Spectroscopy: An Enduring Market

Published - Apr 2003| Analyst - Shalini Shahani Dewan| Code - IAS004B
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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.



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.


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.


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.


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.


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.


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.


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.

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