Farmington, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The global Spectroscopy Instruments market size was estimated at USD 14.1 Billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. Advanced technology Spectroscopy It is anticipated that instruments and consumables will contribute to the expansion of this market, leading to more business possibilities. Spectrometers are in greater demand on the market because scientists are continually developing new applications for them. Important individuals are working to create goods that are simple to use and produce superior results. These modifications will assist researchers in producing more accurate findings. This is anticipated to contribute to growth over the next few years.
Request Sample Copy of Report “Spectroscopy Instruments Market Size, Share & Trends Estimation Report By Type (Molecular Spectrometry, Mass Spectrometry (MS) Atomic Spectrometry), By Product (Instrument, Consumables, Services), By Application (Proteomics, Metabolomics, Pharmaceutical Analysis, Forensic Analysis, Others), By End-use (Government & Academic Institutions, Pharmaceutical & Biotechnology Companies, Others), By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Spectrometry is rapidly gaining prominence as one of the most essential diagnostic methods. It is utilised in a variety of methods. Drug development, proteomics, metabolomics, forensic analysis, and pharmaceutical analysis are instances of these applications. In recent years, this technique has been utilised more frequently at various phases of the drug discovery process.
Spectroscopy Instruments Market Recent Developments:
- In December 2016: The International Phenomenon Center Network collaborated with Broker's utilization of the NMR system to increase the development of clinical and translational research.
- In January 2016: Acquired Affymetrix, Inc. from Thermo Fisher Scientific. The company's life science analysis and genetic analysis development capabilities have been strengthened.
- 2015: Perkin Elmer partners with Johnson & Johnson Innovation to increase analytical equipment and improve laboratory services for J&J's life sciences incubator.
Spectroscopy Instruments Market Segmentation Analysis:
Due to its extensive use in the life science industries and the commercial availability of technologically advanced goods in this sector, molecular spectrometry was able to dominate the market and account for 37.6% of the market's revenue in 2020. In the area of molecular spectroscopy, for instance, PerkinElmer, Inc. offers a complete selection of instruments, accessories, and consumables, in addition to software and informatics. This business offers services in the areas of infrared spectroscopy, fluorescence spectroscopy, ultraviolet-visible (UV-Vis) spectroscopy, FT-IR microscopy, and imaging systems under the category of molecular spectroscopy.
In 2020, the pharmaceutical analysis applications segment dominated the market and accounted for 35.5% of the total revenue. In addition, this industry is expected to experience the highest CAGR during the forecast period. Pharmaceutical analysis consists of a set of procedures for finding, identifying, purifying, and quantifying a substance, determining the structure of chemical compounds, or separating the components of a solution or mixture. These operations may be executed in any sequence.
Regional Outlook:
North America dominated the industry in 2020. It accounted for 46.7% of total revenue, more than any other area. This is because many of the industry's most significant firms, including Thermo Fisher Scientific, Agilent Technologies, Waters Corporation, and others, are headquartered in the region. There are a number of organisations and associations that are involved in this area and work to create and disseminate information about new advanced spectrometry products and technology, which is another positive aspect of this field.
Additionally, industry leaders are conducting more research and development on new diseases. This can be traced back to the market-dominating area. Agilent Technologies, Inc. and other businesses in the field conduct extensive research and development to create novel resins for isolating and purifying vaccines.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/248532/
Scope of Report:
| Report Attributes | Details |
| Growth Rate | 7.2% from 2023 to 2030 |
| Market Size in 2022 | USD 14.1 Billion |
| By Type | Molecular Spectrometry, Mass Spectrometry (MS), Atomic Spectrometry |
| By Product | Instrument, Consumables, Services |
| By Applications | Proteomics, Metabolomics, Pharmaceutical Analysis, Forensic Analysis, Others |
| By End User | Government & Academic Institutions, Pharmaceutical & Biotechnology Companies, Others |
| By Companies | Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Agilent Technologies, Waters Corporation, Shimadzu Corporation, Broker Corporation, JEOL Ltd., FLIR Systems, Inc., Endress+Hauser Group, MKS Instruments, Inc, and Others |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 to 2030 |
Spectroscopy Instruments Market Dynamics:
Spectroscopy techniques that have been developed in the market with the help of advanced technologies help the market of spectroscopy by allowing more study of the sample with the help of magnetic radiation and more accurate and precise results with more structural information. These techniques are widely used in many industries, such as the pharmaceutical, food and drug, chemical, oil and gas, and oil and gas industries, and there are more demands from the laboratory. Techniques for spectroscopy that were made possible by new technologies and put on the market help the market for spectroscopy by allowing more study of the sample through the interaction of magnetic radiation.
Growth Factors:
Spectroscopy is used to test the purpose, and the market for spectroscopy has come up with ways to do this as the number of ways to use it has grown. The market for spectroscopy can grow if there is more interaction between matter and electromagnetic radiation. The wavelength and frequency can be chosen for each test so that the results are more accurate and useful.
Spectroscopy is being used more and more in a wide range of industries, such as hospitals, pharmaceutical companies, the food and agriculture industries, the chemical industry, and the oil and gas industry. This is possible because spectroscopy has quickly adopted new technologies.
Spectroscopy Instruments Market Key Segments Covered:
Top Market Players:
Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Agilent Technologies, Waters Corporation, Shimadzu Corporation, Broker Corporation, JEOL Ltd., FLIR Systems, Inc., Endress+Hauser Group, MKS Instruments, Inc, and Others.
Type Outlook
- Molecular Spectrometry
- Visible and Ultraviolet Spectroscopy
- Infrared Spectroscopy
- Nuclear Magnetic Resonance (NMR) Spectroscopy
- Others
- Mass Spectrometry (MS)
- MALDI-TOF
- Triple Quadruple
- Quadruple-Trap
- Hybrid Linear Ion Trap Orbit rap
- Quadruple -Orbit rap
- Atomic Spectrometry
- Atomic Absorption Spectroscopy (AAS)
- Atomic Emission Spectroscopy (AES)
- Atomic Fluorescence Spectroscopy (AFS)
- X-ray Fluorescence (XRF)
- Inorganic Mass Spectroscopy
Product Outlook
- Instrument
- Consumables
- Services
Application Outlook
- Proteomics
- Metabolomics
- Pharmaceutical Analysis
- Forensic Analysis
- Others
End-use Outlook
- Government & Academic Institutions
- Pharmaceutical & Biotechnology Companies
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Mixed-mode Chromatography Resin Market – The Mixed-mode Chromatography Resin Market is poised to value at USD 239 Million by 2030 ending at a CAGR of 15.7% during the forecast period 2022 to 2030. North America is expected to remain a key region for the global market, driven primarily by the United States. North America is enjoying strong growth owing to strong government spending on R&D activities. Demand in Asia Pacific is expected to grow exponentially.
- Polyamide Imide Resin Market - The Global Polyamide-Imide Resin Market size was valued at USD 687.1 Million in 2022 and is growing at a CAGR of 6.5% from 2022 to 2030. Asia Pacific has emerged as the market's most dominant region. In 2021, the Asia-Pacific region accounted for approximately 41% of total revenue earned in the global market. Asia-Pacific countries, including China and India, are comparatively ahead in terms of growth in the aerospace sector.
- Biaxially Oriented Polyamide (BOPA) Films Market - The Global Biaxially Oriented Polyamide (BOPA) Film Market Is Estimated To Grow At A CAGR Of Around 6% Over The Forecast Period, 2022 To 2030. North America is an important market for BOPA films owing to the booming food packaging industry in the United States. The regional market revenue exceeded USD 120 million in 2016 and is expected to grow at a CAGR of around 10.5% during the forecast period.
- Polyvinylidene Fluoride Pvdf Market - The Global Polyvinylidene Fluoride (PVDF) Market is estimated to reach USD 1,435.5 Million by 2030 and has a CAGR of 6.70% by year end (2022-2030). The growing need for innovation in the industry to harmonize technologies to improve product standards is expected to complement developments over the aforementioned period. There is no doubt that the United States has dominated the North American market with a share of over 80% in 2018 owing to high technology usage in pharmaceutical and healthcare industries.
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com
Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports
