WELLESLEY, Mass., Dec. 12, 2017 (GLOBE NEWSWIRE) — The global physical characterization instrument market is expected to see 6.2% average annual growth through 2022, when the total market could reach $27.3 billion, according to a report by BCC Research. Growth is expected to be led by sales of calorimetry, microscopic and spectroscopic instruments.
All methods of physical characterization are expected to develop rapidly due to increased global demands for research and development in laboratories, according to the report Physical Characterization Instruments: Global Markets to 2022.
Leaders in the field include ATS Scientific, Colloidal Dynamics, FRITSCH, Hitachi High-Technologies, Leica Microsystems, Microtrac Global, Nikon Instruments, Olympus, Restek, Scion Instruments, Tescan and Thermo Fisher Scientific.
- Growth in the industry will be led by North America, where the market is expected to grow 6.4% annually through 2022, when it could be worth $8.9 billion. This market is expected to gain traction due to rising focus toward nanotechnology research during forecast period.
- Small-angle neutron scattering instruments will grow the fastest, at an estimated 6.9% annually through 2022, though small-angle X-ray scattering units will lead in total volume, with an estimated 2022 value of $1.2 billion.
- Growth in the market of spectroscopy instruments using either infrared or ultraviolet-visible technology is largely due to increasingly stringent government rules regarding the quality of food.
“The growth of research and development in the pharmaceutical sectors in the North America, Europe and Asia-Pacific regions is the major driver for the market for physical characterization instruments,” said BCC Research analyst and report author Aneesh Kumar. “Various methods used in the determination of physical properties of different particles are scattering, spectroscopy, microscopy, calorimetry, chromatography and density measurement. In 2017, chromatography has the highest market with a market share of 48.8%.”
Microscopy Trends, Especially in Academic Institutions, Driven by Nanotechnology
Modern technology is made possible in part by devices which make magnification and visualization possible, meaning that microscopes are poised to see growth through 2022. Nanotechnology, government and corporate investments, and technological innovations such as super resolution microscopy and high-throughput techniques are driving growth in the market. Increasing interest in research and development in the fields of neuroscience, optogenetics and nanotechnology means that academic institutions are major end users in the market.
Editors/reporters requesting analyst interviews should contact firstname.lastname@example.org.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: email@example.com as the source and publisher. Thank you.