The major factors driving the growth of the Particle Size Analysis 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.
The global Particle Size Analysis Marketis expected to reach USD 524.3 Million by 2027 from USD 314.3 Million in 2017, at a CAGR of 5.2%.
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Market Drivers: –
1.Increasing Research Activities in the Field of Nanotechnology
2.Technological Advancements in Particle Size Analyzers
3.Increasing Investments in Pharmaceutical R&D
4.Development of Technologically Advanced Instruments Requiring Low Sample Volumes and Preparation Time
5.Stringent Regulatory Guidelines for Product Quality across Industries
6.Funding Activities Increasing the Purchasing Power of Research Institutions
Based on the type of industry, the global particle size analysis market is classified into five major segments—healthcare; chemicals and petroleum; mining, minerals, and cement; food and beverage; and other industries. The last segment comprises industries related to inks, toners, paint, coatings, cosmetics, and environmental analysis. The healthcare industry segment is expected to account for the largest share of the particle size analysis market in 2017 due to its dominance can be attributed to the increasing applications of nanotechnology in medical science, the rapid growth of pharmaceuticals in the healthcare industry.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the global particle size analysis market during the forecast period (2017-2022). The large share of this region can be attributed to the increasing government support for nanotechnology research and strict regulatory guidelines on product quality. In addition, increasing efforts by market players to expand their business in the US is one of the key factors propelling the growth of particle size analysis in North America.
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The major players operating in the particle size analysis market include Malvern Instruements Limited (UK), HORIBA, Ltd. (Japan), and Beckman Coulter, Inc. (US).