Analytical Instrument Market in US to Grow by $ 5.57 Billion through 2021-2025
Technavio research projects the analytical instrument market in US to grow by $ 5.57 bn, accelerating at a CAGR of almost 3% till 2025. The growth trajectory of the market in US is traced through a detailed analysis of the prevalent market in US forces, trends, and drivers along with competitive benchmarking
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Analytical Instrument Market: Key market in US Driver
One of the primary factors that will trigger the growth of the analytical instrument market in US is the rise in demand for generic drugs. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Analytical Instrument Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Bio-Rad Laboratories, Inc, Bruker Corp., Danaher Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., and Siemens AG are some of the major market in US participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Analytical Instrument Market in US Size to Grow by $ 5.57 bn through 2021-2025
The analytical instrument market in US is expected to grow by $ 5.57 bn, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Analytical instrument market in US : Segmentation by Product
This report provides a detailed analysis of the market by Product (Others, Process control instruments, Laboratory analytical instruments, and Electrical measurement equipment) and End User (Pharmaceutical and biotechnology companies, Food and beverage companies, Environmental testing organizations, and Others). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Analytical instrument market in US : Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Bio-Rad Laboratories, Inc, Bruker Corp., Danaher Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The analytical instrument market in the US has the potential to grow by USD 5.57 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.64%.
This analytical instrument market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (process control instruments, laboratory analytical instruments, electrical measurement equipment, and others) and end-user (pharmaceutical and biotechnology companies, food and beverage companies, environmental testing organizations, and others). The analytical instrument market in US report also offers information on several market vendors, including ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Bio-Rad Laboratories, Inc, Bruker Corp., Danaher Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., and Siemens AG among others. View our Free Sample Report
Analytical Instrument Market: Segmentation by Product
The increased adoption of industrial automation in process manufacturing industries will play a key role in driving the growth of the process control instruments segment of the analytical instrument market in the US during the forecast period. The growth in domestic demand due to increased demand from major end-user industries, such as packaging, food, and water and wastewater, and the growth in exports from the US chemical industry are expected to propel the demand for chemical products during the forecast period. The growing domestic demand and exports of chemical products from the US are expected to spur production and, subsequently, propel the demand for analytical instruments.
The rise in demand for generic drugs is notably driving the analytical instrument market in US growth, although factors such as challenges related to equipment design may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the analytical instrument industry in US.
Analytical Instrument Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Bio-Rad Laboratories, Inc, Bruker Corp., Danaher Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
