Author: Vikas Kumar
14 January 2023
Analytical instrumentation deals with the measurement & control of various physical & chemical properties such as pH, conductivity, density, viscosity, Octane number, flash point, Distillation curve, chemical composition, etc. The main reasons propelling the growth of the analytical instrumentation market are the rising concern for product quality, rising R&D expenditures, and strict governmental regulations. Furthermore, rising consumer awareness and rapid industrialization in developing nations attributes to the growth of the analytical instrumentation market. Additionally, the rising environmental pollution and the use of analytical instruments in the analysis of the pollutants in water and air also propels the growth of the analytical instrumentation market.
The rising demand from the food industry to check the impurity of raw materials is expected to drive the global analytical instrumentation market at a CAGR of 7%, during the forecast period. Factors such as the growing automation industry and continuously increasing demand for petroleum products are important factors responsible for the market growth of the analytical instrumentation market.
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Based on the product type, the market has been categorized into chromatography, molecular analysis spectroscopy, elemental analysis spectroscopy, mass spectroscopy, analytical microscopes, and others. Among them, the chromatography segment holds a considerable share of the market. Chromatography is a process for separating components of a mixture. Chromatography offers certain advantages such as precise separation, analyses, and purification that are the driving factor for the growth of the segment.
Based on the application, the market has been categorized into life sciences, chemical and petrochemical, material sciences, food testing, oil and gas, water and wastewater, and others. Among them, the life science segment holds a considerable share of the market. The rapidly rising pharmaceutical industry and the usage of analytical instruments increases for the identification and purification of the lead compound attributes to the segmental growth of the life science segment in the analytical instrumentation market.
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For a better understanding of the market adoption of the analytical instrumentation industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to hold a considerable market share. The major factors such as the presence of major economies such as the United States in the region are attributed to the presence of major research laboratories and market players in the region. Furthermore, the higher adoption of advanced technology in the region also attributes to the market growth of the analytical instrument in North America.
Some of the major players operating in the market include Agilent Technologies Inc., Bruker, Perkin Elmer Inc, ThermoFisher Scientific, Shimadzu Corporation, Malvern Panalytical Ltd, Mettler Toledo, Waters Corporation, Bio-Rad Laboratories Inc., and Danaher.
Global Analytical Instrumentation Market Segmentation
Market Insight, by Product Type
• Chromatography
• Molecular Analysis Spectroscopy• Elemental Analysis Spectroscopy• Mass Spectroscopy• Analytical Microscopes• Others
Market Insight, by End-User
• Life Sciences
• Chemical and Petrochemical• Material Sciences• Food Testing• Oil and Gas• Water and Wastewater• Others
Market Insight, by Region
Top Company Profiles
• Agilent Technologies Inc.
• Bruker• Perkin Elmer Inc• ThermoFisher Scientific• Shimadzu Corporation• Malvern Panalytical Ltd• Mettler Toledo• Waters Corporation• Bio-Rad Laboratories Inc.• Danaher
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