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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Osmometers Market Size
The global osmometers market was valued at USD 117.6 million in 2023, with North America holding a significant market share. It is driven by the rising prevalence of chronic diseases and advancement in osmometry technology. The global market 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.
Key Takeaways
- In January 2023, a study published in Frontiers in Public Health projected the number of adults (aged 50 years or older) with at least one chronic disease to reach 142.66 million by 2050 in the United States. The rise in chronic disease burden is expected to impact market growth.
- The growing emphasis on the development of automated osmometers is expected to augment North America osmometers market share. In July 2022, Advanced Instruments, LLC, introduced the OsmoPRO MAX Automated Osmometer, a freezing point osmometer designed to deliver higher productivity through automation in clinical laboratories.
- The United States President's 2024 budget proposal revealed a USD 210 billion investment in federal research and development (R&D), with more than USD 100 billion reserved for basic and applied research. The increased government funding is likely to drive higher demand for osmometers in research settings.
North America Osmometer Market Report Snapshots
North America Osmometer Market Size
North America Osmometer Market Analysis
North America Osmometer Companies
*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 North America osmometers market is expected to be driven by the rising demand for the global osmometer 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 healthcare expenditure are fuelling the demand for the market.
One of the significant trends in the market is the launch of technology-advanced osmometers. In July 2022, Advanced Instruments, LLC, introduced the OsmoPRO MAX Automated Osmometer, a freezing point osmometer designed to deliver higher productivity through automation in clinical laboratories.
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 osmometers include clinical, pharmaceutical, and biotech, among others.
The market segmentation by countries includes the United States of America and Canada.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124