Analytical Balance Market Share

  • Report ID: 5793
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Analytical Balance Market Share

North American Market Forecast

Analytical balance market in North America region is anticipated to hold the largest share of about 36% by the end of 2036. The regional growth is attributed to the research and development activities across diverse sectors such as pharmaceutical, chemical among others are driving the demand for precise analytical measurements. Countries such as United States and Canada are key contributors to market growth in the region. According to Innovation, Science and Economic Development, Canadian pharmaceutical business R&D expenditure in the year 2021 was USD 922 million. Moreover, regional market is also characterized by a competitive landscape with prominent key players including Mettler-Toledo and OHAUS Corporation offering precision weighing solutions. Factors such as advancement in technology, stringent regulations in industries like chemical and research, and the growing demand for accurate measurements stimulating the regional market.

European Market Analysis

The Europe analytical balance market is estimated to the second largest, share of about 29% by the end of 2036. The market’s expansion can be attributed to the collaboration between manufacturers and research institutions, along with a focus on sustainability with evolving needs of industries like pharmaceutical requiring accurate analytical measurements and their collaboration foster innovation, leading to better technologies that address the evolving need of laboratories and industries in Europe. According to KBV research, Germany comprises of one of the most prominent pharmaceutical industry in Europe. Revenues in pharmaceutical industry as a whole climbed by 5.7% in 2019. The pharmacy sector produced about 86% of revenues. Furthermore, the emphasis on sustainable practices and the integration of user-friendly features in analytical balance further boost the market in the region. In addition, there is ongoing commitment to precision and quality in scientific and industrial processes throughout the Europe region, which further boosting market growth.

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Author Credits:  Richa Gupta


  • Report ID: 5793
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increase adoption of automation, strict regulatory requirements and globalization of trade are the major factors driving the growth of the analytical balance market.

The market size of analytical balance is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024 -2036.

The major players in the market are Sartorious AG, Waters Corporation, OHAUS Corporation, Adam Equipment Inc. and others.

The top-loading balances segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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