Major players in UV Spectroscopy market include Shimadzu Corporation (Japan), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies Inc. (U.S.) and Hach Company (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.
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UV/visible spectroscopy market is expected to reach USD 1,163.2 Million in 2021 from USD 944.2 Million in 2016, growing at a CAGR of 4.3%. The demand for UV/visible spectroscopy systems and accessories has been on rise due to rising application of this analytical technique in environmental testing.
UV/Visible Spectroscopy Market, By Instrument Type
2 Single-Beam UV/Visible Spectroscopy Systems
3 Dual-Beam UV/Visible Spectroscopy Systems
4 Array-Based UV/Visible Spectroscopy Systems
5 Handheld UV/Visible Spectroscopy Systems
UV/Visible Spectroscopy Market, By Application
2 Academic Applications
3 Industrial Applications
4 Life Science R&D
5 Biomedical Research
6 Pharma/Biotech/Medtech Research
7 Quality Assurance/Quality Control
8 Environmental Testing
UV/visible spectroscopy market comprises academic applications and industrial applications.
In 2016, industrial applications segment is estimated to account for largest share of UV/visible spectroscopy market. This is also fastest growing segment in forecast period as UV/visible spectroscopy is widely being adopted in several industries as an analytical technique due to its affordability, simplicity and scalability.
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Global UV/visible spectroscopy market witnessed various new product offerings offered by big and small firms. Product launches; expansions; agreements, partnerships, and collaborations; acquisitions, and other strategies (certification & business restructure) were key developments undertaken by companies to increase their market shares and to establish a strong foothold in global market.
2 Market Share Analysis
3 Competitive Situation and Trends
4 Product Launches
6 Agreements, Partnerships, and Collaborations
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North America is expected to account for largest share of UV/visible spectroscopy market, followed by Europe, Asia-Pacific, & Rest of the World (RoW). In coming years, UV/visible spectroscopy is expected to witness highest growth rate in Asia-Pacific region.
High growth in these regions can be attributed to entry of key market players into this market, growing food safety and environmental pollution concerns and budding life science R&D sector in this region.
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