Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR43935

  • US Analytical Instrument Market Size 2024-2028

    The US analytical instrument market is forecast to grow by USD 4.7 million at a CAGR of 2.07% between 2023 and 2028. This expansion is driven by two primary factors: the rising demand for generic drugs and the increasing use of electrical and electronic components in the automobile industry, both requiring precise testing solutions. Advanced analytical instruments are essential in ensuring the quality and safety of generic drugs, as well as the accurate manufacturing and quality control of automotive components. However, manufacturers must overcome challenges in designing equipment that balances accuracy, cost-effectiveness, and regulatory compliance.

    Analytical instrument market in us 2024-2028

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    Market Segmentation

    By Product

    • Process control instruments
    • Laboratory analytical instruments
    • Electrical measurement equipment
    • Others

    By End-User

    • Pharmaceutical and biotechnology companies
    • Food and beverage companies
    • Environmental testing organizations
    • Others

    By Geography

    • US

    Product Insights

    The process control instruments segment is anticipated to experience significant growth due to stringent compliance with Good Laboratory Practices (GLP) and Good Manufacturing Practices (GMP). High demand for analytical instruments such as spectrometers, chromatographs, mass spectrometers, pH meters, and particle size analyzers is observed in industries requiring strict quality control. Advanced technologies like automation, robotics, miniaturization, and Raman spectroscopy are further enhancing the efficiency of these instruments. Additionally, developments in genomics research and molecular imaging systems continue to drive market growth.

    Market Dynamics

    Drivers

    • Rise in Demand for Generic Drugs: Compliance with GLP and GMP has led to increased demand for analytical instruments such as spectrometers, chromatographs, and PCR machines. These instruments are essential for validation, calibration, quality control, and diagnostic testing.

    • Growing Use of Electrical and Electronic Components in the Automobile Industry: Increased use of sensors and electronic modules in automotive manufacturing necessitates precise analytical testing. Technologies like Raman spectroscopy and NMR spectrometers are widely adopted for chemical component analysis, quality control, and regulatory compliance.

    Trends

    • Automation and Robotics in Analytical Testing: The adoption of automation, robotics, and miniaturized instruments is increasing across industries for improved efficiency and precision.

    • Advancements in Molecular Imaging and Next-Generation Sequencing: Analytical instruments are increasingly used for genomics research, biomarker detection, and drug monitoring applications.

    Challenges

    • Complexity in Equipment Design: Manufacturers face challenges in balancing accuracy, cost-effectiveness, and regulatory compliance while designing analytical instruments. Ensuring high precision while keeping costs manageable remains a major hurdle.

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    Key Players

    • ABB Ltd.
    • Agilent Technologies Inc.
    • AMETEK Inc.
    • Bio Rad Laboratories Inc.
    • Bruker Corp.
    • Danaher Corp.
    • Emerson Electric Co.
    • Eppendorf SE
    • F. Hoffmann La Roche Ltd.
    • Fortive Corp.
    • General Electric Co.
    • Honeywell International Inc.
    • Mettler Toledo International Inc.
    • Mitsubishi Electric Corp.
    • Perkin Elmer Inc.
    • Shimadzu Corp.
    • Siemens AG
    • Thermo Fisher Scientific Inc.
    • Waters Corp.
    • Yokogawa Electric Corp.
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