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Analytical Instrumentation Market to Touch USD 83 Billion by 2032, Attaining a 6.0% CAGR Between 2023 – 2032 | Market.us Study

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New York, May 01, 2023 (GLOBE NEWSWIRE) — The Global Analytical Instrumentation Market will exceed USD 83.0 billion by 2032, up from USD 47.0 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 6.0% between 2023 and 2032. Analytical instrumentation is essential in modern scientific research and industrial processes. Modern equipment and techniques are utilized to assess the chemical, physical, and biological characteristics of substances. This enables scientists to identify components within a sample, define its structure and properties, and monitor its behavior and interactions. Analytical instrumentation plays an essential role in many fields such as pharmaceuticals, food & beverage, environmental monitoring, and material science; helping ensure product safety & quality while developing new materials with greater comprehension.

Analytical Instrumentation Market

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Key Takeaway:

  • By product, in 2022, the analytical instrumentation market was dominated by the instruments segment due to its specific function in analysis.
  • By technology, the polymerase chain reaction segment dominated the largest market share and accounted for the largest revenue share in the analytical instrumentation market in 2022.
  • By application, the life sciences R&D segment dominated the largest market share.
  • In 2022, North America dominated the market with the highest revenue share of 45%.
  • APAC is expected to grow at a greater pace owing to the increasing demand for new technologies and solutions in industries such as healthcare, food and beverage, and environmental monitoring.

Factors affecting the growth of the Analytical Instrumentation Market

There are several factors that are affecting the growth of the analytical instrumentation Market. These include:

  • Technological Advancements: The analytical instrumentation industry is rapidly developing new technologies to enhance accuracy, sensitivity, and speed of analysis. Automation, miniaturization, and nanotechnology have all enabled the production of more efficient and cost-effective analytical instruments.
  • The growing need for analytical instruments across various industries: Pharmacies, food and beverage manufacturers, environmental monitoring firms, and oil and gas firms all rely on analytical instruments to guarantee product safety, quality, and efficacy.
  • Government Regulations: Governments around the world are enforcing stricter regulations to guarantee product and process safety and quality. Industry sectors such as healthcare and food and beverage have seen their compliance requirements become more stringent, driving up demand for analytical instrumentation.
  • Expanding research and development activities: Industries such as pharmaceuticals, biotechnology, and nanotechnology are experiencing an uptick in research and development activities that necessitate analytical instruments. These fields require these instruments for drug discovery, formulation, quality assurance, etc.
  • Increased Investment in Healthcare Infrastructure: The growing investment in healthcare infrastructure across developing countries drives demand for analytical instruments. With an ever-increasing need for healthcare services and accurate diagnostic tools, this trend will only serve to propel the growth of the analytical instrumentation industry.

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Top Trends in Global Analytical Instrumentation Market

The market for analytical instrumentation is experiencing several trends that are revolutionizing the industry and stimulating innovation. The increasing need for personalized treatment in medicine and healthcare has spurred the development of cutting-edge analytical technologies for drug discovery and diagnostics. Automation and artificial intelligence are increasingly being implemented into analytical tools and software programs. They enhance efficiency and accuracy without requiring human intervention. New analytical tools and methods for environmental monitoring have been developed recently to support sustainable practices. Data analytics and IoT offer greater opportunities to analyze data in real-time across multiple industries.

Market Growth

The analytical instrumentation market is experiencing rapid growth due to a variety of technological factors such as automation and nanotechnology has allowed the development of more efficient and cost-effective analytical instruments. The growing demand for analytical instruments from several industries such as healthcare, pharmaceuticals, chemical processing, and environmental monitoring is another reason fuelling the expansion of this market. Government regulations and increasing research-and-development activities across various industries have also contributed to the expansion of the analytical instrumentation market. Furthermore, rising investment in healthcare infrastructure across emerging nations is fuelling demand for analytical instruments.

Regional Analysis

North America holds the largest market share of 45% and is predicted to be the most dominant region in the global analytical instrumentation market with a projected CAGR of 7.2% during the forecast period. The regional market for analytical instrumentation is driven by several leading organizations and increased demand from the pharmaceutical and biotechnology industries. The Asia-Pacific is expected to experience the fastest growth in the global analytical instrumentation market, with a projected CAGR of 7.6% during the forecast period. Driven by rapid industrialization and urbanization, there is an increasing need for new technologies and solutions across industries such as healthcare, food & beverage, and environmental monitoring – contributing to market expansion.

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Scope of the Report

Report Attribute Details
Market Value (2022) USD 47.0 Billion
Market Size (2032) USD 83.0 Billion
CAGR (from 2023 to 2032) 6.0%
North America Revenue Share 45.0%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

The analytical instrumentation market has seen rapid growth over the past years, driven by several key drivers. The increasing need for analytical instruments in the pharmaceutical and biotechnology industries are major driving forces where they are employed to develop novel drugs and therapies. The food and beverage industry continues to expand, necessitating a need for analytical instruments that can guarantee food safety and quality. Furthermore, the rise of environmental regulations and worries about pollution has driven an uptick in demand for analytical instrumentation within the environmental monitoring and testing sector. Furthermore, technological developments such as portable and handheld instruments are propelling growth within this market due to the greater convenience and flexibility they offer.

Market Restraints

Though the analytical instrumentation market is growing, several challenges could slow its expansion. One major hindrance is the high cost of instruments which may prove prohibitive for smaller businesses and laboratories with limited budgets. Furthermore, some instruments require specialized training and expertise to operate and maintain effectively; additionally, changes to regulations or standards could impact demand for certain types of analytical instrumentation. Finally, competition in this market can be fierce as many companies offer similar products at similar prices leading to price wars and tight profit margins.

Market Opportunities

The analytical instrumentation market offers tremendous growth and innovation potential. One major opportunity exists in the rising demand for analytical instruments in emerging markets such as Asia-Pacific and Latin America where rapid industrialization and urbanization are driving demand for new technologies and solutions. Furthermore, the development of cutting-edge analytical technologies and applications such as nanotechnology and proteomics offers companies unique opportunities to enter the market and create new products. Big data analytics and the requirement for real-time monitoring and analysis have created a demand for advanced analytical instruments and software. Furthermore, environmental protection is becoming more of a focus leading to new applications of analytical instrumentation in areas such as air/water quality monitoring and renewable energy development.

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Report Segmentation of the Analytical Instrumentation Market

Product Insight

The market for analytical instrumentation is divided into instruments, services, and software. Of these products, instruments are the most lucrative segment within this global analytical instrumentation market with an expected CAGR of 7.2%. By 2022, the total revenue share of instruments will reach 55%. Analytical instrumentation requires highly specialized instruments designed for specific functions in chemical analysis. Chromatographs, spectrometers, and mass spectrometers are some of the instruments commonly used to separate and identify components in a sample, analyze its properties, and measure its composition. However, the software is forecasted to register the highest compound annual growth rate of 7.5% over the forecast period. Software is extensively employed for data analysis and interpretation in analytical practices such as hypothetical research or medical diagnosis.

Technology Insight

Based on technology, the market can be divided into polymerase chain reaction (PCR), spectroscopy, microscopy, chromatography, flow cytometry, sequencing, microarray, and other technologies. Polymerase chain reaction technology held the largest market share of 23.9% in the global analytical instrumentation market in 2022 and is projected to be its most lucrative segment with a CAGR of 7.4% through the projected period. The technology offers several benefits such as quick amplification and the need for less sample volume. Furthermore, it has potential applications in the detection of various diseases. Sequencing offers a higher degree of specificity and delicate detection in less time making the procedure immensely useful for basic and industrial purposes. Furthermore, the sequencing segment is expected to experience a CAGR of 7.6% over the forecast period due to its increasing adoption to evaluate nucleotide sequences within smaller genomic regions or overall genomes.

Application Insight

Based on application, the market is divided into life sciences R&D, clinical & diagnostic analysis, food & beverage analysis, forensic analysis, environmental testing, and other applications. The life sciences research & development segment accounts for 47% of the global analytical instrumentation market with an expected CAGR of 6.9% by 2022. The rise in chronic diseases has spurred research and development activities across several life sciences industries to create and manufacture novel biologics such as spectroscopy and UV-Vis spectroscopy used for antibody classification. The clinical & diagnostic analysis segment is expected to experience the highest compound annual growth rate of 7.3% during the forecast period. With rising cases of cancer and chronic illnesses, there has been a growing demand for diagnostic tests as well as analytical instrumentation such as flow cytometers for clinical testing purposes.

Recent Development of the Analytical Instrumentation Market

  • In 2022, Thermo Fisher Scientific revealed the launch of its new Vanquish Core HPCL System which is proposed to give high-performance liquid chromatography analysis for a huge range of applications.
  • In 2021, Agilent Technologies revealed the release of its new LC/MS system, the Ultivo Triple Quadrupole LC/MS which is designed to serve high sensitivity and robustness for a variety of analytical procedures.
  • In 2021, Waters Corp. revealed the release of its new ACQUITY RDa Mass Detector which is designed to offer quick and precise detection of trace-level impurities in pharmaceuticals and other complex mixtures.

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/analytical-instrumentation-market/request-sample/

Market Segmentation

Based on Product

  • Instruments
  • Services
  • Software

Based on the Technology

  • Polymerase Chain Reaction
  • Spectroscopy
  • Microscopy
  • Chromatography
  • Flow Cytometry
  • Sequencing
  • Microarray
  • Other Technologies

Based On Application

  • Life Sciences R&D
  • Clinical & Diagnostic Analysis
  • Food & Beverage Analysis
  • Forensic Analysis
  • Environmental Testing
  • Other Applications

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Competitive Landscape

Emerging key players are employing various strategic tactics to expand their businesses into global markets. Companies are investing heavily in research and development to release product portfolios that satisfy the increasing demand for analytical instruments. To boost global revenues in this arena, companies are resorting to mergers and acquisitions. Furthermore, these firms provide customized and personalized products, operate within niche segments, and adopt technological innovation tailored toward different customer demands.

Some of the major players include:

  • Thermo Fisher Scientific, Inc.
  • Waters Corp.
  • Shimadzu Corp.
  • Danaher
  • Agilent Technologies, Inc.
  • Bruker Corp.
  • PerkinElmer, Inc.
  • Mettler Toledo
  • Zeiss Group
  • Bio-Rad Laboratories, Inc.
  • Illumina, Inc.
  • Eppendorf SE
  • Hoffmann-La Roche AG
  • Sartorius AG
  • Avantor, Inc.
  • Other Key Players

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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