2014-03-05 09:37:02 - Global Life Science and Chemical Instrumentation Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Life Science Instrumentation market is 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.
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.
The need to optimize resources is one of the major drivers in the Global Life Science and Chemical Instrumentation market. The growing demand for effective diagnosis of disease-related issues has led companies to invest in high-sensitivity lab testing and developing generic drugs. This has led to an increase in the sales of analytical, separation, and other research-related instruments and consumables which are used in genomic and proteomic studies. In addition, authenticate research analysis for the development of efficient treatment methodologies and drug discovery has also influenced the growth of the sales of life science and chemical instruments.
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.
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