Dublin, Dec. 30, 2021 (GLOBE NEWSWIRE) — The “Global Reaction Monitoring Market (2021-2027) by Technology, Reaction Mode, End User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Reaction Monitoring Market is estimated to be USD 1.3 Bn in 2021 and is expected to reach USD 1.82 Bn by 2027, growing at a CAGR of 5.8%.
Market Dynamics
Major factors that drive the market growth are the rising public emphasis on effective pollution monitoring & control especially air pollution, water pollution, and biohazard monitoring & control, widespread use of spectroscopic techniques, increasing drug development pipelines, and stringent regulatory compliance for drug manufacturing & food processing protocols. Also, rapid technological advancements in the field of analytical techniques such as real-time quantification, device miniaturization, and process automation helps in boosting the market growth.
Furthermore, rapid expansion and modernization of the pharmaceutical & biotechnology and food processing industries, increasing usage of analytical techniques during quality assessment and increasing public-private funding, investments, & grants for various research activities along with growing number of clinical researches are some of the major factors that helps in boosting the market growth during the forecast period.
However, the high costs associated with analytical instruments and lack of skilled expertise may create hindrances in the growth of the Global Reaction Monitoring Market to a certain extent.
Market Segmentation
By Technology, the market is classified into Spectroscopy, Chromatography, X-ray Diffraction, Calorimetry, and Titrimetry. Amongst all, the Spectroscopy segment is estimated to hold the highest market share.
By Reaction Mode, the market is classified into Quantitative Monitoring and Qualitative Monitoring. Amongst these, the Quantitative Monitoring segment is estimated to hold the highest market share.
By End User, the market is classified into Pharmaceutical, Biopharmaceutical, and Biotechnology Companies, Life Science & Genomic Research Facilities, Food & Beverages Industry, Pollution Monitoring & Control Industry and Other End Users. Amongst these, the pharmaceutical, biopharmaceutical, and biotechnology companies segment is estimated to hold the highest market share.
By Geography, North America is projected to register the highest CAGR during the forecast period.
Company Profiles
Some of the companies covered in this report are Bruker Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Waters Corporation, PerkinElmer, Inc., Danaher Corporation, Rigaku Corporation, Hitachi High-Technologies Corporation, Merck & Co. Inc., Restek Corporation, ABB Ltd. (ABB Group), Mettler-Toledo International…