Increasing research activities in the field of nanotechnology, rising investments in pharmaceutical R&D, and stringent regulatory guidelines for product quality across industries are fueling the growth of the market. Moreover, increasing government support for nanotechnology research and the rapidly growing pharmaceutical industry in emerging countries are some of the other major factors driving the growth of this market.
The Particle Size Analysis Market is projected to
reach USD 465 million by 2025 from USD 356 million in 2020, growing at a CAGR
of 5.5% during the forecast period.
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Market
segmentation: -
Based on technology,
the market is segmented into laser diffraction, dynamic light scattering,
imaging, coulter principle, nanoparticle tracking analysis, and other
technologies. The laser diffraction segment accounted for the largest share of
the particle size analysis market in 2019, driven by the growing initiatives to
create awareness about laser diffraction, increasing R&D expenditure in the
pharma and biotech sectors, and rising food safety concerns.
Based on type, the
imaging market is segmented into two major types—dynamic imaging and static
imaging.
The Nanoparticle
Tracking Analysis (NTA) segment is expected to register the highest growth
during the forecast period by technology. The significant growth of this
segment is attributed to advanced applications of these particle size analyzers
and growing research activities in the field of nanotechnology.
Recent
Developments:
- In
2020, MICROTRAC MRB (US) entered into a distribution partnership with ATS
Scientific (Canada), where ATS will act as a service provider for
MICROTRAC in Canada.
- In
2019, Shimadzu Corporation (Japan), entered into an agreement with Earle
A. Chiles Research Institute (Providence), (US). The agreement will focus
on the application of mass spectrometry technology to develop tools for
personalized cancer immunotherapeutics.
- In
2018, Malvern Panalytical (UK) and Waters Corporation (US) entered into a
co-marketing agreement. Under this, both companies will market the polymer
characterization product range.
Regional
Analysis: -
The particle size
analysis industry is segmented into five regional segments, namely, North America,
Europe, Asia Pacific, Latin America, and the Middle East & Africa. The
North American region accounted for the largest share of the particle size
analysis market in 2019.
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Top
Key Players: -
The major players
operating in the particle size analyzers market are Malvern Panalytical (UK),
HORIBA (Japan), Beckman Coulter, (UK), MICROTRAC MRB, (US), Izon Science (UK),
Micromeritics Instrument Corporation (US), Shimadzu Corporation (Japan),
Sympatec (Germany), Anton Paar (Austria), TSI (US), Bettersize Instruments
(China), FRITSCH (Germany), Brookhaven Instruments, (US), LS Instruments AG
(Switzerland), and AimSizer (China).
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