Global scientific instrument market: 5% CAGR between 2012-2016

Press Release   •   Feb 26, 2013 10:36 GMT

The Global Scientific Instrument market is to grow at a CAGR of 5.07 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing demand from the developing economies. The Global Scientific Instrument market has also been witnessing the advancements in DNA sequencer technology. However, the decrease in global health care spending could pose a challenge to the growth of this market.

The Global Scientific Instrument market is growing at a rapid pace. Therefore, several major players in the market are trying to expand their presence in the market. A number of mergers, acquisitions, and strategic alliances are taking place in the market space. Many big players and emerging contenders in the Global Scientific Instrument market are looking for mergers and acquisitions. Moreover, many vendors are creating alliances with smaller and bigger companies to capture more market share. This enhances their distribution channels and improves their market reach. Thus, mergers and acquisitions help companies remain competitive in the market.

One of the major drivers is the increasing demand from developing countries. The process industries in developing and emerging economies such as China, India, South Africa, and Brazil are experiencing high growth. This creates huge potential for the growth of the Global Scientific Instrument market during the forecast period. Rapidly growing process industries such as the Mining and Chemical industries are increasingly adopting general purpose analytical instruments for their elemental analysis and separation analysis processes.

The key vendors dominating this market space are Agilent Technologies Inc., Bruker Corp., Danaher Corp., Hitachi High-Technologies Corp., HORIBA Ltd., PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. The other vendors mentioned in the report are JASCO Inc., BandW Tek Inc., and Illumina Inc.

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