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Reaction Monitoring Market is Poised to Reach USD 1.52 Billion by 2022

 

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. Download a FREE Pdf Brochure @:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52531136

Browse 62 Market Data Tables and 36 Figures spread through 165 Pages and in-depth TOC on “Reaction Monitoring Market by Technology (Spectroscopy (MS, IR, UV, NMR, Raman), Chromatography (GC, LC), Calorimetry, Titrimetry, XRD), Mode (Quantitative, Qualitative), End User (Research, Pharma-Biotech, Food & Beverages Co) — Global Forecasts to 2022”

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 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.

Based on reaction mode, the market is segmented into qualitative reaction mode and quantitative reaction mode. The quantitative reaction mode segment is estimated to command the largest share of the global market in 2017. 

The large share of this segment is mainly due to factors such as ongoing technological advancements in the field of analytical techniques (such as real-time quantification, device miniaturization, and process automation) and ongoing expansion and modernization of the pharmaceutical & biotechnology and food processing industries.

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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Posted by on 26. Juni 2019.

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