Latest Research Report on Reaction Monitoring Market Growth, Industry Revenue Analysis

Factors such as stringent regulatory guidelines in the pharmaceutical & biotechnology industry; expansion of the food and beverages industry; and increasing public-private investments in life science research are driving the market.

The global Reaction Monitoring marke 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.

Market Dynamics

+ Drivers

+ Stringent Regulatory Guidelines in the Pharmaceutical & Biotechnology Industry

+ Expansion of the Food and Beverage Industry

+ Launch of Innovative Products

+ Increasing Public-Private Investments in Life Science Research

+ Increasing Government Support for Strengthening Pollution Monitoring and Control

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This report broadly segments the reaction monitoring market into technology, reaction mode, and end user. On the basis of technology, the market is categorized into spectroscopy, chromatography, X-ray diffraction, calorimetry, and titrimetry. In 2017, the spectroscopy segment is expected to account for the largest share of the market.

The reaction monitoring market is segmented into spectroscopy, chromatography, X-ray diffraction, calorimetry, and titrimetry. The spectroscopy segment is expected to account for largest share of the reaction monitoing market in 2017. The large share of this segment can be attributed to the widespread use of spectroscopic techniques, increasing drug development pipelines, and stringent regulatory compliance for drug manufacturing & food processing protocols.

The reaction monitoring market is segmented into pharmaceutical, biopharmaceutical, and biotechnology companies, life science and genomic research facilities, food and beverage industry, pollution monitoring and control industry, and other end users. The pharmaceutical, biopharmaceutical, and biotechnology companies segment is estimated to command the largest share of the global reaction monitoring market in 2017.

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.

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.

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