Nearly two-thirds of respondents to a recent survey said they would contemplate buying a new handheld X-ray fluorescence (XRF) spectroscopy system if detection limits were improved. Handheld XRF currently makes up a quarter of the XRF market and is expected to post moderate growth compared with laboratory XRF, increasing in the mid-single digits in 2011. […]
Many technologies have made the transition from R&D labs to clinical labs, so it is not surprising that MS has as well. Starting in the 1970s with GC/MS, up to today and the use of LC-MS/MS, the adoption of MS by clinical labs has grown. For small molecules, LC-MS/MS’s high accuracy has made it an […]
For most of January, US stock traded higher on improved economic data and strong corporate earnings. According to the US Commerce Department, the economy grew by an annual rate of 3.2% for the fourth quarter and 2.9% for the year, driven by higher consumer spending and exports. Even the Federal Reserve provided a more optimistic […]
Every year, IBO selects a firm from our industry as Company of the Year. This designation is based on IBO’s recognition that the selected analytical instrument maker has accomplished significant technical, operational and financial achievements during the year. Such achievements are measured by financial performance, market leadership, product introductions and key strategic investments. IBO’s 2010 […]
Chemicals The chemical industry bounced back in 2010, as Asian demand and higher prices led to decreased capacity and higher profitability. According to the American Chemical Council (ACC), chemical production volumes improved 8.8% last year (see IBO 12/15/10), driven by a 12.2% increase in emerging markets. Oxford Economics estimates worldwide production of chemicals and man-made […]
The laboratory equipment market consists of centrifuges, transfection, extraction techniques, fume hoods, biological safety cabinets (BSCs), incubators, microwave-assisted chemistry and fermentors/bioreactors. The lab equipment market accounted for nearly $2.5 billion in revenues in 2010 and will experience modest growth of 4.4% in 2011 to exceed $2.5 billion. Much of this growth will be due to […]
The pace of growth in demand for molecular spectroscopy will be far more moderate in 2011, following a healthy rebound in 2010. As government stimulus spending, which has been a huge boon to academic and government demand for NMR, dwindles in 2011, the growth rate for NMR will be cut in half for the coming […]
The general analytical techniques (GAT) segment is a collection of the most basic laboratory instruments, including electrochemistry instruments, laboratory balances, radioactivity measurement systems, dissolution testing equipment and continuous flow analyzers (CFAs)/discrete analyzers. While these technologies are fundamentally different from each other, they share similar market characteristics. These instruments are somewhat low-end technologies and have revenues […]
Now that 2010 has come to an end on a high note, it is time to look ahead to the coming year and the prospects for the analytical and life science instrument industry. Based on the trends that have been seen during the last half year, it is safe to say 2011 will be a […]
The total market for atomic spectroscopy is forecast to grow 6.5% for 2011, reaching $3.25 billion. Although such growth is quite high for this market, historically speaking, it will fall a bit short of last year’s realized growth of 6.9%, which was strongly buoyed by the improving global economy, outperforming our original expectation that the […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
