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The Fastest Growing Segment Fueling The Growth Of Liquid Scintillation Analyzer Market

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Leena Shedmake
The Fastest Growing Segment Fueling The Growth Of Liquid Scintillation Analyzer Market

Liquid scintillation analyzers make use of the liquid scintillation counting technology for detection and measurement of low-level radiation emitted by isotopes used in fields such as pharmaceutical, oil exploration, nuclear physics, and biomedical research. The instruments are crucial for quantification of radioactive isotopes and beneficial for applications like analysis of radioimmunoassays and radio-ligand binding assays.

The global Liquid Scintillation Analyzer Market is estimated to be valued at US$ 1.41 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.



Market key trends:

 

One of the key trends in the liquid scintillation analyzer market is the technological advancements leading to high sensitivity and accuracy. The newer generation instruments provide enhanced sensitivity for low-level detection of radioisotopes with higher counting efficiency. For instance, advanced liquid scintillation analyzers integrated with advanced photomultiplier tubes and pulse shape discrimination technologies provide detection of multiple isotopes in samples simultaneously, allowing improved sensitivity and efficiency.


Segment Analysis


The global liquid scintillation analyzer market is segmented into product, end-user and region. Based on product, the market is categorized into low level liquid scintillation analyzer and high level liquid scintillation analyzer. The low level liquid scintillation analyzer segment dominated the market in 2022 owing to its wide usage in laboratories to detect traces of radioactive emissions from samples.



Key Takeaways

 

The Global Liquid Scintillation Analyzer Market Demand is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing research activities in pharmaceutical and biotechnology sectors.


Regional analysis

North America dominated the global market in 2022 and is expected to maintain its dominance during the forecast period. This is attributed to presence of major players and rising R&D investments in the region. Asia Pacific is expected to exhibit the fastest growth rate during the forecast period owing to increasing pharmaceutical and biotechnology research in countries like India and China.


Key players

Key players operating in the liquid scintillation analyzer market are PerkinElmer, LabLogic Systems Ltd., Hidex Oy, Intertechnique, LabLogic Systems Limited, AMETEK Inc, Beckman Coulter Inc, Berthold Technologies GmbH & Co. KG, Bio-Rad Laboratories Inc., Hach. PerkinElmer has the largest market share owing to its widespread product portfolio and global presence.

 

Explorer more information on this topic, Please visit - 

https://www.marketwebjournal.com/liquid-scintillation-analyzer-market-size-and-share-analysis-growth-trends-and-forecasts/

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