• Based on reaction mode, the market is segmented into qualitative reaction mode
and quantitative reaction mode. The quantitative reaction mode segment is
estimated to command the largest share of the global reaction monitoring market
in 2017. The large share of this segment is mainly due to factors such as ongoing
technological advancements in the field of analytical techniques (such as real-
time quantification, device miniaturization, and process automation) and ongoing
expansion and modernization of the pharmaceutical & biotechnology and food
processing industries.
• On the basis of end user, the market is segmented pharmaceutical,
biopharmaceutical, and biotechnology companies, life science and genomic
research facilities, food and beverage industry, pollution monitoring and control
industry, and other end users. The pharmaceutical, biopharmaceutical, and
biotechnology companies segment is projected to register the fastest rate during
the forecast period. This can be attributed to the stringent regulations for
pharmaceutical drug development and manufacturing (such as cGMP, cGLP, and
EXCiPACT certification) and increasing usage of analytical techniques during
quality assessment during drug manufacturing.
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