The Global Market is expected to reach $ 1,163.2, growing at a CAGR of 4.3 % during the forecast period
According to the Latest Market research report Published by MarketsandMarkets the “UV/Visible Spectroscopy Market Size, Share, Demand and Growth Analysis, forecast”
However, the longevity of instruments and dearth of skilled professionals is likely to restrain the growth of the market to a certain extent during the forecast period.
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Expansions and product launches were the primary growth strategies adopted by major players to expand their product portfolio in the global UV/Visible Spectroscopy Market.
Growing opportunities in emerging nations, development of microvolume sampling-capable instruments, investments into the field of molecular diagnostics and growth of biobanking are likely to provide growth opportunities to the global UV/visible spectroscopy market. However, the dearth of skilled professionals and longevity of instruments is likely to restrain the growth of this market.
key players operating in the Global UV/Visible Spectroscopy Market;
The major players in the UV/visible spectroscopy market include Shimadzu Corporation (Japan), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies Inc. (U.S.) and Hach Company (a subsidiary of Danaher Corporation) (U.S.), Jasco, Inc. (U.S.) Hamamatsu Photonics K.K. (Japan), Horiba, Ltd.(Japan), Hitachi High-Technologies Corp. (Japan) and Buck Scientific (U.S.) among others.
Major Drivers Impacting the UV/Visible Spectroscopy Market;
· Applications of UV/Visible Spectroscopy in Environmental Screening
· Growing Use of UV/Visible Spectroscopy in the Pharmaceuticals & Biotechnology Industry
· Technological Advancement
· Increasing Need for Food Analysis
Global UV/Visible Spectroscopy Market Segmentation:
The single-beam systems segment is expected to account for the largest share of the market, by instrument type. However, the array-based systems segment is expected to grow at the highest CAGR. The technological advancements in the array-based systems segment enable it to offer advantages such as improved sensitivity and faster data collection. These factors drive the growth of this segment.
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UV/Visible Spectroscopy Market, by Application
- Academic Applications
- Physical Chemistry Studies
- Life Science Studies
- Environmental Sciences
- Industrial Applications
- Life Science R&D
- Production
- Quality Assurance/Quality Control (QA/QC)
- Environmental Testing
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