Asia Pacific Nanoparticle Measurement Instrument Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Instrument Type (X-Ray Diffraction, Scanning Electron Microscopy, Atomic Force Microscopy, Photon Correlation Spectroscopy, Nanoparticle Surface Area Monitor, Transmission Electron Microscopy, Condensation Particle Counter, Differential Mobility Analyzer, Scanning Mobility Particle Sizer, Nanoparticle Tracking Analysis, Aersol Particle Mass Analyzer, and Others) and End User (Pharmaceutical Industry, Biotechnology Industry, Contract Research Organizations, and Others)
The Asia Pacific nanoparticle measurement instrument market is expected to reach US$ 3,277.78 million by 2028 from US$ 1,996.65 million in 2021; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.
The growth of the market is ascribed to the ongoing research in nanoparticles and environmental nanoparticles’ characterization. However, the high cost of the instrument used for measurement restricts the market growth.
Governments of different countries and industrial houses spend ample resources on R&D activities related to nanotechnology to create new products and obtain patents. According to the data provided by Mckinsey, in 2019, ~US$ 2.3 trillion, i.e., ~2% of the total global GDP, was spent on R&D activities around the world. Half of the amount was spent in the healthcare industry, and the remaining amount was allocated to the government and academic research institutes. Many industrial houses in nanotechnology are focusing on the development of engineered nanoparticles, which are important and can be used in different fields. Also, governments are continuously focusing on the development of beneficiary nanoparticles for electronics and pharmaceutical applications.
Further, there is a rapid increase in R&D investments in developing countries, such as India, China, and Australia. According to a report produced by the Government of India, the national investment in R&D activities in 2017-2018 was ~INR 113,800 crore (US$ 15 billion), and it was estimated to reach INR 123,850 crore (US$ 16.4 billion) in 2018-2019. Such rapid surge in investments in R&D is driving the growth of the research activities for the growth of the nanoparticles market, which is anticipated to fuel the growth of the nanoparticle measurement instrument market to engineer nanoparticles according to the required size.
Asia Pacific Nanoparticle Measurement Instrument Market Revenue and Forecast to 2028 (US$ Million)
ASIA PACIFIC NANOPARTICLE MEASUREMENT INSTRUMENT MARKET SEGMENTATION
By Instrument Type
X-Ray Diffraction (XRD) Scanning Electron Microscopy (SEM) Atomic Force Microscopy (AFM) Photon Correlation Spectroscopy (PCS) Nanoparticle Surface Area Monitor (NSAM) Transmission Electron Microscopy (TEM) Condensation Electron Microscopy (CPC) Differential Mobility Analyzer Scanning Mobility Particle Sizer (SMPS) Nanoparticle Tracking Analysis (NTA) Aerosol Particle Mass Analyzer (APM) Others By End User
Pharmaceutical Industry Biotechnology Industry Contract Research Organizations Others By Country
China Japan India Australia South Korea Rest of APACCompany Profiles
Bruker Micromeritics Instruments Corporation Spectradyne LLC. IZON Science LTD Microtrac Retsch Gmb H SHIMADZU CORPORATION Yokogawa Electric Corporation
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