Press Release

Pharma & Biotechnology Sector in India to Generate High Demand for Analytical Instruments until 2023

Increasing investments in research and development coupled with growing end use industries such as pharmaceutical & healthcare, F&B, etc., to push demand for analytical instruments in India through 2023

According to TechSci Research report, India Analytical Instrument Market By Application Type, By Product Type, By Instrument Type, Competition Forecast & Opportunities, 2023”, India analytical instrument market is forecast to surpass $ 3.7 billion by 2023. Analytical instruments offer measurement of a wide range of quantitative and qualitative properties (physical and chemical properties) such as molecular mass, pH, conductivity, total organic matter, biological oxygen demand, etc., of a substance/sample. Owing to these properties of analytical instruments, they are largely preferred across various end use industries. Increasing stringent FDA standards and rising concerns regarding food safety is leading to huge investments in instruments for drugs and vaccine manufacturing, thereby positively influencing India analytical instrument market. Moreover, food & beverages industry is witnessing significant growth and consistent growth in demand for water and wastewater treatment in the country’s industrial sector is expected to further push demand for analytical instruments in India during forecast period.  

Browse 46 market data Figures and 14 Tables spread through 120 Pages and an in-depth TOC on " India Analytical Instrument Market "

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Industrial sectors such as power, pharmaceuticals, chemical, petrochemical, and food & beverage have been witnessing consistent growth in India over the past few years and the trend is expected to continue in the coming years as well. Growth of these sectors is likely to boost demand for analytical instruments across the country over the next five years. Moreover, stringent environmental policies of Central Pollution Control Board such as ‘Zero Liquid Discharge’ have led to investments in establishment of sewage treatment plants across the country. This coupled with river cleaning programs such as “Namami Ganga”, etc., are anticipated to further boost sales of analytical instruments during the forecast period.

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A large demand for analytical instruments emanates from Southern region of India, mainly in cities like Hyderabad and Bengaluru. Major industries like pharmaceutical, biotechnology, chemical, food & beverages, etc., are located in the country’s southern region, which generate a huge demand for analytical instruments. “Increase in public-private investments in research & development field over the last few year and establishment of laboratories to improve educational infrastructure coupled with increasing environmental monitoring standards is likely to propel demand for analytical instruments in India over the course of next five years. Such developments would provide lucrative opportunities to analytical instrument manufacturing companies operating in India through 2023.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Analytical Instrument Market By Application Type, By Product Type, By Instrument Type, Competition Forecast & Opportunities, 2023 has evaluated the future growth potential of India analytical instrument market and provides statistics and information on market structure, size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India analytical instrument market.

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