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ARTICLE
Trend sees boom in pharma analytical tools
According to a recent report, analytic separation technology
will
continue to evolve as limitations are addressed and standards grow
even more rigorous, as market drivers such as quality control,
instrument design, and software in the biotech/health care industry
continue to promote its evolution.
The field of analytic separations is composed of both established
& novel technologies and the industry is often
unstable due to the
emergence of newly introduced instruments and methods. It is
comprised of a diverse group of technologies, which are all used to
perform some sort analytic-scale preparation.
Often these technologies may not have much in common, but used
separately or in combination with one another, analytic to create
a
multibillion dollar US market. Latest figures suggest that the US
market for analytic separation techniques will reach approximately
$7.8 billion by the end of 2005.
The estimated average annual growth rate(AGGR) for this market
over the forecast period 2005-2010 is 8.6 per cent and the market
is
expected to reach over $11.8 billion by 2010. US Gross Domestic
Product (GDP) growth in 2004 was up by 4.4 per cent, up from 3 %
in 2003 and 1.9 per cent in 2002.
The report singled out spectroscopy, which accounts for nearly
50 % of the analytical separations market. This is a complex market
comprised of technologies used singly or in combinaton with other
methods to address both broad and niche methods. The report said
that hybrid or hyphenated methods including various combinations
of chromatography and spectroscopy, had experienced a renaissance
of sorts over the past several years.
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