Frost Radar in the Global Laboratory Analytical Instrumentation Market
Published on: 12-Apr-2019 | SKU: TM00582-GL-MR_23078

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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.

  • 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.

  • 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.

  • 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.

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Impacting your company's future growth potential.

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
More Information
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

Test and Measurement InstrumentationFrost Radar in the Global Laboratory Analytical Instrumentation Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
12-Apr-2019
REGION
Global
Deliverable Type
Frost Radar
Research Code: K34E-01-00-00-00
SKU: TM00582-GL-MR_23078
AvailableYesPDF Download
$4,950.00
In stock
SKU
TM00582-GL-MR_23078