Connect with us

Technology

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

Published

on

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. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 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.

Discover how AI is revolutionizing market trends- Get your access now!

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.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302275115.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Tata Elxsi Launches Coalesce: An Innovative XR Platform for Digital Twins and Remote 3D Collaboration powered by the Snapdragon Spaces XR Platform

Published

on

By

SAN DIEGO and BENGALURU, India, Oct. 16, 2024 /PRNewswire/ — Tata Elxsi, the leading global design and technology services company, announced the launch of Coalesce powered by the Snapdragon Spaces™ XR Platform (Snapdragon Spaces XR Developer Platform | Snapdragon Spaces [qualcomm.com]) from Qualcomm Technologies, Inc. Coalesce is an XR-based immersive collaboration solution that brings together spatial computing, digital twins and simulations. It facilitates reviews of product models and supports collaboration features for sharing text/audio comments, notes, and screen recordings with globally dispersed teams, including a 360-degree review for immersive interaction.

The Snapdragon Spaces XR platform is paving the way to a new frontier of spatial computing. The platform is empowering the creation of immersive experiences for XR devices that enable a multitude of enterprise use cases, for transformative spatial computing experiences.

Tata Elxsi’s Coalesce is a device-agnostic and web-based XR solution on the Snapdragon Spaces platform. This solution uses a wide range of built-in tools, enables effortless navigation through intuitive controls and gestures, and integrates advanced features for functional customisation. With cloud-integrated CMS and Gen AI integration, Coalesce delivers value to industries such as Automotive, Manufacturing, Rail, and High-Tech, blending domain expertise with digital innovation.

Unlike most XR platforms, Coalesce supports seamless, interactive design reviews with any VR device, using a custom UI. The platform is designed primarily for product design reviews like CAD but can also be used for training purposes across various sectors. For instance, Coalesce allows virtual walkthroughs of manufacturing processes for stakeholder collaboration and accelerates automotive design reviews, reducing the need for physical prototypes.

Aditya S Chikodi, Vice President & Head – Industrial Design, Engineering, & XR, said, “Product design and engineering are taking a leap forward with augmented virtual reality and spatial computing. Coalesce introduces a revolutionary approach to digital twins and performance simulation, pushing the boundaries of XR in the product development process.”

Per Neilson, Senior Director, Product Management at Qualcomm Technologies, Inc., added, “Tata Elxsi is working to bring the Coalesce platform to market, empowering industries and executive workforce to collaborate and make real-time decisions in product design and enterprise simulated environments. We are excited to see this platform brought to Snapdragon Spaces.”

To see Coalesce in action, get in touch.

About Tata Elxsi

Tata Elxsi is a fully integrated global design and technology consultancy, creating innovative products, services and experiences to build brands and help businesses grow. It has a multi-disciplinary team of over 13,000 design researchers, strategists, product, UX/UI designers, technologists, and engineers. Tata Elxsi helps clients globally to bring new ideas and award-winning products and services to market. For over 30 years, we have been helping brands differentiate and win.

Tata Elxsi leverages its comprehensive AR/VR capabilities across various sectors, including engineering design and modelling, worker safety, medical training, and virtual showrooms. The company’s expertise in application development, platforms and devices, and service integration ensures robust support for dispersed teams. With advanced development processes and technologies such as AI/ML, GenAI, XR, Metaverse, Tata Elxsi offers end-to-end solutions and platforms to improve user engagement and experience, driving innovation and efficiency in spatial computing. For more information, visit www.tataelxsi.com

Snapdragon branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon Spaces is a trademark or registered trademark of Qualcomm Incorporated.

Logo: https://mma.prnewswire.com/media/742257/4913784/Tata_Elxsi_Logo.jpg 

 

View original content:https://www.prnewswire.com/news-releases/tata-elxsi-launches-coalesce-an-innovative-xr-platform-for-digital-twins-and-remote-3d-collaboration-powered-by-the-snapdragon-spaces-xr-platform-302277597.html

SOURCE Tata Elxsi

Continue Reading

Technology

From India to the World: Global Startups Club’s International Expansion to Begin in Dubai & Abu Dhabi

Published

on

By

MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Global Startups Club, one of India’s largest and most active communities for early-stage founders, entrepreneurs, and investors, is expanding into international markets. With a strong commitment to supporting these startups, Global Startups Club has become a valuable resource, hosting offline networking meetups that connect founders, investors, and entrepreneurs. Building on its success in India, the club is now focusing on global markets, marking a new chapter in its mission to promote entrepreneurial growth. The club has created a network of over 12,000 startup founders, including more than 250 venture capitalists and investors, and thousands of budding entrepreneurs.

Global Startups Club’s international journey starts with major meetups in Dubai & Abu Dhabi, UAE, on 19th and 20th October, in partnership with Bon Conseil. These events will bring together promising startups and influential investors from the region, providing a valuable space for sharing ideas and fostering connections. Drawing on its experience in India, Global Startups Club aims to create an environment where entrepreneurs can learn from each other and explore opportunities for growth.

After launching in the UAE, the club plans to start community building in Canada in November, the United States in partnership with Maulik Mehta of MaShCube – Crossborder Tax Solutions, and the United Kingdom in March in partnership with Gisela Lyshetti of Market Forever Global – Digital Marketing Agency. These locations were chosen to engage with different startup ecosystems and support early-stage businesses looking to grow internationally. Each offline experience will be tailored to meet the needs of startups in these areas, focusing on bringing together investors, mentors, and entrepreneurs to help them succeed.

With an already well-established presence in more than 12 cities across India, Global Startups Club has built a strong community that supports startup founders through meetings and collaborative opportunities. These interactions help startups gain valuable insights and develop partnerships that lead to their success. Cities like Bengaluru, Hyderabad, and Mumbai have become hubs for the club’s vibrant activities, bringing together the brightest minds in the entrepreneurial ecosystem.

The club’s summit in Chennai, scheduled for December 7th, 2024, highlights its strong presence in India. The summit is expected to attract over 450 delegates, including startup founders, investors, and industry leaders from across the country. It will feature engaging panel discussions, keynote speeches, and interactive sessions, creating a platform for sharing ideas and driving growth. As Global Startups Club continues to support startups, this important summit will spark discussions about the future of entrepreneurship in India and worldwide.

As part of its growth plan, Global Startups Club aims to expand to over 15 cities in six countries within the next year. This expansion will focus on key startup hubs worldwide, enabling the club to connect early-stage founders with global investors, mentors, and business opportunities. By encouraging collaborations across borders, the club aims to help startups grow and succeed internationally.

Global Startups Club’s international expansion is a significant step in the journey as a key player in the startup ecosystem. With a strong reputation in India and a strategic move to enter global markets, the club is setting new standards for how startup communities can thrive and make a difference. By focusing on building connections, creating funding opportunities, and supporting talent across borders, the club is not only expanding its reach but also strengthening the global startup community overall.

As the club ventures into international markets, the gatherings in Dubai, UAE; Vancouver, Canada on November 16th; and Seattle, USA on November 30th will lay the foundation for a global network that supports the growth and success of startups everywhere.

About Global Startups Club:

Global Startups Club powered by Mojo Capital is not just an event. It’s an experience that fosters collaboration, innovation, and growth. As a startup networking ecosystem , we pride ourselves on creating dynamic platforms where entrepreneurs, investors, and industry experts converge to build meaningful connections.

Global Startups Club go beyond casual introductions. Our events feature curated networking sessions, ensuring meaningful connections that can fuel your startup journey. We believe in pushing boundaries! Our events incorporate innovative networking formats, from speed dating sessions to interactive workshops, providing diverse opportunities to connect.

For more details and to stay updated on upcoming opportunities, visit Global Startups Club: https://www.globalstartups.club/globalstartupsclub.

Photo: https://mma.prnewswire.com/media/2531989/Global_Startups_Club.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/from-india-to-the-world-global-startups-clubs-international-expansion-to-begin-in-dubai–abu-dhabi-302277599.html

Continue Reading

Technology

Sony Acquires KinaTrax, Inc. to Expand Its Sports Data Business into Player Performance

Published

on

By

– Marking a new expansion into the biomechanics and player performance space –

TOKYO and BASINGSTOKE, United Kingdom, Oct. 16, 2024 /PRNewswire/ — Sony Corporation (“Sony”) today announced that Sony welcomed KinaTrax, Inc. (“KinaTrax”), a leader in research-grade markerless motion capture technology for sports that collects in-game biomechanical performance data on athletes, into Sony’s sports businesses through a recent acquisition.

Joining forces with Hawk-Eye Innovations Limited (“Hawk-Eye”), a Sony group company that forms an integral part of Sony’s sports businesses, KinaTrax will bring its trusted biomechanical and analytical expertise, as well as its markerless motion capture technology to Sony’s portfolio and is expected to further create synergy to maximize the use of sports data for athletes, teams, leagues and fans alike.

Hawk-Eye, Beyond Sports and Pulselive form the core foundation of Sony’s sports businesses, with a shared commitment to deliver best-in-class officiating, broadcast and digital solutions to the sports world around sports data technologies. Welcoming KinaTrax bolsters Sony’s capability to serve important use cases for sports data, such as analysis and biomechanics for coaching, scouting and athletes’ performance.

Rufus Hack, CEO of Hawk-Eye, Pulselive and Beyond Sports stated: “By welcoming KinaTrax into the family, we are excited to further expand our offering, under our mission of unlocking the power and emotion of sport through data. We are incredibly privileged to partner with an overwhelming majority of the top global sports leagues, and this acquisition allows us to broaden our proposition through new biomechanical insights in the critical and growing field of player performance.”

Steven Cadavid, President of KinaTrax also said: “We’re excited to become part of Sony and its sports businesses, and to bring our know-how to complement the powerful tech Hawk-Eye, Pulselive, and Beyond Sports have developed and are delivering today. The future of sports is in deeper data tracking and the creation of smarter insights through innovative technology. With Sony, by enhancing KinaTrax’s expertise in capturing and delivering biomechanical performance data, we aim to contribute to provide sports leagues, teams and players with the best insights to improve performance and pursue success.”

KinaTrax, Inc.

KinaTrax provides professional and collegiate teams with game-changing insights focusing on teams’ most valuable asset: their athletes. The company delivers research-grade markerless motion capture technology that allows teams to collect in-game biomechanical performance data. The camera systems are currently deployed in over 75 stadiums and labs across MLB, MiLB, and NCAA organizations, and are expanding into other sports leagues.

The comprehensive sets of tools for data capture and analysis are operationalized for daily use by players, GMs, coaches, trainers, medical staff, and researchers, providing value that goes beyond traditional scouting, training, and rostering.

About Sony Corporation
Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to “create the future of entertainment through the power of technology together with creators,” we aim to continue to deliver Kando* to people around the world. For more information, visit: http://www.sony.net/

*Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time.

About Hawk-Eye Innovations Limited
Hawk-Eye has been at the forefront of sports officiating and broadcast enhancement technology since 2001. The world’s biggest sporting events trust Hawk-Eye to make the right call when it matters most.

Hawk-Eye’s vision-processing, video replay and creative graphic technologies make sport fairer, safer, more engaging and better informed. Hawk-Eye’s innovations are constantly changing the face of sports officiating, production, content management, and fan engagement in every sport.

Hawk-Eye forms a key part of Sony’s sports businesses with a shared mission to deliver best-in-class officiating, broadcast and digital solutions to the sports world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sony-acquires-kinatrax-inc-to-expand-its-sports-data-business-into-player-performance-302277286.html

SOURCE Sony Corporation

Continue Reading

Trending