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Analytical Instrumentation Vendors Target Lucrative Markets as Pharmaceutical Companies Cut Spending - New analysis from Frost & Sullivan, World Hyphenated Analytical Instrumentation Market, reveals that revenues in this market totaled $2.64 billion in 2004 and projects to reach $3.65 billion in 2011.
Analytical Instrumentation Vendors Target Lucrative Markets as Pharmaceutical Companies Cut Spending

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2005/11/16 - New analysis from Frost & Sullivan, World Hyphenated Analytical Instrumentation Market, reveals that revenues in this market totaled $2.64 billion in 2004 and projects to reach $3.65 billion in 2011..

   
 
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Many leading companies, especially in the life sciences and pharmaceutical industries, have reported a fall in profits in 2004 and the first quarter of 2005. Consequentially, they have been progressively reducing their spending, compelling vendors in the hyphenated analytical instrumentation markets to tap into various other revenue streams to stay competitive.

If you are interested in a virtual brochure, which provides manufacturers, end-users, and other industry participants with an overview of the latest analysis of the World Hyphenated Analytical Instrumentation Market then send an e-mail to Tori Foster - Corporate Communications at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.

Most technology innovations, product designs and developments in the market have centered on the requirements of life sciences and pharmaceutical industry. Though this industry represents a major percent of the end-user segment, other industries such as chemicals & petrochemicals, environment forensic, defense and homeland security show a lot of promise.

The chemicals and petrochemicals industry is one of the fastest growing end-user segments, with a compound annual growth rate (CAGR) of 5 percent, while global security concerns has lead to a surge in consumption by forensic, defense, and homeland security industries.

“Moreover, there is significant demand in all major regions such as North America, Europe, the Asia Pacific and Rest-of-World,” says Frost & Sullivan Research Analysts T. V. Navin Kumar. “These conditions provide vendors an excellent opportunity for growth in the hyphenated analytical instrumentation market.”

Analytical instrumentation vendors will have to come up with new products and marketing strategies to generate higher revenue streams from these industries. Vendors have to focus on providing competitively priced devices with multiple features that will not only improve end-users’ productivity levels but will also increase the price-performance ratio of the products.

The rising raw materials costs are creating a subsequent hike in manufacturing expenses, which, in turn, cuts into vendors’ profit margins. Due to customer demands for cost-effective instruments, vendors have to find a balance between cost of manufacturing and price of the instrument.

Another critical success factor in the hyphenated analytical instrumentation market is constant innovation and product development. Vendors have to make more user-friendly instruments, while also establishing a robust sales and distribution network.

By continuously investing in research and development, companies have to make technologically superior instruments that perform satisfactorily in terms of speed, sensitivity and costs.

Customers are demanding greater ease of handling and long-life span from hyphenated analytical instruments and it has become critical for vendors to improve the performance levels of the devices to meet such requirements. Declining number of highly skilled labor is challenging the hyphenated analytical instrumentation market, which could be offset by designing easy-to-use instruments.

“Furthermore, with the market expanding globally, vendors have to establish a strong sales and distribution network,” notes Kumar. “Since hyphenation techniques are universal and could be applied to any end-user industry at any location, shipping instruments to customer point needs an established distribution network.”

World Hyphenated Analytical Instrumentation Market is part of the 9440 subscription. It segments the market by end-users industries into life sciences and pharmaceuticals, environmental, chemicals & petrochemicals, semiconductor, forensic, defense and homeland security, and other end-user industries. It provides a comprehensive discussion of industry challenges as well as market drivers and restraints. Executive summaries and analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

World Hyphenated Analytical Instrumentation Market
F420

Keywords in this release: hyphenated analytical instrumentation, life sciences, pharmaceuticals, environmental, chemicals, petrochemicals, semiconductor, forensic, defense, homeland security, research, information, market, trends, technology, service, forecast, market share, gas chromatograph-mass spectrophotometer (GC-MS), liquid chromatograph-mass spectrophotometer(LC-MS)

 
 
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Analytical Instrumentation Vendors Target Lucrative Markets as Pharmaceutical Companies Cut Spending

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Publisher Contact: Tori Foster 
210.477.8448 tori.foster[.]frost.com
 
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