Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A spectrophotometer is an instrument that measures the amount of photons (the intensity of light) absorbed after it passes through sample solution. With the spectrophotometer, the amount of a known chemical substance (concentrations) can also be determined by measuring the intensity of light detected. Furthermore, spectrophotometry is one of the most useful methods of quantitative analysis in various fields such as chemistry, physics, biochemistry, material & chemical engineering and clinical applications. For example, in biochemistry, it is used to determine enzyme-catalyzed reactions. In clinical applications, it is used to examine blood or tissues for clinical diagnosis. Furthermore, according to a survey conducted by European Union (EU), research & development scoreboard reveals that in 2017 investments on overall R&D worldwide has increased by 5.8%, which is expected to support growth in spectrophotometer market globally. Moreover, recent development lies in instrumental fine tuning and slight alterations to allow new types of measurements. Advancements in the fields of biology and nanotechnology have created demand for new methods of measurement. Likewise, spectroscopy is leading the way in both health care and medical research as a novel tool for improving diagnostics, disease detection and sensing. Besides, optical spectroscopy has become important for many new applications. For example, short-wavelength infrared (SWIR) systems have proven highly effective in sorting, grading and quality control for material identification and continuous monitoring of a production line. Owing to all this recent trends in market, the coming years will witness a rise in the demand for these spectrophotometers and its applications, consequently driving the growth of this global market.
Growing use of spectroscopy in the biotechnology & pharmaceuticals industry, advancements in technological, increasing applications of spectrometry devices in toxicology, proteomics and also in food analysis are some major factors driving the growth of the spectrophotometer market. On the other hand, factors such as high price of spectrophotometers instruments and deficiency of skilled specialists are hampering the growth of spectrophotometer market globally. However, increasing investments in molecular diagnostics is the major factors creating opportunities in spectrophotometer market.
The spectrophotometer market is classified into by technology, applications and geography.
The technology studied in this report are molecular spectrometry, atomic spectrometry and mass spectrometry. Furthermore, molecular spectrometry is sub segmented into UV-visible spectrometry, IR- spectrometry, nuclear magnetic resonance (NMR), near infrared spectrometry and raman spectrometry. Moreover, atomic spectrometry is further bifurcated into atomic absorption spectrometry, elemental analyzers, X- ray diffraction spectrometry, X-ray fluorescence spectrometry and inductively coupled plasma atomic emission spectrometry. Likewise, mass spectrometry is classified into gas chromatography-mass spectrometry (GC-MS), single quadrupole liquid chromatography-mass spectrometry (LC-MS), matrix-assisted laser desorption/ionization – time of flight spectrometry (MALDI-TOF), triple-quadrupole liquid chromatography-mass spectrometry, quadrupole-time of flight liquid chromatography-mass spectrometry (Q-TOF LC/MS), inductively coupled plasma mass spectrometry (ICP-MS), ion mobility mass spectrometry, fourier transform ion cyclotron resonance - mass spectrometry (FTICR-MS) and ion trap mass spectrometry.
Based on application, the spectrophotometer market is segmented into pharmaceuticals, biotechnology, industrial chemistry, environmental testing and food & beverages testing. Increasing number of patients suffering from various diseases is a driving factor for pharmaceutical and biotechnology companies to develop novel drugs, which in turn lead to growth in spectrophotometer market as drug discovery requires advanced devices such as spectrophotometer.
The spectrophotometry market report is studied across the key countries of North America, Europe, Asia Pacific and Rest of the World. Owing to the large number of research centers, high spending capacity on R&D activities and the increasing demand for improved and high-performance test & measurement equipment, the North America region dominated the spectrophotometry market in 2018. However, the Asia pacific region is expected to grow at a highest CAGR during the forecast period, owing to the increasing government fund for research and development and rising disposable income.
Some of the major players operating in the spectrophotometry market includes AB SCIEX, Agilent Technologies, Inc., Analytik Jena AG, Bruker Corporation, Hitachi, Ltd., Horiba, Ltd., Perkin Elmer, Inc., Shimadzu Corporation, Thermo Fisher Scientific, Inc. and Waters Corporation. Market players are involved in new product launches and collaboration agreements to exploit maximum revenue potential in global market.
The spectrophotometer market is classified into by technology, applications and geography. The technology studied in this report are molecular spectrometry, atomic spectrometry and mass spectrometry. Furthermore, molecular spectrometry is sub segmented into UV-visible spectrometry, IR- spectrometry, nuclear magnetic resonance (NMR), near infrared spectrometry and raman spectrometry. Moreover, atomic spectrometry is further bifurcated into atomic absorption spectrometry, elemental analyzers, X- ray diffraction spectrometry, X-ray fluorescence spectrometry and inductively coupled plasma atomic emission spectrometry. Likewise, mass spectrometry is classified into gas chromatography-mass spectrometry (GC-MS), single quadrupole liquid chromatography-mass spectrometry (LC-MS), matrix-assisted laser desorption/ionization – time of flight spectrometry (MALDI-TOF), triple-quadrupole liquid chromatography-mass spectrometry, quadrupole-time of flight liquid chromatography-mass spectrometry (Q-TOF LC/MS), inductively coupled plasma mass spectrometry (ICP-MS), ion mobility mass spectrometry, fourier transform ion cyclotron resonance - mass spectrometry (FTICR-MS) and ion trap mass spectrometry. Based on application, the spectrophotometer market is segmented into pharmaceuticals, biotechnology, industrial chemistry, environmental testing and food & beverages testing. Increasing number of patients suffering from various diseases is a driving factor for pharmaceutical and biotechnology companies to develop novel drugs, which in turn lead to growth in spectrophotometer market as drug discovery requires advanced devices such as spectrophotometer. The spectrophotometry market report is studied across the key countries of North America, Europe, Asia Pacific and Rest of the World. Owing to the large number of research centers, high spending capacity on R&D activities and the increasing demand for improved and high-performance test & measurement equipment, the North America region dominated the spectrophotometry market in 2018. However, the Asia pacific region is expected to grow at a highest CAGR during the forecast period, owing to the increasing government fund for research and development and rising disposable income.
Why to buy this report:
