The Column - October 2006 - (Page 10)

Market Trends and Analysis The Column www.thecolumn.eu.com October 2006 The Global Laboratory Life Science and Analytical Instrument Industry 2005 Life Science and Analytical The top 50 companies accounted for over The laboratory life science and analytical Instrument Industry $22 billion in annual sales in 2005, instrument industry is comprised of a representing more than 70% of the large diverse group of organizations total instrument market. Many of that manufacture and distribute these industry participants are their products worldwide. broad-based suppliers looking However, overall industry Other companies to expand their market sales are concentrated 28% presence even further among a fairly small set of through mergers and/or companies. Approximately Top 50 instrument acquisitions. 950 firms are included in manufacturers The continued growth in the industry, but only 72% North America, Europe and about 100 companies have Japan has been supported sales of $50 million or more. by the continued demand The instrument industry from pharmaceutical, consists of over 60 individual biotechnology, government and instrument techniques, which are academic institutions, which are grouped into nine technology heavily involved in advanced life science categories: separations, life science research activities. These regions, therefore, instrumentation, mass spectrometry, molecular account for nearly all of the demand for the latest, most spectroscopy, atomic spectroscopy, surface science advanced, and most expensive instruments, which are used in techniques, materials characterization, lab automation and the development of medical diagnostic tools, disease analysis general analytical techniques. and drug development. Regions such as China and other Asia The global market for analytical instrumentation increased Pacific countries have become increasingly involved in the modestly from over $22 billion in 2000 to more than manufacture of pharmaceuticals and electronic products, in $30 billion in 2005. The last few years have been somewhat addition to developing home grown scientific industries of their lacklustre as a result of economic uncertainties, but the future own, though none are yet close to the scale of research already has industry participants fuelled with a higher degree industries in the major economies. of enthusiasm. Based on SDi's analysis, the total analytical The foregoing data was extracted and adapted from instrument market is projected to generate nearly $42 billion in Instrument Business Outlook, an SDi publication, and SDi's annual revenues by 2010. Global Assessment Report, 9th Edition. For more information, As the dynamics of the industry continue to change, savvy contact Glenn Cudiamat, vice president of Research Services, vendors are taking advantage of the new opportunities. Strategic Directions International Inc., 6242 Westchester Technological improvement, new applications and explosive Parkway, Suite 100, Los Angeles, California 90045, USA growth in emerging geographies are all providing a positive tel. +1 310 641 4982, fax +1 310 641 8851, stimulus to the overall analytical instrument market. In e-mail: cudiamat@strategic-directions.com particular, life science research and drug development continue to represent an increasingly prominent source of demand. Author: Glenn Cudiamat E-mail: cudiamat@strategic-directions.com 10 http://www.thecolumn.eu.com

Table of Contents for the Digital Edition of The Column - October 2006

Contents
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Opinion
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The Column - October 2006