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The global analytical instrumentation market size was valued at USD 43.2 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 8.4% from 2022 to 2030. The market is to propel the market as there is a development of precision medicine or the personalized medicine. The high initial cost is anticipated to hinder the market growth. Based on the segment the market is divided by type, by end user industry.

Global Analytical Instrumentation Market: Regional Insights

Based on geography, the global analytical instrumentation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East &Africa., The North American region has been funding a notable price on Research & Development in several industries, due to the existence of strong infrastructure in the US and Canada, and holds a protruding share in oil and gas, life sciences, pharma and biopharma industries, materials sciences. The US has been one of the protruding markets and home to main pharmaceutical sellers; thus, the US pharmaceutical industry is progressively funding on Research & Development.

The European region has also been a mature market for software and services in the sector of analytical instrumentation. Germany has a great existence of associations and groups that work for research and development in the life sciences industry, keeping the necessities for analytical instruments notable, comparatively to other regions in the European region. The country is called for its research in cure applications of life sciences.

Figure 1: Global Analytical Instrumentation Market Share (%), By Region, 2021


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Global Analytical Instrumentation Market Drivers:

Precision medicine, otherwise called as personalized medicine, is one of the most promising methods in the healthcare industry, and it utilizes genomics, Big Data analytics, and population health, amidst others. The change to precision medicine is generally a targeted approach, where the decision is stated by the individual’s unique medical, molecular, and lifestyle data.

Furthermore, the whole characteristic of human biology is dependent upon analytical chemistry. For example, genetics and genomics are passed on to a DNA analyzer, an analytical tool that has sensitivity, reproducibility, and dependability. The rising of precision medicine to grow personalized medicines and treatments is one of the most vital reasons fueling the laboratory analytical instruments market’s development.

Global Analytical Instrumentation Market Opportunities:

With  economic  vagaries  encumbering  many  life  science  companies  globally;  Advanced  analytical instruments seem to be a crucial step as streamlining of the workflow can be achieved with lesser error and better precision. It is most needed where there are repetitive tasks and will thus reap better financial returns while saving on the skilled labor force.

Mass spectrometry (MS) has become the gold standard analytical technique in a large diversity of bioanalytical applications. It is expected direct infusion mass spectrometry (DIMS) and flows injection analysis-mass spectrometry (FIA-MS) technology to advance in the future for high-throughput analysis, reaching analysis times as short as 1–2 min.

Analytical Instrumentation Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 43.2 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 8.4% 2030 Value Projection: US$ 88.03 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Chromatography, Molecular Analysis Spectroscopy, Elemental Analysis Spectroscopy, Mass Spectroscopy, Analytical Microscopes, Other Product Types
  • By End User: Life Sciences, Chemical and Petrochemical, Material Sciences, Food Testing, Oil and Gas, Water and Wastewater, Other End Users
Companies covered:

Agilent Technologies Inc., Bruker Corporation, PerkinElmer Inc., Thermo Fisher Scientific, Shimadzu Corporation, Malvern Panalytical Ltd (Spectris Company), Mettler Toledo International, Waters Corp, Bio-Rad Laboratories Inc

Growth Drivers:
  • Development of precision medicine
  • The overall aspect of human biology is based on analytical chemistry
Restraints & Challenges:
  • High initial costs

Global Analytical Instrumentation Market Trends:

The combination of spectrometers in smart phones and compact devices is anticipated to mimic a notable role over the predicted in the studied market. Vendors like ETH investigators modified a compact infrared spectrometer that is small sufficient to fit on a computer chip and be fit into a mobile or other electronic device. It is anticipated to fuel the utilization of compatible spectrometers in the future.

A classified algorithm was introduced in the journal Analytical Chemistry based on the spectra of blood plasma which was adopted on Agilent Cary 630 FTIR Spectrometer. This was an outcome of the partnership of Agilent technologies with IIT Bombay in India and the QIMR Berghofer Medical Research Institute in Australia to distinguish COVID-19-positive  individuals.  Hence, an infrared spectrometer that is mobile compatible is anticipated to fuel the market in the future.

Global Analytical Instrumentation Market Restraints:

The huge cost of analytical instruments impedes the growth of the studied market. Moreover, along with the price of instruments, several other costs are linked, such as staffing, maintenance, and laboratory expenses, hence restraining the market’s growth.

Furthermore, the development in features and functionalities, technological developments, and innovative methods are adding to the price of analytical instruments. For example, a high-performance liquid chromatography ranges from USD 12,000 to USD 50,000. Additionally, the 90-L column and packing station price around SUD 200,000.

Figure 2: Global Analytical Instrumentation Market Share (%), By Segmentation, 2021


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Global Analytical Instrumentation Market Segmentation:

The global analytical instrumentation market report is segmented by type, by end-user industry

Based on the type, the market is segmented into chromatography and molecular analysis spectroscopy and many more out of which in Gas chromatography is progressive finding applications for food safety testing, measurable screening of surrounding specimens, and complex molecular investigation. In March 2020, the US- based Thermo Scientific partnered with the Denmark-based company, Evosep, to approve an automated ultra-high-output plasma protein profiling platform, collecting the power of the new Thermo Scientific Orbitrap Exploris 240 mass spectrometer with the Evosep One liquid chromatography solution.

The other one Molecular spectroscopy analysis events the spectrum response of molecules interrelating with several frequencies and energy.  It states the dimension of communications in between electromagnetic radiation and molecules. Molecules are examined by ultraviolet, visible light, and infrared radiation spectrums.

Based on the end user industry, the market is segmented into life science and chemical and petrochemical out of which the life science Life sciences responsible for the largest share in the analytical instrument industry, on behalf of a quarter of the whole industry. Life sciences consists above 13 discrete technology segments, surrounding a vast range of applications utilizing analytical tools such as molecular spectroscopy, atomic spectroscopy, and spectrometry, amidst others. This offers notable chances for the development of both general instrument applications and niche research systems.

Testing and Analysis make an important part of the Chemical and Petrochemical industry for official acquiescence. It also assists comprehend the standard and arrangement of chemical substances and materials utilized in goods, industrial procedure, and production. Advanced analytical tools and instrumentations are being utilized in the industry to conduct effective chemical trial.

Global Analytical Instrumentation Market: Key Developments

In November 2021, The Company AGILENT TECHNOLOGIES INC. declared the establishment of the NanoDis System for nanoparticle dissolution trials. Combining Agilent instrumentation and software to allow end users to fulfil 21 CFR Part 11 and other rules from its application, the new NanoDis System offers a faithful workflow that is automatable and auditable.

In December 2021, The Company AGILENT TECHNOLOGIES INC. declared that the Agilent Cary 3500 UV- Vis Spectrophotometer was well-matched with the Agilent OpenLab software suite of goods. The Cary 3500 UV-Vis records could be controlled, secured, and protected in a steady, valuable portfolio, assisting to fulfill global regulatory necessities.

In October 2021, The Company BRUKER CORPORATION declared the approval of its large specimen Dimension IconIR nanoscale infrared spectroscopy and chemical imaging systems. The platform constitutes Dimension Icon AFM and nanoIR photothermal AFM-IR technology to introduce novel standards in chemical and material property planning with sub-10nm chemical imaging resolution.

In June 2021, The Company PERKINELMER INC. has approved to adopt the SIRION Biotech GmBH which is a supplier of vector-based machinaries that fuels enhanced performance for cell and gene therapies. This acquirement comprises gene editing and modulation tools for CRISPR, CRISPRi and RNAi, custom cell lines for bio generation and base editing machinaries

Global Analytical Instrumentation Market: Key Companies Insights

The global analytical instrumentation market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global analytical instrumentation market are:

Agilent Technologies Inc., Bruker Corporation, PerkinElmer Inc., Thermo Fisher Scientific, Shimadzu Corporation, Malvern Panalytical Ltd (Spectris Company), Mettler Toledo International, Waters Corp, Bio-Rad Laboratories Inc.

*Definition: Analytical instruments are a vast class of instruments which are utilized for analytical applications in oil refineries, pharmaceutical, chemical, clinical, and food processing laboratories. These instruments assists in introducing the composition and analyzing substances. Most general types of analytical equipment’s are calorimeter, demagnetizers, conductivity meter, automatic titrators, refractometer, spectrophotometer, electrochemical instrument, automatic density meter, colony counter, fiberscopes, and many others.

Frequently Asked Questions

The global analytical instrumentation market size is estimated to be valued at US$ 43.2 Billion in 2021 and is expected to exhibit a CAGR of 8.4% between 2022 and 2030.

Development of precision medicine fueling the growth of the market.

The end-user industry segment is the leading component segment in the market.

High initial cost restraining growth of the market.

Major players in the market are Agilent Technologies Inc., Bruker Corporation, PerkinElmer Inc., Thermo Fisher Scientific, Shimadzu Corporation, Malvern Panalytical Ltd (Spectris Company), Mettler Toledo International, Waters Corp, Bio-Rad Laboratories Inc.

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