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EPR Archived News |
Hyphenated Analytical Instrumentation Vendors Target More Lucrative Markets as Pharmaceutical Companies Reduce Their SpendingReleased on = November 16, 2005, 8:08 am Press Release Author = T. V. Navin Kumar Industry = Electronics Press Release Summary =
New analysis from Frost & Sullivan (www.testandmeasurement.frost.com), World
Hyphenated Analytical Instrumentation Market, reveals that revenues in this market
Press Release Body = Palo Alto, Calif. — November 16, 2005 — 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. New analysis from Frost & Sullivan (www.testandmeasurement.frost.com), World
Hyphenated Analytical Instrumentation Market, reveals that revenues in this market 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 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 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 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. World Hyphenated Analytical Instrumentation Market Contact: Magdalena Oberland Donna Jeremiah www.frost.com 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), Web Site = http:// Contact Details = Tori Foster
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