Market Overview

Global Markets for Spectroscopy Equipment


Global Markets for Spectroscopy Equipment

PR Newswire

LONDON, August 6, 2018 /PRNewswire/ -- Report Scope
The research study includes market information on spectroscopy equipment and its key segments, including product types, end users and regions.

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This report focuses on the global market of spectroscopy products, providing an updated review of product applications in three main industries: pharmaceutical and biotechnology, food and beverages, and environmental.The report also considers other industries such as textiles, metals, forensics and energy.

The scope of the study is global.

BCC Research analyzed each market and its applications, regulatory environment, new products and advancements, market projections and market shares.The geographical regions covered in the report are North America, Europe, Asia-Pacific and the Rest of the World (RoW).

The RoW region covers countries such as South Africa, Brazil, Saudi Arabia, the United Arab Emirates and Israel.The report discusses the major players across each regional market.

Further, it explains the major drivers and market dynamics of the market and current trends within the industry.

The conclusion of the report focuses on the vendor landscape, providing detailed profiles of the major vendors in the global market for spectroscopy equipment. Major market players in the spectroscopy industry are Agilent Technologies, Bruker Corp., Danaher Corp., Jeol Ltd., PerkinElmer, Shimadzu Corp., Thermo Fisher Scientific and Waters Corp.

Report Includes:
- 64 data tables and 13 additional tables
- An overview of the global markets for spectroscopy equipment
- Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Market information on spectroscopy equipment and its key segments, including product types, end users and region
- Key insight into the major driving factors, trends and challenges that affect the market and the manufacturing landscape
- Identification of potential applications of spectroscopy equipment in the pharmaceutical and biotechnology, food and beverage, and environmental industries
- A look into the regulatory environment, new products and advancements, and current trends within the industry
- Detailed profiles of leading companies in the industry, including Agilent Technologies, Bruker Corp., Danaher Corp., JEOL Ltd., PerkinElmer, and Thermo Fisher Scientific Inc.

Spectroscopy products are essential instruments used for qualitative and quantitative analysis.They are used as tools for studying the structures of atoms and molecules in detail, including the electron configurations of ground and various excited states.

Further, spectroscopy is a precise analytical method for finding the constituents in materials with unknown chemical composition and concentration of a few parts per million of a trace element in a material through its emission spectrum.With the increased demand of better lifestyles, there is an urgent need for efficient analytical techniques.

Advanced spectroscopic products are effectively fulfilling these ever-changing needs of end users.

Spectroscopy companies are devising advanced handheld and miniature instruments to provide a higher quality of analysis.Increased government spending is also expected to support the growth of the market.

Mass, X-ray, Raman, plasma, flame and UV-visible spectrometers are among the types that are the main contributors to global revenues.In the last decade, the overall spectroscopic market has witnessed a moderate increase in the use of novel analysis products in the pharmaceutical, environment and food industries.

There has been an increase in the development of next-generation analysis tools that can analyze with higher precision. Increasing research and development, stringent rules in food
safety, and increasing population are the driving forces for the rise of this market.

Spectroscopy products are classified broadly into four major categories: molecular spectroscopy, atomic spectroscopy, mass and hyphenated spectroscopy, and others (including Mössbauer and microwave spectroscopy).These categories are further subdivided based on the type of product.

The major end users of these products are research centers; academic institutions; government and private laboratories; pharmaceutical, diagnostic and biotechnology companies; and the healthcare sector. Key players in this market are Bruker Corp., Thermo Fisher Scientific, Agilent Technologies, Jeol Ltd., Waters Corp., PerkinElmer Inc., Hitachi High Technologies America Inc. and Shimadzu Corp.

The expansion of the spectroscopy market is driven by worldwide growth in research and development investment as well as an increasing global concern for a healthy environment and healthful food.In coming years, technological advancements in analytical instruments are expected to further boost market growth.

However, factors such as sensitivity, performance, and high research and development costs are expected to be major hurdles in the spectroscopy market.

This report breaks down the global market for spectroscopy equipment based on type, end use application and geography.Based on type, the market has been classified into mass and hyphenated spectroscopy, molecular spectroscopy, atomic spectroscopy and others.

By end use, the market is categorized into pharmaceutical and biotechnology applications, food and beverage applications, environmental applications and other applications.Based on geography, the market has been segmented into North America, Europe, Asia-Pacific and RoW.

Although advanced nations such as the U.S., Canada and European countries remain important, China, India and other Asia-Pacific nations represent the current and future growth for spectroscopy instrumentation. In the U.S. and Europe, more informed citizens are demanding that resource extraction be performed under stricter environmental regulations. In addition, mining companies use spectrometers to detect valuable mineral reserves. These factors have led to the popularity of and growing demand for analytical instruments such as spectrometers.

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