[323 Pages Report] The electronic tongue market is anticipated to record a CAGR of 4.5% during the forecast period (2022-2032).
The electronic tongue market is likely to garner a revenue of about US$ 674.43 million by 2032, up from US$ 434.28 million in 2022.
| Attributes | Details |
|---|---|
| Electronic Tongue Market CAGR | 4.5% |
| Electronic Tongue Market Size (2022) | 434.28 Million |
| Electronic Tongue Market Share (2032) | 674.43 Million |
Sales of electronic tongue are expected to rise due to growing application in various industries areas such as the pharmaceutical industry, food and beverage industry, and the healthcare industry.
In addition to this, demand for electronic tongue is on the surge on account of adoption of electronic tongue in the medical diagnostic sector and started providing non-invasive disease diagnostics.
Increasing affordability and efficiency are also projected to contribute to the growth of the electronic tongue market share.
The report sheds light on the factors improving the sales of electronic tongue, and, in turn, the opportunities for the market players.
However, the electronic tongue market also faces some challenges, which might limit the electronic tongue market share from reaching its potential.
Some of the key electronic tongue market trends promoting the demand for electronic tongue include rapid technological advancement and government support.
As technology advances in the medical business, the electronic tongue market growth is likely to rise at a significant rate.
The electronic tongue market size is predicted to develop on account of the rising demand for improved and non-invasive diagnosis technologies.
The demand for electronic tongue is predicted to rise due to increased government financing for drug development and medical diagnosis producer advancement.
The electronic tongue market opportunities are likely to proliferate owing to the increasing development of novel devices and sensors for assessing the taste of dissolved organic and inorganic chemicals.
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The sales of electronic tongue are expected to account for a significant growth rate as technological advancement in the medical industry.
Growing research and development for new drugs manufacturing expected propel the growth of the demand for electronic tongue over the forecast period.
Increasing adoption of advanced technologies and devices in pharmaceutical manufacturing units expected to surge the sales of electronic tongue.
The demand for electronic tongue is likely to spike at a tremendous rate in pharmaceutical industry as it enables pharmaceutical scientist to perform experiments without human safety consideration.
Increasing government funding for drug development and medical diagnosis producers' advancement expected to boost up the electronic tongue market growth.
Growing development of new devices and sensors for tastes assessment of dissolved organic and inorganic compounds favors the rising demand for electronic tongue.
Efforts to reduce costs across various segments of the value chain in order to sell market products at competitive prices is expected to augur well for the electronic tongue market future trends.
Furthermore, long-term success depends on continued innovation and customer-focused strategies, and expanding manufacturing.
Electronic tongue simplified the sensory test procedure for drug bitterness measurement and these characteristics have proven to be a great asset in the surging demand for electronic tongue.
In terms of geography, the electronic tongue market has been divided into seven regions including Western Europe, North- America, Latin America, Eastern Europe, Japan, Middle-East & Africa, and Asia- Pacific excluding & Japan (APEJ).
The demand for electronic tongue in tandem with the sales of electronic tongue are growing consistently on a global level.
North America is expected to hold a sizeable electronic tongue market share in owing to an increasing number of drug development and API formulation testing.
Western European expected to contribute the second largest market for sales of electronic tongue followed by North America in electronic tongue market.
Demand for electronic tongue in western Europe expected to is forecasted to gain momentum on account of increasing demand for advanced medical diagnostic devices.
The Asia Pacific’s demand for electronic tongue is expected to grow with the highest rate over the forecast period due to increasing healthcare expenditure and growing investments in pharmaceutical developments.
Principal Consultant
Some of the major participants in the global electronic tongue market are Higuchi Inc., Norlab, Alpha MOS, TheSmartTongue, AFB International, Blonder Tongue Laboratories, Inc. and others.
Manufactures are focusing on development of customized electronic tongue devices for medical and pharmaceutical industry which is improving the sales of electronic tongue.
Due to the rising demand for electronic tongue, leading corporations are closely following industry trends and battery manufacturer activities, forming partnerships, and participating in research programs and specialized alliances.
Companies are also looking to buy all or part of one or more existing electronic tongue manufacturing companies to cover gaps, provided the targets have the necessary competences and resources.
And that the targets can successfully integrate into the existing business to further cater to the rising global demand for electronic tongue.
The report consists of key players, contributing to the electronic tongue market share.
It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions.
This exclusive report analysis the competitive landscape and electronic tongue market share acquired by players to strengthen their market position.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2014 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Application, End Use, Region |
| Regional scope | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa. |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa. |
| Key companies profiled | Higuchi Inc.; Norlab; Alpha MOS; TheSmartTongue; AFB International; Blonder Tongue Laboratories, Inc. and others. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The electronic tongue market is likely to advance at 4.5% CAGR through 2032.
Key players holding substantial electronic tongue market share include Higuchi Inc., Norlab, Alpha MOS, TheSmartTongue, AFB International, Blonder Tongue Laboratories, Inc. and others.
Demand for electronic tongue is likely to rise on the back of increasing technological advancements.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Electronic Tongue Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application, 2022-2032 5.3.1. Medical Diagnosis 5.3.2. Drug Development 5.3.3. Scientific Research 5.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 5.5. Absolute $ Opportunity Analysis By Application, 2022-2032 6. Global Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End User, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End User, 2022-2032 6.3.1. Pharmaceutical Companies 6.3.2. Contract Research Organization 6.3.3. Hospitals 6.3.4. Diagnostic Laboratories 6.4. Y-o-Y Growth Trend Analysis By End User, 2017-2021 6.5. Absolute $ Opportunity Analysis By End User, 2022-2032 7. Global Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Application 8.2.3. By End User 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.3.3. By End User 8.4. Key Takeaways 9. Latin America Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Argentina 9.2.1.4. Chile 9.2.1.5. Peru 9.2.1.6. Rest of Latin America 9.2.2. By Application 9.2.3. By End User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.3.3. By End User 9.4. Key Takeaways 10. Europe Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. Italy 10.2.1.3. France 10.2.1.4. U.K. 10.2.1.5. Spain 10.2.1.6. Russia 10.2.1.7. BENELUX 10.2.1.8. Rest of Europe 10.2.2. By Application 10.2.3. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.3.3. By End User 10.4. Key Takeaways 11. Asia Pacific Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Rest of Asia Pacific 11.2.2. By Application 11.2.3. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.3.3. By End User 11.4. Key Takeaways 12. Middle East and Africa Electronic Tongue Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Turkey 12.2.1.4. Rest of Middle East and Africa 12.2.2. By Application 12.2.3. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Application 12.3.3. By End User 12.4. Key Takeaways 13. Key Countries Electronic Tongue Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Application 13.1.2.2. By End User 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Application 13.2.2.2. By End User 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Application 13.3.2.2. By End User 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Application 13.4.2.2. By End User 13.5. Argentina 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Application 13.5.2.2. By End User 13.6. Chile 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Application 13.6.2.2. By End User 13.7. Peru 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Application 13.7.2.2. By End User 13.8. Germany 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Application 13.8.2.2. By End User 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Application 13.9.2.2. By End User 13.10. France 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Application 13.10.2.2. By End User 13.11. U.K. 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Application 13.11.2.2. By End User 13.12. Spain 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Application 13.12.2.2. By End User 13.13. Russia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Application 13.13.2.2. By End User 13.14. BENELUX 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Application 13.14.2.2. By End User 13.15. China 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Application 13.15.2.2. By End User 13.16. Japan 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Application 13.16.2.2. By End User 13.17. South Korea 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Application 13.17.2.2. By End User 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Application 13.18.2.2. By End User 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Application 13.19.2.2. By End User 13.20. Turkey 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Application 13.20.2.2. By End User 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Application 14.3.3. By End User 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Higuchi Inc. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Norlab 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Alpha MOS 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. AFB International 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Blonder Tongue Laboratories 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Electronic Tongue Market
