(PharmaNewsWire.Com, May 10, 2019 ) The global reaction monitoring market is expected to reach USD 1.52 Billion by 2022 from USD 1.09 Billion in 2016 at a CAGR of 5.7% during the forecast period.
As of 2016, Thermo Fisher Scientific (US), Waters (US), and Agilent Technologies (US) held the leading position in the market. These companies adopted product launches, agreements, and partnerships as their business strategies in the past three years to ensure market dominance.
Danaher (US), PerkinElmer (US), Shimadzu (Japan), Bio-Rad Laboratories (US), Bruker (US), Hitachi High-Technologies (Japan), and Merck (Germany) are some of the other major players in market.
Stakeholders -Reaction monitoring instrument manufacturers, suppliers, and distributors -Chemical and analytical instrument manufacturers -Software developers and distributors -Third-party product suppliers and channel partners -Pharma & biotech companies -Clinical research and contract research organizations -Academic institutions and research laboratories -Environmental testing laboratories
The report covers the reaction monitoring market across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to command the largest share of the market in 2017 due to the availability of private-public funding & investments for life science research, stringent regulatory framework for drug development & commercialization, effective implementation & industrial compliance with food safety regulations, rising adoption of technologically advanced pollution monitoring & control products, and growing number of clinical researches in this region.
However, Asia Pacific is expected to register the highest growth rate during the forecast period. Government investments to strengthen food processing & biomedical industry in China & India; rising public emphasis on effective pollution monitoring & control (especially air pollution, water pollution, and biohazard monitoring & control); and increasing public-private funding, investments, & grants for various research activities are some of the major factors driving the growth of the Asia Pacific market.
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