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Demand from Pharmaceutical and Environmental Sectors to Sustain Process Analytical Instrumentation Market in the Short Term States Frost & Sullivan - The pharmaceutical industry's process analytical technology (PAT) initiative and global green environment initiatives supported by regulations are poised to drive the demand for process analytical instruments in the next couple of years
Demand from Pharmaceutical and Environmental Sectors to Sustain Process Analytical Instrumentation Market in the Short Term States Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2011/03/28 - The pharmaceutical industry's process analytical technology (PAT) initiative and global green environment initiatives supported by regulations are poised to drive the demand for process analytical instruments in the next couple of years.

   
 
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New analysis from Frost & Sullivan (testandmeasurement.frost.com), World Process Analytical Instrumentation Market, finds that the markets earned revenues of $2,654.8 million in 2009 and estimates this to reach $3,038.4 million in 2014. The following product segments are covered in the research: process gas chromatographs, process spectrophotometers, process gas analyzers and process liquid analyzers.

If you are interested in a virtual brochure on this study, please send an email to Sarah Saatzer, Corporate Communications, at sarah.saatzer[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

"Presently, the focus in all process industries has shifted to improving process throughput and efficiency," notes Frost & Sullivan Industry Analyst Sivakumar Narayanaswamy. "Process plant engineers achieve enhanced throughput and accuracy in processes with process analytical instruments. This is likely to drive the demand for process analytical instruments in the next couple of years."

Since the beginning of the economic recession, many end-user segments started to emphasize the need to boost process throughput and efficiency by reducing delays in reporting. Existing process analytical instruments provide more comprehensive, precise and accurate information faster than laboratory instruments.

The competition in the total process analytical instrumentation market is intense, with large conglomerates competing with niche market participants. Multinational participants account for more than half the share in this market.

Consolidation in this market is set to further augment competition among key participants in this mature market. This will restrain the potential for revenue growth in the total market with declining prices affecting market revenues.

"Strategies to approach this highly competitive market should include investments in research and development," advises Narayanaswamy. "This would result in new product innovations that could offer greater accuracy and reliability, besides being price competitive."

World Process Analytical Instrumentation Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World Gas Sensors, Detectors and Analyzers Markets, Strategic Analysis of the Sensors Market in Europe, World Sensor Opportunities in HVAC Applications Market and World Temperature Sensors and Transmitters Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

World Process Analytical Instrumentation Market / M593

 
 
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Demand from Pharmaceutical and Environmental Sectors to Sustain Process Analytical Instrumentation Market in the Short Term States Frost & Sullivan

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