Press release
Analytical Instrumentation Market To Reach USD 82.94 Bn by 2030, Growing at 7.52% CAGR from 2023 to 2030
Analytical Instrumentation Market
Analytical Instrumentation Market Overview:
The global analytical instrumentation market is on a trajectory of robust growth, driven by technological innovations, increasing regulatory standards, and strategic mergers and acquisitions across key regions. Valued at approximately USD 49.93 billion in 2023, the market is projected to reach nearly USD 82.94 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.52%.
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Analytical Instrumentation Market Dynamics
The escalating demand for precise analytical instruments is propelled by several factors:
Technological Advancements: Innovations in automation and the integration of artificial intelligence (AI) have enhanced the efficiency and accuracy of analytical instruments, catering to diverse industries such as pharmaceuticals, biotechnology, and environmental monitoring.
Stringent Regulatory Standards: Regulatory bodies worldwide are imposing rigorous quality and safety standards, necessitating the adoption of advanced analytical tools to ensure compliance, particularly in the pharmaceutical and food sectors.
Emerging Markets: Rapid industrialization in regions like Asia-Pacific and Latin America presents substantial opportunities for market expansion, driven by increased investments in research and development.
Analytical Instrumentation Market Outlook and Future Trends :
The analytical instrumentation market is poised for sustained growth, with key trends including:
Integration of AI and IoT: The incorporation of AI and Internet of Things (IoT) technologies is expected to revolutionize analytical instruments, enabling enhanced automation, real-time data analysis, and remote monitoring capabilities.
Focus on Environmental Monitoring: Growing environmental concerns are driving the demand for analytical instruments capable of detecting and analyzing pollutants, thereby supporting regulatory compliance and sustainability initiatives.
Key Recent Developments
The market has witnessed significant mergers and acquisitions, underscoring its dynamic nature:
United States: In July 2024, UK-based Spectris Plc announced the acquisition of Georgia-based Micromeritics Instrument Corp for $630 million. This strategic move aims to expand Spectris' laboratory analytical instruments unit and is expected to be accretive to earnings per share in the first year post-completion.
Singapore and United States: In February 2025, Paeonia Industries, a subsidiary of Singapore-based Paeonia Group, acquired the Savant Group, a Midland-based consortium specializing in lubrication technology and equipment testing. This acquisition enhances Paeonia's North American presence and provides Savant Group with expanded resources and market opportunities.
Thailand: The analytical instrumentation market in Thailand generated revenue of USD 222.0 million in 2023 and is projected to reach USD 265.6 million by 2030, growing at a CAGR of 2.6%. The instruments segment was the largest revenue generator in 2023, while software is anticipated to be the fastest-growing segment during the forecast period.
Analytical Instrumentation Market Segmentation
by Type
Chromatography
Molecular Analysis Spectroscope
Elemental Analysis Spectroscopy
Mass Spectroscope
Analytical Microscopes
Others
by End-Use
Life Sciences
Chemical and Petrochemical
Research and Academics
Material Sciences
Food Testing
Oil and Gas
Water and Wastewater
Others
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Some of the current players in the Analytical Instrumentation Market are:
1. Malvern Panalytical Ltd (UK)
2. PerkinElmer Inc. (USA)
3. Thermo Fisher Scientific (USA)
4. Shimadzu Corporation (Japan)
5. Danaher (USA)
6. F. Hoffmann-La Roche Ltd (Switzerland)
7. ZEISS International (Germany)
8. Agilent Technologies (USA)
9. Bruker (USA)
10.Bio-Rad Laboratories, Inc. (USA)
11.Eppendorf AG (Germany)
12.Spectris (UK)
13.JEOL Ltd. (Japan)
14.Hitachi High-Tech Corporation (Japan)
15.Nikon Instruments Inc. (USA)
16.Illumina (USA)
conclusion :
The analytical instrumentation market is experiencing transformative growth, fueled by technological innovations, stringent regulatory frameworks, and strategic industry consolidations. As organizations strive for enhanced precision and efficiency, the demand for advanced analytical tools is set to escalate, paving the way for continued market expansion and innovation.
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