Global Osmometers Market By Type (Freezing Point Osmometers, Vapour Pressure Osmometers and Membrane Osmometers), By Sampling Capacity (Single-Sample and Multi-Sample) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the report

How are the major segments performing in the osmometers market?

• In 2022, the freezing point osmometers category accounted for the largest market share because of the factors such as simple calibration and ease of control. The key players’ innovative product launches are accelerating the segment’s growth.
• In 2022, the single-sample category held the largest share due to technological innovation. Single-sample technology is utilized for samples that are more difficult to freeze, such as cryo-preservatives used in RNA treatments, high-concentration protein drug formulations, applications for gene and cell therapy, buffer concentrates for in-line buffer dilutions, and others.
• In 2022, the laboratory & diagnostics centers category held the largest share. This results from the goods’ rising importance in analytical performance and usability scenarios. Increasing innovations and introducing new products will drive the market’s growth.

Which region dominated the osmometers market?

In 2022, the North American region was anticipated to hold a prominent share of the global osmometers market. Large corporations are focusing on creating technologically cutting-edge products, and end-use industries like the chemical and pharmaceutical industries are getting increasingly demanding. The prevalence of chronic diseases will also contribute to the growth of the North American osmometers market during the forecast period.

How US market is performing in the osmometers market?

In 2022, the United States was anticipated to hold a prominent share in the global osmometers market in the North American region driven by high healthcare spending, rising use of automated healthcare equipment in clinical laboratories and hospitals, and national technological advancements. Over time, more money has been spent on research and development. The 42 federally financed research and development centers (FFRDCs) in the US spent USD 23.5 billion on R&D in FY 2020, an increase of 3.4% annually, according to a National Center for Science and Engineering Statistics article. Additionally, there has been a sharp rise in the region’s diarrhea-related mortality. Osmometer usage is projected to rise in demand given that the US experiences over 179 million acute diarrhea each year, according to the Centers for Disease Control and Prevention (CDC).

How is the economy impacting the global osmometers growth?

The Russia-Ukraine war hampered the market’s ability to compete. The crisis has significantly impacted the industrial sector, causing shortages of raw materials and delays in the trade cycle. Osmometer demand and supply remain unsteady on a worldwide scale. Still, businesses are working to strengthen their strategies and have begun seeking for other suppliers to lessen their reliance on Russia and Ukraine. Over the following few years, such actions are anticipated to encourage market development potential. Furthermore, the COVID-19 pandemic had a major effect on the market. The National Institutes of Health reported that COVID-19 was linked to electrolyte problems, particularly hyponatremia, in a report released in March 2020. Osmometers are helpful in the diagnosis of hyponatremia. Hence the market has grown favorably. However, the COVID-19 pandemic stopped clinical investigations, which had unfavorable effects on the market.

What is the competitive environment of the osmometers market?

The major players in the osmometer market make substantial contributions by offering a variety of goods and expanding their global geographic reach. To maintain a dominant position in the market, the market participants use various techniques, including product launches, partnerships, collaborations, mergers, and acquisitions. For instance, in September 2021, Protinol Protein-Based Controls and Renol Urine Osmolality Controls, which the manufacturer recommends for use with serum and urine osmometer controls, were introduced as part of the Advanced QC web-based program.

Executive Summary

What are the key trends in the osmometers market?

• Increased research on the pharmaceutical business is assisting market expansion: The study of new areas of medicine, such as personalized medicine, has increased as the focus of healthcare around the world shifts from reactive to proactive and predictive care. As pharmaceutical companies seek to capitalize on the most recent trend in the market, growing clinical research in various cancer kinds has heightened attention to personalized medicine. The development of personalized medicine is also aided by government support. When individual variability is considered, drugs function properly and help people’s overall well-being. Traditional clinical trials collect a small number of measurements from thousands of individuals. A variety of testing methods are needed for interventions in precision medicine. N-of-1 trials, or studies concentrating on a single subject, will be an essential sample component. Results from numerous N-of-1 trials conducted in the same manner will be combined to provide better knowledge about treating different population segments.

How has the expansion of the biopharmaceutical industry affected market growth?

The biologics and pharmaceutical products, producers, and suppliers that comprise the biopharmaceutical sector are expanding. The dynamics of the biopharmaceutical industry change as the pharmaceutical sector turns to it for the development of novel medications and biosimilars released onto the market by new international players. Innovative pharmaceuticals have entered the market as a result of biopharmaceutical products’ capacity to treat ailments that were previously incurable. Geographically, the biopharmaceutical sector is growing to include emerging nations like China and India. Partnerships between developing and developed nations are growing due to the constantly increasing demand for diverse biologics and medicines on a worldwide scale, to increase the development and manufacture of biologics. As a result, this will fuel expansion in the market for osmometers worldwide.

Which are the key investments by the osmometers market players?

Market growth is fueled by continued medical infrastructure development and growing public and private sector investments to support the usage of safer and more affordable healthcare solutions. In 2018, there were around 12,000 public hospitals, 21,000 private hospitals, and 12,600 for-profit and 20,500 non-profit organizations, according to the National Health Commission. (excluding township and community hospitals). This should generate a lot of potential opportunities for osmometer market participants throughout the course of the projected year.

Some major players in the osmometers market are Advanced Instruments, ELITech Group Inc., Precision Systems Inc., ARKRAY Inc., Nova Biomedical, ASTORI TECNICA, KNAUER Wissenschaftliche Gerete GmbH, Ratiolab, and Labtek Services Ltd.

What are the major driving factors for the osmometers market?

The key drivers of the rise in osmometer demand are the expansion of R&D programs and the number of clinical and biopharmaceutical labs. The increasing burden of disease in the world and the increasing demand for contemporary clinical laboratories with cutting-edge technology for improved clinical results are a few factors driving the market’s growth. Additionally, as more cancer patients are worldwide, there is a greater need for clinical laboratories, driving up the market. The increased healthcare spending and the need for modern laboratory equipment for accurate analysis and results that improve clinical outcomes are other factors driving the market’s expansion.

What are the major risks for the osmometers market?

The high price of osmometers would hamper the market’s growth pace. The lack of trained workers and inadequate healthcare infrastructure in underdeveloped nations will be a problem for the osmometer business. However, the main aspect projected to hinder the global market is the intensely competitive environment brought on by the market’s extreme fragmentation. The broad variety of products offered at various prices hinders the market.

Which is the key type category in the osmometers market?

The freezing point osmometers category held the largest share in the market in 2022. The freezing point osmometer measures the osmotic strength of a solution by measuring how much its osmotically active components lower the freezing point. A freezing point osmometer calculates the variation in freezing point of a solvent as a function of the total solute concentration. Since an exact linear correlation exists between osmolality and a solution’s freezing point, the distinctive character of freezing point osmometers is crucial. The most popular osmometers are freezing point osmometers because of features like simple calibration and control.

How is the osmometers market performing in regions?

Asia Pacific market is anticipated to witness fastest growth in the global osmometers market during the forecast period, driven by the expanding healthcare expense and the steadfast presence of important manufacturers. A greater influx of cutting-edge technologies has entered the healthcare sector due to the growing demand for laboratory automation throughout industrialized nations. Regional market growth will be further accelerated by introducing automated medical equipment in clinical labs and hospitals. The factors predicted to boost the market expansion include the aging population rise, rising chronic disease incidences, and increased product development of advanced products.

What is the regulatory landscape for the osmometers market?

The existence of important companies, a favorable reimbursement environment, and considerable government investments in the creation of cutting-edge medical devices are all factors boosting the market growth. Additional reasons promoting the market’s growth include increases in government spending in the major economies, rising medical sector costs, more severe competition, releases of new technologies, and the retrofitting and rehabilitation of outdated equipment.

What is the market size of osmometers regarding value?

The global osmometers market is anticipated to grow at a substantial CAGR of 4.20% in the upcoming years. The global osmometers industry was estimated to be worth USD 95.1 million in 2022 and was expected to be worth USD 126.84 million by 2028.

What are the major players planning for the future of the osmometers market?

In the near future, product advancements like introducing multi-sample micro osmometers, which boost productivity and deliver quick and precise osmolality test findings, are also anticipated to fuel the product demand. In addition, it is projected that intensive R&D efforts and rising demand for accurate analysis to improve healthcare results will propel the market’s expansion. For instance, ELITechGroup purchased GONOTEC in July 2021 to offer a full spectrum of osmotic measurement solutions that satisfy the specific needs of doctors to reliably and promptly diagnose disease and choose the best course of treatment for their patients. In the coming years, these technological developments are anticipated to accelerate the expansion of the osmometers market.

Segmentation of Global Osmometers Market-

Global Osmometers Market – By Type

• Freezing Point Osmometers
• Vapour Pressure Osmometers
• Membrane Osmometers

Global Osmometers Market – By Sampling Capacity

• Single-Sample
• Multi-Sample

Global Osmometers Market-By End-Use

• Hospitals
• Laboratory & Diagnostics Centers
• Healthcare Companies
• Contract Research Organizations
• Contract Manufacturing Organizations
• Food and Feed Industries
• Others

Global Osmometers Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa