Author | Sivakumar Narayanaswamy

Articles

Spectroscopy Market: Weathering the Storm and on the Path to Recovery

February 11, 2011

Application Notebook

Article

After weathering the economic downturn of 2009, the analytical instrumentation industry's business appears to have made a U-turn in 2010, primarily due to the burgeoning requirements of the life sciences and pharmaceutical industries and substantial demands from the chemical and petrochemical industries, in addition to growing environmental concerns. The analytical instrumentation industry managed the economic downturn better than most other industries even though some of its primary revenue streams, such as the replacement market, were hurt by procurement postponements.