Osmometers Market Growth Accelerated by Rising Adoption of Osmometers in Pharmaceutical and Biotechnology industries
Osmometers Market |
The global osmometers market has witnessed significant growth in recent years owing to growing applications of osmometers in pharmaceutical and biotechnology industries. Osmometers are widely used for analyzing dissolved solids, concentration of electrolytes, and quantification of osmolality in various fluids. They help determine the osmolarity of body fluids accurately for diseases diagnosis and perform quality control tests on pharmaceutical formulations. Furthermore, osmometers provide stable and reliable osmolality measurements to support research activities in biotechnology research organizations and academic institutes.
The global
osmometers market is estimated to be valued at US$ 150.2 Mn in 2024 and is
expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of global osmometers market is rising
adoption of osmometers in pharmaceutical and biotechnology industries.
Osmometers help pharmaceutical companies perform quality control tests and analysis
of active ingredients concentration during drug development and manufacturing
processes. They also support routine analysis of various body fluids like
blood, urine and cerebrospinal fluid samples at various stages of clinical
trials. Furthermore, rising research activities in biotechnology sector focused
on drug discovery and development has also fueled the demand for reliable
osmometers. Growing pharmaceutical R&D expenditure and increasing
outsourcing of various pre-clinical and clinical research activities are some
other factors expected to propel the market growth over the forecast period.
Segment
Analysis
The global osmometers market is dominated by freezing point osmometers
sub-segment. Freezing point osmometers work on the principle of freezing point
depression, which is considered a reliable and classic method of osmometry.
Freezing point osmometers provide accurate readings for samples with
wide-ranging osmotic concentrations and are easy-to-use instruments. This has
resulted in freezing point osmometers sub-segment capturing over 40% share of
the global osmometers market in 2024.
Key Takeaways
Global
Osmometers Market Demand is expected to witness high growth over the
forecast period of 2024-2031. Rising demand from biopharmaceutical and clinical
diagnostic industries is expected to drive market revenues.
Regional analysis: North America held the largest share of over 35% of the
global osmometers market in 2024 owing to increasing investments in life
science research in the region. Asia Pacific is expected emerge as the fastest
growing regional market led by China, India and Southeast Asian countries.
Rising healthcare expenditure and growing contract manufacturing and research
activities are augmenting the demand for osmometers in Asia Pacific countries.
Comments
Post a Comment