Data Analytics is fastest growing segment fueling the growth of Liquid Scintillation Analyzer Market


The global Liquid Scintillation Analyzer Market is estimated to be valued at US$ 1.41 Bn or Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

Liquid scintillation analyzer are used for detecting and quantifying radioactive isotopes that emits low energy beta particles. It finds application in medical and pharmaceutical research, environmental monitoring and testing, educational labs etc. due to the advantages it provides such as high sensitivity, ability to measure multiple samples simultaneously and quantify a wide range of isotopes.

Market key trends:

One of the key trends in the Liquid scintillation analyzer market is integration with data analytics software. Data generated from liquid scintillation analyzer is voluminous and complex. Integration with data analytic software helps in advanced visualization and analysis of the scintillation data. It facilitates better insights, informed decision making and improve efficiency. Data analytic software integrated liquid scintillation analyzer assist in automation of routine tasks, detect patterns andhidden insights, predict equipment maintenance needs and enhance overall productivity.

Segment Analysis

The Global Liquid Scintillation Analyzer Market Size is segmented by product into microplate scintillation counters, automatic liquid scintillation counters, and multi-purpose scintillation counters. The automatic liquid scintillation counters segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Automatic liquid scintillation counters are highly preferred by end-users as they provide fully automated sample processing with high sensitivity and counting accuracy. Their ability to process a large number of samples in a short period of time further contributes to their higher adoption compared to other product segments.

Key Takeaways

The global liquid scintillation analyzer market is expected to witness high growth, exhibiting a CAGR of 4.8% over the forecast period, due to increasing R&D investments in the pharmaceutical and biotechnology industries.

Regional analysis

North America dominated the global market in 2022 and is expected to continue to do so over the forecast period. Higher healthcare expenditure and increasing collaboration between research organizations and pharmaceutical companies are driving the adoption of liquid scintillation analyzer in the region. Asia Pacific is expected to be the fastest growing market owing to rising investments in basic research and expanding pharmaceutical industry in the region.

Key players
Key players operating in the liquid scintillation analyzer market are PerkinElmer, LabLogic Systems Ltd., Hidex Oy, Intertechnique, LabLogic Systems Limited, AMETEK Inc, Beckman Coulter Inc, Berthold Technologies GmbH & Co. KG, Bio-Rad Laboratories Inc., Hach. PerkinElmer dominates the market with its wide range of automatic and multi-purpose liquid scintillation analyzers catering to varying application requirements across industries.

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