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Technavio’s market research analyst predicts the global nanoparticle tracking analyser (NTA) market to grow steadily at a CAGR of around 9% by 2021. One of the primary drivers for this market is the exponentially rising focus on focus on drug discovery and development. It has been observed that focus on drug discovery and development by pharmaceutical and biotechnology companies has increased over the past few years. The rapid progression in NTA technologies has enabled pharmaceutical companies to mitigate formulation risks as rapidly and simply as possible. Consequently, NTA will be used as a robust tool for developing novel therapeutics that will target the challenging proteins. Also, with the increase in drug discovery, there will also be an indirect hike in the consumption of NTAs among end-users. This, in turn, will propel the growth of the global NTA market during the forecast period.
One of the latest trends gaining traction in this market is the rapid technological advances and increase in aid in the NTA market. Recently, NTAs have witnessed an extension of their applications, prompting the vendors in the market to improve their existing instrumentation and develop new products based on the changing needs of customers. Advances in the market have enabled manufacturers to improve their product offerings by improving their ability to evaluate particle size, concentration, zeta potential, and aggregation. These advances in the NTA technologies has enabled end-users to view the size and number of nanoparticles in liquid suspension and analyze nanoparticle population on an individual basis. With more parameters, users can obtain data about the relative intensity of light scattered and the nanoparticle concentration in order to view and study particles that are fluorescently labeled. These technological improvements in the NTA will, in turn, augment growth in the global NTA market in the coming years.
The global NTA market is highly fragmented due to the presence of multiple international and regional vendors. The market is growing rapidly with the increase in the number of applications that use nanoparticle tracking analysis technology such as in the healthcare and food and beverage industries. Price is set to become a major base for competition among players to gain an edge in the market.
Leading vendors in the market are –
Other prominent vendors in the NTA market include Beckman Coulter (Life Sciences), Hitachi High-Technologies, IKO Science, JEOL, LUM, Microtrac, Particle Metrix, Shimadzu, TSI, and Wyatt Technology.
During 2016, the consumables segment dominated the NTA market and accounted for a major part of the overall market share. The repeat purchase of products by various end-users for numerous testing purposes is the key contributor to the dominance of this segment in the global market. Also, the growing significance in drug development, nanoparticles, protein aggregation, and soil and sediment applications will further support the growth of the consumables segment in the next four years.
In this market study, analysts have estimated the Americas to dominate the NTA market during the forecast period. The presence of a large number of testing laboratories, research facilities, sub-contract laboratories, and pharmaceutical companies is the major attributor to the growth of the NTA market in the region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
Tags: drug discovery, NTA technologies, lab instruments, laboratory apparatus, lab equipment market share, lab equipment market size,
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