As a regular feature of our annual forecast issue, IBO selects a firm from our industry as the “company of the year.” In designating the company of the year, IBO recognizes an analytical and life science instrument maker that has accomplished technical, operational and financial achievements. Such achievements are a function of strong financial performance, […]

Agilent Buys Varian Although not officially completed (see IBO 12/31/09), the deal brings together two of the analytical instrument industry’s largest companies, creating a broad-based supplier of laboratory instrumentation and consumables, whose size and diversity of technology offerings for chromatography, MS, atomic spectrometry and molecular spectrometry is matched only by Bruker, Shimadzu and Thermo Fisher […]

The category of general analytical techniques includes a number of technologies, such as laboratory balances, centrifuges and radioactivity-measuring instruments. These techniques do not easily aggregate into a single category, yet are found in most laboratories. Combined, these techniques accounted for about $2.7 billion in sales in 2009, and sales are forecast to grow at a […]

Instruments for materials characterization utilize a diverse range of individual techniques to explore the material properties of the sample, as opposed to chemical or optical properties. With the exception of calorimetry, sales in all of the individual markets declined in 2009, with the total market dipping below $2 billion. Fortunately, the forecast for 2010 is […]

Laboratory automation equipment increases laboratory efficiency, especially in areas where processes depend on repetition and precision. It also increases productivity, throughput and lowers the cost per-sample analyzed. However, this segment of the instrument market was perhaps the most affected by the recession last year. Demand for the overall lab automation market declined 6.5% in 2009 […]

For the first time in many years, the overall MS market actually declined in revenues in 2009, although the 2.5% contraction in demand was fairly small compared to the broader analytical instrument market, let alone the broader economy. IBO expects the MS market to rebound significantly in 2010, growing 8.2% and reaching nearly $2.5 billion […]

The market for separations techniques was hit hard in 2009 due to weakness in the industrial segments, including the chemicals industry, and the pharmaceutical industry. The separations market declined 5.7% in 2009 and accounted for $6.2 billion in sales. While the market is not expected to make a full recovery just yet, it is estimated […]

The Great Recession The overall downturn in demand for laboratory instruments and other laboratory products continued into 2009, as the world economy was largely stagnant before a gradual recovery mid-year. Sales to industrial end-markets were the weakest, as companies slowed or shut down production lines and delayed new projects. New instrument sales suffered as customers […]