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US Analytical Instrument Market to Grow by USD 4.7 Million (2024-2028) as Demand for Generic Drugs Increases, with AI Driving Market Transformation- Technavio

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Analytical Instrument Market in US size is estimated to grow by USD 4.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 2.07%  during the forecast period. Rise in demand for generic drugs is driving market growth, with a trend towards rise in usage of electrical and electronic components in automobile industry. However, challenges related to equipment design  poses a challenge – Key market players include ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Emerson Electric Co., Eppendorf SE, F. Hoffmann La Roche Ltd., Fortive Corp., General Electric Co., Honeywell International Inc., Mettler Toledo International Inc., Mitsubishi Electric Corp., Perkin Elmer Inc., Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Waters Corp., and Yokogawa Electric Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Analytical Instrument Market In US Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.07%

Market growth 2024-2028

USD 4.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.07

Regional analysis

US

Performing market contribution

North America at 100%

Key countries

US

Key companies profiled

ABB Ltd., Agilent Technologies Inc., AMETEK Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Emerson Electric Co., Eppendorf SE, F. Hoffmann La Roche Ltd., Fortive Corp., General Electric Co., Honeywell International Inc., Mettler Toledo International Inc., Mitsubishi Electric Corp., Perkin Elmer Inc., Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Waters Corp., and Yokogawa Electric Corp.

Market Driver

The automotive industry in the US is experiencing a resurgence following the global recession, with sales volumes of passenger cars and commercial vehicles returning to pre-crisis levels. This economic improvement, coupled with rising consumer confidence, has led to an increased demand for new, fuel-efficient, and technologically advanced cars. Two communication technologies, MOST150 and Broad R-Reach Ethernet, are being increasingly adopted in vehicles for wired and wireless connections. Additionally, entertainment systems in cars utilize Wi-Fi and Bluetooth for wireless connectivity. In the US, embedded cellular technology plays a significant role in eCall, automatically alerting emergency centers in case of accidents. Advanced features, such as GPS systems and Wi-Fi hotspots, are also being integrated into cars. The implementation of these communication and technological advancements is anticipated to generate demand for electrical measurement equipment in the US automobile sector, contributing to the growth of the market during the forecast period. 

The Analytical Instrument Market in the US is experiencing significant growth due to increasing trends in various sectors. NMR spectrometers are in high demand for genomics research, identifying genetic mutations, and diagnostics. Next-generation sequencing and molecular imaging are transforming pharmaceuticals and drug monitoring in diagnostic centers. Toxicology and biomarkers detection are crucial in various industries, including food-processing, oil and gas, electric vehicles, and energy systems. Separation and quantification techniques are essential for chemical components in natural and artificial materials. Calorimeters and melting point analysis tools are used in pharmaceuticals and material sciences. X-Ray diffractometers and friability testers are vital for quality control in industries like food testing and pharmaceuticals. Emerging trends include electron microscopy at the atomic scale, pharmaceutical biosimilars, phytopharmaceuticals, regenerative medicines, pollution control, and environmental testing. Shale gas production relies on gas chromatography for food safety testing and quantitative screening. The life sciences and material sciences sectors continue to drive market growth, with applications in cleaner energy, electronics, and advanced research. 

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 Market Challenges

The Analytical Instrument Market in the US is experiencing significant growth due to the increasing demand for efficient RF testing equipment. Rapid advancements in radio frequencies and circuits have made RF testing an essential element in the development and manufacturing of wireless and RF systems. However, designing test equipment that can keep up with these advances is challenging due to the need for higher specifications and compatibility issues. The aerospace and defense industry, in particular, requires highly efficient electronic testing solutions that can function accurately in extreme conditions. Modular instrumentations like CPCI, PXI, VXI, and LXI are specifically designed to address the application-specific requirements of this industry. However, the lengthy purchasing and export/import procedures in this sector can affect the delivery, execution, and performance of testing solutions. For instance, the diverse environmental conditions in Indian defense establishments pose a serious problem for modular instrument providers, requiring them to develop solutions that are compatible with all applications. Despite these challenges, the market for analytical instruments in the US is expected to grow steadily due to the increasing demand for reliable and high-performance testing equipment.The Analytical Instrument Market in the US is experiencing significant growth due to increasing demand for advanced diagnostic tests and research in various sectors. Key technologies driving this market include microscopy instruments, flow cytometry, real-time PCR, sequencing technology, and various forms of spectroscopy. Applications span from cancer research and infectious diseases to chronic diseases, therapeutic proteins, and biotechnology. Challenges include regulatory guidelines, instrument validation, calibration, and quality control. Industries like pharmaceuticals, biotherapeutics, and clinical testing require skilled professionals and automated systems, such as PCR machines, spectrometers, chromatographs, mass spectrometers, pH meters, particle size analyzers, and Raman spectroscopy, for drug discovery, drug responses, genomics, proteomics, metabolomics, and molecular analyses. Miniaturization and robotics are also crucial trends.

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Segment Overview 

This analytical instrument market in US report extensively covers market segmentation by  

Product 1.1 Process control instruments1.2 Laboratory analytical instruments1.3 Electrical measurement equipment1.4 OthersEnd-user 2.1 Pharmaceutical and biotechnology companies2.2 Food and beverage companies2.3 Environmental testing organizations2.4 OthersGeography 3.1 North America

1.1 Process control instruments-  The Analytical Instruments market in the US is experiencing steady growth. Key players include Thermo Fisher Scientific, Agilent Technologies, and Shimadzu. These companies offer a range of instruments for various industries such as pharmaceuticals, food and beverage, and academia. Growth is driven by increasing demand for accurate and efficient analysis of samples. Market size was valued at USD21.5 billion in 2020 and is projected to reach USD30.5 billion by 2026, growing at a CAGR of 6.5% during the forecast period.

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Research Analysis

The Analytical Instrument Market in the US is a significant and dynamic industry, focused on providing advanced tools and technologies for various sectors, including laboratory tools, chemical substances, clinical diagnostics, life sciences research, and more. These instruments play a crucial role in the analysis of chemical components, natural materials, and artificial materials, among others, through techniques such as spectroscopy, chromatography, Polymerase Chain Reaction (PCR), microarray, sequencing technologies, and more. Applications span across various industries, including biotechnology, personalized medicine, genomics, proteomics, metabolomics, molecular analyses, drug discovery, and separation. Technologies like calorimeters, melting point analysis, spectrophotometers, X-Ray diffractometers, friability testers, and food-processing instruments contribute to the market’s diversity. The market continues to evolve, driven by advancements in technology and the increasing demand for accurate and efficient analytical solutions.

Market Research Overview

The Analytical Instrument Market in the US is a significant and dynamic industry that caters to various sectors, including laboratory tools, chemical substances, clinical diagnostics, life sciences research, and the biotechnology industry. This market encompasses a range of analytical instrumentation, including spectroscopy, chromatography, polymerase chain reaction (PCR), microarray, sequencing technologies, and microscopy instruments. These tools play a crucial role in drug development, precision medicine, molecular diagnostics, and biotherapeutics. They facilitate molecular analyses of genetic information, drug responses, genomics, proteomics, metabolomics, and biomarkers detection. Regulatory guidelines, such as Good Laboratory Practices (GLPs) and Good Manufacturing Practices (GMPs), ensure instrument validation, calibration, quality control, raw material analysis, in-process monitoring, and final product testing. Spectrometers, chromatographs, mass spectrometers, pH meters, particle size analyzers, and various other instruments are used in this industry, requiring skilled professionals to operate and maintain them. Applications include cancer research, infectious diseases, chronic diseases, therapeutic proteins, and toxicology testing. The market continues to evolve with advancements in automation, robotics, miniaturization, and emerging technologies like Raman spectroscopy, NMR spectrometers, next-generation sequencing, and molecular imaging.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductProcess Control InstrumentsLaboratory Analytical InstrumentsElectrical Measurement EquipmentOthersEnd-userPharmaceutical And Biotechnology CompaniesFood And Beverage CompaniesEnvironmental Testing OrganizationsOthersGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Gloo and Faith Assistant Partner to Build Custom AI for Churches and Ministries

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Gloo expands AI offerings to churches and ministries with custom models and community engagement capabilities

BOULDER, Colo., Jan. 15, 2025 /PRNewswire/ — Gloo, the technology platform for the faith ecosystem, announced the acquisition of Faith Assistant (previously Bible Chat). The artificial intelligence-based chatbot helps ministries engage their people through conversational AI, trained on the ministry’s own content. The company serves a variety of organizations — from churches and parachurches to publishers, seminaries and home school organizations. 

“We’ve admired Faith Assistant’s vision and innovation since their impressive work during the first Gloo AI Hackathon,” said Steele Billings, chief AI officer at Gloo. “Faith Assistant puts ministries in control of their content — they decide what the model is trained on and where it’s deployed. This aligns perfectly with our mission to provide trusted AI tools for redemptive purposes, and we’re excited to be a part of scaling it to the next level.”

“The faith ecosystem is diverse — it includes pastors, professors, administrators, missionaries and organizations looking to serve others. We’re seeing our AI help these ministries engage people on a deeper level, 24/7,” said Chase Cappo, co-founder of Faith Assistant. “Now, with Gloo, we can help more ministries implement unique AI strategies to accomplish their missions.”

Faith Assistant creates custom AI models and chatbots, or AI assistants, for organizations like Luis Palau Association, Concordia Church, The Christian Post and Texas-based radio station, KCBI. The customized model answers questions, recommends resources and even connects users with staff or volunteers who are ready to respond. 

“Our journey has always been about using technology to support the Church’s mission,” said Andrew Rogers, co-founder of Faith Assistant. “Partnering with Gloo means we can expand that vision while staying true to our core values. Their commitment to empowering ministry leaders aligns perfectly with our goals.”

“The platform lets us provide 24/7 answers, encouragement and support, which means we can serve our audience whenever they need us,” said Emily Haring Thevarajoo, Digital Content Director at KCBI Radio, about Faith Assistant. “It’s also helped us think differently about how we engage listeners and even how we approach donors. With its analytics, we’re able to better understand everything from the kinds of questions being asked to the challenges our community is walking through.”

Cappo and Rogers will continue to contribute to the growth of Faith Assistant while integrating it into Gloo, with Cappo assuming the role of director of the Gloo AI Enterprise Division.

As part of the expansion, Faith Assistant will launch a free version for churches built on the Gloo Kingdom-Aligned Large Language Model (KALLM). The free subscription will allow church leaders to create their own AI assistant, trained on their sermons and content. Church leaders can access advanced Faith Assistant features as part of the Gloo+ membership. Enterprise options are available for larger ministries and publishers looking for fully custom AI models that transform content into interactive, two-way conversations. This tiered approach will make the AI assistant available and affordable for ministries of all sizes.

Churches and ministries can learn more at faithassistant.com.

Gloo is the technology platform connecting the Christian faith ecosystem. Gloo connects ministry leaders to resources, people, insights and funding so their people and communities flourish and their organizations thrive. Gloo enables trusted exchange between organizations and people, so they can collaborate with greater confidence. Gloo serves over 90,000 churches and over 1,000 resource partners. Gloo is based in Boulder, Colorado.

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VOCODIA HOLDINGS INC. AND TRACCOM INC. HAVE SIGNED AN MOU TO FORM A JOINT VENTURE THAT WILL REVOLUTIONIZE EVENT MONITORING WITH NARRATIVE AI

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Real Time Voice-Enabled Alerts and Conversations to Redefine Crisis Response, Process Management, and Decision Making

BOCA RATON, Fla., Jan. 15, 2025 /PRNewswire/ — Traccom Inc. (OTCMKTS: TRCC), through its wholly owned subsidiary and operating entity Vulcain Inc., and Vocodia Holdings Inc. (OTCMKTS: VHAI) have signed a Memorandum of Understanding towards forming a joint venture to introduce “Narrative AI.” This cutting-edge solution integrates causal analysis with advanced voice AI technology. The partnership has been formed to set a new standard in real time event monitoring, Response Management©, and decision-making across industries.

Transforming Event Monitoring with Narrative AI
Narrative AI represents the next frontier in proactive alert systems. Unlike traditional text-based notifications that often lack urgency and interactivity, this innovative platform uses Vulcain’s Causal AI solution to monitor real time critical events. When Causal AI reasoning predicts an event breach, the system triggers an immediate actionable and appropriate response management process to the relevant response parties.

This capability ensures swift communication and active problem-solving. Narrative AI utilizes an intelligent dialogue regarding the impending event and recommends potential actions to mitigate its impact. Narrative AI applications provide unparalleled precision and speed. Current Response Management AI use cases include emergency management, logistics, healthcare, and financial risk monitoring.

“Text Alerts Aren’t Enough”
Brian Podolak, CEO of Vocodia, emphasized the critical need for Response Management innovation.
“In high-stakes situations, text alert systems fall short. Narrative AI goes beyond simple notifications, enabling real time, Response Management that ensures clarity, prompt action, and better outcomes. This is the future of event response.”

Greg Duffell, CEO of Vulcain, added:
“Our mission at Vulcain has always been to empower organizations with actionable insights through causal intelligence. Partnering with Vocodia allows us to take this vision further, by combining our expertise with their state-of-the-art Response Management AI. Narrative AI doesn’t just inform—it engages in intelligent conversation, ensuring that the right people take the right actions at the right time.”

Robust Pipeline
Both companies shared their optimism on the revenue potential of this joint venture. A preliminary pipeline of opportunities is already established across multiple industries. The partnership plans to scale rapidly and is targeting aggressive revenue growth for 2025, with Narrative AI as a key driver of profitability.

Key Features of Narrative AI:

Causal Event Monitoring: Advanced AI algorithms track and analyze complex event patterns in real time.Response Management©: Dynamic mechanisms including natural-sounding voice AI engages stakeholders, ensuring clear understanding and rapid, pre-emptive action that identifies, reduces, and eliminates threat levels.Cross-Industry Applications: Suitable for emergency response, logistics, healthcare, financial services, and more.Scalable Integration: Seamlessly integrates into existing workflows, enabling immediate deployment and impact.

Pioneering the Future of Crisis Response
This venture builds on Vocodia’s expertise in Response Management AI and Vulcain ‘s Causal AI Platform. Together, the companies aim to redefine how organizations monitor and respond to critical events, with solutions that are intelligent and intuitive.

About Vocodia Holdings Corp.

Vocodia is an AI software company that develops practical AI solutions, making them easily accessible for businesses through cloud-based platforms. These solutions are cost-effective and scalable to enterprise levels. Vocodia specializes in conversational AI, providing scalable enterprise-level AI sales and customer service solutions. Their Digital Intelligent Sales Agents (DISAs) are designed to sound and feel human, performing tasks that require human-like conversation, thereby reducing labor costs and enhancing communication effectiveness. For more information, please visit: http://www.vocodia.com.

About Traccom, Inc.

Vulcain is at the intersection of human and artificial intelligence, leading the charge to AI 3.0 with high value feature solutions for business. Vulcain’s Causal AI platform is used for harmonizing, testing, and validating data for extracting and commercializing knowledge. The Vulcain platform combines hundreds of millions of AI ready data sets with human domain knowledge. It can provide a ready to use solution that can be customized, scaled and adapted for customer use-cases and human intervention.  With a commitment to human-AI, excellence, sustainability, and customer-centric solutions, the company believes that it is poised for long-term growth and success in the global AI marketplace.

For more information about the company and its wholly owned subsidiary Vulcain, Inc., email shareholders@vulcain.ai or visit www.vulcain.ai 

Forward-Looking Statements This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements contained in this announcement are made as of this date and undertake no duty to update such information except as required under applicable law.

Contact Details: (561) 484-5234

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SOURCE VOCODIA HOLDINGS INC.

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Casio Privia PX-S Series Named ‘Home Digital Keyboard of the Year’ for the Fourth Consecutive Year

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Casio’s Flagship PX-S7000 Earns Top Industry Recognition from MMR’s Prestigious Dealers’ Choice Awards

DOVER, N.J., Jan. 15, 2025 /PRNewswire-PRWeb/ — Casio’s Privia PX-S Series has once again been crowned “Home Digital Keyboard of the Year” by Musical Merchandise Review’s (MMR) esteemed Dealers’ Choice Awards. This marks the fourth consecutive year and the ninth win since 2015—solidifying Casio’s leadership in the digital piano market.

“This repeated acknowledgment reflects not only the strength of our instruments but also the unwavering trust music retailers and customers place in Casio,” said Stephen Schmidt, vice president of Casio’s Electronic Musical Instruments Division.

As an award determined solely by U.S. music retailers, this recognition underscores the PX-S Series’ exceptional design, performance, and reliability—qualities that resonate deeply with musicians and dealers nationwide.

“We are honored to see Privia recognized for the fourth straight year,” said Stephen Schmidt, vice president of Casio’s Electronic Musical Instruments Division. “This repeated acknowledgment reflects not only the strength of our instruments but also the unwavering trust music retailers and customers place in Casio. The PX-S7000, in particular, redefines elegance and excellence in the digital piano space.”

Since its inception, the Casio Privia line has earned global acclaim for delivering premium sound, authentic touch, and timeless style while remaining accessible and practical. The standout model of the series, the PX-S7000, pushes boundaries further with its unmatched sound quality, sophisticated mid-century modern design, and professional-grade performance.

Christian Wissmuller, executive editor of MMR, shared, “The PX-S7000 is a stunningly successful pairing of impressive, professional-level sound and playability with powerfully appealing aesthetics. Casio’s designers devoted just as much thought and energy into creating an instrument that would enhance the visual appeal of a domestic living space as they did on engineering specs that have yielded a wonderful-sounding musical instrument. The numbers don’t lie: for four years in a row, now, the PX-S Series consoles have been irresistibly compelling options for end-users, consistently generating profit – and satisfied, repeat customers – for MI retailers.

About the Awards

For 32 years, MMR’s Dealers’ Choice Awards have celebrated the best-in-class products shaping the musical instrument industry. Voted on by retailers, these awards highlight instruments that drive innovation, delight customers, and fuel business success.

The Casio Privia PX-S Series is available nationwide at select music dealers. For more information on Casio’s full lineup of electronic musical instruments, visit Casio.com.

About Casio America, Inc.

Casio America, Inc., Dover, N.J., is the U.S. subsidiary of Casio Computer Co., Ltd., Tokyo, Japan, one of the world’s leading manufacturers of consumer electronics and business equipment solutions. Established in 1957, Casio America, Inc. markets calculators, keyboards, digital cameras, mobile presentation devices, disc title and label printers, watches, cash registers and other consumer electronic products. Casio has strived to fulfill its corporate creed of “creativity and contribution” through the introduction of innovative and imaginative products. For more information, visit www.casio.com.

Media Contact
Peter Giles, Giles Communications, 1 (914) 644-3500 700, pgiles@giles.com, www.giles.com

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