Growth in the particle counters market is likely to be centered in the Asia-Pacific region. This can be attributed to the growth of the manufacturing & pharmaceutical sectors in Asian countries and the enforcement of anti-pollution regulations in China. Particle counters find applications in checking for contamination in the manufacturing environment, as well as in monitoring water and other liquids used in the manufacturing process in various industries. Hence, growth in these industries is anticipated to drive the market of particle counters in this region.
China has one of the most diverse and largest manufacturing sectors of any country. Goods manufactured by China include chemicals, electronics, automobiles, and aircraft. China leads in the manufacturing of various types of goods.
According to the China-Britain Business Council report, China is the world’s largest manufacturer of automobiles. The total output and sales of vehicles were more than 24 million vehicles in 2014 [Source: International Trade Administration]. This figure increased by 4.7% over 2014. According to the International Trade Administration, China is the second-largest pharmaceutical market in the world. This market was valued at USD 108.00 billion in 2015; it is projected to reach USD 167.00 billion by 2020 at a CAGR of 9.1%. Furthermore, the Chinese government launched its 12th five-year economic plan for FY 2011-2015, identifying seven strategic industries as high priority areas—biotechnology, information technology, new energy, environmental maintenance, new materials, high-end manufacturing, and alternative fuels. The Chinese government is making large investments in these areas. Particle counters find significant applications in all of the above industries; as a result, the growth of these end-use areas is expected to contribute significantly to that of the market.
The Indian pharmaceutical industry is the third largest in the world (Source: National Investment Promotion Agency). According to the Pharmaceuticals Export Promotion Council of India, the Indian domestic organized pharmaceutical retail market generated ~USD 1.395 billion (INR 90 billion) in revenue, in 2015. Moreover, the Department of Pharmaceuticals in India prepared the “Pharma Vision 2020” document for boosting India’s drug discovery and innovation capabilities, in terms of setting up world-class infrastructure, creating competitive scientific workforce for pharma R&D, and supporting venture funding for research in the public and private domains. Additionally, the government is also working on an initiative to make India one of the top five pharmaceutical innovation hubs, globally, by 2020 (Source: Associated Chambers of Commerce of India) via a multi-billion dollar investment project. Particle counters are also used to detect significant variations in air cleanliness and particle contamination in water used for manufacturing pharmaceutical products as well as the finished product. Thus, the growth of the pharmaceutical industry is expected to drive the demand for particle counters in this country, and thereby market growth.
The Japanese pharmaceutical and biotechnology industries are expanding in terms of production capabilities and research activity. According to Lupin Ltd. (India), Japan is the second-largest pharmaceutical market in the world, valued at about USD 115 billion in 2013. The biopharmaceutical industry is expected to grow due to recent favorable factors and government initiatives. For instance, in April 2007, the Japanese government announced a five-year strategy for the creation of innovative pharmaceuticals and medical devices, which aims to develop superior drugs, devices, and technologies. Moreover, the government shortened the approval processes of the innovative products developed, and also modified its stringent regulatory framework to ease the entry of foreign pharmaceutical companies in the country. This will aid in the further expansion of the pharmaceutical industry. Hence, the rising pharmaceutical industry is in turn anticipated to drive its market for particle counters in Japan.