Spectroscopy techniques are an important facet of the laboratory analytical and life science instrument industry, which continues to expand as its analytical requirements migrate across industries and geographic regions. Overall industry growth has been in the 6-8% range for the last few years, which is a sign of both its maturity and its stability. The demands of the life science marketplace, environmental concerns, and the search for new materials are important driving forces. Likewise, the shifting market focus from North America and Europe to Asia is changing the face of the industry. It is expected that 2008 will be a good year for the industry despite the likely economic slowdown in North America and Europe.
