Report Highlights
-
The 2002, the U.S. spectroscopy market was about $ 2.8 billion, increasing at a 9.1% average annual growth rate (AAGR).
-
Fastest growth will be in hyphenated spectroscopy, increasing at a 12.2% AAGR.
-
Sales of hyphenated spectroscopy will reach about $787.9 million in 2007.
-
Mass spectroscopy will show a 10.9% AAGR, and 2007 sales of $930.5 million.
INTRODUCTION
STUDY OBJECTIVES
BCC's goal in conducting this study was to provide an overview of the spectroscopic market, which seems to be very enduring, and to study the present and future trends of the instruments manufactured. The study was also conducted to distinguish market size, typical prices and important products and technologies. We were interested in the market potential for spectroscopic instruments.
The basic principles underlying different technologies are also discussed with their usage over a 5-year period from 2002 to 2007. The companies selling these products-as well as the factors affecting their markets and how those markets are likely to change-were brought to the forefront.
Our key objective was to present a comprehensive analysis of the current display market and its future direction in spectroscopy with emphasis on newer techniques and products.
REASONS FOR DOING THIS STUDY
The U.S. analytical instrument market is changing drastically due to the introduction of newer products. R&D spending and QA/QC spending, along with increasing competition, new technologies, the international marketplace and a changing customer base are contributing the creation of a new kind of market in the U.S. This study looks at these factors and a number of the analytical instrument markets affected by them. This is a very complex market, with many technologies combined to get a better instrument thus occupying niche markets with very specialized applications.
GC-MS, LC-MS, plasma spectroscopy, fluorescence spectroscopy and mass spectroscopy are emerging and significant new markets. These combined techniques are capable of becoming a multi-billion dollar global market in the next few years.
Growth by acquisition strategies and collaborations by companies to get better instruments are also covered in this report. This study discusses the strength and weaknesses of analytical instrument R&D in light of the new technologies, growing competition and changing customer needs.
CONTRIBUTIONS TO THE STUDY
The study contributes to the areas of growth and decline. The study also looks from the points of view of both manufacturers and users. We present the various types of spectroscopy and the technologies involved with their instrumentation. Also included are regulations governing their use, technological descriptions and issues, applications, market factors and potential and the projected market for 2002 and 2007. This study will be of interest to the pharmaceutical, chemical, biotechnology, and environmental industries, as well as manufacturers of the spectroscopic instruments and their suppliers.
The study also contributes by compiling much of the information on new products and new technologies in the spectroscopic instrument industry and is a source for many of the estimates about consumption of various products.
SCOPE OF THE STUDY
The scope of this study encompasses the major types of spectroscopy used in the analytical industry. BCC analyzes each technology and gives a look at the manufacturers, new products, price ranges, sales estimates, market projections and some market share information. Technological issues, including the latest trends, are discussed. Also covered are some new technologies, such as LC-MS, GC-MS, etc. BCC analyzes the industry on a worldwide basis, both from a manufacturing and user point of view, and examines the regulations given by the government and the FDA.
METHODOLOGY
A comprehensive literature and patent search was conducted. The literature included technical newsletters and journals as well as many other sources. The data was collected through interviews of various company managers of the manufacturers. This data was compiled and the projections were based on such estimates as the current number of end users, funding levels, potential end users, likely unit prices, rates of consumption and market trends.
INFORMATION SOURCES
BCC surveyed many companies to obtain data for this study. Included were manufacturers and end users of spectroscopic instruments. We gathered the data from these industries, spoke with officials of these industries, consulted newsletters, company literature, product literature, a host of technical articles, journals, indexes and abstracts. Exhaustive investigations of databases by key terminology were done. In addition, we compiled data from current financial and trade information and government sources.
AUTHOR'S CREDENTIALS
Shalini Shahani is a young and enterprising scientist and holds a masters degree in Pharmaceutical Chemistry. Among the research topics she has covered are: Studies on Compounds of Potential and Pharmaceutical Interest from Ibuprofen and 2-Naphthyl Acetic acid. Shahani was awarded Gold a medal by the prime minister of India for her work and has worked with top companies in India and in U.S.
Related Reports
Recent Reports
Pharmacy Automation: Technologies and Global Markets
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Temperature Sensors: Global Markets
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
Analytical Laboratory Instruments Manufacturing: Global Markets
The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.
Autonomous Trucks: Global Markets
The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.
Biosensors and Nanosensors: Global Markets and Technologies
The global market for biosensors and nanosensors is expected to grow from $30.6 billion in 2023 to $43.5 billion by 2028, at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2028.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More