New York, United States: The Report on Particle Counter Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Particle Counter Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors.
The global Particle Counter market gathered revenue around USD 347 Million in 2020 and market is set to grow USD 559 Million by the end of 2027 and is estimated to expand at a modest CAGR of 11.2% during the prediction period 2021 to 2027.
Overview of Particle Counter Market Study
Particle Counter market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
Get your Customized Research Report@ https://www.novaoneadvisor.com/report/customization/5401
Market growth is driven largely by factors, such as robust growth in applied markets, the favorable regulatory scenario, and growing focus on the quality of food products are the key factors driving the growth of the particle counters market. In addition, emerging economies (such as Brazil, India, South Korea, and China).
Particle Counters: Market Dynamics
Driver: Regulations and standards for cleanrooms and manufacturing
With the increasing demand for certified products, various quality certifications such as ISO checks and National Safety and Quality Health Standards (NSQHS) have been made mandatory for ensuring that the standards for manufacturing processes and products are being upheld. Quality certifications require products to be processed in a cleanroom environment to ensure minimum possible contamination. The need to ensure a sterile and contamination-free environment promotes the greater use of cleanrooms and monitored working areas for manufacturing healthcare products. In addition, the possibility of adverse drug reactions has ensured constant monitoring in the pharmaceutical manufacturing process. According to the FDA, liquid pharmaceutical products labeled for infants and toddlers, offered by leading pharma brands, such as Major Pharmaceuticals and Rugby Laboratories, were recalled in 2017 due to particulate contamination. In the same year, SCA Pharmaceuticals LLC recalled various injectable product lots for possible bacterial contamination. To ensure the highest possible levels of product safety and quality, the focus on effective monitoring has grown with the scale of R&D and manufacturing, and with it, the use of particle counters.
Restraints: High cost of particle counters
Particle counters are equipped with advanced features and functionalities and are thus priced at a premium. Apart from the cost of the system, the cost of ensuring compliance with industry standards is also very high. While technological advancements and increased operational efficiencies have driven the demand for particle counters, they have also resulted in an increase in price. For instance, the cost of a liquid particle counter may vary from USD 15,000 to USD 20,000.
The price of particle counters influences the purchasing decision of end users. Pharmaceutical companies require many such systems, and hence, the capital cost increases significantly. Academic research laboratories find it difficult to afford such systems, as they have controlled budgets. These are the major factors limiting the adoption of particle counters among end users.
Opportunities: Growth opportunities in emerging countries
Many developing economies, such as India, China, Brazil, Russia, Taiwan, and South Korea, offer high-growth opportunities for major market players in the particle counters market owing to presence of less-stringent regulatory policies, low labor costs, and high growth in their respective life sciences, food, and other industries. Although the adoption of advanced technologies is low in developing countries, their huge population base and increasing research activities, especially in India and China, are expected to offer a sustainable market for these instruments. Furthermore, with the increasing number of greenfield projects and rising capital expenditure on infrastructure development, these countries are offering potential growth avenues for market players
By the end-user, the life sciences & medical devices industry segment is expected to make the most significant contribution to the particle counters market during the forecast period.
In 2019, the industry accounted for the largest share of the global particle counters market. The development of various implantable & biodispersible devices and miniature devices—such as nano pen needles and microinjections—has led to a greater need for safety and quality measures in medical device manufacturing. Regulatory compliance is also important for ensuring the reliability of medical devices in the market. As part of quality assurance, companies are investing in air cleaners that feature high-efficiency particulate air filters for their cleanrooms. Increasing R&D and manufacturing activity in this sector, given the need for contamination control in working areas in the medical devices industry, is thus expected to support the growth of this end-user segment.
By product type, airborne particle counters segment is expected to grow at the fastest rate during the forecast period.
In 2019, accounted for the largest share of the global market. The large market share of this segment can be attributed to the increasing use of these particle counters for cleanroom monitoring and the growing stringency of air pollution monitoring.
North America is expected to be the largest market during the forecast period.
US and Canada are the major countries considered for the study of the particle counters market. North America has a diverse and well-established R&D infrastructure, with rapid adoption of chromatography techniques among end-user industries. North America accounted for the largest share of 37.3% of the chiral chromatography columns market in 2019. A number of factors, such as increasing drug development activities, the availability of government funding for life science R&D, high adoption of technologically advanced solutions, A robust pharmaceutical industry base in the US, technological advancements, and the increasing use of particle counters for air pollution monitoring are driving the growth of the particle counters market in this region.
Buy Complete Assessment of Particle Counter market Now@ https://www.novaoneadvisor.com/report/checkout/5401
COVID-19 Impact on Particle Counter Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Particle Counter market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Particle Counter market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Particle Counter market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Particle Counter market include:
Particle Measuring Systems (US), Beckman Coulter (US), RION Co., Ltd. (Japan), Lighthouse Worldwide Solutions (US), TSI (US), Climet Instruments Company (US), Met One Instruments, Inc. (US), Particle Plus (US), Setra Systems (US), PAMAS (Germany), Chemtrac (US), Hal Technology (US), Konamax (US), Veltek Associates (US), PCE Instruments (UK), GrayWolf Sensing Solutions (US), Extech Instruments (US), Palas GmbH (Germany), HYDAC International (Australia), and Fluke Corporation (US), among others.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Particle Counters Market, by Type
- Airborne Particle Counters
- Liquid Particle Counters
Particle Counters Market, by Application
- Cleanroom Monitoring
- Drinking Water Contamination Monitoring
- Aerosol Monitoring and Research
- Indoor Air Quality Monitoring
- Contamination Monitoring of Liquids
- Chemical Contamination Monitoring
- Other Applications
Particle Counters Market, by End User
- Life Sciences & Medical Device Industry
- Semiconductor Industry
- Automotive Industry
- Aerospace Industry
- Food & Beverage Industry
- Other End Users
Why Buy this Report?
The purpose of Nova one advisor’s Particle Counter market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
Download This Full Research Report, Click Here@ https://www.novaoneadvisor.com/report/checkout/5401
Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
Call: +1 9197 992 333