Research Highlights
The global molecular analytical instruments market generated $2,132.0 million in 2018, with a base year growth rate of 7.0%. The market is set to grow further, as the need for portable instruments is increasing. Portability is a key trend in the market where these products are gaining momentum in R&D labs as well. Future-proof instrumentation is key, and research indicates that any instrument should have the option to be upgraded with software and hardware, wherever applicable, for future expansion. North America is the biggest revenue contributing region and is expected to remain so during the forecast period. The need for portable instruments is growing and is expected to play a vital role in lab and process industries, as well. A broad product portfolio that provides a one-shop-stop solution should be the vendors' success mantra. Cost, ease of use, features, and portability are factors driving growth.
The study offers a holistic picture of the opportunities, challenges, and threats for the vendors across the globe.
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