Global Markets for Spectroscopy Equipment
Report Highlights
The global market for spectroscopy equipment should grow from $14.7 billion in 2018 to $17.0 billion by 2023 at a compound annual growth rate (CAGR) of 3.0% during the forecast period of 2018-2023.
Report Includes
- 64 data tables and 13 additional tables
- An overview of the global markets for spectroscopy equipment
- Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Market information on spectroscopy equipment and its key segments, including product types, end users and region
- Key insight into the major driving factors, trends and challenges that affect the market and the manufacturing landscape
- Identification of potential applications of spectroscopy equipment in the pharmaceutical and biotechnology, food and beverage, and environmental industries
- A look into the regulatory environment, new products and advancements, and current trends within the industry
- Detailed profiles of leading companies in the industry, including Agilent Technologies, Bruker Corp., Danaher Corp., JEOL Ltd., PerkinElmer, and Thermo Fisher Scientific Inc.
Report Scope
The research study includes market information on spectroscopy equipment and its key segments, including product types, end users and regions.
This report focuses on the global market of spectroscopy products, providing an updated review of product applications in three main industries: pharmaceutical and biotechnology, food and beverages, and environmental. The report also considers other industries such as textiles, metals, forensics and energy. The scope of the study is global.
BCC Research analyzed each market and its applications, regulatory environment, new products and advancements, market projections and market shares. The geographical regions covered in the report are North America, Europe, Asia-Pacific and the Rest of the World (RoW). The RoW region covers countries such as South Africa, Brazil, Saudi Arabia, the United Arab Emirates and Israel. The report discusses the major players across each regional market. Further, it explains the major drivers and market dynamics of the market and current trends within the industry.
The conclusion of the report focuses on the vendor landscape, providing detailed profiles of the major vendors in the global market for spectroscopy equipment. Major market players in the spectroscopy industry are Agilent Technologies, Bruker Corp., Danaher Corp., Jeol Ltd., PerkinElmer, Shimadzu Corp., Thermo Fisher Scientific and Waters Corp.
Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
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
Report Highlights
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.
Report Highlights
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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.
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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.
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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.
Report Highlights
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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
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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.
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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.
Report Highlights
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The 2002, the U.S. spectroscopy market was about $ 2.8 billion, increasing at a 9.1% average annual growth rate (AAGR).
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Fastest growth will be in hyphenated spectroscopy, increasing at a 12.2% AAGR.
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Sales of hyphenated spectroscopy will reach about $787.9 million in 2007.
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Mass spectroscopy will show a 10.9% AAGR, and 2007 sales of $930.5 million.