Particle Size Analysis Market

The global particle size analysis market in terms of revenue was estimated to be worth $446 million in 2023 and is poised to reach $596 million by 2028, growing at a CAGR of 6.0% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The particle size market is poised for The market's robust growth is primarily propelled by factors like the expansion of research in nanotechnology, augmented investments in pharmaceutical research and development, and the implementation of rigorous regulatory standards for product quality across diverse industries. Nevertheless, the imposition of substantial import duties on particle size analyzers in developing nations and constraints in the particle characterization range are anticipated to impede market growth in the forecast period.

Particle Size Analysis Market

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e- Estimated; p- Projected

Particle Size Analysis Market: Market Dynamics

Driver: The growth in research endeavors within the field of nanotechnology.

Due to its significant potential, the utilization of nanotechnology is rapidly expanding across various industries, including healthcare, food and beverage, and the chemical sector. Continuous research on nanomaterials and their importance in multiple industries is also fostering the development of nanotechnology applications. As particle size analyzers play a crucial role in nanoparticle analysis, the increasing research in nanotechnology, combined with the growing adoption of this technology, will propel market growth.

Restraint: The price of particle size analyzers is high

Particle size analysis instruments are becoming increasingly popular due to technological advances and new applications. However, their high cost is a major barrier to market growth. Customers must make significant investments to purchase and implement these instruments. For example, a dynamic light scattering particle size analyzer can cost between $30,000 and $60,000, depending on the accessories. Additionally, nanotechnology-based particle size analyzers require highly skilled technicians to operate, which adds to the overall cost.

Opportunity: Growing number of conferences and events.

Over the past decade, there has been a surge in the number of national and international nanotechnology events, trade shows, and conferences. For example, the 23rd IEEE International Conference on Nanotechnology (IEEE-NANO 2023) will be held from July 2-5, 2023 in Jeju Island, Korea, with a focus on the latest advances in nanotechnology and its applications. Many market players also organize and exhibit their products at these events, which helps to raise awareness of the latest nanoparticle analysis technologies. These seminars showcase the latest developments in nanoparticle characterization technologies, such as NTA, DLS, GPC, rheology, and RMM. These events also help to increase awareness of novel nanoparticle characterization techniques among research professionals.

Challenge: SMEs lack the infrastructure to distribute their products effectively.

In addition to large, established companies, there are many small and medium-sized businesses (SMEs) that offer specialized technologies. However, SMEs often have difficulty marketing and distributing their products due to limited budgets. This can hurt their sales and even threaten their survival. To overcome their inability to grow organically due to insufficient funds, many SMEs are focusing on expanding their geographic reach through inorganic growth strategies, such as mergers and acquisitions and partnerships.

Market Ecosystem/Map

By technology, the the nanoparticle tracking analysis segment of the particle size analysis industry is expected to grow at the highest rate during the forecast period.

Based on technology, the particle size analysis market can be categorized into various segments, including laser diffraction, dynamic light scattering, imaging, coulter principle, nanoparticle tracking analysis, and other related technologies. Anticipatedly, the Nanoparticle Tracking Analysis (NTA) sector is projected to exhibit the most significant growth within the particle size analysis technologies market during the forecast period spanning from 2023 to 2028. This segment is growing rapidly due to new and advanced applications of particle size analyzers, as well as increasing research in nanotechnology. Additionally, NTA is primarily used in biopharma and biotech applications, and this market segment is expected to grow during the forecast period due to increasing R&D activities in the biopharmaceutical industry.

By dispersion, the wet dispersion segment of the particle size analysis industry is expected to grow at the highest rate during the forecast period.

Based on dispersion, the particle size analysis market is segmented into dispersion- wet dispersion, dry dispersion, and spray dispersion. The wet dispersion segment of the particle size market by wet dispersion registers the highest growth rate during the forecast period 2023 to 2028. The wet dispersion market is growing due to the increasing use of nanoparticles and the launch of new wet particle size analyzers by several companies.

By end user, the healthcare industry segment of the particle size analysis industry is expected to grow at the highest rate during the forecast period.

Based on end users, the particle size analysis market is segmented into healthcare industry, cosmetics industry, chemical & petroleum industry, mining, minerals, and cement industry, food & beverage industry, and other industries. The healthcare industry segment of the particle size market by end user registers the highest growth rate during the forecast period 2023 to 2028. Growing pharmaceutical R&D spending in developing Asian countries, unmet patient needs for treatments for specific diseases (such as cancer), and government support for drug development are driving pharmaceutical research studies. This, along with the increasing number of biotechnology companies, continuous technological advancements by key players, company initiatives to raise awareness of new particle characterization solutions, and the growing number of conferences and events, is further propelling the demand for particle size analyzers in the biopharmaceutical and drug discovery industries.

By region, North America is expected to be the largest market in the particle size analysis industry in 2022.

North America, comprising the US and Canada, accounted for the largest market share of the particle size analysis market in 2022. The North American region is experiencing growth in the particle size analysis market due to factors Rising nanotechnology awareness, the presence of major nanotechnology companies in North America, government reforms and regulations to improve product quality, high industry standards, and the gradual shift of manufacturing and pharmaceutical R&D from developed markets to the United States are fueling the growth of the North American particle size analysis market.

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As of 2023 The vendors operating in the global particle size analysis market include Spectris (UK), HORIBA (Japan), Danaher (US), Anton Paar GmbH (Austria), Bettersize Instruments Ltd. (China), Brookhaven Instruments (US), Fritsch GmbH (Germany), LS Instruments (Switzerland), Metller Toledo (US), Micromeritics Instrument Corporation (US), Microtrac Retsch GmbH (Germany), Shimadzu Corporation (Japan), Sympatec GmbH (Germany), and TSI (US), and among others.

Scope of the Particle Size Analysis Industry

This report has segmented the particle size analysis market to forecast revenue and analyze trends in each of the following submarkets:

By Technology

• Laser Diffraction
• Dynamic Light scattering
• Imaging
• Dynamic Imaging
• Static Imaging
• Nanoparticle Tracking Analysis (NTA)
• Coulter Principle
• Sieve Analysis
• Other Technologies

By Dispersion

• Wet Dispersion
• Dry Dispersion
• Spray Dispersion

By Type

• Bench-Top Analyzers
• Portable Analyzers

By End User

• Healthcare Industry
  • Pharmaceutical & Biotechnology Companies
  • Public & Private Institutions
  • Academic Institutions
• Cosmetic Industry
• Chemicals & Petroleum Industry
• Mining, Minerals and Cement Industry
• Food & Beverage Industry
• Other Industries

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa

Recent Developments of Particle Size Analysis Industry

• In August 2023, Anton Paar GmbH introduced Litesizer DIA 500, the latest addition to the Particle Analysis & Surface Charge (PC) product line. This innovative instrument brings dynamic image analysis to your fingertips, allowing for precise measurement of particle size and shape within the range of 0.8 µm to 8,000 µm. With 1 µm equaling 0.001 millimeter.
• In May 2023, The Verder Group has acquired France's Formulaction S.A. and will integrate it into Microtrac MRB, a prominent manufacturer of Particle Characterization Systems within the group's Scientific Division.
• In March 2022, Aerolase is expanding its services beyond aesthetic treatments to help dermatologists with different focuses. They will now offer treatments for conditions like vitiligo, leukoderma, and atopic dermatitis. They're also working on getting FDA clearance for treating alopecia areata in 2023, using technology that has already been proven effective in Europe and other places. These additions will complement their existing treatments for acne, psoriasis, and rosacea.

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