Osmometer Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4042
Osmometer Market size is expected to grow significantly from 2019 to 2025.
Growing adoption of advanced osmometer devices with introduction to technological advancements fosters the osmometer market growth. Availability of technologically advanced devices in market has secured patients convenience and health conditions. Moreover, manufacturers have launched numerous effective devices to measure osmotic strength of a compound, colloid or solution should boost the osmometer business growth. Rising demand for freezing point depression osmometer use to clearly determine the osmotic strength as osmotically active compounds accelerates the osmometer industry growth. Moreover, focus of manufactures to develop these devices further augments the overall business growth.
Rapidly rising demand for osmometer devices in clinical labs and biopharmaceutical labs will favor the osmometer industry growth. Extensive usage of clinical labs test osmolality of urine, plasma and serum provides information on the body’s hydration state is expected to drive the demand for osmometer devices. Measuring osmolality is critical due to metabolic acidosis, electrolyte disorders and toxin ingestion that further fosters higher demand for osmometer devices. Furthermore, osmolality testing in initial screening helps in minimizing the cost and enhances improved quality of care thereby propels osmometer market growth. However, high cost of osmometer devices may hamper the osmometer market growth over the analysis timeframe.
Freezing point osmometers segment is anticipated to witness robust growth during the analysis timeframe. It is a standard method for testing osmolality that provides complete and accurate view of sample should propel the segmental demand. The freezing point osmolality is independent from the size, ionization status, shape, and other physical characteristics of the liquid solutions thereby enhancing business growth.
Pharmaceutical and biotechnology companies’ segment will witness substantial growth during the analysis period. Pharmaceuticals companies and labs use osmolality testing for quality check and process control throughout the development and manufacture of biologics should favor the segmental growth. It ensures reduction in the risk batch failures, in-process reagent quality, and cell health.
North America osmometer industry will account for lucrative revenue share by 2025 owing to rising healthcare facilities. Furthermore, high health care expenditure per capita and increasing demand for laboratory automation in developed economies boosts the regional growth.
Prominent business players functioning in osmometer market include Advanced Instruments, Arkray, Elitech Group, Gonotec, Knauer, Loser Messtechnik, Shanghai Medical University Instrument and Tianjin Tianhe. Notable industry players operating in this industry adopt numerous in-organic strategies including acquisitions and collaborations over other market players should boost the business growth. For instance, in June 2019, Advanced Instruments launched new web-based advanced QC peer group program. This program allows laboratories to compare osmometer urine and serum. This strategy has enhanced company’s product portfolio.
Osmometer Market By Type, 2014-2025 (USD Million)
- Freezing Point Osmometers
- Membrane Osmometers
- Vapor Pressure Osmometers
Osmometer Market By End-use, 2014-2025 (USD Million)
- Diagnostics Centers
- Pharmaceutical & Biotechnology Companies
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Advanced Instruments
- Elitech Group
- Loser Messtechnik
- Precision Systems
- Shanghai Medical University Instrument
- Tianjin Tianhe
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