Number of pages: 100 | Report Format: PDF | Published date: February 03, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
According to the deep-dive market assessment study by Growth Plus Reports, the global nanoparticle measurement instruments market was valued at US$ 8.80 billion in 2021 and is expected to register a revenue CAGR of 6.5% to reach US$ 15.51 billion by 2030.
Nanoparticle Measurement Instruments Market Fundamentals
A matter particle with a dimension between one and one hundred nanometers (1-100 nm) is referred to as a nanoparticle or ultrafine particle. The nanoparticles are invisible to human eyes due to their ultrafine size and demonstrate different chemical and physical properties to their larger material counterparts. The features and, thus, the function of nanoparticles depend greatly on their size. Understanding the characteristics of different particle sizes, how they interact with other substances, and how they might be used in various applications requires knowledge of the size of nanoparticles. Nanotechnology applications in the sectors mentioned above would not have been possible without the ability to measure nanoparticles. A number of measuring techniques involve the nanoparticle’s physical dimension and even its hydrodynamic size.
The global market for nanotechnology measurement instruments is steadily growing due to increasing demand for precise and accurate measurements at a molecular level. New technologies such as laser diffraction are becoming more widely used, enabling researchers to analyze particles from a single nanometer size up to several microns in diameter. Additionally, the usage of 3D imaging has become popular for detailed analysis of particle structures. As technology advances, the global market for nanoparticle measurement instruments is expected to continue its growth trajectory.
Nanoparticle Measurement Instruments Market Dynamics
The global nanoparticle measurement instruments market is expected to register revenue growth at a significant pace during the forecast period owing to the increasing utilization of nanotechnology in various healthcare services. The usage of nanoparticles enhances medical imaging, creates novel medicinal procedures, and cleans up environmental toxins. The size of nanoparticles is critical to their function in practically all cases of their application. As a result, proper measuring techniques and regulatory systems to maintain nanoparticle size consistency are critical to their effectiveness, thus, raising the demand for such instrumentation and thereby boosting the overall nanoparticle measurement instruments market revenue growth.
Nanoparticle research is one of the trending segments in the life sciences industry due to its extensive uses in healthcare, biology, electronics, and other fields. Rising government investment/funding in medicines and biotechnology research and development and a greater emphasis on nanotechnology research are expected to rise at a considerable pace in the next few years, propelling revenue growth in the global market.
Rapid growth in awareness of nanotechnology and the introduction of new technologies are projected to have several positive effects in terms of adoption in different applications. Furthermore, rising uses of nanotechnology in medication development and strict criteria for generating superior medical goods are among the key variables that are predicted to expand significantly during the forecasted time.
However, some of the major limitations to the growth of the global nanoparticle measurement instruments market include the large capital investment and high cost of nanoparticle analysis instruments.
Nanoparticle Measurement Instruments Market Ecosystem
The global nanoparticle measurement instruments market has been analyzed from three perspectives: technique, end-user, and region.
Nanoparticle Measurement Instruments Market by Technique
Based on the technique, the global nanoparticles measurement instruments market has been segmented into atomic force microscopy, X-ray diffraction, scanning electron microscopy, photon correlation spectroscopy, nanoparticle surface area monitor, transmission electron microscopy, condensation particle counter, differential mobility analyzer, scanning mobility particle sizer, nanoparticle tracking analysis, aerosol particle mass analyzer, and others.
The X-ray diffraction segment dominated the market with the highest revenue CAGR in 2021. X-ray diffraction is a non-destructive and versatile method and is able to extract detailed information on the micro and crystallographic structure, as well as the chemical makeup, of all synthetic and natural materials. It plays a significant role in the research tool for evaluating nanoparticles/nanostructures. It has intrigued researchers more than other microscopic methods since it offers correct information on atom orientation in space. These factors boost the demand and utilization of X-ray diffraction techniques, thus contributing to the market revenue growth.
Nanoparticle Measurement Instruments Market by End-User
In terms of the end-user, the global nanoparticle measurement instruments market is segmented into hospitals and clinics, research institutes and academics, pharmaceutical companies, diagnostic centers, and others.
The pharmaceutical companies segment accounts for the largest market revenue share. Nanoparticle measurement instruments have the ability to measure the concentration of active ingredients in drugs and can be used for measuring stability, efficacy, bioavailability, and other parameters of interest. Nanoparticle technologies can be applied in various areas, from drug development to clinical trials. The focused point/interest of the pharmaceutical industry in nanoparticles is in a variety of formulations, such as tailored drug delivery systems that target disease cells while sparing healthy cells. The size distribution is linked to safety and efficacy (especially for pharmaceutical products). The management of nanoparticle size is critical to nanoparticle product development and manufacturing process. This particle behavior at the nanoscale is largely dependent on these analyzing features (mainly on the size), thus, boosting the utilization of analyzing instruments for the nanoparticles, thereby propelling the market development.
Nanoparticle Measurement Instruments Market by Region
The global nanoparticle measurement instruments market has been segmented based on regions into North America, Europe, Asia Pacific, and the Rest of the World.
North America leads the nanoparticle measurement instruments market owing to the increased focus on nanotechnology and its applications in this region. Rapid growth in research in nanoparticles and consistent rise in novel product launches using nanoparticles further contribute to the revenue growth of the market in North America. Furthermore, high collaboration, investments, and/or funding and government support for the research activities further encourage the revenue growth of the nanoparticle measurement instruments market in North America.
The demand for nanoparticle measurement instruments is anticipated to grow exponentially in Asia Pacific during the forecast period. Rapidly growing contract research organizations’ business in the region is majorly supporting the Asia Pacific nanoparticle measurement devices market. Other drivers of the Asia Pacific market include favorable government regulations paving the way for research and development initiatives and the consequent penetration of several major market players in the region. A consistent growth in research and training centers is observed in countries such as China and India.
Nanoparticle Measurement Instruments Market Competitive Landscape
The prominent players operating in the global nanoparticle measurement instruments market are:
Consistent product launches and developments are the key developments observed in the competitive landscape. Understanding the untapped opportunities, the major market players are also intensely engaged in strategies, such as partnerships, collaborations, agreements, and regional expansions, thus enabling players to create a competitive edge.
Bruker Corporation, Microtrac Retsch GmbH, Angstrom Advanced Inc., IZON Science Ltd, and Malvern Panalytical Ltd are among the top players in the global market.
The pharmaceutical companies segment accounts for the largest revenue share of the global nanoparticle measurement instruments market.
North America dominates the global nanoparticle measurement instruments market with the largest revenue share.
The market is estimated to register revenue growth at a CAGR of 6.5% during the forecast period.
The global nanoparticle measurement instruments market was valued at US$ 8,801 million in 2021.
*Insights on financial performance are subject to the availability of information in the public domain