According to the latest report by IMARC Group, "Global Analytical Instrumentation Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", the global analytical instrumentation market size reached US$ 46.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.89% during 2023-2028.
Analytical instrumentation represents the study of identification, separation, and quantification of chemical components of natural and artificial materials. It is conducted by using high-performance liquid chromatography (HPLC), total organic calorimeters and melting point analysis equipment, spectrophotometers and X-Ray diffractometers, friability testers, etc. Analytical instrumentation assists in the analysis of materials and the determination of their composition. It increases the accuracy of results by eliminating errors, owing to personal biases. Consequently, analytical instrumentation finds extensive applications in several sectors, such as chemical, pharmaceuticals, food processing, oil and gas, etc.
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Analytical Instrumentation Market Trends and Drivers:
The widespread adoption of electron microscopy technologies to see structures at levels down to the atomic scale is primarily driving the analytical instrumentation market. Additionally, the launch of various favorable policies by government bodies across countries for pollution control is further catalyzing the market growth. Besides this, the growing utilization of gas chromatography in food safety testing, quantitative screening of environmental samples, complex molecular analysis, etc., is acting as another significant growth-inducing factor.
Moreover, the inflating need for analytical instruments in the manufacturing of electric vehicles, mobile phones, and energy systems to enhance storage potential and create a cleaner, efficient, and safer energy source is also positively influencing the global market. Apart from this, the escalating demand for pharmaceutical biosimilars, phytopharmaceuticals, and regenerative medicines is anticipated to fuel the analytical instrumentation market over the forecasted period.
Global Analytical Instrumentation Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Analytical Instrumentation Companies:
Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Mettler Toledo, PerkinElmer Inc., Shimadzu Corporation, Spectris plc, Thermo Fisher Scientific Inc. and Waters Corporation.
The report has segmented the market on the basis of product type, end user and region.
Breakup by Product Type:
- Chromatography
- Molecular Analysis Spectroscopy
- Elemental Analysis Spectroscopy
- Mass Spectroscopy
- Analytical Microscopes
- Others
Breakup by End User:
- Life Sciences
- Chemical and Petrochemical
- Material Sciences
- Food Testing
- Oil and Gas
- Water and Wastewater
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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