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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Osmometers Market Analysis
Osmometers measure the osmolality of a liquid sample and are widely used in biopharmaceutical and clinical labs. Freezing point osmometers and vapor pressure osmometers are some of the commonly available osmometers in the market. Recent market trends indicate that freezing point osmometers are the industry-preferred solution in quality control labs, pharmaceutical operations, and clinical chemistry due to their ability to deliver rapid and accurate results even with small sample sizes. Further, the rising prevalence of chronic diseases such as diabetes and renal disorders which necessitates regular monitoring of body fluid osmolality is expected to propel the Europe osmometers market growth.
Europe's strong emphasis on research and development activities significantly contributes to the rising innovations in the global osmometer market . Moreover, the rapid growth of the life sciences and biotech sectors in the region fuels the adoption of advanced laboratory equipment including osmometers. The UK BioIndustry Association (BIA ) revealed that the United Kingdom’s biotech industry secured EUR 1.8 billion in equity investment in 2023. The substantial financing reflects the growing interest in life science technologies which is likely to augment the need for osmolality testing devices in biopharmaceutical labs, thereby leading to increased Europe osmometers market demand in the coming years.
The market share is also influenced by rising advancements in the osmometer technology, reinforcing the adoption of these lab instruments in clinical settings. In September 2022, Trukera Medical, a global in-vitro diagnostic company specializing in ophthalmic devices, launched ScoutPro Osmolarity System, a portable osmometer designed to allow eye care practices an easy integration of osmolarity testing and reduce tech time. The system offers nanoliter volume sample collection along with analysis in a single device and is expected to improve corneal health and refractive outcomes. The rising introduction of such products in healthcare facilities is poised to elevate the market value in the forecast period.
Europe Osmometers Market Report Snapshots
Europe Osmometers Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Europe osmometers market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 13.2% during the forecast period of 2024-2032 and is likely to reach a market value of USD 361 million by 2032.
The growing prevalence of chronic diseases and the rising investment in the biotechnology sector are fuelling the demand for the market.
One of the significant trends in the market is the rising advancements in the osmometer technology. In September 2022, Trukera Medical launched the ScoutPro Osmolarity System, a portable osmometer that facilitates an easy integration of osmolarity testing and reduces tech time.
Based on the sampling capacity, the market is segmented into single sample and multi sample.
By type, the market is divided into freezing point, vapour pressure, and membrane, among others.
End users of the market are laboratory and diagnostics centers, healthcare companies, contract manufacturing organizations, and food and feed industries, among others.
Major applications of the osmometer include clinical, pharmaceutical, and biotech, among others.
The market segmentation by countries includes the United Kingdom, Germany, France, and Italy, among others.
The key players in the market are Nova Biomedical, ASTORI TECNICA, KNAUER Wissenschaftliche Gerete GmbH, Ratiolab, Labtek Services Ltd., Advanced Instruments, ELITechGroup Inc., Precision Systems Inc., and ARKRAY Inc.
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