Chicago, Nov. 30, 2023 (GLOBE NEWSWIRE) -- 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 according to a latest report published by MarketsandMarkets™. Market growth is attributed to the Escalating investments in research and development within the pharmaceutical sector, driving market expansion.
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Particle Size Analysis Market Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | $446 million |
| Estimated Value by 2028 | $596 million |
| Growth Rate | Poised to grow at a CAGR of 6.0% |
| Market Size Available for | 2021–2028 |
| Forecast Period | 2023–2028 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Dispersion, Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunity | Growing number of conferences and events |
| Key Market Driver | The growth in research endeavors within the field of nanotechnology |
Based on the technology, the particle size analysis market is segmented into laser diffraction, dynamic light scattering, imaging, coulter principle, nanoparticle tracking analysis, sieve analysis, and other technologies. The nanoparticle tracking analysis (NTA) technology segment is expected to witness the highest growth rate during the forecast period 2023 to 2028. The advanced capabilities provided by NTA find primary application in the biopharmaceutical and biotechnology sectors. The growing research and development efforts within the biopharmaceutical industry underscores the expanding utility of this technology.
Based on dispersion type, the particle size analysis market is segmented into wet dispersion, dry dispersion, and spray dispersion. Wet dispersion segment is expected to register the highest growth rate during the forecast period 2023 to 2028. The substantial growth rate in this market segment is primarily driven by the expanding range of applications for nanoparticles, predominantly assessed through liquid dispersion methods.
Based on type, the particle size analysis market is segmented into the particle size analysis market is further segmented further into bench-top analyzers and portable analyzers. Bench- top analyzer is expected to register the highest growth rate during the forecast period 2023 to 2028. High levels of efficacy and adaptability are evident in a variety of applications, including point-of-care diagnostics, pharmaceutical research, environmental analysis, food safety, material science, biotechnology, cannabis testing, and the characterization of nanomaterials are expected to be key drivers of market growth.
Based on end users, the particle size analysis market is segmented into healthcare industry, cosmetic industry, chemical and petroleum industry, mining, minerals, and cement industry, food and beverage industry, other industries (include industries related to inks, toners, paints, coatings, and environmental analysis, among others. The healthcare industry is expected to register the highest growth rate during the forecast period 2023 to 2028. The growing utilization of nanotechnology in the realm of medical science, the surging expansion of pharmaceuticals within the healthcare sector, and the rising prevalence of analytical laboratories all mark notable developments are expected to be key drivers of market growth.
Based on region, the particle size analysis industry is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America particle size analysis market is anticipated to register the highest growth during the forecast period 2023 to 2028. The growing government backing for nanotechnology research and the escalating proliferation of stringent regulatory standards regarding product quality within the pharmaceutical and food & beverage sectors are major factors responsible for the growth of the market.
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Particle Size Analysis market major players covered in the report, such as:
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This report has segmented the particle size analysis market based on technology, dispersion, type, end-user, and region.
Particle Size Analysis Market, by Technology
Particle Size Analysis Market, by Dispersion
Particle Size Analysis Market, by Type
Particle Size Analysis Market, by End User
Particle Size Analysis Market, by Region
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Recent Developments
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