Pharmaceutical Industry Segment, by End User to Account Largest Share in Nanoparticle Measurement Instrument Market during 2023-2031
According to our new research study on "Nanoparticle Measurement Instrument Market Forecast to 2031 - Global Analysis - by Type and End User," the market is expected to grow from US$ 7.59 billion in 2023 to US$ 10.93 billion by 2031; it is anticipated to record a CAGR of 4.7% from 2023 to 2031. The report highlights the key factors driving the nanoparticle measurement instrument market growth and prominent players with their developments in the market.
The nanoparticle measurement instrument market analysis has been carried out by considering the following segments: type, end user, and geography. The market, based on type, is segmented into x-ray diffractometer, scanning electron microscope, atomic force microscope, photon correlation spectroscope, nanoparticle surface area monitor, transmission electron microscope, condensation particle counter, differential mobility analyzer, scanning mobility particle sizer, nanoparticle tracking analyzer, aerosol particle mass analyzer, and others. The transmission electron microscope segment held the largest share of the market in 2023. The same segment is expected to account for the highest CAGR from 2023-2031.
The market, based on end user, is segmented into pharmaceutical industry, biotechnology industry, contract research organization, and others. The pharmaceutical industry segment held the largest nanoparticle measurement instrument market share in 2023. The pharmaceutical landscape has undergone a massive transformation with the emergence of new cost-effective technologies and more efficient manufacturing approaches. The employment of nanotechnology in medicine and drug research has the potential to bring significant advancements in disease diagnosis, treatment, and prevention. In recent years, nanoparticles have become essential in modern medicine as they are employed in clinical applications as contrast agents in imaging, carriers for drug and gene delivery into tumors, and so on. Nanoparticles enable analyses and therapies that cannot be performed otherwise. The expanding application of nanoparticles in the healthcare sector has led to the development of instruments to analyze and measure their different characteristics and functionalities in pharmaceutical preparations. For instance, the ARL EQUINOX X-ray diffractometer manufactured by Thermo Scientific is a compact instrument designed for industrial QA/QC, academic, and routine X-ray diffraction applications in the pharmaceutical sector.
The scope of the nanoparticle measurement instrument market report covers North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, Japan, India, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America is the biggest contributor to the global nanoparticle measurement instruments market. The factors driving the growth in this region are the growing presence of companies offering nanoparticle measurement instruments, the commercialization of nanotechnology in the pharmaceutical & biotechnology industry, and increasing activities in research and development by the medical device industry. Asia Pacific is predicted to show the highest CAGR in the market during 2023-2031.
Bruker Corp, Spectradyne LLC, Malvern Panalytical Ltd, IZON Science LTD, Particle Metrix GmbH, Microtrac Retsch GmbH, Horiba Ltd, Angstrom Advanced Inc., Shimadzu Corp, and Yokogawa Electric Corp are among the leading companies operating in the global nanoparticle measurement instrument market.
Companies operating in the nanoparticle measurement instrument market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the nanoparticle measurement instrument market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.
A few of the developments made by the companies operating in nanoparticle measurement instrument market are as follows:
- In May 2023, Bruker introduced the ForceRobot 400 BioAFM, a system that can generate over 250,000 force curves daily. It offers label-free, nanomechanical measurement of individual molecules in near-physiological conditions and allows a flexible selection of user-defined areas for investigation. This enables researchers to gain crucial insights into complex biological processes.
- In March 2023, HORIBA, Ltd. expanded its XGT-9000 series product line by releasing two new micro-XRF (X-ray fluorescence) analyzers: XGT-9000 Pro and XGT-9000 Expert X-ray Analytical Microscopes. The XGT-9000 Series is used in a broad range of fields. It is used in fuel cells, lithium-ion batteries, pharmaceuticals, and other industrial fields to detect foreign matter and develop new materials.
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