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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Osmometers Market Size
The global osmometers market was valued at USD 117.6 million in 2023, with Europe holding a significant market share. The market is driven by the advancements in osmometer technology and rising investments in life science research. It is expected to grow at a CAGR of 13.2% during the forecast period of 2024-2032, with the values likely to attain USD 361 million by 2032.
Europe Osmometers Market Outlook
- The UK BioIndustry Association (BIA ) revealed that the United Kingdom’s biotech industry secured EUR 1.8 billion in equity financing in 2023. The rising investment in the life sciences and biotech sectors fuels the adoption of innovative laboratory equipment, which is expected to augment market demand.
- The Europe osmometers market share is significantly impacted by the increasing advancements in the osmometer technology. In September 2022 , global in-vitro diagnostic company Trukera Medical launched the ScoutPro Osmolarity System, a portable osmometer designed to allow eye care practices an easy integration of osmolarity testing and reduce tech time.
- One of the major market trends is the growing preference for freezing point osmometers in quality control labs, pharmaceutical operations, and clinical chemistry due to their ability to deliver rapid and accurate results even with small sample sizes.
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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