Portable Analytical Instrument Market by Technology, Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71545
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The portable analytical instrument market share is expected to increase by USD 2.52 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.70%.

This portable analytical instrument market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers portable analytical instrument market segmentation by technology (spectroscopic analysis, elemental analysis, and others), product (spectrometers, gas and TOC analyzers, thermal analyzers, and others), end-user (pharmaceutical and biotechnology companies, food and beverage companies, environmental testing organizations, and others), and geography (APAC, North America, Europe, South America, and MEA). The portable analytical instrument market report also offers information on several market vendors, including Agilent Technologies Inc., Bruker Corp., Danaher Corp., F. Hoffmann-La Roche Ltd., HORIBA Ltd., JASCO International Co. Ltd., Metrohm AG, Shimadzu Corp., Teledyne Technologies Inc., and Thermo Fisher Scientific Inc. among others.

What will the Portable Analytical Instrument Market Size be During the Forecast Period?

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Portable Analytical Instrument Market: Key Drivers and Trends

The rise in demand for generic drugs is notably driving the portable analytical instrument market growth, although factors such as design challenges in the miniaturization of handheld devices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the portable analytical instrument industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Portable Analytical Instrument Market Driver

One of the key factors driving growth in the portable analytical instrument market is the rise in demand for generic drugs. The patent expiries of branded drugs and the growing prevalence of diseases increase the demand for generic drugs, contributing to the market's growth. The developments and innovations in the generic drugs market are increasing. Heavy expenditures on the R&D of these drugs by companies drive the market growth. Popular drugs for conditions such as central nervous system (CNS) disorders, cardiovascular diseases, various infections, cancer, and diabetes are expected to generate high returns in the market. This makes it important for companies to identify the drugs that will capture the maximum market share. Pharmaceutical manufacturers that have strong infrastructure can deliver tailored drugs. In addition, the adoption of business models with a strong supply chain is expected to bring in maximum market shares. This will boost the demand for analytical instruments during the forecast period.

Key Portable Analytical Instrument Market Challenge

The design challenges in the miniaturization of handheld devices will be a major challenge for the portable analytical instrument market during the forecast period. Power consumption and managing longer battery life are the two biggest design challenges for portable analyzers. The processing capabilities of today's semiconductors increase the need to reduce the high volume of power consumption and effective heat dissipation. Displays and high-performance processors are the biggest battery consumers. Another significant challenge for designers is that the designs could become obsolete when they come into existence as a product. This increases the difficulty for designers, as they need to include varied functionalities into a small device in the set budget without compromising on the user interface. This is expected to impact the portable analytical instrument market in the coming years.

This portable analytical instrument market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Portable Analytical Instrument Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agilent Technologies Inc.
  • Bruker Corp.
  • Danaher Corp.
  • F. Hoffmann-La Roche Ltd.
  • HORIBA Ltd.
  • JASCO International Co. Ltd.
  • Metrohm AG
  • Shimadzu Corp.
  • Teledyne Technologies Inc.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the portable analytical instrument market encompasses successful business strategies deployed by the key vendors. The portable analytical instrument market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The portable analytical instrument market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Portable Analytical Instrument Market?

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34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for portable analytical instruments in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and South American regions.

The increasing mergers and acquisitions and new investments will facilitate the portable analytical instrument market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Portable Analytical Instrument Market?

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The portable analytical instrument market share growth by the spectroscopic analysis segment will be significant during the forecast period. The segment growth is mainly driven by the rising use of spectroscopy systems in food and beverage testing and pharmaceutical and biotechnology testing applications. Safety and quality considerations by government organizations such as the US Food and Drug Administration (US FDA) and the European Food Safety Authority (EFSA) have increased the demand for analytical testing of pharmaceutical products and processed food.

This report provides an accurate prediction of the contribution of all the segments to the growth of the portable analytical instrument market size and actionable market insights on post COVID-19 impact on each segment.

 

Portable Analytical Instrument Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.70%

Market growth 2021-2025

$ 2.52 billion

Market structure

Fragmented

YoY growth (%)

5.21

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agilent Technologies Inc., Bruker Corp., Danaher Corp., F. Hoffmann-La Roche Ltd., HORIBA Ltd., JASCO International Co. Ltd., Metrohm AG, Shimadzu Corp., Teledyne Technologies Inc., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Portable Analytical Instrument Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive portable analytical instrument market growth during the next five years
  • Precise estimation of the portable analytical instrument market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable analytical instrument industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable analytical instrument market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Spectrometers - Market size and forecast 2020-2025
    • Gas and TOC analyzers - Market size and forecast 2020-2025
    • Thermal analyzers - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Spectroscopic analysis - Market size and forecast 2020-2025
    • Elemental analysis - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Pharmaceutical and biotechnology companies - Market size and forecast 2020-2025
    • Food and beverage companies - Market size and forecast 2020-2025
    • Environmental testing organizations - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Agilent Technologies Inc.
      • Bruker Corp.
      • Danaher Corp.
      • F. Hoffmann-La Roche Ltd.
      • HORIBA Ltd.
      • JASCO International Co. Ltd.
      • Metrohm AG
      • Shimadzu Corp.
      • Teledyne Technologies Inc.
      • Thermo Fisher Scientific Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The portable analytical instrument market growth will increase by $2519.50 million during 2020-2025.
      The portable analytical instrument market is expected to grow at a CAGR of 5.70% during 2020-2025.
      Technavio has segmented the portable analytical instrument market by technology (Spectroscopic analysis, Elemental analysis, and Others) ,product (Spectrometers, Gas and TOC analyzers, Thermal analyzers, and Others) , and end user (Pharmaceutical and biotechnology companies, Food and beverage companies, Environmental testing organizations, and Others).
      Agilent Technologies Inc., Bruker Corp., Danaher Corp., F. Hoffmann-La Roche Ltd., HORIBA Ltd., JASCO International Co. Ltd., Metrohm AG, Shimadzu Corp., Teledyne Technologies Inc., Thermo Fisher Scientific Inc. are a few of the key vendors in the portable analytical instrument market.
      APAC will register the highest growth rate of 34.19% among the other regions. Therefore, the portable analytical instrument market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the portable analytical instrument market growth are:
      • Rise in demand for generic drugs
      The portable analytical instrument market vendors should focus on grabbing business opportunities from the spectroscopic analysis segment as it accounted for the largest market share in the base year.
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