The overall market for analytical instrumentation increased 3.6% for the quarter, buoyed by pharmaceutical, environmental and food sectors. Geographically, the market increased due to strong growth in Asia, with solid double digit growth in Japan and China. Demand from the industrial sector continued to struggle, particularly petrochemicals markets due to crude oil prices. Academia and government also declined modestly compared to Q3 2015.
The overall market for analytical instrumentation increased 4% for the second quarter to $12.4 billion fueled by strong growth in the US and Japan. Demand was buoyed by life science and industrial markets, including pharmaceutical, biotechnology and chemicals industries. Demand from the public sector (academia & government) was lackluster, particularly in Europe.