Portable analytical instruments are medical devices that are smaller in size compared with conventional bench top analyzers and facilitate multiple tests in a miniaturized device. Lab analytical instruments are critical for correctly identifying components of various samples presented in food and beverage, pharmaceutical, oil and gas, and metal and chemical industries.
In 2018, North America is expected to command the largest share of the global portable analytical instruments market due to the presence of major key players in this region, thereby, increasing its market share. With the rising food, environment, and drug safety concerns in Asia-Pacific, the demand for portable analytical instruments in this region is expected to grow, which in turn will compel the key players to expand their geographical presence in this region. Therefore, the strategy of expansions by the key players in this region is fueling the growth of this market.

Market Analysis and Insights: Global Portable Analytical Instruments Market
The global Portable Analytical Instruments market is valued at 7654.7 million US$ in 2020 is expected to reach 8728.4 million US$ by the end of 2026, growing at a CAGR of 1.9% during 2021-2026.
Global Portable Analytical Instruments Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Spectrometers
Gas and TOC analyzers
Thermal Analyzers
Others

Segment by Application
Pharmaceutical and biotechnology companies
Food and beverage companies
Environmental testing organizations
Others

Global Portable Analytical Instruments Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Portable Analytical Instruments market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Portable Analytical Instruments Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Agilent Technologies, Bruker, Danaher, Shimadzu, Thermo Fisher Scientific, B&W Tek, HORIBA, Jasco, Teledyne Technologies, etc.