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April 22, 2008
Biotechnology Instrumentation Market to Reach $4.6 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Biotechnology Instrumentation market continues to display healthy growth supported by biotech research expansion in pharmaceutical operations, forensics, agriculture environmental monitoring and animal husbandry sectors. Global market is set to reach $4.6 billion by 2010, driven by the continuous advancements in proteomic and genomic discoveries.
San Jose, CA (PRWEB) April 22, 2008 -- Demand for faster and economical ways to produce drugs for the pharmaceutical industry, proteomics, genomics, functional genomics and combinatorial chemistry have led to the advancement of biotechnology instrumentation in recent years. Growth is likely to be supported by major technological innovations in almost all the sectors, especially in chip-based products. Innovations in DNA sequencers, including single-molecule detection technologies, are likely to increase read lengths, decrease out-of-phase chemistry issues and simplify sample preparation process. With several drugs set for patent expiry in the near future, enhanced research activity for development of new drugs escalated the demand for electrophoresis instruments.
United States and Europe collectively dominate the worldwide biotechnology instrumentation market with an estimated 70% share of sales in 2008, as stated by Global Industry Analysts, Inc. Focus is largely centered on development of more advanced, smaller, faster, and highly automated analytical instruments that integrate analytical technologies. In United States, demand for advanced instruments with more throughput abilities is rising across all academic and pharmaceutical laboratories, due to the shift of research focus towards proteomics. Protein/ peptide synthesizers market in United States is projected to be the fastest growing segment.
In Europe, Germany, United Kingdom, and France represent the major markets accounting for about 55% share of the biotechnology instrumentation market. Germany occupies a pivotal position in the European biotech market. DNA sequencers market in Germany is projected to reach $69 million by 2010. Asia-Pacific is expected to be the center of future growth in worldwide biotechnology instruments market, at an impressive CAGR of 7% over the period 2000-2010. HPLC equipment & supplies market in the region is estimated at $207 million for 2008.
Key players profiled in the report include Agilent Technologies Inc., Affymetrix, Applied Biosystems, Beckman Coulter, Bio-Rad Laboratories Inc., Dionex Corporation, GE HealthCare, Gilson Inc, Hitachi High-Technologies Corporation, Perkin-Elmer, Shimadzu Scientific Instruments Inc., Thermo Fisher Scientific Inc, Varian Inc., and Waters Corporation.
The report titled "Biotechnology Instrumentation: A Global Strategic Business Report" published by Global Industry Analysts, Inc. analyzes the market over the period 2000-2015. Product segments analyzed in the report include DNA Synthesizers, Protein/Peptide Synthesizers, DNA Sequencers, Protein/Peptide Sequencers, HPLC Equipment & Supplies, and Electrophoresis Equipment & Supplies. The report reviews recent industry activity, technological innovations, and product introductions of major market participants across various segments.
For more details of this research report please visit http://www.strategyr.com/Biotechnology_Instrumentation_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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Posted by Industrial-Manufacturing at April 22, 2008 01:00 AM