This industry research report provides an in-depth study and segmentation of the global spectroscopy market by type (atomic and molecular) and geography (the Americas, APAC, and EMEA). The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market, which include Agilent Technologies, Bruker, Danaher, PerkinElmer, and Thermo Fisher Scientific.
Technavio has released updated information on the semiconductor equipment market, with the publication of its new market research report, global spectroscopy market. The global spectroscopy market is expected to grow at a CAGR of around 6% between 2015 and 2019, due to increased food safety testing and environmental testing initiatives by the governments worldwide. The Americas is the largest contributor to the market, accounting for around 42% of the total market share. The region is home to some major pharmaceutical companies, such as Abbott Laboratories, Johnson & Johnson, and Pfizer.
“The wider application of molecular spectroscopy in pharma industry and environmental science applications has boosted this segment’s growth rate. The growing demand for molecular spectroscopy is predominantly for drug testing. Of late, the market vendors are increasingly switching from single molecular to macromolecular spectroscopy. Various sophisticated techniques like single-molecule ELISA, single-molecule sequencing technologies, screening tools, and single-molecule multi-color FRET are useful in clinical applications, especially in drug discovery,” says Navi Rajendra, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Increasing demand for processed and convenience food and rising awareness about foodborne diseases has augmented the demand for food testing. It has pushed the food regulatory authorities across the world to draft stringent regulations for the testing process of processed food. All food products undergo thorough contamination and preservative checking before being imported by other countries.
The leading vendors in the global spectroscopy market include Agilent Technologies, Bruker, Danaher, PerkinElmer, and Thermo Fisher Scientific. Currently, the spectroscopy market is marked with the presence of many vendors, with intense competition among them. As a result, the market is witnessing many mergers and acquisitions by these vendors to gain market share and enhance product portfolio.
A more detailed analysis is available in the Technavio report, Global Spectroscopy Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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