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Analytical Instrumentation Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027
The latest research study "Analytical Instrumentation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global analytical instrumentation market size reached US$ 42.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 65.21 Billion by 2027, exhibiting a CAGR of 7.10% during 2022-2027.COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Industry Definition and Application:
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.
Global 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.
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Global Analytical Instrumentation Market 2022-2027 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.
Some of these top key players include:
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 region, product type and end user.
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
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• 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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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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