Osmometers Market Share, Size, Trends, Industry Analysis Report, By Type (Freezing Point Osmometers, Vapor Pressure Osmometers, and Membrane Osmometers); By Sampling Capacity; By End-Use; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jun-2023
- Pages: 119
- Format: PDF
- Report ID: PM3293
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global osmometers market was valued at USD 92.30 billion in 2022 and is expected to grow at a CAGR of 4.1% during the forecast period. The significant increase in the number of research & development activities and surging clinical and biopharmaceutical labs along with the increasing burden of several types of diseases and demand for well-advanced and equipped clinical laboratories for improved outcomes are primary factors fueling the global market growth.
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In addition, rising penetration for advanced laboratory equipment for accurate analysis and results and high focus of market players on R&D activities to innovate new features and solutions for their product offerings, are also impacting the market growth in a positive way.
For instance, in July 2022, Advanced Instruments, announced the launch of its new Automated Osmometer named “OsmoPRO MAX” to improve the lab productivity. The new instrument provides several benefits including increased efficiency, simplified osmolality testing workflow, automatic data upload capability, and continuous loading of samples into their primary tubes.
Moreover, utilization of osmometers in the treatment of the electrolyte problems including hyperglycemia, that are basically defined by low blood salt and excessive blood sugar has grown drastically and gained significant traction in the recent years. Additionally, growing adoption of sedentary & unhealthy lifestyles, antimicrobial resistance, alcohol consumption, and smoking, is further resulting in increased usage of product around the world.
The outbreak of the COVID-19 pandemic has positively impacted the growth of the Osmometers market. The emergence of the deadly virus across the globe has resulted in increased need for osmometers, as it helps in the diagnosis of hyponatremia. However, the rapid spread of the pandemic, has forced countries to impose several stringent regulations on mass movements and business operations, that has halted clinical studies all over the world.
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Industry Dynamics
Growth Drivers
The increasing demand for the freezing point & surging focus on the products that offers better analytical performance and ease of use across wide range of settings especially for measuring the osmotic strength & high product usage in clinical lab tests of plasma, urine, & widespread adoption of the innovative technology across medical industry are major factors expected to boost the demand and growth of the osmometers market.
Furthermore, rising healthcare spending and continuously growing demand for innovated and advanced laboratory equipment for getting accurate results in quick time coupled with the growing disease prevalence and need for well-equipped clinical laboratories around the world are also likely to contribute positively towards the global market growth in the coming years.
Report Segmentation
The market is primarily segmented based on type, sampling capacity, end-use, and region.
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By Type |
By Sampling Capacity |
By End-Use |
By Region |
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Freezing point type segment accounted for the largest market share in 2022
These types of osmometers are gaining significant popularity and traction due to its high effectiveness and widespread use in variety of medical settings like clinical chemistry, control labs, pharmaceutical production, and drug manufacturing. Moreover, the product is being widely adopted over the other types of osmometers available in the market because of its quick and affordable measurements and highly suited for diluted biological and aqueous solutions.
The membrane osmometers segment is likely to grow at substantial growth rate during the projected period, which is mainly driven by its ability to provide good colloidal solution performance, no sample concentration restrictions, and easily calculate the weight of macromolecules along with this, the product is gaining significant adoption as an alternative to the freezing point and vapor pressure osmometers worldwide.
Multi-sample segment is expected to witness highest growth over the study period
Multi-sample segment is anticipated to grow at a high CAGR during the anticipated period, on account of continuously growing advancements such as the development of innovative and new multi-purpose osmometers for laboratories performing osmolality testing while offering wide range of automation benefits. Additionally, major manufacturers of these types of osmometers are highly focusing on introducing benefits including integrated 2D barcode scanners, intuitive software control, and touch screen operation, which in result, propelling the demand and growth of the segment market in the near future.
Single-cell osmometers segment held majority of the share, which is highly attributable to its wide utilization in numerous applications including RNA therapeutics, drug formulations, buffer concentrates, & gene therapy applications. In addition, the development of the manufacturing processes, fabrication of the injectable solutions, and creation of biological medicines, are further anticipated to boost the demand for the segment.
Laboratory & diagnostics centers led the industry
The laboratory & diagnostics center segment led the industry with significant market revenue share, which is mainly driven by growing emphasis for the products that offers improved analytical performance and usability along with the increase in the number of innovations and new product releases result in market expansion. Moreover, growing prevalence of integration these products among laboratories, as it enables laboratories to comfortably address issues through providing instantaneous or monthly reports, are also projected to fuel the demand for the product in the segment market.
The healthcare companies’ segment is expected to expand at fastest growth rate over the projected period, on account of growing applications of osmometers in biotechnology industry including cell line development, gene therapies, cell therapies, personal care, vaccines, and many others. Additionally, in order to provide the quality check and process control mainly in the production of biologics and research, osmometers are becoming increasingly prevalent within several healthcare organizations, which is propelling the growth of the market at rapid pace.
North America region dominated the market in 2022
The North America region garnered the largest revenue share. The regional market growth can be largely attributed to growing penetration for favorable reimbursement environment, robust presence of major market players, and significant government investments for the innovation and development in cutting-edge medical devices. Moreover, presence of well-developed countries like US and Canada, high levels of consumer disposable income, increased healthcare spending, and easy availability of skilled workers are other factors influencing the market growth in the region.
Asia Pacific region is expected to be the fastest growing region with a considerable growth rate over the coming years, due to extensive rise in the incidences of various types of chronic diseases, rising geriatric population, and continuous expansion of the medical infrastructure in countries like India, Indonesia, China, and South Korea along with increasing efforts by both private and government organizations to promote the adoption and use of safer and cost-effective healthcare solutions. According to the International Diabetes Federation, the country has the largest number of people living with diabetes in the world with over 77 million, and it is projected to reach around 134 million by 2045.
Competitive Insight
Some of the major players operating in the global osmometers market include Advanced Instruments, Precision Systems, Nova Biomedical, KNAUER Wissenschaftliche Gerete, Labtek Services, ELITechGroup, ASTORI TECNICA, Merck, MATACHANA, Anderson Sterilizers, Cosmed Group, E-BEAM Services, Sotera Health, Getinge, Steris, Cardinal Health, and MMM Group.
Recent Developments
- In September 2022, Trukera, announced the launch of its “ScoutPro Osmolarity System”. The newly developed system is an exciting technology that brings nano-liter sample collection & analysis into single portable devices. Users easily bring the laboratory testing to the patients anywhere to quickly test & provide results in hand.
- In August 2021, Advanced Instruments acquired Solentim. With this partnership, both companies will focus on enhancing technical capabilities like imaging, automation expertise, and AI capabilities.
Osmometers Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 95.99 billion |
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Revenue forecast in 2032 |
USD 137.69 billion |
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CAGR |
4.1% from 2023– 2032 |
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Base year |
2022 |
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Historical data |
2019– 2021 |
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Forecast period |
2023– 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Sampling Capacity, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Advanced Instruments, Precision Systems Inc., Nova Biomedical, KNAUER Wissenschaftliche Gerete GmbH, Labtek Services Ltd., ELITechGroup Inc., ASTORI TECNICA, Merck KGaA, MATACHANA GROUP, Anderson Sterilizers, Cosmed Group, E-BEAM Services Inc., Sotera Health, Getinge AB, Steris, Cardinal Health, and MMM Group. |
FAQ's
The osmometers market report covering key segments are type, sampling capacity, end-use, and region.
Osmometers Market Size Worth $137.69 Billion By 2032.
The global osmometers market expected to grow at a CAGR of 4.1% during the forecast period.
North America is leading the global market.
key driving factors in osmometers market are increasing the use of osmometers in clinical, and biopharmaceutical labs.
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