North America is expected to dominate the surface analysis market over the forecast period due to the well-established healthcare infrastructure and rising investments in the pharmaceutical industry. The rising government support for the research & development of nanotechnology also contributes significantly to surface analysis industry growth. According to the budget of the U.S. government, around USD 1.4 billion was allocated for the National Nanotechnology Initiative (NNI). These investments helped in accelerating the adoption of nanotechnology across the country. The presence of major surface analysis solution providers, such as Danaher Corporation, Thermo Fisher Scientific, Inc., and FEI Company in the region, is also fueling the market growth. The early adoption of advanced microscopy techniques in the region has enabled the adoption of surface analysis technology across the region.
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The APAC surface analysis market is expected to grow rapidly over the forecast period due to favorable government policies for research & development in the pharmaceutical industry in developing countries including India and China. For instance, India’s Ministry of Health and Family Welfare increased the fund allocation for the pharmaceutical sector by 13.1% to USD 8.98 billion in the Union Budget 2019-20. The local state governments in India are also focusing on research & development in the pharmaceutical sector.
Surface Analysis Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025 for the following segments:
Surface Analysis Market, Instrumentation Technology, 2014-2025 (USD Million)
- Optical Microscopy
- Electron Microscopy
- Scanning Probe Microscopy
- Confocal Microscopy
- X-Ray Diffraction
- Surface Analyzers
By Application, 2014-2025 (USD Million)
- Life Sciences
- Metallurgy and Minerals
- Food and Beverages
- Paper and Packaging Industry
By End User, 2014-2025 (USD Million)
- Academic Institutes
- Research Organizations
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The companies are focusing on the development of the new products to gain a competitive advantage over their competitors. For instance, in September 2017, Thermo Fisher launched a new multi-technique surface analysis system. This new product helped the company in integrating multiple analytical techniques into a single compact and fully automated surface analysis instrument. The other market players operating in surface analysis market are Danaher Corporation, Thermo Fisher Scientific, Inc., Bruker Corporation, FEI Company, HORIBA, Ltd., JEOL, Ltd., Olympus Corporation, ULVAC-PHI, Nikon Corporation, Carl Zeiss AG, and Shimadzu Corporation.
Surface analysis helps in the rapid development of pharmaceutical products by providing valuable insights to spatial roughness of excipients for pharmaceutical coating technologies. The advancements in surface analysis technology helps in mapping the surface chemistry at a high spatial resolution, helping in the development of the drug delivery system. The high costs associated with the implementation of surface analysis techniques can be a big restraint to market growth. The stringent government taxation policies, such as 2.3% of excise imposed by the U.S. government on medical devices including microscope, will also hamper surface analysis market growth.
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