging, informatics, and services. It also offers analytical solutions that include molecular spectroscopy instruments to measure UV, infrared, and fluorescence.
Danaher designs, manufactures, and sells professional, industrial, medical, and commercial products and services. The company has a strong presence in the life sciences market through its subsidiaries such as Beckman Coulter, Leica Microsystems, Pall Corporation, and AB Sciex.
Thermo Fisher Scientific
Thermo Fisher Scientific offers analytical instruments, reagents and consumables, equipment, software, and services for manufacturing, research, analysis, discovery, and diagnostics. The company offers products under brands, including Thermo Scientific, Fisher Scientific, Applied Biosystems, Invitrogen, and Unity Lab Services.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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