Calibrate Perfection

Calibrate to Perfection

9:42 AM, 9th January 2019
Amit Chopra, Managing Director, VP & GM, India and Middle East, Thermo Fisher Scientific
Amit Chopra, Managing Director, VP & GM, India and Middle East, Thermo Fisher Scientific

By Shivani Mody

Amit Chopra, Managing Director, VP & GM, India and Middle East, Thermo Fisher Scientific talks at length regarding the expanding role of analytical instruments in various industries.

Global trends in the analytical instruments market.

The global analytical instruments market is anticipated to grow at a steady rate of 6.2 percent CAGR from 2016 to 2022. The growing number of innovations and increasing rate of technological advancements in the field of pharmaceuticals and life sciences are the key drivers to better the growth prospects of the global analytical instruments market. The industry is witnessing rapid technological improvements, leading to an increased need for easy to use, accurate and affordable methods and technologies that don’t compromise functionality or quality to address some very crucial situations.

For example, the pharmaceutical industry, where analytical instruments play a vital role for their routine operations, has requirements for sophisticated equipment that will help them meet tightening regulations. End users’ demands drive innovation in technologies that resolve customers’ day-to-day challenges. Modern pharmaceutical analysis has evolved over the years to encompass analytical advances that can be employed at all stages of drug discovery and manufacturing. Recent emphasis to increase sample throughput, screening for potential drug–drug interactions, overall metabolic stability and metabolite profiles while at the same time, increasing information content have been playing a vital role in advancement of the analytical instrument market globally.

Market potential of analytical instruments. 

The market for analytical instruments in India and APAC has fared well during last couple of years and is further anticipated to increase at a strong growth rate over next few years. Until a few decades ago, India was only regarded as a drug manufacturing hub, however, over the past few years, India's pharmaceutical sector has evolved into a global R&D hub as well. Overall the life sciences and chemical sectors have also experienced dynamic growth. The growth in life sciences and pharmaceutical research is contributing to the growth of allied industries such as laboratory analytical instruments and consumables. As per "India Analytical Instruments Market Forecast & Opportunities, 2018,” the market for analytical instruments in India is expected to grow at a CAGR of over 11 percent from 2015-2020. Increasing government expenditure on research and development along with rising investments in the pharmaceutical and life science sectors are contributing to the growth of analytical instruments market in APAC and particularly India.

Growth drivers in chemical, life sciences and pharmaceutical market. 

Across APAC and emerging markets, regulations are being tightened and enforced--from compliance in pharmaceutical manufacturing to stricter pollution regulation or increased monitoring for food contamination. APAC has been the biggest contributor to the market growth of analytical instruments globally. 

The Indian government, academia, R&D institutions, life sciences and pharmaceutical organizations are the important buyers of analytical instruments. The Indian pharmaceutical market is the third-largest market in Asia, after China and Japan. India is also the largest generics producing country in the world, with 70 percent of all generic medication being manufactured in India

The Indian Government currently has a high focus on reducing pollution and is committed to reduce carbon emissions and increase the use of alternative renewable energy sources. Other industries such as food & beverage, agriculture, oil & gas, chemicals and petrochemicals, forensics and explosive detection are increasingly contributing to the growth of the Indian analytical instruments market. Stringent food hygiene standards are pushing the food and beverage manufacturers to invest more on analytical instruments. Ever increasing security threats in the country are resulting in increased use of analytical instruments for explosive chemicals and forensics analysis by law enforcement authorities. 

Potential of hand-held analytical instruments market.

The global portable analytical instrument market is expected to grow at a CAGR of almost 6 percent during the period 2017-2021. Growing food and environmental concerns, availability of low-cost and easy-to-operate portable analytical instruments and increasing healthcare expenditure are primary factors expected to drive the portable analytical instruments market across various industries to ensure product quality and brand integrity.

Raman spectrometers are the fastest growing portable analytical instruments and are expected to continue to grow in a similar fashion. Near Infrared spectrometers are one of the versatile non-destructive analysis tools, especially in the pharmaceutical industry as these provide instant results without the requirement of sample preparation, and are highly suitable for food and environmental testing. Portable instruments are gaining importance and becoming complementary to benchtop instruments. Usually it takes several days to perform sample analysis in the lab and in certain cases, weeks that involve transportation of the samples from the source to the lab. That is where portable instruments which have high analytical capabilities become useful for quick and cost effective analysis. Today, more portable instruments find application use in R&D labs enabling fast results. This trend is expected to grow during the forecast period of 2016 to 2022. Ruggedness, sensitivity, speed and reliability are some of the important criteria for these instruments.

The company’s hand-held Raman delivers a state of- the-art optical platform paired with a revolutionary embedded analysis package. The TruScan RM analyzer is our lightest, fastest and most portable analyzer and can deliver rapid results up to five times faster than traditional Raman platforms for quick release of raw materials to manufacturing. The hand-held Raman is highly specific and uses Raman spectroscopy to perform rapid material verification at the point-of-need, delivering actionable pass/fail results within seconds. Our analyzer offers enhanced compliance features, as well as software and data management functions, designed to facilitate workflow and optimize efficiency in tightly regulated environments. As pharmaceutical manufacturers face mounting pressure to reduce costs, improve quality control and increase productivity, they need to perform even more tests to accommodate increased production volume and regulatory requirements as they move towards 100 percent inspection of incoming raw materials. The portability of the TruScan RM makes it easier for customers to achieve these initiatives without any compromising product quality.

Role of digitalization in shaping the industry.

Industrial leaders are digitizing essential functions within their internal operations processes, as well as with their horizontal partners along the value chain. Industry 4.0 focuses on the end-to-end digitization of all physical assets and integration into digital ecosystems with value chain partners. Generating, analyzing and communicating data seamlessly underpins the gains promised by Industry 4.0, which networks a wide range of new technologies to create value. Industry 4.0 digitizes and integrates processes vertically across the entire organization, from product development and purchasing, through manufacturing, logistics and service. Leading industrial companies also expand their offering by providing disruptive digital business models focused on generating additional digital revenues and optimizing customer interaction and access.

We have expanded its portfolio of new instruments and software designed to accelerate discovery and enhance productivity for customers working in pharma and biotech, environmental analysis, academic research and other applications. Digital science highlights instrument connectivity, cloud enablement, and the automation of compliance, consumables procurement and other workflow enhancements. Our customers want to improve productivity, collaboration and knowledge management by taking an integrated, standardized and unified approach that digitally transforms their labs. We have focused on delivering a highly integrated and expandable portfolio that leverages our unique depth of capabilities. From sample prep to data management to the systems that support complex workflows and applications, scientists demand the latest digital enhancements to move science forward faster. Our cloud-enabled instruments ensure everything in a lab is connected, from research protocols to data storage. The ability to connect multiple instruments and share data simplifies workflows and lab management, helping our customers meet their goals for innovation and productivity.

Overview about the company.

In the past couple of years, we have invested significantly to establish facilities for our customers in India, applications and demo centers where customers can experience our technology before making crucial purchase decisions. This has been an important part of our business strategy.

India is an important market for the company and we have made significant investments to enable our technologies to become more accessible to our customers.

As the world leader in serving science, we relate to nearly every aspect of scientific progress-from fundamental research to applied areas such as life sciences and healthcare, pharmaceuticals, food safety and environmental monitoring. We provide technologies and services that enable our customers to more cost-effectively achieve compliance in their respective markets. This is helping drive our growth in the country. We have our centers of excellence, application labs and demonstration centers across the country that showcase our commitment to invest in innovation to better support our customers across all the markets we serve.

R&D and innovation focus.

Thermo Fisher Scientific India recently launched our first "India for India" AAS (Atomic Absorption Spectrometry), which is a technique for measuring quantities of chemical elements present in environmental samples targeted at the soil testing market. iCE FIOS provides complete elemental analysis to make most complicated analyses simple with excellent detection limits and exceptional optical stability. This unique future proof AAS incorporates innovative design and software to provide good analytical stability and performance in the analysis of elements in soil and agricultural markets emphasizes our commitment to innovation and research suitable to the need and market of our customers.

Challenges faced in analytical instruments market.

Though the caliber of analytical techniques available for generating and characterizing lab samples has steadily improved over the years, there is a need for better and new innovative technologies and analytical support capabilities to maximize sample throughput in the lab to quickly and easily disseminate meaningful and actionable information.

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