Particle Size Analysis Market by Technology (Laser Diffraction, DLS, Imaging, Coulter Principle, Sieving, Nanoparticle Tracking), Dispersion (Wet, Dry, Spray), End User (Pharma-Biotech, Cosmeceutical, Chemicals, Food, Academia) & Region - Global Forecast to 2028
The global particle size analysis market in terms of revenue was estimated to be worth $446 million in 2023 and is poised to reach $596 million by 2028, growing at a CAGR of 6.0% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The particle size market is poised for The market's robust growth is primarily propelled by factors like the expansion of research in nanotechnology, augmented investments in pharmaceutical research and development, and the implementation of rigorous regulatory standards for product quality across diverse industries. Nevertheless, the imposition of substantial import duties on particle size analyzers in developing nations and constraints in the particle characterization range are anticipated to impede market growth in the forecast period.
Particle Size Analysis Market
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e- Estimated; p- Projected
Particle Size Analysis Market: Market Dynamics
Driver: The growth in research endeavors within the field of nanotechnology.
Due to its significant potential, the utilization of nanotechnology is rapidly expanding across various industries, including healthcare, food and beverage, and the chemical sector. Continuous research on nanomaterials and their importance in multiple industries is also fostering the development of nanotechnology applications. As particle size analyzers play a crucial role in nanoparticle analysis, the increasing research in nanotechnology, combined with the growing adoption of this technology, will propel market growth.
Restraint: The price of particle size analyzers is high
Particle size analysis instruments are becoming increasingly popular due to technological advances and new applications. However, their high cost is a major barrier to market growth. Customers must make significant investments to purchase and implement these instruments. For example, a dynamic light scattering particle size analyzer can cost between $30,000 and $60,000, depending on the accessories. Additionally, nanotechnology-based particle size analyzers require highly skilled technicians to operate, which adds to the overall cost.
Opportunity: Growing number of conferences and events.
Over the past decade, there has been a surge in the number of national and international nanotechnology events, trade shows, and conferences. For example, the 23rd IEEE International Conference on Nanotechnology (IEEE-NANO 2023) will be held from July 2-5, 2023 in Jeju Island, Korea, with a focus on the latest advances in nanotechnology and its applications. Many market players also organize and exhibit their products at these events, which helps to raise awareness of the latest nanoparticle analysis technologies. These seminars showcase the latest developments in nanoparticle characterization technologies, such as NTA, DLS, GPC, rheology, and RMM. These events also help to increase awareness of novel nanoparticle characterization techniques among research professionals.
Challenge: SMEs lack the infrastructure to distribute their products effectively.
In addition to large, established companies, there are many small and medium-sized businesses (SMEs) that offer specialized technologies. However, SMEs often have difficulty marketing and distributing their products due to limited budgets. This can hurt their sales and even threaten their survival. To overcome their inability to grow organically due to insufficient funds, many SMEs are focusing on expanding their geographic reach through inorganic growth strategies, such as mergers and acquisitions and partnerships.
Market Ecosystem/Map
By technology, the the nanoparticle tracking analysis segment of the particle size analysis industry is expected to grow at the highest rate during the forecast period.
Based on technology, the particle size analysis market can be categorized into various segments, including laser diffraction, dynamic light scattering, imaging, coulter principle, nanoparticle tracking analysis, and other related technologies. Anticipatedly, the Nanoparticle Tracking Analysis (NTA) sector is projected to exhibit the most significant growth within the particle size analysis technologies market during the forecast period spanning from 2023 to 2028. This segment is growing rapidly due to new and advanced applications of particle size analyzers, as well as increasing research in nanotechnology. Additionally, NTA is primarily used in biopharma and biotech applications, and this market segment is expected to grow during the forecast period due to increasing R&D activities in the biopharmaceutical industry.
By dispersion, the wet dispersion segment of the particle size analysis industry is expected to grow at the highest rate during the forecast period.
Based on dispersion, the particle size analysis market is segmented into dispersion- wet dispersion, dry dispersion, and spray dispersion. The wet dispersion segment of the particle size market by wet dispersion registers the highest growth rate during the forecast period 2023 to 2028. The wet dispersion market is growing due to the increasing use of nanoparticles and the launch of new wet particle size analyzers by several companies.
By end user, the healthcare industry segment of the particle size analysis industry is expected to grow at the highest rate during the forecast period.
Based on end users, the particle size analysis market is segmented into healthcare industry, cosmetics industry, chemical & petroleum industry, mining, minerals, and cement industry, food & beverage industry, and other industries. The healthcare industry segment of the particle size market by end user registers the highest growth rate during the forecast period 2023 to 2028. Growing pharmaceutical R&D spending in developing Asian countries, unmet patient needs for treatments for specific diseases (such as cancer), and government support for drug development are driving pharmaceutical research studies. This, along with the increasing number of biotechnology companies, continuous technological advancements by key players, company initiatives to raise awareness of new particle characterization solutions, and the growing number of conferences and events, is further propelling the demand for particle size analyzers in the biopharmaceutical and drug discovery industries.
By region, North America is expected to be the largest market in the particle size analysis industry in 2022.
North America, comprising the US and Canada, accounted for the largest market share of the particle size analysis market in 2022. The North American region is experiencing growth in the particle size analysis market due to factors Rising nanotechnology awareness, the presence of major nanotechnology companies in North America, government reforms and regulations to improve product quality, high industry standards, and the gradual shift of manufacturing and pharmaceutical R&D from developed markets to the United States are fueling the growth of the North American particle size analysis market.
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As of 2023 The vendors operating in the global particle size analysis market include Spectris (UK), HORIBA (Japan), Danaher (US), Anton Paar GmbH (Austria), Bettersize Instruments Ltd. (China), Brookhaven Instruments (US), Fritsch GmbH (Germany), LS Instruments (Switzerland), Metller Toledo (US), Micromeritics Instrument Corporation (US), Microtrac Retsch GmbH (Germany), Shimadzu Corporation (Japan), Sympatec GmbH (Germany), and TSI (US), and among others.
Scope of the Particle Size Analysis Industry
|
Report Metric |
Details |
|
Market Revenue in 2023 |
$446 million |
|
Projected Revenue by 2028 |
$596 million |
|
Revenue Rate |
Poised to Grow at a CAGR of 6.0% |
|
Market Driver |
The growth in research endeavors within the field of nanotechnology |
|
Market Opportunity |
Growing number of conferences and events |
This report has segmented the particle size analysis market to forecast revenue and analyze trends in each of the following submarkets:
By Technology
- Laser Diffraction
- Dynamic Light scattering
- Imaging
- Dynamic Imaging
- Static Imaging
- Nanoparticle Tracking Analysis (NTA)
- Coulter Principle
- Sieve Analysis
- Other Technologies
By Dispersion
- Wet Dispersion
- Dry Dispersion
- Spray Dispersion
By Type
- Bench-Top Analyzers
- Portable Analyzers
By End User
-
Healthcare Industry
- Pharmaceutical & Biotechnology Companies
- Public & Private Institutions
- Academic Institutions
- Cosmetic Industry
- Chemicals & Petroleum Industry
- Mining, Minerals and Cement Industry
- Food & Beverage Industry
- Other Industries
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
Recent Developments of Particle Size Analysis Industry
- In August 2023, Anton Paar GmbH introduced Litesizer DIA 500, the latest addition to the Particle Analysis & Surface Charge (PC) product line. This innovative instrument brings dynamic image analysis to your fingertips, allowing for precise measurement of particle size and shape within the range of 0.8 µm to 8,000 µm. With 1 µm equaling 0.001 millimeter.
- In May 2023, The Verder Group has acquired France's Formulaction S.A. and will integrate it into Microtrac MRB, a prominent manufacturer of Particle Characterization Systems within the group's Scientific Division.
- In March 2022, Aerolase is expanding its services beyond aesthetic treatments to help dermatologists with different focuses. They will now offer treatments for conditions like vitiligo, leukoderma, and atopic dermatitis. They're also working on getting FDA clearance for treating alopecia areata in 2023, using technology that has already been proven effective in Europe and other places. These additions will complement their existing treatments for acne, psoriasis, and rosacea.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global particle size analysis market?
The global particle size analysis market boasts a total revenue value of $596 million by 2028.
What is the estimated growth rate (CAGR) of the global particle size analysis market?
The global particle size analysis market has an estimated compound annual growth rate (CAGR) of 6.0% and a revenue size in the region of $446 million in 2023.
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The study involved four major activities in estimating the current size of the particle size analysis market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial particle size analysis market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the particle size analysis market. The primary sources from the demand side include medical OEMs, CDMOs, and service providers, managers, CXO and directors, and Executives. Primary research was conducted to validate the market segmentation, identify key players, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2022, Tier 1 = >USD 1,000 million, Tier 2 = USD 500–1,000 million, and Tier 3 = <USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Estimation Methodology
In this report, the size of the particle size analysis market’s size was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the market business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.
Segmental revenues were calculated based on the revenue mapping of major solution/service providers to calculate the global market value. This process involved the following steps:
- Generating a list of major global players operating in the particle size analysis market.
- Mapping annual revenues generated by major global players from the product segment (or nearest reported business unit/category)
- Revenue mapping of major players to cover a major share of the global market share as of 2022
- Extrapolating the global value of the particle size analysis market industry
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the particle size analysis market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the particle size analysis market was validated using top-down and bottom-up approaches.
Market Definition
Particle size analysis, particle size measurement, or particle characterization entails a complex procedure encompassing sample collection, dispersion, and the precise utilization of analytical tools and instruments. Its primary purpose is to assess the size distribution of particles within a given sample, with applicability to solid materials, suspensions, emulsions, and aerosols.
Particle size analysis plays a crucial role in material analysis and quality control, as the size of particles within a material significantly influences its stability, appearance, flow properties, and chemical reactivity. Consequently, particle size analyzers find extensive utilization in the development and production of a wide array of products in industries including pharmaceuticals, chemicals, food, cosmetics, petroleum, mining, and coatings.
Key Stakeholders
- Senior Management
- Academic institutions
- Cosmetic manufacturers
- Chemicals and petroleum manufacturers
- Mining, minerals, and cement manufacturers
- Food and beverage manufacturers
- Pharmaceutical/biopharmaceutical companies
- Research laboratories
- Clinical research organizations (CROS)
- Contract testing laboratories
- Academic universities and medical research center
- R&D Department
- Finance/Procurement Department
Objectives of the Study
- To define, describe, and forecast the size of the particle size analysis market based on technology, dispersion, type, end user, and region
- To provide detailed information regarding the major factors influencing the growth potential of the particle size analysis market (drivers, restraints, opportunities, challenges, and trends)
- To analyze the micro markets with respect to individual growth trends, prospects, and contributions to the particle size analysis market.
- To analyze key growth opportunities in the particle size analysis market for key stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, UK, Spain, Italy, and the RoE), Asia Pacific (Japan, China, India, Australia, South Korea, and the RoAPAC), Latin America (Brazil, Mexico, RoLA), and Middle East and Africa.
- To profile the key players in the particle size analysis market and comprehensively analyze their market shares and core competencies
- To track and analyze the competitive developments undertaken in the particle size analysis market, such as product launches, agreements, expansions, and mergers & acquisitions.
Available Customizations
With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the present particle size analysis market report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top five companies
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Geographic Analysis
- Further breakdown of the Rest of Europe particle size analysis market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal, among others
- Further breakdown of the Rest of Asia Pacific diagnostic imaging market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
Generating Response ...
Growth opportunities and latent adjacency in Particle Size Analysis Market