Liquid scintillation analyzer is widely used in laboratories to detect radioactive samples, measure radiation levels, and analyze various types of radioactive samples like biological, industrial, and environmental samples. The analyzers offer accurate radiation counting from complex biological samples and aid in various analytical testing applications in pharmaceutical, biotechnology, and healthcare industries.
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 24.% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased research and development activities across pharmaceutical and biotechnology industries have been a major trend fueling the growth of liquid scintillation analyzer market. Pharmaceutical companies are extensively conducting clinical trials and research to develop innovative drugs and therapies for various critical diseases. Likewise, biotech firms are engaged in R&D for developing advanced biologics and cell & gene therapies. Liquid scintillation analyzers find wide applicability in various stages of drug development process right from assay development, validation to quality control testing. Thus, rising R&D expenditures of pharma and biotech players globally have augmented the demand for these analyzers over the recent years.
Segment Analysis
The global liquid scintillation analyzer market is dominated by single photon emission computed tomography (SPECT)-based liquid scintillation analyzers segment. SPECT liquid scintillation counter utilizes radiation detection ability of scintillation counting for quantitative determination of radioisotopes in liquid samples using gamma ray detection. It offers high detection sensitivity and is widely used in biological and medical research for detection of radioisotopes in micro volumes.
Key Takeaways
The Global Liquid Scintillation Analyzer Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis shows that North America region currently dominates the market and is expected to maintain its dominance during the forecast period. Factors such as strong presence of leading players, robust healthcare infrastructure and rising research activities are contributing to its large share.
Key players operating in the liquid scintillation analyzer market are Sumitomo Electric Industries, Ltd, Lear Corporation, Leoni AG, Motherson Group, Yazaki Corporation, Aptiv PLC, Furukawa Electric Co, Delphi Automotive LLP, Furukawa Electric Co. Ltd, Nexans Autoelectric, Yura Corporation, THB Group, BorgWarner, Inc, Nexans Autoelectric GmbH, and AmWINS Group Inc.
Get more insights on this topic :
Global On-line Total Organic Carbon (TOC) Analyzer Market by Technology (Ultraviolet Oxidation, UV Persulfate Oxidation, High-temperature Combustion), by End-User (Wastewater Treatment, and Non-Waste Water Treatment), by Application and Region – Till 2023
On-line Total Organic Carbon (TOC) analyzer measurement is primarily used to define the amount of organic contamination in water.
Canada is another major market for TOC analyzer and is expected to witness a CAGR of 4.44% during the forecast period.
With its domestic pharmaceutical industry consisting of companies such as Bayer, BASF, and Hoechst, the pharmaceutical industry has seen growth in the last few years.
Additionally, Germany is growing particularly in plant breeding and agrochemicals, making it an important destination for the TOC analyser market, in terms of growth.
Water contamination is one of the major issues in the Asia Pacific region, mainly due to increased environmental deterioration, high soil erosion, occasional floods, and increase in pollution levels in India, China, and Japan.
