GVR Report cover Analytical Instrumentation Market Size, Share & Trends Report

Analytical Instrumentation Market Size, Share & Trends Analysis Report By Product, By Application, By End-user, By Region, And Segment Forecasts, 2022 To 2030

  • Report ID: GVR453499
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global analytical instrumentation market constitutes a number of technologies that are being employed by various industries to derive accurate results for products under analysis. Analytical technologies are used to identify, separate, and quantify the components of products. Instruments such as spectrometers, chromatography columns, and microscopes allow accurate & rapid analysis, and technological advancements such as automation further eliminate the errors due to biases. The increasing research activities and continuously growing investments & funding thereby further drive the demand for fast detection tools to maintain product quality.

The analytical instrumentation market has witnessed a significant rise due to the utilization of various advanced tools & techniques to maintain quality control and follow stringent regulations. The consumer/customer awareness and the need for analytical instrumentation across multiple industries are boosting market growth. Drug regulations, food quality standards, routine health checkups, environment management and many more deploy the use of process instruments and further account for market growth. The COVID-19 pandemic has also boosted market growth, as many researchers and scientists employed analytical instrumentation to understand the effect of SARS-CoV2 virulence on other bodily functions. For instance, in an October 2021 study, researchers from Indonesia did a meta-analysis study and included 31,339 patients across 21 studies. The systemic review concluded that the abnormalities in the thyroid as well as patient’s age increased the risk of COVID-19 and caused poor treatment results. This understanding increased the routine health testing by the population, where in-process instruments are used to deduce the test results.

The analytical instrumentation market has various application, few of these are;

  • Research & development

  • Clinical & diagnostics

  • Quality control

  • Environmental management

  • Others

The never-ceasing research activities in the field of drug development, disease understanding & control, pathogenicity, and regenerative therapies will increase the use of process instruments for analysis. Awareness of health and monitoring of disease conditions require continuous testing and investigation procedures which further increase the adoption of instruments by hospitals, clinics & diagnostic centers. Moreover, the need for compliance, high-quality standards and drug regulatory guidelines ensures the safety as well as quality control of the product & process. Soil, air, and water pollution control along with the protection of the environment have increased the application of instrumentation techniques. Other applications of analytical instrumentation include agriculture, food, cosmetics, and personal care among many more sectors.

Key players are also ensuring their market relevance through new product launches, acquisitions, partnerships, and other business initiatives. The global presence and increased product offerings bolster the market players’ customer base in the analytical instrumentation market. For example, in February 2022, Sartorius AG successfully acquired Novasep’s chromatography business. This acquisition led to an increase in company’s HPLC portfolio used for small biomolecules like insulin, oligonucleotides, and peptides analysis.

       Analytical Instrumentation Market Segmentation     

Segments

Details

Product

Microscopy, Chromatography, Spectroscopy, Analyzers & Detectors, Sensors & Probes, and Others

Application

Research & development, Clinical & diagnostics, Quality control, Environmental management, and Others

End-user

Pharmaceutical & Biotechnological Companies, Academic & Research Institutes, Hospitals & Diagnostic Laboratories, and Others

Region

North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

 

Some of the key players in the analytical instrumentation market are Thermo Fisher Scientific Inc., Waters Corporation, Agilent Technologies Inc., Bruker Corporation, Sartorius AG, Bio-Rad Laboratories Inc., Danaher Corporation, PerkinElmer Inc., and Shimadzu Corporation.

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