Market Profiles

The worldwide market for aftermarket products and service for laboratory molecular spectroscopy was worth more than three-quarters of a billion dollars in 2005, representing quite a significant market in its own right. The aftermarket, which accounts for the majority of this market, consists largely of similar products across the varying molecular spectroscopy techniques. Demand for service is for the most part dependent upon the complexity and cost of the initial systems.

Realistically, 2005 was a good year for the laboratory analytical and life science instrument industry. Although growth has moderated from that experienced in the 1990s, a general rebound in worldwide industrial demand, and continued spending for life science and strong growth in Asia and North America drove instrument systems and aftermarket sales. Similar to last year, 2006 should be a year of healthy sales growth as global economic conditions support continued market expansion.

Laboratory fixed-wavelength spectroscopy includes those techniques in which a single or specific excitation wavelength is utilized. There is still significant demand for these instruments in certain applications. The total market for laboratory fixed-wavelength spectroscopy continues to represent a major molecular spectroscopy market, despite being largely overshadowed by scanning and Fourier Transform techniques.

With the unprecendented attention paid to the subject of process analytical technoloy