“The particle size analysis market projected to grow at a CAGR of 5.2% during the forecast period.”
The global particle size analysis market is projected to reach USD 405.0 million by 2022 from USD 314.3 million in 2017, at a CAGR of 5.2%. The major factors driving the growth of the market include increasing research activities in the field of nanotechnology, technological advancements in particle size analyzers, increasing investment in pharmaceutical R&D, and stringent regulatory guidelines for product quality across industries. However, high import duties on particle size analyzers in developing countries and limitations in the particle characterization range of these instruments are restraining market growth.
“The wet dispersion particle size analysis segment is expected to grow at the highest rate during the forecast period.”
On the basis of type of dispersion, the global particle size analyzers market has been segmented into wet dispersion, dry dispersion, and spray dispersion. In 2017, the wet dispersion segment is expected to grow at the highest CAGR during the forecast period in the particle size analysis market.The increasing application of nanoparticles which is mainly analyzed via liquid dispersion is driving the high growth of this market segment.
“The pharmaceutical & biotechnology companies segment accounted for the largest share of particle size analysis market”
On the basis of end users in the healthcare industry, the particle size analysis market is segmented into three major segments, namely, pharmaceutical & biotechnology companies, public and private research institutions, and academic institutions. The pharmaceutical and biotechnology companies segment accounted for the largest share of the market in 2017. This is mainly attributed to factors such as growing government initiatives to support biotechnology research, company initiatives to increase customer awareness about new particle characterization technologies.
“The APAC market is expected to grow at the highest CAGR during the forecast period”
Geographically, the particle size analysis market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The APAC market is expected to register the highest growth rate during the forecast period. The fast growth of this segment is mainly due to the governments in various Asia Pacific countries are focusing on ensuring high product quality; as particle size analyzers play a significant role in quality control, their demand in the Asia Pacific region is increasing. Moreover, as markets in developed countries are increasingly becoming saturated, manufacturers and suppliers of particle size analysis products are shifting their focus towards the Asian market, thereby driving the growth of this market during the forecast period.
Breakdown of supply-side primary interviews:
• By Company Type - Tier 1 – 25%, Tier 2 – 30% and Tier 3 – 45%
• By Designation - C-level – 26%, Director level – 30%, Others – 44%
• By Region - North America - 34%, Europe – 26%, APAC – 23%, RoW – 17%
The major players in the market included are Malvern (UK), HORIBA (Japan), and Beckman Coulter (US).
This report studies the particle size analysis market based on technology, type of dispersion, type of industry, end user in healthcare industry, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
Reasons to Buy the Report:
This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the particle size analysis market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.