Colorimeter MarketColorimeter Market Set for Rapid Growth, to reach Value around US$ 1725.4 million by 2033
Zion Market Research has published a new report titled “Colorimeter Market by Product (digital colorimeter and manual colorimeter) & end-user (clinical diagnostics labs, pharmaceutical companies, research institutes and others): Global Industry Perspective, Comprehensive Analysis and Forecast.
According to the global colorimeter market is likely to expand with a year-on-year growth of 8.1% in 2023 reaching a value of about US$ 799.2 million by 2023 end.
A colorimeter can measure the absorption of light waves. The difference in the intensity of electromagnetic radiation in the visible wavelength region of the spectrum is measured after an object or solution is emitted or reflected throughout the color analysis. Colorimetric methods are used to quantify compounds in water including cyanide, dissolved oxygen, chlorine, molybdenum, zinc, fluoride, iron, and hydrazine. To identify the compounds separately, the water sample is mixed with a reactant. The resulting reaction results in a transmutation of light, whose strength depends on the amount of value compound in the sample. Using a colorimeter, the precise intensity of the color is measured. Multi-parameter colorimeters simultaneously monitor for a range of pollutants.
The colorimeter market is expected to see substantial value and volume growth during the forecast period due to the growing applications of colorimeters in environmental analysis and the study of food & beverages based on their color for the detection of bacterial growth, etc. Factors such as increased dental disease and increased dental aesthetic awareness are expected to drive market growth. . As a result of the increasing number of food & beverage processing companies, they are increasingly focusing on expanding their activity and manufacturing units across the Asia Pacific region. This trend is expected in the coming years to increase demand for the colorimeter market. In addition, the population’s tendency towards dental aesthetics is expected to fuel the development of the global market for colorimeters. However, in the forecast period, the lack of skilled professionals is likely to hamper market growth.
The market for Colorimeter is segmented based on type, end user, and region. Based on product, the market is segmented into Digital Colorimeter and Manual Colorimeter. The major market share in the global colorimeter market was the digital colorimeter segment in 2018. In addition, government organizations across the globe have amended various strict regulatory guidelines and quality standards, which are also likely to boost demand for the global colorimeter market over the forecast period.
Based on end-user, the market is segmented into clinical diagnostics labs, pharmaceutical companies, research institutes and others. The clinical diagnostics labs segment dominated the colorimeter market with the largest share of the market.
Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries such as US, Canada, Germany, UK, France, China, Japan, India, GCC countries, Brazil. In line with consumer awareness of the quality of consumables, the rise in food & beverage demand drives the sales of colorimeters in North America and Europe. In European countries –Switzerland, Germany, and Ireland–the sweeping production rate of pharmaceuticals correlates to increasing demand for colorimeters to create brand identity, and conveys the benefits. In addition, with increased production efficiency, as well as legal compliance, market players are expected to attract colorimeter.
Some of the players included in Colorimeter market are -
· Admesy BV
· Beijing TIME High Technology
· BYK Gardner
· ELDIM
· ERICHSEN
· Hach
· Hanna Instruments
· Harvard Bioscience
· Instrument Systems
· Konica Minolta Sensing
The report segments the Colorimeter market as follows:
Global Colorimeters Market: Product Type Segment Analysis
· Digital Colorimeter
· Manual Colorimeter
Global Colorimeters Market: End User Segment Analysis
· Clinical Diagnostics Labs
· Pharmaceutical Companies
· Research Institutes
· Others
Global Colorimeter Market: Regional Segment Analysis
· North AmericaU.S.
· EuropeUKFranceGermany
· Asia PacificChinaJapanIndia
· Latin AmericaBrazil
· Middle East and Africa
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