Market outlook of the global particle analyzer market
The global particle analyzer market is expected to grow steadily at a CAGR of around 6% during the forecast period. The growth of the healthcare and chemical industry in the APAC region is predicted to increase the demand for particle analyzers.
Major corporations are either setting up or migrating their R&D facilities to Asian countries as a result of the pro-investment government initiatives. BASF is setting up new facilities in South Korea while Seagate and Apple are investing in new facilities in Singapore and Japan respectively. Also, as nanoparticle tracking analysis gains popularity in industrial research applications, particle analyzer OEMs are either partnering or acquiring firms that specialize in nanoparticle tracking analysis. For instance, during 2013, Malvern Instruments acquired NanoSight, the firm that developed and commercialized the nanoparticle tracking analysis (NTA).
Leading vendors in the particle analyzer market
Most of the leading vendors in the global particle analyzer market are American and German companies. The market is highly competitive with most vendors offering products using similar technology. Huge investments are being made for R&D activities. Some regions like APAC offer customized incentive plans for investments made in R&D. For instance, China has around 150% pre-tax deduction that can be claimed for R&D activities.
The top vendors in the market are: -
- Malvern
- Microtrac
- Micromeritics
- Beckman Coulter
- Sympatec
Other prominent vendors in the market are HORIBA, Agilent, Izon, and Shimadzu.
Segmentation of the global particle market by technology
- Laser diffraction
- Nanoparticle tracking
- Image analysis
- Dynamic light scattering
Laser diffraction accounted for around 32% of the total market share in 2014 but is predicted to witness a slow growth during the forecast period. The nanoparticle tracking segment is expected to emerge as the fastest growing segment due to its ability to sample huge volumes and save time. Both image analysis and dynamic light scattering segments will see sluggish growth during the forecast period.
Segmentation of the global particle analyzer market by end users
- Healthcare
- Metals and minerals
- Oil, gas, and chemical
- Others
The healthcare sector is the largest end-user segment of particle analyzer market and is predicted to reach a revenue of around $49 million by the end of 2019. The metals and minerals segment is the second largest particle analyzer market and is expected to witness a steady growth during the forecast period. The large mineral reserves in rapid growth regions like Latin America and Africa is expected to drive the growth of this region.
Segmentation of the global particle analyzer market by geography
- Americas
- EMEA
- APAC
The Americas had the largest revenue share in the global market of around 41% during 2014, followed by EMEA and APAC. The report predicts that by the end of the forecast period, APAC would emerge as the fastest growing region. Countries like South Korea, Taiwan, China, and Singapore will drive the growth of the market in this region.
Other sections of the report include an analysis of the following
- Growth forecast for the key segments of the global particle analyzer market
- Trending factors influencing the market shares of Americas, EMEA, and APAC
- Five forces analysis of the global particle analyzer market
- Key factors driving the global particle analyzer market
- Market trends impacting the growth of the global particle analyzer market
- Opportunities and threats faced by the vendors in the global particle analyzer market
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