The global discrete analyzers market is expected to enjoy a valuation of USD 1.5 Billion in the year 2023, and further expand at a CAGR of 5.2% to reach a valuation of ~USD 2.6 Billion by the year 2033. According to a recent study by Future Market Insights, discrete analyzer systems in the product segment are leading the market with a share of about 47.6% in the year 2022, within the global market.
Market Outlook:
Data Points | Market Insights |
---|---|
Market Value 2023 | USD 1.5 Billion |
Market Value 2033 | USD 2.6 Billion |
CAGR 2023 to 2033 | 5.2% |
Market Share of Top 5 Countries | 55.5% |
Key Market Players | Thermofisher Scientific Inc.; Seal Analytical; Skalar Analytical B.V.; Chinchilla Scientific; SYSTEA S.p.a; Astoria-Pacific; Inc.; Siemens Industry, Inc.; NECi Superior Enzymes; Abbott Laboratories; Roche Holding AG; KPM Analytics |
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To preserve dependable and safe water sources and to get rid of any potential health and environmental problems, it is crucial to constantly test and monitor water quality.
Environmental water quality monitoring attempts to deliver the information necessary for defending the environment against harmful biological impacts from chemical contamination brought on by anthropogenic point sources and diffuse emissions.
There is a need for more effective methods for demonstrating causal relationships between chemical and ecological assessments as well as ways of detecting pollutants specific to river basins.
The challenge for a successful amendment and implementation of the European Water Framework Directive is to propose more specific strategies given the dynamics of chemical invention, manufacture, consumption, use, disposal, and resultant emission into the aquatic environment.
Discrete analyzers are an important tool in environmental water analysis, which will drive the discrete analyzers market.
Measuring the amounts of nutrients in drinking water, wastewater, and soil samples is crucial for protecting aquatic habitats and maintaining the cleanliness and safety of drinking water sources.
Utility companies and environmental laboratories must routinely test elemental phosphorus and nitrogen in sewage water, in addition to several other pollution indications, to ensure discharge streams adhere to statutory limitations.
Waterborne infections continue to be the primary cause of morbidity and mortality in humans around the world. Pathogens, chemical pollutants, and waterborne diseases can all be avoided by the use of discrete analyzer technology.
Thus, owing to the forenamed factors, the global discrete analyzers market is expected to grow at a CAGR of 5.2 % during the forecast period from 2023 to 2033.
The demand for water filtration has risen dramatically due to industrialization, urbanization, and ongoing population development. These factors lead to the contamination of fresh water. There is also a major global water scarcity problem.
One of the main causes of consumer concern over water quality and demand for water filtration is the release of contaminated water containing harmful substances into the environment. In developing nations, strict water quality monitoring is necessary.
As a result, governments are putting pressure on device companies to develop instruments that perform tests on samples for water analysis. Corporations are thus investing in discrete analyzers.
Controlling the brewing quality while producing beer requires analysis of the malt, wort, and beer. Discrete analyzer technology ensures good product quality and throughput while performing multiparameter analysis for wine, malt, beer, and food and beverage utilities while lowering costs, waste, and hands-on sample time.
Consumers today are driven by a sense of exploration or by a fear of missing out. When it comes to food and beverages, they are always looking for new experiences. Food and beverage makers must maintain the quality of their products to retain consumer involvement.
Modern technology is being applied in the food and beverage industry by discrete analyzers. Food's distinctive qualities, such as colour, taste, and flavour, are all greatly influenced by a number of chemical factors, including pH, sulfite, sugars, organic acids, nitrogen compounds, phenols, titratable acidity, and volatile acids.
As a result, the malolactic process requires constant monitoring of these factors. To raise the calibre of food, discrete analyzers are employed. Using discrete analyzers can help remove some impurities while also testing for product quality and safety without compromising any of the product's crucial sensory qualities.
Discrete analyzers can be used in diverse applications such as fruit and vegetable juices (apple, carrot, etc.), cheeses, ice cream, butter, fermented milk, microfiltered milk, skimmed or low-lactose dairy products, non-alcoholic beers, wines, ciders, and many other food and beverage segments.
The increasing awareness regarding global climate change, along with the rapid urbanization witnessed in countries in various regions, is leading to increasing demand for a smoothly functioning water and wastewater infrastructure.
The introduction of legislation and regulations in the market by regulatory authorities of several regions regarding water and wastewater management and use is ensuring the growth of the industry and also creating a significant market opportunity for discrete analyzer manufacturers across the world.
This can be considered as an opportunistic factor for the manufacturers operating within the discrete analyzers market.
The most comprehensive technique for assessing the quality of water sample is discrete analysis. The employees must be skilled in order to use this strategy. Many research groups lack the qualified personnel needed to operate these testing devices. Using discrete analyzers requires a great deal of accuracy and precision.
Accordingly, it is anticipated that other challenges and a shortage of skilled personnel will hinder the use of these devices.
In contrast to continuous flow analyzers, discrete analyzers have a lot more moving components, making them mechanically more challenging. This method also occasionally necessitates using a lot of reagent for the analyzer.
Research laboratories need continuous, high-quality customer service for them to keep their high-quality service. These requirements are becoming increasingly questionable because of cost apprehensions.
Therefore, it is highly challenging for research laboratories to strike a balance between cost and quality objectives and requirements. The problem was assumed to be solved by laboratory automation, which has been widely adopted with varying degrees of automation in all contemporary laboratories.
The mentioned factors collectively propose an adverse effect on the developmental growth of the discrete analyzers market.
The USA accounted for around 89.6% market share in the North America discrete analyzers market in 2022, and a similar trend is expected over the forecast period.
The main reason for North America to lead the region section is due to the higher adoption of advanced technologies in healthcare facilities and a larger number of discrete analyzer manufacturers in the region.
Continuous research and development activities along with increasing demand for automated discrete analyzers in the region drive the growth of the discrete analyzers market. North America is expected to be the most lucrative region in the discrete analyzers market and this has boosted the availability of products in the USA discrete analyzer market.
Germany is set to exhibit a CAGR of nearly 5.2% in the European discrete analyzers market during the forecast period. In 2022, Germany held the highest market share of about 22.8% 2022 in the Europe discrete analyzer market.
Germany has the 3rd most lucrative medtech market in the world, following the United States and Japan.
According to the International Trade Administration (2022), the medical device market in Germany is one of the most profitable health and medical marketplaces in the world, accounting for around USD 35.8 billion annually or 25.6% of the whole European market. As a result, the discrete analyzer industry in Germany is quite lucrative.
India held approximately 41.3% market share in the South Asia and Pacific discrete analyzers market in 2022. It is projected to display growth at a lucrative CAGR of 5.6% during the forecast period.
Government involvement in environmental monitoring in response to growing health concerns combined with the commercialization of environmental testing services will fuel industry expansion. This situation has aided in the discrete analyzers market rise in India.
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The discrete analyzer systems segment in the product category of the discrete analyzers market is expected to present high growth at a CAGR of 5.5% by the end of the forecast period, with a projected market share of about 49.0 % in the global market in 2033.
Discrete analyzer technology offers great product quality, precise measurement, and productivity while lowering cost, waste, and hands-on sample time has a positive impact on the market for discrete analyzers. Discrete analyzers are used for measurement assessment for food and beverage, environment water, industrial water, and water utilities.
The bench-top discrete analyzers in the modality segment have become more and more popular, accounting for the greatest proportion of 77.4% in 2022. The bench-top analyzer fully automates sample testing and is perfect for laboratories that need many different tests performed quickly on a variety of samples. Particularly for analyzing environmental materials, such as water, soil, and plant extracts.
With 35.3% of the market share, environmental testing labs segment in the end user category dominated the discrete analyzer market in 2022. The government’s goal is to broaden the scope of pollution monitoring, not to replace or displace current laboratories.
Discrete analyzers can discover and quantify patterns while allowing for the monitoring of a wide range of locations using sensors of varying accuracy. The environmental authorities will of course need to conduct a thorough investigation into serious contamination incidents. The discrete analyzer technology can help with the early detection of such issues.
The discrete analyzer technique will contribute to expanding the reach of environmental laboratories.
To strengthen their presence around the globe and improve their business strategies, the key players are involved in various product launches, expansions, collaborations, and mergers and acquisitions. These are the top key promotional strategies adopted by the key players in the discrete analyzers market.
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the discrete analyzers space, which are available in the full report.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Billion for Value & Volume (Units) |
Key Regions Covered |
North America; Latin America; Europe; East Asia; South Asia and Pacific; and Middle East & Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, Nordic Countries, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Türkiye, North Africa, and South Africa |
Key Market Segments Covered | Product, Modality, End User, and Region |
Key Companies Profiled | Thermofisher Scientific Inc.; Seal Analytical; Skalar Analytical B.V.; Chinchilla Scientific; SYSTEA S.p.a; Astoria-Pacific, Inc.; Siemens Industry, Inc.; NECi Superior Enzymes; Abbott Laboratories; Roche Holding AG; KPM Analytics |
Pricing | Available upon Request |
The discrete analyzers market is worth USD 1.5 billion in 2023.
The discrete analyzers market is projected to thrive at a 5.2% CAGR through 2033.
The discrete analyzers market is predicted to surpass USD 2.6 billion by 2033.
The United States accounted for nearly 89.6% of the discrete analyzers market share in 2022.
The discrete analyzers market’s top 5 countries’ market share is nearly 55.5%.
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