Industry forecast for analytical instruments market in 2019

publication date: Jan 31, 2019
 | 
author/source: Kath Darlington, CEO - Scott Partnership Holdings
|
 

20190131


20190131Kath Darlington, CEO - The Scott Partnership Ltd, highlights some of the key findings from the IBO 2019 Industry Forecast. This annual review and forecast issue examines 2019 growth prospects for analytical instruments.

 

As a business based in the UK in January 2019, uncertainty about the market environment is our current status quo. It is therefore always helpful to be able to look externally and see what is happening outside of the UK 'politosphere' and see that there is some optimism and some certainty.

The IBO 2019 Industry Forecast has just been released, and is a great read for all of us who work in and service the global life science and analytical instrument industry.

The good news is that IBO has crunched all its numbers and predicts a continued overall growth of 5% across the industry in 2019. This is expected to be better than each of the three years 2015-2017.

The big performances continue to come from expected segments such as life science, which accounts for 25% of the analytical instrument and lab products industry. Biotech is identified as the area predicted to have the fastest growth in demand for instrumentation in 2019. IBO identifies thirteen technology segments that supply this market segment, and of these, the standout above average performance is expected from microarrays and sequencing. Conversely, below average performance is forecast from both SPR/ label-free detection and also from nucleic acid prep and cell separation.

One note of caution that IBO identifies is that the slowdown due to the trade difficulties between the US and China will have an impact on the market overall in 2019.

The 2019 Forecast report from IBO provides a detailed overview of 2019 projections for all key instrument market segments and is a must-read for anyone involved in the industry. Here is our top line summary of key opportunities by segment. 


 

Mass Spectrometry


 

Chromatography


 

Lab Automation

           1. Liquid handling
           2. Microplate readers and washers
           3. LIMS/ ELNS
           4. Multiplex and high-throughput ELISA
           5. Informatics
           6. Robotics


 

Surface Science


 

Atomic Spectroscopy


 

Molecular Spectroscopy


 

Materials Characterisation


 

General Analytical Techniques


 

Lab Equipment


 

Making the most of market insight

This kind of market insight is invaluable to life science marketers. Not only is current and historical data incredibly useful in determining what share of the market you might have vs. your competitors for bench-marking, but future projections help validate your marketing plans. Putting dollar values against market growth in your segment and thus monetising the growth you are aiming for, will help you to secure resources and investment and evaluate the success of your activities throughout 2019.

The Scott Partnership work closely with clients in many of the segments outlined in the report to better communicate with their complex audiences to grow awareness, change perceptions, generate demand and ultimately, grow market share. Their business is able to support you globally with services into China, Europe and North America.

 

more about the The Scott Partnership

buy the full report



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