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China and India would Drive the BRICS Market with High Demand from Healthcare and Environmental Reforms
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This study analyzes the total analytical instrumentation market in BRICS countries. The analytical instruments play a crucial role in R&D and laboratory purpose in various industries as well as government and academia sector. The market is at mature stage and the growth will come from the growing life sciences, biotechnology, food & packaging, agriculture, and academia sectors in the BRICS countries. China and India will pave the way for overall market growth. Moderate to high growth opportunities exist for analytical instrumentation manufacturers in the chromatography, mass spectrometer, and analytical microscopes product segments. The total market revenue in 2017 is $2.25 billion and the market is expected to grow at a CAGR of 4.6% between 2018 and 2022. This study focuses on the trends, challenges, and factors driving market growth. Also included are the products, and individual country market analyses, along with a competitive analysis. The study provides a comprehensive list of products and technologies being used in the BRICS region. A list of key market participants and their respective market share have been included. The leading global analytical instrumentation manufacturers are also the top players in the BRICS region and at individual country level. The leading players dominate the market and have the most influence on the market performance, technology innovation, pricing, and product features. This research service provides the necessary business intelligence to accelerate growth in a fast-paced market.
The key product segments covered in the study include Chromatograph, Molecular Analysis Spectrometer, Elemental Analysis Spectrometer, Mass Spectrometer, Analytical Microscopes, Gas Analyzers, Liquid Analyzers, and Analytical X-ray Instrumentation. The study provides revenue breakdown by vertical markets which include Pharmaceuticals, Biotechnology & Life Sciences, Government, Academics & Research Institutes, Food, Environmental, Oil & Gas, and Chemical & Petrochemical among others. This study also discusses various macroeconomic factors and trends in Brazil, Russia, India, China, and South Africa.
Key Issues Addressed
A comprehensive list of market participants that operate throughout the BRICS region is provided in the study.
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