The latest research study “Osmometers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global osmometers market size reached US$ 78.7 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 96.8 Million by 2027 exhibiting a CAGR of 3.20% during 2022-2027.
Industry Definition and Application:
An osmometer is an analytical device used for measuring osmotic pressure. It measures the concentration of particles dissolved in numerous solutions, colloids, fluids, plasma, and other compounds. Some commonly available osmometers include vapor pressure, freezing point, and membrane osmometers. They are utilized to detect the osmotic strength of a solution, decide the concentration of osmotically active particles, and measure the difference in osmotic pressure between a solution and a pure solvent. They are also easy to use, efficient, and helpful for timely diagnosis. As a result, osmometers are widely adopted in diagnostic centers, clinical studies, laboratories, and hospitals across the globe.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
Osmometers Market Trends and Drivers:
The market is primarily driven by the increasing use of osmometers for diagnostic purposes, cell culture research, drug discovery, and quality control applications in the healthcare sector. In addition, the widespread adoption of osmometers to measure the osmolality of body fluids, including urine, blood, serum, plasma, and cerebrospinal fluid, and determine metabolic function is contributing to the market growth. Moreover, the growing prevalence of chronic diseases and the sudden outbreak of the coronavirus disease (COVID-19) has escalated the demand for modern and enhanced clinical laboratories to provide improved clinical outcomes, better patient treatment, and accurate analysis, which represents another major growth-inducing factor.
Besides this, the expanding medical infrastructure and the rising government and private sector investments to encourage the use of economical and safer healthcare solutions are providing a thrust to market growth. Also, The marker is further propelled by the introduction of multiple-sample micro osmometers to help increase production and provide fast and accurate osmolality test results. Furthermore, the growing geriatric population and the extensive research and development (R&D) activities conducted by key players are also creating a positive market outlook across the globe.
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List of Major Key Players:
- Advanced Instruments LLC
- ARKRAY Inc.
- KNAUER Wissenschaftliche Geräte GmbH
- LABTEK Services Ltd.
- Löser Messtechnik
- Nova Biomedical Corporation
- Precision Systems Inc.
- Astori Tecnica s.r.l.
- ELITech Group SAS
The report has segmented the market on the basis of region, product type, sampling capacity, application and end user.
Breakup by Product Type:
- Freezing Point Osmometers
- Vapor Pressure Osmometers
- Membrane Osmometers
Breakup by Sampling Capacity:
- Single-Sample Osmometers
- Multi-Sample Osmometers
Breakup by Application:
- Pharmaceutical and Biotech
Breakup by End User:
- Laboratory and Diagnostic Centers
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