Global Markets for Spectroscopy Equipment

The global spectroscopy market reached $13.5 billion in 2015 and should reach $15.6 billion in 2020, a compound annual growth rate (CAGR) of 2.9% through 2020.

Report Includes

• An overview of the global market for spectroscopy, including definitions and history of the science, and an introduction to the different types of spectroscopy equipment
• Analyses of global market trends, with data from 2013 and 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
• Discussion of the different types of spectroscopic analysis: bulk, mixture, surface, and spectroscopic microanalysis
• Examination of the markets for spectroscopic instruments by their typical applications; these applications are broken into six main groups: biotechnology, environmental, food and beverage, industrial chemistry, materials, and pharmaceuticals
• Evaluations of the technology, with an emphasis on both established and new spectroscopic technologies
• Present and future trends within the spectroscopy market, which includes molecular, atomic, mass/hyphenated, and some other types of spectroscopies
• Coverage of the structure and activities of the spectroscopic industry, with emphasis on industry classification, the active mergers-and-acquisitions (M&A) business, marketing and competitive factors, and major domestic producers and suppliers
• Profiles of the major players and suppliers in the industry

The global spectrometry market increased from $7.8 billion in 2011 to $8.5 billion in 2012 and is expected to reach $14.8 billion in 2017, a compound annual growth rate (CAGR) of 11.7% for the forecast period of 2012 to 2017.

Report Includes

• An overview of the global market for spectroscopy, including definitions and history of the science, and an introduction to the different types of spectroscopy equipment.
• Discussion of the different types of spectroscopic analysis: bulk, mixture, surface, and spectroscopic microanalysis.
• Examination of the markets for spectroscopic instruments by their typical applications; these applications are broken into six main groups: biotechnology, environmental, food and beverage, industrial chemistry, materials, and pharmaceuticals.
• Evaluations of the technology, with an emphasis on both established and new spectroscopic technologies.
• Coverage of the structure and activities of the spectroscopic industry, with emphasis on industry classification, the active mergers-and-acquisitions (M&A) business, marketing and competitive factors, and major domestic producers and suppliers.
• Comprehensive company profiles of the major suppliers in the industry.

• The total U.S. spectroscopy market by application was worth $4.9 billion in 2009. This market is expected to increase by a compound annual growth rate (CAGR) of 6% to reach $6.5 billion in 2014.
  
• Pharmaceuticals, the current application market leader, had a 2009 value of more than $1 billion. This market is expected to grow at a compound annual growth rate (CAGR) of 6.1% to reach $1.4 billion in 2014.
  
• Molecular spectroscopy is a large market that in 2009 was estimated to be about $1.8 billion.  It should expand at a compound annual growth rate (CAGR) of 6.1% to nearly $2.4 billion in 2014. 

• The total U.S. market for spectroscopic instruments was more than $3.6 billion in 2005. At an average annual growth rate (AAGR) of 7.7%, this market will cross $5.2 billion by 2010
• Molecular spectroscopy, the science of analysis of molecules, consists of infrared (IR), ultraviolet and visible (UV-Vis or UV/Vis), Raman, and nuclear and electron spin resonance (NMR/ESR) spectroscopy. This is a large market that in 2005 BCC Research estimates to be about $1.2 billion, growing at an AAGR of 7.2% to almost $1.7 billion in 2010.
• Atomic spectroscopy, concerned more with the determination and analysis of individual atoms, consists of atomic absorption (AA), X-ray, arc/spark, and plasma spectroscopy. This total market in the United States was about $942 million in 2005 and should grow at an AAGR of 6.6% to almost $1.3 billion in 2010.

• 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.