Vapor Sorption Analyzers Market Growth, Size | Forecast 2032

Report Description

Vapor Sorption Analyzers Market Outlook

The global vapor sorption analyzers market was estimated at USD 24.5 Million in 2022 and is anticipated to reach USD 34.27 Million by 2031, expanding at a CAGR of 3.8% during the forecast period.

A vapor sorption analyzer (VSA) is an equipment used to measure the amount and rate of the interaction of a gas or vapor with a material. It is commonly used to study the physical properties of materials, primarily in regards to their behaviors with various vapors.  This sort of analysis is critical in industries such as pharmaceuticals, construction, and food, where reactions of the materials to humidity or various chemicals significantly affect their quality and usability.  Furthermore, through the use of dynamic vapor sorption (DVS) methods such an analyzer yield valuable data on the kinetic properties of a material. Thus, VSAs play a valuable role in research and quality control applications, where they provide crucial data on material behaviors under various atmospheric conditions.

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Macro-economic Factors

Research & Development Spending

In the biopharmaceutical industry, research and development (R&D) provides the foundation for innovative drugs. A strong R&D program supported by technological advancements ensures sustainability in the market. Roche was at the top of the list of pharmaceutical companies that spent the most on research and development in 2022. The company spent 30.85% of its revenue on research, a considerable increase from 27.1% in the previous year. The Belgian multinational UCB allocated 30.27% of its revenue to research and development in 2022. Being the first top-tier pharmaceutical company to cross the 30% mark in 2021 makes it a noteworthy achievement for the company. In 2022, well-known big pharma companies such as Novartis, AstraZeneca, and Merck & Co. continued to spend consistently on research and development. Lilly bucked the trend, increasing its research and development spending from USD 7 billion in 2021 to USD 7.19 billion in 2022. Therefore, its R&D expenditure as a proportion of revenue increased from 24.8% to 25.19%. The demand for vapor sorption analyzers is driven by rising R&D expenditures in various industries, including pharmaceuticals. Vapor sorption analyzers are in high demand due to the growing need for moisture analysis in industries such as pharmaceuticals, where moisture content directly affects the stability and quality of drugs.

Industrial Production

Vapor sorption analyzers are typically used in industries such as pharmaceuticals, material sciences, chemicals, and environmental monitoring. In the pharmaceuticals industry, vapor sorption analyzers are crucial for studying the interaction of drugs with moisture, which is essential for ensuring product stability and shelf life. In material sciences, these analyzers help researchers understand how materials absorb and release moisture, which is important for developing products with specific properties. During periods of strong industrial production, companies operating in these industries increase their research & development efforts, leading to a high demand for analytical instruments such as vapor sorption analyzers.

Vapor Sorption Analyzers Market Dynamics

Market Driver- Increasing Demand for Vapor Sorption Analyzers in Pharmaceutical Industry

Globally, the pharmaceutical industry spent over USD 244 billion on research and development in 2022. Conversely, USD 137 billion were spent on research and development in 2012. Pharmaceutical R&D includes all steps from the initial research of disease processes, the compound testing over pre-clinical, and all clinical trial stages. At a specific stage of the procedure, usually in the pre-clinical stage, a government authority is involved to overview, regulate, and eventually approve the drug. In the US, the Food and Drug Administration is the principal agency associated with processes. In 2023, more than 5,500 pharmaceutical companies had ongoing R&D pipelines. More than 21,000 drugs were in the global R&D pipeline in 2023. Continued growth of the industry depends on the discovery of novel drugs and the advancement of existing ones.

Materials in the pharmaceutical industry come into the contact with water in a variety of ways such as during the manufacturing processes, including wet granulation, spray drying, or crystallization. Pharmaceutical raw materials or final products are frequently exposed to an environment containing water vapor during storage and transportation, which results in interactions between solids and water. Hence, the market for vapor sorption analyzers is expanding, due to the increasing demand for moisture analysis in the industries such as pharmaceuticals, where moisture content has an immediate impact on the stability and quality of medications.

Market Driver- Advancements in Material Science

Vapor sorption analyzers are used in the material science industry to assist with characterizing materials such as zeolites, clays, polymers, and packaging materials. They are particularly useful in determining the porosity and surface characteristics of these materials. Three distinct material characteristics are found using these analyzers. They are used to gather information on a material surface, including its surface area, porosity, the distribution of pore sizes, and solubility or the degree to which water dissolves in solid-state materials. Vapor sorption analyzers are extensively being used in materials research, particularly in studies using nanomaterials such as carbon nanotubes and graphene, which are becoming significantly employed in academic and industrial laboratories. For instance, Germany holds a key share of the nanotechnology industry in Europe, as it is home to around half of Europe's nanotechnology companies. With R&D expenditures amounting to 10% of total turnover, nanotechnology is one of the innovative technology industries in Germany.

Germany-based companies manufacture products in the areas of nanomaterials, nano analytics, nanotools, and nanotools accessories such as vacuum & cleanroom technology and plasma sources. These companies offer services in the areas of consultation, contract coating, technology transfer, and commissioned analysis & research. They manufacture and utilize nano-optimized components and systems. Vapor sorption analyzers are thus in the high demand as a result of growing nanotechnology research and their crucial significance in understanding the moisture sorption characteristics of nanomaterials and nanostructures.

Market Restraint- High Initial Cost

Vapor sorption analyzers are complex analytical tools involving cutting-edge software, sensors, and data-analysis capabilities. These instruments have a high initial cost due to the high cost of manufacturing, which includes accurate calibration and high-quality components. Vapor sorption analyzers come with recurring maintenance costs in addition to the original cost of purchase. Regular calibration, maintenance, and software upgrades are required to guarantee precise and reliable performance, which raises the total cost of ownership. Hence, these factors are restraining the growth of the market.

Scope of the Report   

The report on the global vapor sorption analyzers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Vapor Sorption Analyzers Market Segmental Outlook

Based on type, the global vapor sorption analyzers market is segmented into dynamic vapor sorption and volumetric vapor sorption. The dynamic vapor sorption segment held XX% market share in 2022 and is expected to hold XX% market share in 2031. Several industries take advantage of the dynamic vapor sorption technique. This approach is used by the pharmaceutical industry to assess the efficacy of excipients, packing films, and drug formulations. However, the mechanical properties of these products are affected by moisture-induced phase changes, which alter dose, yield, and purity estimations, and thus driving the demand for dynamic vapor sorption analyzers during the forecast period.

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Based on voltage, the global vapor sorption analyzers market is segmented into Less than 100 volts, 100-200 volts, and more than 200 volts. The 100-200 volts segment held XX% share of the market in 2022. Voltage range for vapor sorption analyzers varies with operational temperature and pressure range for vapor sorption analyzers. Leading manufacturers design vapor sorption analyzers of different voltage range so as to cater to the demand from various applications. 100-200 Volts is the most common voltage range for majority of the vapor sorption analyzer.

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Based on sample weight range, the global Vapor Sorption Analyzers market is segmented into less than 1000 mg, 1000 mg - 3000 mg, and above 3000 mg. The above 3000 mg segment is expected to hold a XX% CAGR during the forecast period. Compared to smaller-capacity versions, vapor sorption analyzers with a capacity of 3000 mg offer larger sample volumes, enabling more thorough testing and analysis. Because of this, they can be used in a variety of sectors, such as environmental research, manufacturing of food and beverages, material sciences, and pharmaceuticals.

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Based on end use, the global Vapor Sorption Analyzers market is segmented into material science, pharmaceuticals, food development, building & construction, electronics, and others. The pharmaceuticals segment held XX% share of the market in 2022. It is important to evaluate the moisture sorption properties of pharmaceutical ingredients and formulations using vapor sorption analyzers. Comprehending how medicines react to moisture is essential to guarantee their effectiveness, stability, and longevity. Pharmaceutical companies spend a lot of money on R&D to create novel drug formulations and improve the ones that already exist, which increases the demand for advanced analytical instruments such as vapor sorption analyzers.

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Based on the sales channel, the global Vapor Sorption Analyzers market is segmented into Manufacturer to Customer (Direct Sales) and Distributor to Customer (Indirect Sales). The Manufacturer to Customer (Direct Sales) segment held XX% share of the market in 2022. Vapor sorption analyzers are often customized instruments developed to fulfill particular research requirements. Direct sales enable manufacturers to offer comprehensive technical assistance and customization choices to satisfy every client's unique requirement.

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Regional Outlook

On the basis of region, the global vapor sorption analyzers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Europe held XX% market share in 2022, owing to the increasing R&D expenditure on pharmaceuticals in the region. For instance, according to Germany Trade & Invest, Germany has the fourth-largest pharmaceutical industry across the globe and the largest in Europe. Sales in the Germany-based pharmaceutical industry rose 5.4% in 2022 to reach EUR 56.5 billion (ex-manufacturer prices). Germany is the leading location for pharmaceutical innovation in Europe and among the key countries across the globe for clinical trial locations, based on R&D spending and patent application levels. The country is one of the leading manufacturers of pharmaceuticals globally and is the major exporter of medical products. Germany has developed as a main supplier of novel biopharmaceuticals in light of the need for personalized medicine across the globe. Germany is home to over 600 pharmaceutical companies. Small and medium enterprises (SMEs) are the backbone of the economy with over 90% of pharmaceutical companies employing fewer than 500 people. This is driving the demand for vapor sorption analyzers in the region.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Vapor Sorption Analyzers Market

• Historical, Current, and Projected Market Size in terms of Value

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Vapor Sorption Analyzers Market Performance