The
global spectrophotometer market is expected to expand at a moderate CAGR of around 6% over a forecast period 2016-2022 reaching a value beyond US$ 7.9 BN in 2022 as per the report “Global Spectrophotometer Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” available with DecisionDatabases.com
. A spectrophotometer is an instrument that is used to measure the intensity of light absorbed after it passes through sample solution. Through spectrophotometer, the amount of a known chemical substance can also be determined by measuring the intensity of light.
Spectrophotometers Market: Drivers
A vast majority of laboratories have been using spectrophotometry for detection of chemicals. The majority of clinical chemistry procedures have been developed to a coloured end product which can be detected and measured by a photometer. However, drug discovery and development and bimolecular analysis from life science industry are in huge demand which is boosting the spectrometry market. New technological advances in spectrometry applications such as environmental and space applications are not only understanding solar system but also helped to land a man safely in space is further creating the demand for spectrometry market. Another factor which drives the spectrophotometers market is research and development done in pharmaceutical and biotechnological sector. Also increasing use of spectrometry devices in proteomics, toxicology and disease marker is contributing wide range of growth in global spectrophotometer market. Spectrophotometers are having wide range of applications in various categories such as pharmaceutical drug discovery, chemical analysis, and biotechnological applications. So the global spectrometry market will have a tremendous growth rate in forecasting period.
Spectrophotometers Market: Segmentation
Global Spectrophotometer market can be segmented on the basis of technology, application and regions. By technology spectrophotometer market is segmented into Molecular Spectrometry (UV-Visible Spectrometry, IR- Spectrometry, Nuclear Magnetic Resonance (NMR), Near Infrared Spectrometry And Raman Spectrometry), Atomic Spectrometry( Atomic Absorption Spectrometry, Elemental Analyzers, X- Ray Diffraction Spectrometry, X-Ray Fluorescence Spectrometry, Inductively Coupled Plasma Atomic Emission Spectrometry) and Mass Spectrometry( Liquid Chromatography, Gas Chromatography, Matrix Assisted Laser Desorption, Triple Quadra Pole Liquid Chromatography, Quadra Pole Time Of Flight Liquid, Inductively Coupled Plasma Mass).By application spectrophotometer market is segmented into pharmaceutical application, biotechnological applications, industrial applications, space applications and environmental applications. By regions spectrophotometer market is segmented into Eastern Europe, Western Europe, North America, Latin America and Asia pacific excluding japan, Japan, Middle East and Africa. Among all of the above regions, North America and Europe are having high market share due to significant spending power and technological advancement and widening applications in various segments will contributes good market. Also Asia Pacific countries are expected to witness lucrative growth rate in spectrophotometers market.
Key Market Players Analysis:
Some of the key players in spectrophotometers market are Bruker Corporation, Perkin Elmer, Inc. Thermo Fisher Scientific, Inc., Agilent Technologies, Danher, Inc., Water Corporation, Shimadzu Corporation, Bio-Rad Corporation and others.
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