Market Trends of Autosamplers Industry
This section covers the major market trends shaping the Autosamplers Market according to our research experts:
Pharmaceutical and Biotechnology Companies are Expected to Witness High Growth Over the Forecast Period
Autosamplers replace manual sampling and injection by automatically selecting a sample and inserting it into the inlets of the instrument. Factors driving the segment growth include the advantages of autosamplers in the companies and the growing importance of chromatography in drug approval. According to an article published by Rasayanika, in October 2020, chromatography techniques are used by the pharmaceutical industry for a variety of tasks, including identifying and analyzing samples for the presence of chemicals or trace elements, preparing large quantities of highly pure materials, separating chiral compounds, determining the purity of mixtures, identifying unknown compounds present, and also in drug development. According to Agilent Technologies, with the support of the highly adaptable High-performance liquid chromatography (HPLC) technique, (bio-)pharmaceutical researchers and production facilities can comprehensively characterize possible drug or treatment options and guarantee that the medications are produced securely and reliably. Thus, these features are expected to drive segmental growth in the market.
Moreover, with the increasing expenditure on R&D, this market in the pharmaceutical industry is expected to attain good growth over the forecast period. According to an article published by EP News Bureau, in February 2021, for companies investing in research for new treatments, chemical entities, or new biological entities to battle outbreaks, the government looked into a 200 percent weighted deduction and a special allocation for R&D in biopharmaceuticals. This increased foreign R&D investment even further. Such steps are investigated in upcoming grants or as a series of mini budgets supporting strategic development within a supportive regulatory environment. Advanced products by the key players are expected to promote segmental growth. For instance, ESI DX Autosamplers feature chemically inert construction and deliver contamination-free sampling for Thermo Scientific ICP-OES and ICP-MS instruments. Such product development by key players is expected to promote segmental growth in the market.
Therefore, the factors mentioned above are expected to drive segmental growth in the market during the forecast period.
North America is Expected to Dominate the Autosamplers Market
North America has dominated the global market studied, owing to the increased funding in R&D by the major market players, especially in the United States (U.S.). For instance, according to The State of U.S. Science and Engineering 2022, the United States spent USD 607.5 billion in R&D activity, with USD 101.1 billion (17%) of annual R&D spending classified as primary research. Similarly, the majority of R&D in the United States is funded by the business sector, and over 98% of that financing goes toward supporting commercial R&D activities. The second-largest source of R&D financing, accounting for around 21%, is the U.S. federal government, which funds research and development across all industries. The increase in funding for R&D in the U.S. is expected to drive the market.
Increasing product launches in the region are expected to drive the market in the region. For instance, in March 2022, Thermo Fisher Scientific launches a new GC/GC-MS instrument portfolio for increased efficiency. The GC/GC-MS instrument portfolio, including the new Thermo Scientific TRACE 1600 Series Gas Chromatograph, Thermo Scientific AI/AS 1610 Liquid Autosampler, Thermo Scientific ISQ 7610 Single Quadrupole GC-MS, and Thermo Scientific TSQ 9610 Triple Quadrupole GC-MS/MS, now features technological advances that enhance usability and productivity. Such product launches by various key players are expected to increase R&D investments into the pharmaceutical industry for drug discovery as well as production in the food & beverage industry, which in turn increased the demand for autosamplers in the region.
