Advanced Services in the Analytical Instrumentation Market, Forecast to 2022
Advanced Services in the Analytical Instrumentation Market, Forecast to 2022
Enterprise Cloud-based Asset Management Platforms Will Drive Growth
05-Nov-2018
North America
Description
Many organizations in the clinical, laboratory, and facilities sectors still rely on labor-intensive and manual systems for equipment recording, compliance, and risk management operations. The existing average utilization rate is 60% across instrument types in the life sciences space. This means that more than half of all inventories either have missing equipment or lack real knowledge on total cost of ownership (TCO) (often both). Technical challenges persist in providing global network integration and visibility of laboratory operations at every level. A full lifecycle asset management approach is using multiple sources, decentralized systems, disparate work order management systems, legacy solutions, and enterprise resource planning (ERP) tools is no longer sufficient. Existing asset management platforms remain challenged to provide end-to-end support in intensely connected organizational structures and to improve business processes efficiently. The normal average utilization rate of instruments in a laboratory environment is 60% with decentralized systems, disparate inventory, local sourcing, and inadequate visibility. Advanced service providers can improve utilization rates of instruments to 85% with a single cloud platform, central sourcing, and real time end-to-end service support inventory view.
Research Scope
Getting profitability from hardware in the analytical instrumentation market has become increasingly challenging. There is a significant focus on building a platform solution that effectively integrates hardware, software analytics, and services. This research service analyzes new areas of advanced services, including asset management services, radio frequency identification (RFID) inventory control services, laboratory intelligence services, consulting services, and compliance services. The research will include a deep dive into new data-driven business models.
Customer expectations are changing according to business propositions and, contrary to previous belief, the term ‘disruption’ has come to indicate challenging assumptions by delivering new value to customers and generating new revenue streams beyond the constraints of an existing operating model. The study provides forecasts from 2018 to 2022.
Key Issues Addressed
- What are the specific capabilities and investments required to enhance service platform value for customers?
- Can a 360º big-picture view of assets be provided to support evolving requirements?
- Are the capabilities being developed? What are the return on investment (ROI) models developed to understand outcomes and benefits?
- To what extent have competitors developed these capabilities?
- Who are the specific customers to target, and what could be the best approach for a new service delivery?
- With a new advanced service-based approach, which are the challenges that end users are enabled to overcome?
- How can the innovation process of a company be accelerated to ensure a new service business delivery?
Table of Contents
Key Findings
Current and Future Areas of Differentiation
Global Product Segments
Advanced Services and Growth Opportunities for OEMs—Senior Management Top-of-mind Issues
Market Engineering Measurements
CEO’s Perspective
Talk to Experts
Services 2.0 Framework
Re-shaping the Service Value Proposition
Service Business Transformation Checklist
Market Definitions
Market Segmentation
Market Distribution Channels
Market Trends
Business Service Evolution and Landscape
Analytical Instrumentation Service Providers Market Landscape
Market Opportunity Matrix for Advanced Services
Duration of Advanced Services Contract
Market Drivers
Market Restraints
Market Engineering Measurements
Revenue Forecast
Percent Revenue Forecast by Region
Revenue Forecast by Region
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market
Vertical Market Analysis
Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Service Highlights
Growth Opportunity 1—Integrated Service Delivery
Growth Opportunity 2—OPEX Model Service Delivery
Growth Opportunity 3—Shift from a Reactive Business Model to a Proactive Business Model
Growth Opportunity 4—Cross-sell Offers
Growth Opportunity 5—Offline and Online Measurements Services
Growth Opportunity 6—Multi-vendor Services
Strategic Imperatives for Advanced Service Providers
Laboratory Service Management Transformation
Service Variables for Value-added Services
Key Service Differentiators
Vision for Laboratory Enterprise Service Transformation
New Business Models—Creative Destruction and Expansion of Traditional Models
Implications of Asset Management Services
Overview of Asset Management Business Model
Enterprise Laboratory Asset Management Service Integration
Asset Management Service Delivery Business Model
Connected Asset Management Architecture
Asset Management Services Pricing Model Development
Design Roadmap for Asset Management—Dashboards and Pricing Model Approach for Service Packages
Key Findings
Market Engineering Measurements
Revenue Forecast
Market Share
Market Share Analysis
Competitive Environment
Implications of Consulting Services
Overview of Consulting Services
Key Findings
Market Engineering Measurements
Revenue Forecast
Market Share
Market Share Analysis
Competitive Environment
Implications of Compliance Services
Key Findings
Market Engineering Measurements
Revenue Forecast
Market Share
Market Share Analysis
Market Engineering Measurements
Market Segmentation
Market Drivers
Market Restraints
Revenue Forecast
Percent Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market
Vertical Market Analysis
Market Share
Market Share Analysis
Competitive Environment
Asset Management Service Segment Overview
Compliance Services Market Overview
Consulting Services Market Overview
The Last Word—3 Big Predictions
The Last Word—3 Big Recommendations
Legal Disclaimer
Market Engineering Methodology
List of Exhibits
- 1. Total Advanced Services in the Analytical Instrumentation Market: Key Differentiators, Global, 2017–2022
- 2. Total Advanced Services in the Analytical Instrumentation Market: Business Model Assessment Checklist, Global, 2017
- 3. Total Advanced Services in the Analytical Instrumentation Market: Market Trends, Global, 2017
- 4. Total Advanced Services in the Analytical Instrumentation Market: Business Service Evolution and Landscape, Global, 2017–2022
- 5. Total Advanced Services in the Analytical Instrumentation Market: Competitive Landscape, Global, 2017
- 6. Total Advanced Services in the Analytical Instrumentation Market: Equipment Lifecycle, Global, 2017
- 7. Total Advanced Services in the Analytical Instrumentation Market: Key Market Drivers, Global, 2018–2022
- 8. Total Advanced Services in the Analytical Instrumentation Market: Key Market Restraints, Global, 2018–2022
- 9. Total Advanced Services in the Analytical Instrumentation Market: Market Engineering Measurements, Global, 2017
- 10. Total Advanced Services in the Analytical Instrumentation Market: Revenue Forecast by Region, Global, 2016–2022
- 11. Total Advanced Services in the Analytical Instrumentation Market: Revenue Forecast by Vertical Market, Global, 2016–2022
- 12. Total Advanced Services in the Analytical Instrumentation Market: Market Share Analysis of Top 4 Participants, Global, 2017
- 13. Total Advanced Services in the Analytical Instrumentation Market: Competitive Structure, Global, 2017
- 14. Total Advanced Services in the Analytical Instrumentation Market: SWOT Analysis, Global, 2017
- 15. Total Advanced Services in the Analytical Instrumentation Market: Laboratory Service Management Transformation, Global, 2017–2022
- 16. Total Advanced Services in Analytical Instrumentation Market: Service Variables for Value-added Services, Global, 2017
- 17. Total Advanced Services in Analytical Instrumentation Market: Challenges and Key Service Differentiators, Global, 2017
- 18. Total Advanced Services in Analytical Instrumentation Market: Monetization to Enterprise Service Transformation, Global, 2017
- 19. Asset Management Services Segment: Service Focus, Global, 2017
- 20. Asset Management Services Segment: Business Model, Global, 2017
- 21. Asset Management Services Segment: End-to-end Service Management, Global, 2017
- 22. Asset Management Services Segment: Connected Architecture, Global, 2017
- 23. Asset Management Services Segment: Pricing Model Development, Global, 2017
- 24. Asset Management Services Segment: Suggested Dashboards Pricing Model Approach for Service Packages, Global, 2017
- 25. Asset Management Services Segment: Market Engineering Measurements, Global, 2017
- 26. Asset Management Services Segment: Market Share Analysis of Top 5 Participants, Global, 2017
- 27. Asset Management Services Segment: Competitive Structure, Global, 2017
- 28. Consulting Services Segment: Services Focus, Global, 2017
- 29. Consulting Services Segment: Market Engineering Measurements, Global, 2017
- 30. Consulting Services Segment: Market Share Analysis of Top 3 Participants, Global, 2017
- 31. Consulting Services Segment: Competitive Structure, Global, 2017
- 32. Compliance Services Segment: Services Focus, Global, 2017
- 33. Compliance Services Segment: Market Engineering Measurements, Global, 2017
- 34. Compliance Services Segment: Market Share Analysis of Top 3 Participants, Global, 2017
- 35. Compliance Services Segment: Competitive Structure, Global, 2017
- 36. Advanced Services in the Analytical Instrumentation Market: Key Market Drivers, India, 2018–2022
- 37. Advanced Services in the Analytical Instrumentation Market: Key Market Restraints, India, 2018–2022
- 38. Advanced Services in the Analytical Instrumentation Market: Revenue Forecast by Vertical Market, India, 2016–2022
- 39. Advanced Services in the Analytical Instrumentation Market: Market Share Analysis of Top 5 Participants, India, 2017
- 40. Advanced Services in the Analytical Instrumentation Market: Competitive Structure, Global, 2017
- 1. Analytical Instrumentation Market: Key Service Product Trends Map, Global, 2017–2022
- 2. Total Advanced Services in the Analytical Instrumentation Market: Senior Executive Top-of-mind Issues, Global, 2017
- 3. Total Advanced Services in the Analytical Instrumentation Market: Market Engineering Measurements, Global, 2017
- 4. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Breakdown by Services Segment, Global, 2017
- 5. Total Advanced Services in the Analytical Instrumentation Market: Distribution Channel Analysis, Global, 2017
- 6. Total Advanced Services in the Analytical Instrumentation Market: Market Opportunity Matrix, Global, 2017–2022
- 7. Total Advanced Services in the Analytical Instrumentation Market: Duration of Contracts, Global, 2017
- 8. Asset Management Services in Analytical Instrumentation Market: Usage Rate of Instruments, Global, 2017
- 9. Total Advanced Services in the Analytical Instrumentation Market: Revenue Forecast, Global, 2016–2022
- 10. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Forecast by Region, Global, 2016–2022
- 11. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Forecast by Vertical Market, Global, 2016–2022
- 12. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Shares Evolution by Vertical Market, Global, 2017 and 2022
- 13. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Breakdown, Global, 2017
- 14. Total Advanced Services Market in Analytical Instrumentation: Percent Revenue Breakdown by Segment, Global, 2017
- 15. Asset Management Services Segment: Revenue Forecast, Global, 2016–2022
- 16. Asset Management Services Segment: Percent Revenue Breakdown, Global, 2017
- 17. Total Advanced Services Market in Analytical Instrumentation: Percent Revenue Breakdown by Segment, Global, 2017
- 18. Consulting Services Segment: Revenue Forecast, Global, 2016–2022
- 19. Consulting Services Segment: Percent Revenue Breakdown, Global, 2017
- 20. Total Advanced Services Market in Analytical Instrumentation: Percent Revenue Breakdown by Segment, Global, 2017
- 21. Compliance Services Segment: Revenue Forecast, Global, 2016–2022
- 22. Compliance Services Segment: Percent Revenue Breakdown, Global, 2017
- 23. Advanced Services in the Analytical Instrumentation Market: Market Engineering Measurements, India, 2017
- 24. Advanced Services in the Analytical Instrumentation Market: Percent Revenue Breakdown by Services, India, 2017
- 25. Advanced Services in the Analytical Instrumentation Market: Revenue Forecast, India, 2016–2022
- 26. Advanced Services in the Analytical Instrumentation Market: Percent Revenue Forecast by Vertical Market, India, 2016–2022
- 27. Advanced Services in the Analytical Instrumentation Market: Percent Revenue Shares Evolution by Vertical Market, India, 2017 and 2022
- 28. Advanced Services Market: Percent Revenue Breakdown, India, 2017
- 29. Asset Management Services Segment: Revenue Forecast, India, 2017 and 2022
- 30. Compliance Services Segment: Revenue Forecast, India, 2017 and 2022
- 31. Consulting Services Segment: Revenue Forecast, India, 2017 and 2022
Popular Topics
Research Scope
Getting profitability from hardware in the analytical instrumentation market has become increasingly challenging. There is a significant focus on building a platform solution that effectively integrates hardware, software analytics, and services. This research service analyzes new areas of advanced services, including asset management services, radio frequency identification (RFID) inventory control services, laboratory intelligence services, consulting services, and compliance services. The research will include a deep dive into new data-driven business models.
Customer expectations are cha
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Podcast | No |
Table of Contents | | Executive Summary~ || Key Findings~ || Current and Future Areas of Differentiation~ || Global Product Segments~ || Advanced Services and Growth Opportunities for OEMs—Senior Management Top-of-mind Issues~ || Market Engineering Measurements~ || CEO’s Perspective~ || Talk to Experts~ || Services 2.0 Framework~ || Re-shaping the Service Value Proposition~ || Service Business Transformation Checklist~ | Market Overview~ || Market Definitions~ || Market Segmentation~ || Market Distribution Channels~ || Market Trends~ || Business Service Evolution and Landscape~ || Analytical Instrumentation Service Providers Market Landscape~ || Market Opportunity Matrix for Advanced Services~ || Duration of Advanced Services Contract~ | Drivers and Restraints—Total Advanced Services in the Analytical Instrumentation Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Advanced Services in the Analytical Instrumentation Market~ || Market Engineering Measurements~ || Revenue Forecast~ || Percent Revenue Forecast by Region~ || Revenue Forecast by Region~ || Percent Revenue Forecast by Vertical Market~ || Revenue Forecast by Vertical Market~ || Vertical Market Analysis~ | Market Share and Competitive Analysis—Total Advanced Services in the Analytical Instrumentation Market~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ || Top Competitors~ || Service Highlights~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Integrated Service Delivery~ || Growth Opportunity 2—OPEX Model Service Delivery~ || Growth Opportunity 3—Shift from a Reactive Business Model to a Proactive Business Model~ || Growth Opportunity 4—Cross-sell Offers~ || Growth Opportunity 5—Offline and Online Measurements Services~ || Growth Opportunity 6—Multi-vendor Services~ || Strategic Imperatives for Advanced Service Providers~ | Visioning Scenarios~ || Laboratory Service Management Transformation~ || Service Variables for Value-added Services~ || Key Service Differentiators~ || Vision for Laboratory Enterprise Service Transformation~ || New Business Models—Creative Destruction and Expansion of Traditional Models~ | Asset Management Services Segment Analysis~ || Implications of Asset Management Services~ || Overview of Asset Management Business Model~ || Enterprise Laboratory Asset Management Service Integration~ || Asset Management Service Delivery Business Model~ || Connected Asset Management Architecture~ || Asset Management Services Pricing Model Development~ || Design Roadmap for Asset Management—Dashboards and Pricing Model Approach for Service Packages~ || Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ | Consulting Services Segment Analysis~ || Implications of Consulting Services~ || Overview of Consulting Services~ || Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ | Compliance Services Segment Analysis~ || Implications of Compliance Services~ || Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ || Market Share~ || Market Share Analysis~ | Advanced Services in the Indian Analytical Instrumentation Market~ || Market Engineering Measurements~ || Market Segmentation~ || Market Drivers~ || Market Restraints~ || Revenue Forecast~ || Percent Revenue Forecast by Vertical Market~ || Revenue Forecast by Vertical Market~ || Vertical Market Analysis~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ || Asset Management Service Segment Overview~ || Compliance Services Market Overview~ || Consulting Services Market Overview~ | The Last Word~ || The Last Word—3 Big Predictions~ || The Last Word—3 Big Recommendations~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Exhibits~ |
List of Charts and Figures | 1. Total Advanced Services in the Analytical Instrumentation Market: Key Differentiators, Global, 2017–2022 ~ 2. Total Advanced Services in the Analytical Instrumentation Market: Business Model Assessment Checklist, Global, 2017~ 3. Total Advanced Services in the Analytical Instrumentation Market: Market Trends, Global, 2017~ 4. Total Advanced Services in the Analytical Instrumentation Market: Business Service Evolution and Landscape, Global, 2017–2022~ 5. Total Advanced Services in the Analytical Instrumentation Market: Competitive Landscape, Global, 2017~ 6. Total Advanced Services in the Analytical Instrumentation Market: Equipment Lifecycle, Global, 2017~ 7. Total Advanced Services in the Analytical Instrumentation Market: Key Market Drivers, Global, 2018–2022~ 8. Total Advanced Services in the Analytical Instrumentation Market: Key Market Restraints, Global, 2018–2022~ 9. Total Advanced Services in the Analytical Instrumentation Market: Market Engineering Measurements, Global, 2017~ 10. Total Advanced Services in the Analytical Instrumentation Market: Revenue Forecast by Region, Global, 2016–2022~ 11. Total Advanced Services in the Analytical Instrumentation Market: Revenue Forecast by Vertical Market, Global, 2016–2022~ 12. Total Advanced Services in the Analytical Instrumentation Market: Market Share Analysis of Top 4 Participants, Global, 2017~ 13. Total Advanced Services in the Analytical Instrumentation Market: Competitive Structure, Global, 2017~ 14. Total Advanced Services in the Analytical Instrumentation Market: SWOT Analysis, Global, 2017~ 15. Total Advanced Services in the Analytical Instrumentation Market: Laboratory Service Management Transformation, Global, 2017–2022~ 16. Total Advanced Services in Analytical Instrumentation Market: Service Variables for Value-added Services, Global, 2017~ 17. Total Advanced Services in Analytical Instrumentation Market: Challenges and Key Service Differentiators, Global, 2017~ 18. Total Advanced Services in Analytical Instrumentation Market: Monetization to Enterprise Service Transformation, Global, 2017~ 19. Asset Management Services Segment: Service Focus, Global, 2017~ 20. Asset Management Services Segment: Business Model, Global, 2017~ 21. Asset Management Services Segment: End-to-end Service Management, Global, 2017~ 22. Asset Management Services Segment: Connected Architecture, Global, 2017~ 23. Asset Management Services Segment: Pricing Model Development, Global, 2017~ 24. Asset Management Services Segment: Suggested Dashboards Pricing Model Approach for Service Packages, Global, 2017~ 25. Asset Management Services Segment: Market Engineering Measurements, Global, 2017~ 26. Asset Management Services Segment: Market Share Analysis of Top 5 Participants, Global, 2017~ 27. Asset Management Services Segment: Competitive Structure, Global, 2017~ 28. Consulting Services Segment: Services Focus, Global, 2017~ 29. Consulting Services Segment: Market Engineering Measurements, Global, 2017~ 30. Consulting Services Segment: Market Share Analysis of Top 3 Participants, Global, 2017~ 31. Consulting Services Segment: Competitive Structure, Global, 2017~ 32. Compliance Services Segment: Services Focus, Global, 2017~ 33. Compliance Services Segment: Market Engineering Measurements, Global, 2017~ 34. Compliance Services Segment: Market Share Analysis of Top 3 Participants, Global, 2017~ 35. Compliance Services Segment: Competitive Structure, Global, 2017~ 36. Advanced Services in the Analytical Instrumentation Market: Key Market Drivers, India, 2018–2022~ 37. Advanced Services in the Analytical Instrumentation Market: Key Market Restraints, India, 2018–2022~ 38. Advanced Services in the Analytical Instrumentation Market: Revenue Forecast by Vertical Market, India, 2016–2022~ 39. Advanced Services in the Analytical Instrumentation Market: Market Share Analysis of Top 5 Participants, India, 2017~ 40. Advanced Services in the Analytical Instrumentation Market: Competitive Structure, Global, 2017~| 1. Analytical Instrumentation Market: Key Service Product Trends Map, Global, 2017–2022~ 2. Total Advanced Services in the Analytical Instrumentation Market: Senior Executive Top-of-mind Issues, Global, 2017~ 3. Total Advanced Services in the Analytical Instrumentation Market: Market Engineering Measurements, Global, 2017~ 4. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Breakdown by Services Segment, Global, 2017~ 5. Total Advanced Services in the Analytical Instrumentation Market: Distribution Channel Analysis, Global, 2017~ 6. Total Advanced Services in the Analytical Instrumentation Market: Market Opportunity Matrix, Global, 2017–2022~ 7. Total Advanced Services in the Analytical Instrumentation Market: Duration of Contracts, Global, 2017~ 8. Asset Management Services in Analytical Instrumentation Market: Usage Rate of Instruments, Global, 2017~ 9. Total Advanced Services in the Analytical Instrumentation Market: Revenue Forecast, Global, 2016–2022~ 10. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Forecast by Region, Global, 2016–2022~ 11. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Forecast by Vertical Market, Global, 2016–2022~ 12. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Shares Evolution by Vertical Market, Global, 2017 and 2022~ 13. Total Advanced Services in the Analytical Instrumentation Market: Percent Revenue Breakdown, Global, 2017~ 14. Total Advanced Services Market in Analytical Instrumentation: Percent Revenue Breakdown by Segment, Global, 2017~ 15. Asset Management Services Segment: Revenue Forecast, Global, 2016–2022~ 16. Asset Management Services Segment: Percent Revenue Breakdown, Global, 2017~ 17. Total Advanced Services Market in Analytical Instrumentation: Percent Revenue Breakdown by Segment, Global, 2017~ 18. Consulting Services Segment: Revenue Forecast, Global, 2016–2022~ 19. Consulting Services Segment: Percent Revenue Breakdown, Global, 2017~ 20. Total Advanced Services Market in Analytical Instrumentation: Percent Revenue Breakdown by Segment, Global, 2017~ 21. Compliance Services Segment: Revenue Forecast, Global, 2016–2022~ 22. Compliance Services Segment: Percent Revenue Breakdown, Global, 2017~ 23. Advanced Services in the Analytical Instrumentation Market: Market Engineering Measurements, India, 2017~ 24. Advanced Services in the Analytical Instrumentation Market: Percent Revenue Breakdown by Services, India, 2017~ 25. Advanced Services in the Analytical Instrumentation Market: Revenue Forecast, India, 2016–2022~ 26. Advanced Services in the Analytical Instrumentation Market: Percent Revenue Forecast by Vertical Market, India, 2016–2022~ 27. Advanced Services in the Analytical Instrumentation Market: Percent Revenue Shares Evolution by Vertical Market, India, 2017 and 2022~ 28. Advanced Services Market: Percent Revenue Breakdown, India, 2017~ 29. Asset Management Services Segment: Revenue Forecast, India, 2017 and 2022~ 30. Compliance Services Segment: Revenue Forecast, India, 2017 and 2022~ 31. Consulting Services Segment: Revenue Forecast, India, 2017 and 2022~ |
Author | Mariano Kimbara |
Industries | Test and Measurement Instrumentation |
WIP Number | K26B-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9404-A5,9594,9823-A8,9ACC-A5 |