Reaction Monitoring Market: Drivers, Restraints, Opportunities, and Challenges
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.
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.
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.
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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.
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.
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This research study involves the extensive usage of secondary sources, directories, and databases (such as Hoover’s, Bloomberg Business, Factiva, and Avention), in order to identify and collect information useful for this technical, market-oriented, and financial study of the reaction monitoring market.
In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects.
Market Drivers — 1. Stringent Regulatory Guidelines in the Pharmaceutical & Biotechnology Industry
2. Expansion of the Food and Beverage Industry
3. Launch of Innovative Products
4. Increasing Public-Private Investments in Life Science Research
5. Increasing Government Support for Strengthening Pollution Monitoring and Control
Market Restraints — — 1. High Product Costs Associated With Analytical Instruments
2. Slow Implementation of Pollution Control Reforms in Developing Countries
3. Uncertain and Inconsistent Environmental Regulations and Funding Across Emerging Countries
Growth Opportunity — 1. Emerging Markets
Market Challenge — 1. Dearth of Skilled Professionals