Analytical Instrumentation Market: Global Industry Analysis and Forecast (2023-2029)

The Analytical Instrumentation Market size was valued at US$ 46.44 Bn. in 2022 and the total revenue is expected to grow at 7.52% through 2022 to 2029, reaching nearly US$ 77.16 Bn.
Analytical Instrumentation Market Overview:
The Analytical Instrumentation Market was valued at USD 46.44 billion in 2022, and is predicted to grow at a CAGR of 7.52 percent to USD 77.16 billion by 2029. The Analytical Instrumentation Market is studied by segments like Type (Chromatography, Molecular Analysis Spectroscope, Elemental Analysis Spectroscopy, Mass Spectroscope, Analytical Microscopes, Others), End-Use (Life Sciences, Chemical and Petrochemical, Research and Academics, Material Sciences, Food Testing, Oil and Gas, Water and Wastewater, Others) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.

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COVID-19 Impact on Analytical Instrumentation Market

The recent COVID-19 pandemic resulted in high demand in the Analytical Instrumentation Market. During the COVID-19 outbreak, there is a need for accelerated research that has grown substantially, and the public expects great development from the scientific community. Malvern Panalytical, a market provider based in the United Kingdom, will open its APAC Application Center of Excellence in China. With this openness, the corporation is primarily supporting a business recovery from China's COVID-19 lockdown. The centre, according to the company, provides customers with sample measurements as well as professional technical consulting services, measurement solution development including core service functions such as instrument demonstration, customer, employee, and talent training, project cooperation, and method development.
Analytical Instrumentation Market Dynamics:
Analytical Instrumentation’s increased Use in Food and Beverage Industry

The market is being bolstered by the widespread use of analytical instruments in the food and beverage industry. As governments implement increasingly strict rules, food manufacturers are turning to analytical instrumentation technologies like mass spectroscopy to verify food safety. The effective identification of microbiological contamination is being improved by the use of analytical instrumentation, which is fueling the industry's expansion. Furthermore, rising research activities to create quick tools to identify potential food contamination are boosting mass spectroscopy deployment, resulting in market growth.

Usage in the much-needed water and wastewater treatment sector

The growing need for wastewater treatment and water scarcity as a result of declining freshwater supplies is driving the analytical instruments market forward. The industry is growing due to the usage of techniques like mass spectroscopy to find hazardous water contaminants. The analytical instrumentation is cost-effective which is leading to an increase in its utilisation, which is driving market expansion. In addition, the industry's growth is likely to be aided by the increased development of innovative approaches utilising diverse analytical tools for rapid detection and eradication of water contaminants.

The industry is being driven forward by the use of cutting-edge technologies like AI or artificial intelligence and big data in chromatography. With so much data generated during chromatography, these technologies should be able to automate data sorting and improve the quality of data collected and quantitative results. This, in turn, is expected to boost demand of analytical instrumentation in the current research and development activities, boosting market growth in the coming years.

Increased Use in Pharma sector especially after COVID-19

The pharmaceutical sector is also playing an important part in the market's development. The bioprocessing sector is emerging as a significant player in the market analysed, with a growing emphasis on pharmaceutical quality output. Fujifilm stated in January 2022 that they will expand their North Carolina plant by 89,000 square feet, which will include analytical instrumentation, automation technologies and, high-throughput bioprocessing equipment to support the process characterisation programme. This expansion will also help Fujifilm Diosynth Biotechnologies to further assist its partners in developing clinical processes that will result in more reliable commercial processes.

Use in Tech industry

The analytical instrumentation market grew as a result of automation in several end-user sectors. Analytical instruments are used by companies that develop batteries for electric vehicles, energy systems, mobile phones, and other systems to improve storage potential and output, resulting in a more efficient, greener, and safer energy source. Companies are using electron microscopy and spectroscopic instruments to comprehend structures at the atomic level, as well as to detect important significant variations that cause flaws and inefficiencies.

The massive prices of analytical tools, on the other hand, limits the market's expansion. Furthermore, many other expenditures, such as laboratory expenses, staffing and, maintenance, are related with the expense of instruments, limiting the market's expansion. Furthermore, the costs of analytical instruments is rising due to advances in features and functions, technical breakthroughs, and novel systems. High-performance liquid chromatography (HPLC), for example, costs between USD 12,000 and USD 50,000. The 90-L column with packing station, on the other hand, cost around SUD 200,000.
Analytical Instrumentation Market Segment Analysis:
Based on Type, the analytical instrumentation market is classified into Chromatography, Molecular Analysis Spectroscope, Elemental Analysis Spectroscopy, Mass Spectroscope, Analytical Microscopes, Others. In the analytical instrumentation market, the chromatography segment held the largest market share of 7.52% in 2022 and is predicted to continue to do so over the forecast period. The diverse applications in the sectors of pharmaceuticals, life science, and others are primarily responsible for the segment's growth. Gas, liquid, and ion chromatography are the three types of chromatography. Complex proteomic research are discovered using liquid chromatography. Environmental testing, scientific research, and quality control in medications, food and drinks, and other industrial operations all use ion chromatography methods. Quantitative screening of environmental materials, food safety testing, and complicated molecular analysis all use gas chromatography.

Based on End-Use, the analytical instrumentation market is classified into Life Sciences, Chemical and Petrochemical, Research and Academics, Material Sciences, Food Testing, Oil and Gas, Water and Wastewater, Others. In the analytical instrumentation market, globally, the life science sector held the biggest market share of 7.52% in 2022 and continues its dominance throughout the forecast period. From simple process like chemical synthesis to complicated drug development, the life science business requires a wide range of production procedures. The use of analytical instrumentation processes in drug and biotechnology companies during various phases of biopharmaceutical and drug discovery, toxicology, drug research and development, pharmacokinetics, and clinical examinations is likely to drive the analytical instrumentation market forward during the forecast period.
Analytical Instrumentation Market Regional Insights:
North America is predicted to maintain its dominance in the analytical instrumentation market during the forecast period, capturing the biggest market share in 2022. The increasing senior population, combined with the rising frequency of chronic disease, is primarily responsible for the region's rise. 34.2 million persons of all ages were predicted to have diabetes in the United States. Diabetes affects approximately 10.5 percent of the population in the United States. Furthermore, the North American area, particularly Canada, had a significant percentage of the oil and gas sector, resulting in a surge in demand for analytical equipment for quality measurements and other purposes.

For example, according to British Petroleum, recently, Canada's total oil exports were anticipated to be 4,683 thousand barrels per day. Furthermore, Canada owned 9.8% of the world's oil reserves. As a result, these factors aided in the expansion of the region's analytical instruments market.

Due to rapid industrialization and considerable expansion in the automobile industries, the Asia-Pacific region is expected to be the fastest-growing area in the analytical instrumentation market over the forecast period. Due to significant technological improvements in the automobile sector, such as the development of electric vehicles in the countries, economies such as Japan, China, and others support the growth of analytical instrumentation market.

To understand the Analytical Instrumentation industry and study the market trends.
Focusing on the regional market and other segmentations, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential.

The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the Analytical Instrumentation Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Analytical Instrumentation Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the Analytical Instrumentation Market.
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Global Analytical Instrumentation Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 43.2 Bn.


Forecast Period 2023 to 2029 CAGR:
7.52 %
Market Size in 2029:
US $ 77.16 Bn.


 Segments Covered:
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


by Product
Instruments
Services
Software


by Technology
Polymerase Chain Reaction
Spectroscopy
Microscopy
Chromatography
Flow Cytometry
Sequencing
Microarray
Others



Analytical Instrumentation Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players 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)
Frequently Asked Questions:
1] What segments are covered in the Analytical Instrumentation Market report?
Ans. The segments of Type, End-Use and Region are covered in the Analytical Instrumentation Market report.

2] Which Region is expected to hold the highest share in the Analytical Instrumentation Market?
Ans. The North American region is expected to hold the highest share in the Analytical Instrumentation Market.

3] What is the market size of the Analytical Instrumentation Market by 2029?
Ans. The market size of the Analytical Instrumentation Market is expected to reach 77.16 Bn by 2029.

4] What is the forecast period for the Analytical Instrumentation Market?
Ans. The forecast period for the market is 2023-2029.

5] What was the market size of the Analytical Instrumentation Market in 2022?
Ans. The market size of the market in 2022 was 46.44 Bn.