Market Overview:
The global microbalance market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for microbalances in laboratory, hospitals, and companies applications. Additionally, the growing demand for ultra-microbalances is also contributing to the growth of this market. However, factors such as high cost and lack of awareness are restraining the growth of this market. On the basis of type, the global microbalance market is segmented into ultra-microbalances and microbalances.
Product Definition:
A microbalance is an instrument that is used to measure the mass of very small objects. The importance of microbalances is that they allow scientists to accurately measure the masses of very small particles.
Ultra Micro Balances:
Ultra-microbalances are the most accurate analytical balance systems available in the market. They have a capacity of weighing withing 0.1 mg accuracy and up to 100 g sample weight. These ultra-microbalances are used for industries such as pharmaceutical, food & beverage, research institutes, biotechnology companies among others where high precision analytical instruments are required.
Micro Balances:
Microbalances are instruments used for weighing small quantities of chemicals and materials. They are balance devices with a very small weight on the pan or bowl that is used to measure extremely tiny amounts such as nanograms or grams. Microbalances can be used in laboratories, quality control departments, research institutes and educational institutions among others.
Application Insights:
The companies segment held the largest market share in 2017. Companies are adopting various strategies such as mergers & acquisitions and internal growth to achieve economies of scale. The Hospitals segment is expected to grow at a significant rate over the forecast period owing to increasing investments by hospitals in advanced technologies for patient safety and healthcare delivery systems.
Microbalance laboors have been installed in hospitals, medical research laboratories, clinical testing centers, pharmaceutical companies and other organizations involved in bio-distribution activities such as food processing facilities among others. These factors are anticipated to contribute significantly towards revenue generation during the forecast period.
Laboratories mainly perform balance tests on samples taken from patients for diagnosis or evaluation of disease progression or response to treatment procedures performed by doctors during an examination or interview conducted with them regarding their health conditions (Medical Microbiology).
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for laboratory testing services, rising number of manufacturing facilities, and rapid industrialization & urbanization. In addition, Asia Pacific has one of the largest populations in need of medical assistance which will further boost product demand.
The Latin American regional market is anticipated to witness significant growth over the forecast period owing to factors such as economic development & expansion of pharmaceutical industry coupled with an increase in healthcare expenditure by governments as well as individuals resulting into a rise in demand for diagnostic products such as balances. Moreover, growing awareness about health hazards due to poor hygiene & sanitation conditions at hospitals and laboratories will drive microbalance market growth during the forecast period.
Europe was estimated at USD X million in 2017 owing high usage rates observed across countries like Germany (99%+ accuracy), U.K.
Growth Factors:
- Increasing demand from pharmaceutical and biotechnology industries for Microbalance products for R&D and quality control purposes.
- Growing popularity of microscale analysis in academic research laboratories.
- Proliferation of micro-manufacturing and nanotechnology-based products that require precision weighing capabilities.
- Advances in digital signal processing (DSP) technology that have made microbalances more sensitive and accurate than ever before.
Scope Of The Report
Report Attributes
Report Details
Report Title
Microbalance Market Research Report
By Type
Ultra Micro Balances, Micro Balances
By Application
Laboratory, Hospitals, Companies, Others
By Companies
Mettler-Toledo, Sartorius AG, Citizen Scales, RADW, Scientech, CI Precision, Contech Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Microbalance Market Report Segments:
The global Microbalance market is segmented on the basis of:
Types
Ultra Micro Balances, Micro Balances
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratory, Hospitals, Companies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mettler-Toledo
- Sartorius AG
- Citizen Scales
- RADW
- Scientech
- CI Precision
- Contech Instruments
Highlights of The Microbalance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultra Micro Balances
- Micro Balances
- By Application:
- Laboratory
- Hospitals
- Companies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microbalance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microbalance is a term used to describe the delicate balance between two opposing forces. In physics, microbalance is often used to describe the equilibrium of fluids in containers.
Some of the major companies in the microbalance market are Mettler-Toledo, Sartorius AG, Citizen Scales, RADW, Scientech, CI Precision, Contech Instruments.
The microbalance market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microbalance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Microbalance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microbalance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Microbalance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Microbalance Market Size & Forecast, 2018-2028
4.5.1 Microbalance Market Size and Y-o-Y Growth
4.5.2 Microbalance Market Absolute $ Opportunity
Chapter 5 Global Microbalance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Microbalance Market Size Forecast by Type
5.2.1 Ultra Micro Balances
5.2.2 Micro Balances
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microbalance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Microbalance Market Size Forecast by Applications
6.2.1 Laboratory
6.2.2 Hospitals
6.2.3 Companies
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microbalance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Microbalance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Microbalance Analysis and Forecast
9.1 Introduction
9.2 North America Microbalance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Microbalance Market Size Forecast by Type
9.6.1 Ultra Micro Balances
9.6.2 Micro Balances
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Microbalance Market Size Forecast by Applications
9.10.1 Laboratory
9.10.2 Hospitals
9.10.3 Companies
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Microbalance Analysis and Forecast
10.1 Introduction
10.2 Europe Microbalance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Microbalance Market Size Forecast by Type
10.6.1 Ultra Micro Balances
10.6.2 Micro Balances
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Microbalance Market Size Forecast by Applications
10.10.1 Laboratory
10.10.2 Hospitals
10.10.3 Companies
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Microbalance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microbalance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Microbalance Market Size Forecast by Type
11.6.1 Ultra Micro Balances
11.6.2 Micro Balances
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Microbalance Market Size Forecast by Applications
11.10.1 Laboratory
11.10.2 Hospitals
11.10.3 Companies
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Microbalance Analysis and Forecast
12.1 Introduction
12.2 Latin America Microbalance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Microbalance Market Size Forecast by Type
12.6.1 Ultra Micro Balances
12.6.2 Micro Balances
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Microbalance Market Size Forecast by Applications
12.10.1 Laboratory
12.10.2 Hospitals
12.10.3 Companies
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Microbalance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microbalance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Microbalance Market Size Forecast by Type
13.6.1 Ultra Micro Balances
13.6.2 Micro Balances
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Microbalance Market Size Forecast by Applications
13.10.1 Laboratory
13.10.2 Hospitals
13.10.3 Companies
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Microbalance Market: Competitive Dashboard
14.2 Global Microbalance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mettler-Toledo
14.3.2 Sartorius AG
14.3.3 Citizen Scales
14.3.4 RADW
14.3.5 Scientech
14.3.6 CI Precision
14.3.7 Contech Instruments
