the osmometers market for the forecast period of 2019–2027. According to the report, the global osmometers market was valued at ~US$ 64 Mn in 2018, and is projected to expand at a CAGR of ~3% from 2019 to 2027. Rise in the demand for osmometers, launch of innovative products by key market players, and expansion of pharmaceutical and biopharmaceutical companies are anticipated to augment the global market from 2019 to 2027.

Overview

North America and Western Europe are likely to account for dominant shares of the global osmometers market, owing to a rise in the usage of osmometers to measure the osmality of aqueous solutions in clinical laboratory testing.

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However, high competition is likely to hamper the global osmometers market. Asia Pacific is expected to be a highly lucrative market for osmometers during the forecast period.

Rise in Demand for Osmometers to Propel Market

Rise in the prevalence of electrolyte disorders is likely to increase the demand for osmometers.

An article published in the International Journal of Medical Research and Review in South India stated that, the estimated prevalence rate of hypernatremia was 3.14% during a study conducted from March 2011 to March 2016.

Infant diarrhea is a leading cause of death in pediatric patients. Osmometers are used to accurately indicate the degree of dehydration in case of infant diarrhea.

According to the World Health Organization (WHO), an estimated 1.7 billion cases of childhood diarrhoeal diseases are recorded across the globe each year.

Freezing point depression osmometers require small sample size, are simple to use, offer fast & accurate results, and are widely referenced for the measurement of osmolality. These factors attributed to the high preference for use of freezing point depression osmometers in quality control labs, pharmaceutical industries, and clinical chemistry.

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