According to the latest report by IMARC Group, titled “Analytical Instrumentation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global analytical instrumentation market size reached US$ 46.1 Billion in 2022. Analytical instrumentation is a field of science and technology that encompasses developing, implementing, and utilizing a diverse range of instruments and techniques. They are employed to measure, analyze, and monitor substances' physical, chemical, and biological properties. It encompasses a wide range of techniques, including spectroscopy, chromatography, mass spectrometry, electrochemical analysis, microscopy, and thermal analysis. These techniques involve the interaction of samples with electromagnetic radiation, separation processes, electrical or thermal measurements, or other physical and chemical phenomena. Analytical instrumentation provides reliable and meaningful data that can be used for scientific research, industrial processes, quality control, environmental monitoring, healthcare diagnostics, forensic analysis, and many other applications.
Global Analytical Instrumentation Market Trends:
The increasing utilization of analytical instrumentation across various industries to provide accurate and reliable data on the composition, purity, and other relevant parameters and to ensure product quality and safety is one of the major factors driving the market growth. In line with this, the growing product demand in the healthcare and diagnostics sector to provide accurate and precise analysis of patient samples, facilitating early detection and diagnosis of diseases, guiding treatment decisions, and monitoring therapeutic outcomes is creating a positive outlook for the market. Moreover, the growing popularity of analytical instrumentation in the food and beverage (F&B) industry owing to its widespread application in food testing, ensuring the absence of contaminants, determining nutritional content, and verifying labeling claims is strengthening the market growth. Additionally, the rising product application to analyze and monitor gas and liquid samples, ensure product quality, and maintain efficiency and safety in the energy sector is contributing to the market growth. Apart from this, rapid technological advancements, such as increased sensitivity, faster analysis times, improved data analysis capabilities, and the development of portable and miniaturized mass spectrometers, are positively impacting the market growth. Besides this, the increasing government regulations have made analytical instrumentation an indispensable tool in the pharmaceutical sector for drug analysis and quality control, which in turn is providing a considerable boost to the market.
Looking forward, the market value is projected to reach US$ 69.2 Billion by 2028, expanding at a CAGR of 6.89% during 2023-2028.
- Based on the product type, the market has been categorized into chromatography, molecular analysis spectroscopy, elemental analysis spectroscopy, mass spectroscopy, analytical microscopes, and others.
- On the basis of the end user, the market has been segmented into life sciences, chemical and petrochemical, material sciences, food testing, oil and gas, water and wastewater, and others.
- Region-wise, the market has been divided into North America (the United States, Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdon, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and the Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Mettler Toledo, PerkinElmer Inc., Shimadzu Corporation, Spectris plc, Thermo Fisher Scientific Inc. and Waters Corporation.
|Base Year of the Analysis
||Product Type, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Mettler Toledo, PerkinElmer Inc., Shimadzu Corporation, Spectris plc, Thermo Fisher Scientific Inc. and Waters Corporation.
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