Global laboratory
analytical instruments and consumables market is
projected to witness significant growth in the coming years due to speedy
technological advancements like improvements in current instrumentation and new
product development according to consumers’ requirements. Laboratory analytical
instruments and consumables are the collection of devices that examine any
given sample in terms of quality and quantity. They are specially used
instruments in research activities to examine, measure and validate unproven
properties of the material.
The factors influencing the growth of
laboratory analytical instruments and consumables market include rising number
of chronic disorders, growing geriatric population, increasing spending power
of consumers, and increasing life expectancy. However, lack of skilled
professionals is hampering the growth of the market.
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Growing technological advancements in
separation analysis and value added services offered by manufacturers are few
trends observed in the laboratory analytical instruments and consumables
market. Market is categorized on the basis of application and geography. On the
basis of application, market is divided into separation analysis, element
analysis, and molecular analysis. Element analysis segment is expected to hold
larger share of the market in future due to increasing applications of these
instruments.
Geographically, market is segmented as
North America, South America, Europe, Asia Pacific, and Middle East &
Africa. North America and South America are predicted to dominate the market
due to the rising use of laboratory instruments by numerous pharmaceutical
companies present in the region. Asia Pacific is also expected to hold
substantial share of the market due to increased awareness and developments in
the industry. The leading players in laboratory analytical instruments and
consumables market include Bruker, Horiba, PerkinElmer, Agilent Technologies,
and Danaher.
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