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Analytical Instrumentation Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Market Analysis of Analytical Instrumentation
Market Size & CAGR of Analytical Instrumentation Market in 2021
The global analytical instrumentation market is expected to experience a CAGR of 4.5% from 2021 to 2028, resulting in a market growth of USD 10.2 billion by 2028.
COVID-19 Impact on the Analytical Instrumentation Market
The COVID-19 pandemic has significantly impacted the analytical instrumentation market, leading to a shift in demand for these devices. With the increase in remote monitoring requirements and the need for accurate testing, the market witnessed a surge in demand during the pandemic.
Analytical Instrumentation Dynamics
The analytical instrumentation market is driven by technological advancements, increased R&D activities, and the growing focus on precision and efficiency in various industries such as healthcare, pharmaceuticals, and environmental monitoring.
Segments and Related Analysis
The market segments include spectroscopy, chromatography, microscopy, and others. Spectroscopy held the largest market share in 2021 due to its widespread application in pharmaceuticals and life sciences.
By Region Analysis
The North American region dominated the analytical instrumentation market in 2021, followed by Europe and Asia Pacific. The increasing adoption of advanced analytical technologies in these regions contributed to their market share.
Key Market Players and Competitive Landscape
Key players in the analytical instrumentation market include Thermo Fisher Scientific, Agilent Technologies, Shimadzu Corporation, PerkinElmer, and Bruker Corporation. These companies focus on product innovation and strategic partnerships to enhance their market presence.
Recent Happenings in the Analytical Instrumentation Market
In recent developments, Thermo Fisher Scientific launched a new mass spectrometer system for advanced analytical applications. Agilent Technologies introduced a high-performance liquid chromatography system with enhanced sensitivity and accuracy.
