Analytical Instrument Market Analysis US - Size and Forecast 2024-2028

US Analytical Instrument Market Size 2024-2028

The US analytical instrument market size is forecast to increase by USD 4.7 million at a CAGR of 2.07% between 2023 and 2028.

• The market is witnessing significant growth due to several key factors. One of the primary drivers is the increasing demand for generic drugs, leading to an increase In the need for advanced analytical instruments for their production. Another growth factor is the rising usage of electrical and electronic components In the automobile industry, which is fueling the demand for precise and reliable analytical instruments. The use of these instruments facilitates automation, robotics, and miniaturization, enabling efficient and accurate analysis. Key trends include the integration of automation and digitalization, miniaturization, and the application of these technologies in emerging fields such as genomics, proteomics, and metabolomics. However, the market also faces challenges, particularly In the area of equipment design. Complexities in designing instruments that meet the specific requirements of various industries and applications can hinder market growth. Despite these challenges, the future of the analytical instrument market In the US looks promising, with continued innovation and advancements in technology expected to drive growth.

What will be the size of the US Analytical Instrument Market during the forecast period?

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• The analytical instrument market encompasses a range of laboratory tools utilized for the analysis of chemical substances, clinical diagnostics, life sciences research, and various sectors including spectroscopy, chromatography, polymerase chain reaction (PCR), microarray, sequencing technologies, biotechnology, personalized medicine, genomics, proteomics, metabolomics, molecular analyses, drug discovery, and separation techniques.
• These instruments play a pivotal role in quantification and identification of chemical components in natural and artificial materials, as well as In the study of food-processing. The market is driven by the growing demand for rapid and accurate analysis, increasing focus on research and development, and the need for improved drug responses and personalized medicine.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Process control instruments
  • Laboratory analytical instruments
  • Electrical measurement equipment
  • Others
• End-user
  • Pharmaceutical and biotechnology companies
  • Food and beverage companies
  • Environmental testing organizations
  • Others
• Geography
  • US

By Product Insights

• The process control instruments segment is estimated to witness significant growth during the forecast period. The analytical instrument market In the US is driven by the increasing demand for process control instruments in various industries, including chemical and petrochemical, water and wastewater treatment, and oil and gas. These industries require real-time measurement of sample parameters to ensure product quality and enhance manufacturing process productivity. Process control instruments, such as electromagnetic flow meters, boiler controls, combustion controls, and hydrometers, are essential for this segment. Key applications of process control instruments include pharmaceuticals, food processing, electronics, and energy systems. The market is further fueled by regulatory guidelines, such as Good Laboratory Practices (GLPs), Good Manufacturing Practices (GMPs), and instrument validation requirements.

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The process control instruments segment was valued at USD 13.10 million in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of US Analytical Instrument Market?

• Rise in demand for generic drugs is the key driver of the market. The analytical instrument market In the US is driven by the growing demand for laboratory tools in various sectors, including life sciences research, clinical diagnostics, and the biotechnology industry. The market encompasses a range of technologies, including spectroscopy, chromatography, polymerase chain reaction (PCR), microarray, sequencing technologies, and microscopy instruments. These instruments play a crucial role in drug development, precision medicine, molecular diagnostics, and biotherapeutics. Key applications of analytical instrumentation include cancer research, infectious diseases, chronic diseases, and therapeutic proteins. Technologies such as liquid chromatography, mass spectroscopy, UV-Vis spectroscopy, and pH meters are essential for clinical testing and diagnostic tests, including cancer detection.
• Spectrometers, chromatographs, mass spectrometers, and particle size analyzers are used for raw material analysis, in-process monitoring, final product testing, and quality control. Skilled professionals operate these instruments in various industries, including pharmaceuticals, food-processing, oil and gas, electric vehicles, energy systems, and storage potential. The market is subject to regulatory guidelines, such as Good Laboratory Practices (GLP), Good Manufacturing Practices (GMP), instrument validation, calibration, and quality control. Major analytical instrument categories include spectroscopy, chromatography, mass spectrometry, and microscopy. Spectroscopy instruments, such as Raman spectroscopy and NMR spectrometers, are used for genomics research, genetic mutations, and biomarkers detection. Chromatography techniques, such as HPLC and GC, are used for separation and quantification of chemical components in natural and artificial materials.

What are the market trends shaping the US Analytical Instrument Market?

• Rise in usage of electrical and electronic components in automobile industry is the upcoming trend In the market. The Analytical Instrument Market In the US is driven by the increasing demand for laboratory tools in various industries, including life sciences research, clinical diagnostics, and biotechnology. Chemical substances and biological materials require precise analysis for drug development, precision medicine, molecular diagnostics, and biotherapeutics. Spectroscopy techniques, such as Raman spectroscopy and NMR spectrometers, are used for molecular analyses in genomics research, genetic mutations detection, and cancer research. Chromatography methods, including liquid chromatography and mass spectroscopy, are essential for the separation and quantification of chemical components in natural and artificial materials. Clinical testing and diagnostic tests rely on analytical instrumentation for cancer detection, drug monitoring, toxicology, and biomarkers detection.
• Spectrometers, chromatographs, mass spectrometers, pH meters, and particle size analyzers are commonly used instruments In these applications. Skilled professionals operate these instruments under Good Laboratory Practices (GLP) and Good Manufacturing Practices (GMP) to ensure instrument validation, calibration, quality control, raw material analysis, in-process monitoring, final product testing, and regulatory compliance. Innovations in sequencing technologies, such as next-generation sequencing, microarray, and polymerase chain reaction (PCR) machines, have revolutionized the field of genomics, proteomics, and metabolomics. These technologies enable the analysis of genetic information, drug responses, and molecular interactions at the atomic scale. The biotechnology industry's focus on personalized medicine, regenerative medicines, and phytopharmaceuticals also contributes to the growth of the analytical instrument market.

What challenges does US Analytical Instrument Market face during the growth?

• Challenges related to equipment design is a key challenge affecting market growth. The analytical instrument market In the US is experiencing significant growth due to the increasing demand for advanced laboratory tools in various sectors. In the life sciences research field, the use of analytical instrumentation such as spectroscopy, chromatography, Polymerase Chain Reaction (PCR), microarray, sequencing technologies, and microscopy instruments are essential for molecular diagnostics, drug development, precision medicine, and biotechnology industry applications. These technologies enable the identification and analysis of chemical substances, biomarkers, and genetic information, contributing to the development of therapeutic proteins, biotherapeutics, and personalized medicine. The biotechnology industry's focus on regulatory guidelines, such as Good Laboratory Practices (GLP), Good Manufacturing Practices (GMP), instrument validation, calibration, quality control, and raw material analysis, drives the demand for analytical instrumentation.
• In clinical testing and diagnostic centers, these instruments play a crucial role in cancer detection, infectious diseases, chronic diseases, and toxicology testing. Advancements in sequencing technology, molecular imaging, drug monitoring, and toxicology have led to the development of next-generation sequencing, Raman spectroscopy, NMR spectrometers, and genomics research. These technologies are essential for the detection and quantification of chemical components, natural materials, artificial materials, and separation processes. The analytical instrument market caters to various industries, including pharmaceutical, food-processing, oil and gas, electric vehicles, mobile phones, energy systems, cleaner energy, and environmental testing. The market's growth is attributed to the increasing demand for skilled professionals, automation, robotics, miniaturization, and the need for efficient and accurate analytical instrumentation.

Exclusive US Analytical Instrument Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ABB Ltd.
• Agilent Technologies Inc.
• AMETEK Inc.
• Bio Rad Laboratories Inc.
• Bruker Corp.
• Danaher Corp.
• Emerson Electric Co.
• Eppendorf SE
• F. Hoffmann La Roche Ltd.
• Fortive Corp.
• General Electric Co.
• Honeywell International Inc.
• Mettler Toledo International Inc.
• Mitsubishi Electric Corp.
• Perkin Elmer Inc.
• Shimadzu Corp.
• Siemens AG
• Thermo Fisher Scientific Inc.
• Waters Corp.
• Yokogawa Electric Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The analytical instrument market In the United States is a dynamic and evolving industry, driven by advancements in technology and the growing demand for precise and accurate analysis in various sectors. This market encompasses a wide range of instruments used for the analysis of chemical substances, clinical diagnostics, life sciences research, and more. Spectroscopy and chromatography are two prominent techniques used in analytical instrumentation. Spectroscopy involves the interaction of electromagnetic radiation with matter to identify and quantify chemical components. Technologies such as Raman spectroscopy, infrared spectroscopy, and ultraviolet-visible spectroscopy offer solutions for various applications, including material characterization, pharmaceutical analysis, and environmental testing.

In addition, chromatography, on the other hand, separates and identifies individual components in a mixture through the use of a stationary and a mobile phase. Techniques such as liquid chromatography, gas chromatography, and capillary electrophoresis provide solutions for applications in food safety testing, pharmaceutical development, and environmental analysis. Microscopy instruments, including electron microscopy and atomic force microscopy, offer high-resolution imaging capabilities, enabling the study of materials at the nanoscale. These instruments are essential in fields such as biotechnology, materials science, and electronics. Automation, miniaturization, and the integration of robotics are key trends In the analytical instrument market. These advancements enable faster and more efficient analysis, reducing the need for skilled professionals and lowering costs.

Moreover, regulatory guidelines play a significant role In the analytical instrument market, particularly in industries such as pharmaceuticals and food processing. Good laboratory practices, good manufacturing practices, instrument validation, calibration, and quality control are essential components of regulatory compliance. The biotechnology industry is a major contributor to the analytical instrument market, with applications in drug discovery, drug development, precision medicine, and personalized medicine. Technologies such as polymerase chain reaction, next-generation sequencing, and molecular imaging are essential tools in this field. Molecular diagnostics, cancer research, and infectious diseases are other significant areas of application for analytical instruments. Biomarkers detection, drug monitoring, and toxicology testing are crucial In these areas, enabling early detection and effective treatment.

Furthermore, the analytical instrument market also caters to industries such as oil and gas, electric vehicles, energy systems, and cleaner energy. Applications include the analysis of natural and artificial materials, calorimetry, and melting point analysis. Applications span across various sectors, including pharmaceuticals, biotechnology, food processing, and environmental testing, among others. The integration of automation, miniaturization, and robotics is a key trend, enabling faster and more efficient analysis. Regulatory guidelines and compliance are essential components of the market, ensuring the accuracy and reliability of analytical results.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across US
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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