According to the new market research report "Particle Counter Market by Type (Airborne, Liquid), Application (Cleanroom Monitoring, Contamination Monitoring of Liquids, IAQM), End User (Life Sciences & Medical Devices, Semiconductor, Automotive), Region - Global Forecast to 2024", published by MarketsandMarkets™, the Particle Counter Market is projected to grow at a CAGR of 11.0% during the forecast period, to reach USD 580 million by 2024 from USD 340 million in 2019.
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The Factors such as robust growth in applied markets, the favorable regulatory scenario, and growing focus on the quality of food products are driving the growth of the market during the forecast period.
The airborne particle counters segment accounted for the largest share of the Market, by type, in 2018
The airborne particle counters segment accounted for the largest share of the market in 2018. The large market share of this segment can be attributed to the growing monitoring of cleanrooms for the semiconductor, aerospace, pharmaceuticals, and medical devices industries; low cost of remote particle counters; and rising awareness of indoor quality monitoring.
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Cleanroom monitoring segment accounted for the largest share of the particle counters applications market in 2018
The cleanroom monitoring segment accounted for the largest share of the Particle Counters Market, by application, in 2018. Technological advances in industries such as pharmaceutical, biotech, medical devices, automotive, and aerospace are increasing the demand for quality assurance and stringent regulations of manufacturing environments to ensure product quality. This has driven the demand for cleanroom monitoring and, by extension, particle counters. Thus, the growth of the market for cleanroom monitoring will be tied directly to the growth of industries that use cleanrooms.
Life sciences & medical device industries are the largest end users of the Particle Counters Market
In 2018, the life sciences & medical device industry segment accounted for the largest share of the market. Market growth is largely driven by the growing volume of compounds to be detected for the presence of impurities in pharmaceutical samples, increasing production of pharmaceutical formulations, stringent safety regulations, and increased R&D expenditure. The increase in pharmaceutical manufacturing outsourcing from the Asian region and the establishment of new manufacturing facilities by global pharmaceutical giants in newer geographies are also propelling the demand for particle counters in this end-user segment.
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North America to dominate the Particle Counters Market during the forecast period
In 2018, North America accounted for the largest share of the market, followed by Europe. In the US, significant public-private funding and investments to support air pollution monitoring-based researches, faster adoption of technologically advanced particle counters among end users, and strong trend of pharmaceutical and biotechnology research are some of the key factors driving the market for particle counters.
Prominent players in the Particle Counter Market are 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).
The Particle Counter Market growth can be attributed to the robust growth in applied markets, the favorable regulatory scenario, and growing focus on the quality of food products.
In addition, emerging economies (such as Brazil, Russia, India, South Korea, and China) are expected to offer lucrative growth opportunities for market players.
However, the high cost and technical limitations of particle counters are adversely impacting the growth of this market.How the Market Growth looks like and Industry Segmentation?The Particle Counter Market is projected to reach USD 580 million by 2024 from USD 340 million in 2019, at a CAGR of 11.0%.The airborne particle counters segment accounted for the largest share of the particle counters market in 2018.
The large market share of this segment can be attributed to the growing monitoring of cleanrooms for the semiconductor, aerospace, pharmaceuticals, and medical devices industries; low cost of remote particle counters; and rising awareness of indoor quality monitoring.The cleanroom monitoring segment accounted for the largest share of the particle counters market, by application, in 2018.
Technological advances in industries such as pharmaceutical, biotech, medical devices, automotive, and aerospace are increasing the demand for quality assurance and stringent regulations of manufacturing environments to ensure product quality.
This has driven the demand for cleanroom monitoring and, by extension, particle counters.
Healthcare Contract Research Organization Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Healthcare Contract Research Organization include ICON Plc, Syneos Health, Covance, Charles River Laboratories (CRL), IQVIA, Covance, PAREXEL International Corporation, Medidata Solutions, GVK Biosciences Private Limited, Pharmaceutical Product Development, LLC (PPD), and Pharmaron..
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Healthcare Contract Research Outsourcing Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Healthcare Contract Research Outsourcing include Albany Molecular Research, Inc., Covance Clinical Biotech, IQVIA Inc, PAREXEL International Corp, Pharmaron, Syneos Health, PRA Health Sciences, Inc., WuXi AppTec, Charles River Laboratories International, Inc, Olon Ricerca Bioscience, Sygnature Discovery Limited, Laboratory Corporation of America® Holdings, ICON plc, Jubilant Biosys Ltd, SynteractHCR, and Pharmaceutical Product Development, LLC..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Healthcare Contract Research Outsourcing Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/healthcare-contract-research-outsourcing-market/download-sampleMarket SegmentationThe broad Healthcare Contract Research Outsourcing has been sub-grouped into the Service, Therapeutic Area and Region.
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The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
