PUBLISHER: IMARC | PRODUCT CODE: 1722518
PUBLISHER: IMARC | PRODUCT CODE: 1722518
The global analytical instrumentation market size reached USD 52.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 88.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.77% during 2025-2033. Advancements in pharmaceutical research, environmental monitoring, growing focus on food and beverage (F&B) safety, increasing biotechnology applications, rising government regulations, academic research investments, and technological innovations are some of the factors driving the market growth.
Analytical instrumentation refers to the study of identification, separation and quantification of chemical components of natural and artificial materials. It is conducted using total organic carbon analyzers, high-performance liquid chromatography (HPLC), calorimeters and melting point analysis equipment, spectrophotometers and X-Ray diffractometers and friability testers. It aids in the analysis of materials and the determination of their composition. Besides this, as it increases the accuracy of results by eliminating errors introduced due to personal biases, analytical instrumentation is used in chemical, pharmaceutical, food-processing, and oil and gas sectors across the globe.
At present, there is a rise in the utilization of analytical instruments in manufacturing electric vehicles, mobile phones, and energy systems to enhance storage potential and output and create a more efficient, cleaner, and safer energy source. This, along with the growing application of electron microscopy technologies to see structures at levels down to the atomic scale, represents one of the key factors driving the market. Moreover, the escalating demand for pharmaceutical biosimilars, phytopharmaceuticals, and regenerative medicines around the world, is propelling the growth of the market. In addition, governments of several countries are undertaking initiatives for pollution control and environmental testing, which, in turn, is offering lucrative growth opportunities to the end-users. Besides this, the rising employment of analytical instruments in shale gas production across the globe is positively influencing the market. Additionally, the increasing utilization of gas chromatography in food safety testing, quantitative screening of environmental samples, and complex molecular analysis is catalyzing the demand for analytical instrumentation worldwide. Furthermore, key market players are focusing on mergers and acquisitions (M&A), which is projected to increase their overall sales and profitability.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agilent Technologies Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Mettler Toledo, PerkinElmer Inc., Shimadzu Corporation, Spectris plc, Thermo Fisher Scientific Inc. and Waters Corporation.