Discrete Analyzers Market is expected to reach US$ 2.6 Billion by 2033

According to Future Market Insights’ latest industry analysis, the market size for the global discrete analyzers market is expected to reach US$ 1.5 Billion in 2023. It is projected to exhibit growth at a CAGR of 5.2% over the forecast period, with an estimated market size of ~US$ 2.6 Billion in 2033.

High levels of air pollution and nutrient discharges from agriculture and wastewater continue to harm ecosystems, reduce agricultural production, and cause eutrophication and acidification. It is anticipated that pollution will significantly rise over the ensuing decades that directly affects human health and has an impact on ecosystems, soil, water, and air. Thus, increasing pollution will grow the demand for discrete analyzers in the market.

Cross-contamination and detection issues caused by frequent washing and reuse of cuvettes or by cleaning the liquid channel inside a flowcell are eliminated when using disposable cuvettes. This advantage of discrete analyzers results in the high usage of discrete analyzers.

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The government’s goal is to broaden the scope of pollution monitoring, not to replace or displace current laboratories. The discrete analyzer technique will contribute to expanding the reach of environmental laboratories.

Companies involved in the global discrete analyzers market are actively working to improve their competitiveness through new product introductions, business expansion, regulatory clearances, partnerships, and agreements with both established and emerging competitors.

Acquisitions and mergers significantly accelerate a manufacturer’s ability to capture a significant share of the market. Some of the recent instances of this trend are:

Key Takeaways from Market Study

• Discrete analyzers system held a 47.6% market share in the product segment of the global discrete analyzers market in 2022, owing to excellent product quality and accuracy.
• Bench top discrete analyzers accounted for 77.4% of the global market share in the modality segment of the global discrete analyzers market in 2022. This is because these analyzers perform different tests quickly on a variety of samples.
• Environmental testing labs segment held a share of 35.3% of the end-user category of the global discrete analyzers market in 2022, due to the serious global contamination incidents.
• North America held a market share of 35.4% in 2022, owed to the high prevalence of waterborne diseases.

“Increasing Prevalence of Water Borne Diseases and the Advancements in Terms of Technology used in Water Quality Monitoring is set to Propel Sales of the Discrete Analyzers Market across the Globe,” says an analyst of Future Market Insights.

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Market Competition          

The discrete analyzers market is highly fragmented because of the large number of players in the market both local and international. There is a broad range of products that can be categorized under the discrete analyzers market, making it a broad market. The strategies that are majorly followed by the key players of the discrete analyzers market include product launches and expansions.

• In August 2022, Abbott Laboratories, a major US provider of medical technology, is investing 440 million euros in Ireland to create new jobs in Donegal and a sizable new manufacturing facility in Kilkenny.
• In Jan 2020, the suPARnostic® TurbiLatex product from ViroGates received regulatory approval (CE-IVD) for use with Siemens Healthineers’ ADVIA® Chemistry XPT System. The suPARnostic® TurbiLatex solution from ViroGates is now available for clinical regular usage in hospitals using ADVIA XPT systems.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the discrete analyzers market in its latest study, presenting a historical demand assessment of 2017 to 2022 and projections for 2023 to 2033. The global discrete analyzers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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Key Market Segments Covered in Discrete Analyzers Industry Research

Product:

• Discrete Analyzer System
  • <140 Tests Capacity
  • 150-200 Tests Capacity
  • 201-450 Tests Capacity
  • 451-600 and more Tests Capacity
• Consumables
  • Cuvettes
  • Reagents
  • Coils
• Software

Modality:

• Standalone discrete Analyzers
• Bench Top Discrete Analyzers

End User:

• Waste Water Plants
• General Testing Labs
• Environmental Testing Labs
• Agriculture and Food Testing Labs
• Pharmaceutical Companies
• Government and Academic Institutes and Laboratories
• Contract Research Organization

About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

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