Q1 2017 Market Update

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The overall market for analytical instrumentation increased 3.8% for the quarter due to strong growth from pharmaceutical and biotechnology. Demand from the industrial sector seems to hit a turning point and experienced robust growth for the quarter.  Academia and government saw some weakness for the quarter, mainly due to slow growth in the US. Asia continued to expand driven by China, India and Korea. Latin America saw double-digit growth, while the US was flat.  Demand was strong in Europe, but was negatively impacted by currency translation.

Chromatography, mass spectrometry and automation technologies fueled growth for the quarter. Demand from life science products increased in the mid-single-digit range, while spectroscopy and microscopy was flat. Currency effects deflated the market approximately two percent for the quarter.

2017 ($B)

Q1

Q2 Est.

Q3 Est.

Q4 Est.

Total Market

12.6

12.8

13.2

13.8

YTD

12.6

25.3

38.5

52.3

Q/Q Growth

3.8%

1.9%

2.7%

-0.5%

This information comes from Top-Down Analytics Industry Data. To find out more, click here.