CLEVELAND, Dec. 12, 2017 /PRNewswire/ -- US analytical instrument demand is forecast to total $50.2 billion in 2021, according to Analytical Instruments: United States, a report recently released by Freedonia Focus Reports. Increased research and development (R&D) funding will drive gains over the forecast period.
More information about the report is available at
Demand for laboratory instruments is projected to grow the fastest of any discrete segment and remain the largest through 2021. Gains will be driven by increasing R&D funding, particularly for the purpose of developing new pharmaceuticals as older patents expire. Shipments of analytical instruments from facilities in the US are also projected to grow through 2021, driven by rising domestic investment and R&D expenditures in developing countries.
These and other key insights are featured in Analytical Instruments: United States. This report forecasts US analytical instrument demand and shipments in US dollars at the manufacturer level to 2021. Total demand and shipments are segmented by product in terms of:
- laboratory instruments
- process control instruments
- electrical measuring equipment
- other instruments such as those for materials testing, meteorological observation, and surveying
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Healthcare & Biotechnology reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group