A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
12-Apr-2019
Global
Frost Radar
K34E-01-00-00-00
TM00582-GL-MR_23078
The global laboratory analytical instrumentation market is estimated to experience a 6.6% compound annual growth rate from 2018 to 2025. The objective of this study is to identify the key companies, their success factors, and opportunities for growth. The study compares different companies on a growth index and innovation index. The project includes separation analysis, molecular spectroscopy analysis, and elemental spectroscopy analysis.
Predictive maintenance, the Internet of Things, and Big Data analytics are key trends in this market space. While the market is mature overall, Fourier-transform infrared (FTIR) and Raman spectrometers are showing close to double-digit growth rates.The key end-user segments include pharmaceutical, environmental, and education. European and Asian markets grew, but this was offset by weakness in North America due to hiccups in pharma industrial growth with the prevailing political situation.
The companies analyzed in this report include Agilent, Bruker, Buck Scientific, Elico, Gilson, GOW-MAC, HORIBA, JASCO, JEOL, LECO, Metrohm, Ocean Optics, Oxford Instruments, PerkinElmer, Renishaw, SCIEX, Shimadzu, SPECTRO, Thermo Fisher, and Waters.
The Radar plots companies as either disruptors, visionaries, agitators, or contenders.
-- Disruptors are companies that are no longer simply agitating the market with their new products and solutions but are making great strides in market penetration. These are likely to be medium-sized companies that are growing fast and disrupting the market, with the potential for a leadership position in the future.
-- Visionaries are market leaders that are at the forefront of innovation. They grow their leadership position through continuous innovation and create new products and solutions that serve the evolving needs of the customer base. These companies are also best positioned to strategically broaden their product portfolio.
-- Agitators are companies that have a targeted solution or product typically for a narrow segment of the market and are agitating but not yet succeeding in making significant inroads into the market. They are typically made up of start-ups or emerging companies, but may also include larger companies that are engaged but not dominant in this space.
-- Contenders consist of two types of companies: those that may have had a leadership position and are trying to win it back through re-invention, and those that contend for leadership through heavy investment in research and development and innovation.
Author: Sujan Sami
Industry Overview
The Frost Radar
Frost Radar—Description of Companies Plotted
Frost Radar—Description of Companies Plotted (continued)
Frost Radar—Description of Companies Plotted (continued)
Frost Radar—Description of Companies Plotted (continued)
Frost Radar—Description of Companies Plotted (continued)
Agilent Technologies, Inc.
Analytik Jena AG
Anton Paar GmbH
Bruker
Buck Scientific
Elico
Gilson Incorporated
GOW-MAC Instrument Co.
HORIBA, Ltd.
JASCO
JEOL Ltd.
LECO Corporation
Metrohm AG
Ocean Optics, Inc.
Oxford Instruments
PerkinElmer Inc.
Renishaw plc.
SCIEX
Shimadzu Corporation
SPECTRO Analytical Instruments GmbH
Thermo Fisher Scientific Inc.
Waters
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Sujan Sami |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K34E-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9ACC-A5 |
Frost Radar in the Global Laboratory Analytical Instrumentation Market
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