Market Trends of PH Meters Industry
The Benchtop pH Meter Segment is Expected to Hold the Significant Market Share During the Forecast Period
Benchtop pH meters cover various measurements, including pH, conductivity, ion, oxidation-reduction potential (ORP), and dissolved oxygen in a laboratory or near production setting. The rising technological advancements and increasing strategic activities, such as product launches, are expected to drive the market during the forecast period.
The growing technological advancements are also expected to drive the market during the forecast period. For instance, in November 2022, HORIBA Advanced Techno Co. Ltd, in collaboration with Mie University, launched an innovative device named a Gel-filled Self-Cleaning pH Electrode that uses antifungal technology. Hence, such technological advancements are expected to increase the demand for pH meters, ultimately driving the market during the forecast period.
The increasing strategic activities, such as product launches, are also expected to drive the market during the forecast period. For instance, in November 2022, Thermo Fisher Scientific, a provider of analytical instruments and life sciences solutions, launched Eutech 1700 Series Bench Meters. These instruments help accurately measure pH, conductivity, and dissolved oxygen. Hence, such product launches are expected to drive the market during the forecast period.
Hence, increasing technological advancement and strategic activities such as product launches are expected to drive the segment revenue during the forecast period.
North America is Expected to Hold the Significant Market Share During the Forecast Period
The pH meter market in North America is expected to witness a significant market share in the global market. This is due to the well-developed healthcare infrastructure, rising research and development activities, and increasing technological advancements in pH meters.
The pH meters play a crucial role in the drug discovery process. pH meters are essential for preparing buffers, reagents, and culture media with precise pH levels for various experiments and analyses in clinical laboratories. Hence, the increase in research and development activities in the country increases the demand for pH meters, ultimately driving the market during the forecast period.
The increasing investments in research and development activities boost the utilization of pH meters in various research projects, further driving the market. For instance, in the United States, the National Institute of Health (NIH) invested USD 8,078 million in 2023 compared to 7,635 million in 2022 for its research activities associated with cancer. Hence, such huge investments in research and development of cancer therapeutics increase the preparation of various cell lines in which pH meters are used. Thus, the high utilization of pH meters in research and development is expected to drive the market.
Also, the growing advancements in pH meters are expected to increase the demand for these devices and drive the market in the region. For instance, in January 2022, Metrohm USA launched a laboratory version of the 913 pH Meter. This portable pH meter has a built-in battery pack and two galvanically isolated pH measuring inputs. Hence, such technologically advanced products are expected to increase the demand for pH meters and drive the market during the forecast period.
Thus, the regional market is expected to witness significant growth during the forecast period due to the above-mentioned factors, such as the increasing research and development activities and growing advancements in pH meters.
