What is Analytical Instruments?
Analytical instruments encompass a wide range of instrumentation whose principal purpose is to qualitatively and quantitatively analyze samples, the chemical makeup of a sample and the quantity of each component within a sample. In contemporary time, microcontrollers and personal computers have been integrated into analytical equipment to present more accurate findings. Some of these instruments also play a critical role in the monitoring and control of environmental pollution. A rise in the number of diseases among people and the need for precision and accurate measuring of samples are the key factors that will drive the demand for analytical instruments market over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Hitachi (Japan), Shimadzu Corporation (Japan), SUEZ (United States), Hach (United States), AcuTech Scientific Inc. (United States), Persee Analytics, Inc. (United States), Labomiz Scientific Ltd. (United States), PAC L.P. (United States), EST Analytical (United States) and Denver Instrument GmbH (Germany) |
CAGR | 6.2% |
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Analytical Instruments market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hitachi (Japan), Shimadzu Corporation (Japan), SUEZ (United States), Hach (United States), AcuTech Scientific Inc. (United States), Persee Analytics, Inc. (United States), Labomiz Scientific Ltd. (United States), PAC L.P. (United States), EST Analytical (United States) and Denver Instrument GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bruker Corporation (United States), Elementar (Germany), GNR Srl (Italy), Wuxi Create Analytical Instrument Co., Ltd. (China), Elico (India), BFRL (China), Lumex Instruments (Canada), VELP Scientifica (Italy), Advanced Instruments (United States), Spectra Lab Instruments Pvt. Ltd. (India) and Toshvin Analytical Pvt. Ltd. (India).
The market study is broken down by Type (Spectrophotometers (UV/VIS, NIR, and IR), Chromatographs, Particle Size Analyzers, Elemental Analyzers and Others (Thermal Analyzers, Rheometers)), by Application (Laboratory, Life Science & Research, Environmental Testing, Industrial and Others (Analytical Chemistry, Clinical Analysis, Forensic Analysis)) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Analytical Instruments market by Type, Application and Region.
On the basis of geography, the market of Analytical Instruments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Healthcare & Pharmaceutical will boost the Analytical Instruments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline (Distributors, Wholesalers, Retailers) will boost the Analytical Instruments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On July 11, 2019, Agilent Technologies has acquired privately-held life science instrumentation manufacturer BioTek Instruments for 1.17 USD billion.
On May 09, 2019, Hitachi High-Technologies Corporation has announced that it’s a wholly-owned subsidiary and analytical instrument manufacturer and marketer Hitachi High-Tech Science Corporation has developed the new “NEXTA STA Series” of thermal analyzers.
Market Trend
- Development of One Button Operation Instruments and Interfaces
- Cutting-Edge Analytical Technologies for Research and Development or Quality Control
Market Drivers
- Increasing Demand from Pharmaceutical and Life Science Industry Owing to Precise Measurements
- Increasing Life Science R&D Expenditure, Testing Standards in Food Safety, Environmental Concerns and Emerging Applications in Diagnostics
- Early Detection of Disease, Drug Development, and Evaluation of Optical Properties of Devices
- Reliability, Cost-Effectiveness, Durability, and Flexibility
Opportunities
- Increased application of nanotechnology, automation, and artificial intelligence has led to a new generation of technology making instruments smaller, faster and more accurate.
- Development of Smaller Instruments for Portability and Immediate Results Owing To Contrasting Requirements of Analysis
Restraints
- Issue of Data Access, Integrity, and Fragmentation
Challenges
- Meeting Customer Need for Better Solutions to Application Complexities, Technical Support and Quality
- Identification of the Appropriate Type of Instrument for Analytical Needs
Key Target Audience
Analytical Instruments Manufacturers, Components & Parts Suppliers, Raw Material Suppliers, Engineers and Scientists, Pharmaceutical & Healthcare Industry, Government & Research Organisation, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.