Colorimeters Market Scenario
The colorimeters market is expected to grow significantly over the forecast period. It held a value of USD 90.5 million in 2017 and is projected to register a CAGR of 4.6% over the forecast period. The colorimeter is a device used for detecting color and determine the concentration of a given sample. This instrument is widely used in clinical diagnostics labs, pharmaceutical companies, research institutes, and other end users for various purposes.
Factors such as increasing dental diseases and increasing awareness about dental aesthetics are expected to drive the growth of the market. However, the lack of skilled professionals is likely to hamper market growth over the forecast period.
Colorimeters Market Segmentation
The global colorimeters market has been segmented into product type, end user, and region.
Based on product type, the colorimeters global market is segmented into digital colorimeter and manual colorimeter. The digital colorimeter segment accounted for the largest share of the market in 2017.
Based on end user, the colorimeters global market is segmented into clinical diagnostics labs, pharmaceutical companies, research institutes, and others. The clinical diagnostics labs segment accounted for the largest share of the market in 2017.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The market in the Americas is further segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The colorimeters market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East and Africa is segmented into the Middle East and Africa.
Colorimeters Regional Market Summary
Colorimeters Global Market Share (%), by Region, 2017
Source: Annual Reports and Sec filings
Geographically, the Americas is anticipated to dominate the global colorimeters global market owing to a well-established player, increasing dental diseases, and increasing awareness about dental aesthetics.
Europe is expected to hold the second largest position in the colorimeters global market. The market growth in this region is attributed to increasing awareness about dental aesthetics.
The colorimeters market in the Asia-Pacific region consists of countries, namely, China, Japan, the Republic of Korea, India, Australia, and the rest of Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing region.
The Middle East and Africa has the least share of the colorimeters market.
Global Colorimeters Market, by Product Type
- Digital Colorimeter
- Manual Colorimeter
Global Colorimeters Market, by End User
- Clinical Diagnostics Labs
- Pharmaceutical Companies
- Research Institutes
Global Colorimeters Market, by Region
- North America
- Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Zfx GmbH (Germany)
- Merck KGaA (Germany)
- VITA Zahnfabrik (Germany)
- The Tintometer Ltd (UK)
- MHT Optic Research AG (Switzerland)
- Colorimeters’ Manufacturers and Vendors
- Research Organizations
- Various Research and Consulting Firms
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2017: USD 90.5 million
Value (USD Million)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Product Type, End User and Region
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Zfx GmbH (Germany), Merck KGaA (Germany), VITA Zahnfabrik (Germany), The Tintometer Ltd (UK), MHT Optic Research AG (Switzerland)
Key Market Opportunities
Clinical Diagnostics Labs, Pharmaceutical Companies and Research Institutes
Key Market Drivers
Increasing dental diseases and increasing awareness