Thermo Fisher Scientific Inc. (US) and Waters Corporation (US) are the Key Players in the Reaction Monitoring Market
The global reaction monitoring market is expected to grow at a CAGR of 5.7% between 2017 and 2022. Factors such as rising public and private investment in life science research; launch of innovative products; expansion of the food and beverage industry; and stringent regulatory guidelines in the pharmaceutical & biotechnology industry are driving the reaction monitoring market.
Analysis of the market developments between 2014 and 2017 revealed that several growth strategies such as product launches, strategic acquisitions, agreements, contracts, partnerships, collaborations, and market expansions are adopted by the market players to strengthen their product portfolios and maintain a competitive position in the reaction monitoring market. Among these business strategies product launches, expansions, product showcases, and agreements were the most widely adopted growth strategies.
Key players such as Thermo Fisher Scientific (US), Waters (US), Agilent Technologies (US), Danaher (US), and ABB (Switzerland) in the reaction monitoring market are focusing on growth strategies such as product launches & approvals, and agreements, partnerships & collaborations. For instance, in 2017, Thermo Fisher Scientific signed an agreement with Biognosys AG (Switzerland) to enable library creation and data processing for Data-Independent Acquisition (DIA) studies, through the combined use of Orbitrap mass spectrometers and Spectronaut Pulsar software. In 2016, Waters launched Xevo TQ-XS and a new product line of Differential Scanning Calorimeters. Similarly, in 2016, Agilent Technologies launched Intuvo 9000 GC Solution and 1260 Infinity II Liquid Chromatography System.
Thermo Fisher Scientific Inc. (US) is a leader in the reaction monitoring market with its analytical instruments such as chromatography and mass spectrometry. The company has a wide geographic presence across 50 countries across North America, Europe, Asia Pacific, and Latin America. Thermo Fisher primarily focuses on organic and inorganic business strategies such as product launches and acquisitions. In 2016, Thermo Fisher acquired INEL Inc. (France) to integrate INEL's range of XRD instruments into Thermo Fisher’s analytical instruments segment. However, the company’s portfolio falls short in offering reaction monitoring such as titrimetry products.
Waters Corporation (US) is another leading market player with its advanced range of analytical instruments used for reaction monitoring. The company offers chromatography, mass spectrometry, and supercritical fluid chromatography for reaction monitoring. The company focuses on product launches to enhance its presence in the reaction monitoring market. The company launched Xevo TQ-XS, including Vion IMS Q-Tof Mass Spectrometer, Oasis PRiME HLB, and ACQUITY UPLC Glycoprotein BEH Amide Column.
Related Reports:
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
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