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(Medical-NewsWire.com, December 13, 2019 ) Factors such as rising public and private investment in life science research; launch of innovative products; expansion of the food and beverage industry; and stringent regulatory guidelines in the pharmaceutical & biotechnology industry are driving the reaction monitoring market.
Market Size
The global Reaction Monitoring market size is projected to reach USD 1.52 Billion by 2022 from USD 1.15 Billion in 2017, at a CAGR of 5.7%.
Agilent (US), Danaher (US), PerkinElmer (US), Shimadzu (Japan), Thermo Fisher Scientific (US), Bio-Rad Laboratories (US), Bruker (US), Waters (US), Hitachi High-Technologies (Japan), Merck (Germany), ABB (Switzerland), Mettler-Toledo International (US) , and HORIBA (Japan) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
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“Thermo Fisher Scientific Inc. (US) is a leader in the reaction monitoring market”
With its analytical instruments such as chromatography and mass spectrometry. The company has a wide geographic presence across 50 countries across North America, Europe, Asia Pacific, and Latin America. Thermo Fisher primarily focuses on organic and inorganic business strategies such as product launches and acquisitions. In 2016, Thermo Fisher acquired INEL Inc. (France) to integrate INEL's range of XRD instruments into Thermo Fisher’s analytical instruments segment. However, the company’s portfolio falls short in offering reaction monitoring such as titrimetry products.
“Waters Corporation (US) is another leading market player with its advanced range of analytical instruments used for reaction monitoring”
The company offers chromatography, mass spectrometry, and supercritical fluid chromatography for reaction monitoring. The company focuses on product launches to enhance its presence in the reaction monitoring market. The company launched Xevo TQ-XS, including Vion IMS Q-Tof Mass Spectrometer, Oasis PRiME HLB, and ACQUITY UPLC Glycoprotein BEH Amide Column.
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