Commenting on the report, an analyst from TechNavio’s Engineering team said: “The Global Scientific Instrument market is growing at a rapid pace. Therefore, several major players in the market are trying to expand their presence in the market. A number of mergers, acquisitions, and strategic alliances are taking place in the market space. Many big players and emerging contenders in the Global Scientific Instrument market are looking for mergers and acquisitions. Moreover, many vendors are creating alliances with smaller and bigger companies to capture more market share. This enhances their distribution channels and improves their market reach. Thus, mergers and acquisitions help companies remain competitive in the market.”
According to the report, one of the major drivers is the increasing demand from developing countries. The process industries in developing and emerging economies such as China, India, South Africa, and Brazil are experiencing high growth. This creates huge potential for the growth of the Global Scientific Instrument market during the forecast period. Rapidly growing process industries such as the Mining and Chemical industries are increasingly adopting general purpose analytical instruments for their elemental analysis and separation analysis processes.
Further, the report discusses that one of the major challenges confronting the market is the decrease in global healthcare spending.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/content/global-scientific-instrument-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit http://www.technavio.com/engineering-software
Follow us on Twitter https://twitter.com/TechNavio