UV/Visible Spectroscopy Market CAGR, Growth Rate, Drivers, Restraints, Opportunities and Forecast Analysis

UV/Visible Spectroscopy Market analysis report figures out the market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, the potential of the market in the present and the future prospects from various angles. This market report comprises data that can be pretty essential when it comes to dominating the market or making a mark in the Medical Devices industry as a new emergent. To bestow clients with the best results, UV/Visible Spectroscopy Market research report is produced by using integrated approaches and the latest technology.

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Major players:

Shimadzu Corporation (Japan),

Agilent Technologies (US),

Thermo Fisher Scientific, Inc. (US),

PerkinElmer, Inc. (US).,

Bio-Rad Laboratories, Inc. (US),

Bruker Corporation (US),

Hach Company (US),

Hitachi High-Technologies Corporation (Japan),

HORIBA., Ltd (Japan),

Mettler-Toledo (Switzerland),

Hamamatsu Photonics KK (Japan),

Cole-Parmer (UK),

Analytik Jena (Germany),

GBC Scientific Equipment (US),

JASCO Inc. (US),

Buck Scientific (US),

Biochrom Ltd (UK),

AMETEK Process,

PG Instruments Ltd (UK)

and PERSEE ANALYTICS, Inc (US).

The global UV/visible spectroscopy market is projected to reach USD 1.2 billion by 2025 from USD 1.0 billion in 2020 at a CAGR of 4.7%.

Growth in UV/visible Spectroscopy market is mainly driven by factors such as application of UV/visible spectroscopy in environmental screening, growing use of UV/visible spectroscopy in pharmaceutical & biotechnology industry, technological advancements and increasing need for food analysis.

Breakdown of supply-side primary interviews:

    • By Company Type: Tier 1 – 74%, Tier 2 – 17%, and Tier 3 – 9%
    • By Designation: C-level – 23%, Director-level – 29%, and Others – 48%
  • By Region: North America – 40%, Europe – 29%, APAC – 14, and RoW – 17%

“Dual-beam Systems segment is expected to account for the largest share of the UV/visible Spectroscopy instrument type market in 2019.”

On the basis of instrument type, the UV/visible Spectroscopy market is segmented into dual-beam systems, single beam systems, array-based systems and handheld systems. In 2019, the dual-beam systems segment accounted for the largest share of the UV/visible spectroscopy market. This segment is also projected to register the highest CAGR during the forecast period. Dual-beam systems enable a high level of automation in data collection. Such advantages offered by dual-beam systems are supporting its increased adoption in the UV/visible spectroscopy market.

“Industrial applications segment is expected to grow at the highest CAGR in the global UV/visible Spectroscopy market during the forecast period. “

On the basis of application, the UV/visible spectroscopy market is segmented into academic and industrial applications. The industrial applications segment accounted for the largest share of the UV/visible spectroscopy market in 2019. This is mainly due to the ease of use, flexibility, affordability, and scalability of UV/visible spectrometers. Technological advancements in instrumentation that have enabled high-throughput screening, microvolume sampling, and automation in instrumentation and software integration have also increased the adoption of this analytical technique for industrial applications.

“Pharmaceutical and Biotechnology companies is expected to account for the largest share during the forecast period.”

Based on end user segment, the market is segmented into Pharmaceutical & biotechnology companies, academic & research institutes, agriculture & food industries and Environmental testing labs. Pharmaceutical & biotechnology companies segment accounted for the largest share of the UV/visible spectroscopy market. The large share of this segment can be attributed to factors like innovations in biotechnology research and increasing focus on pharmaceutical and biotechnology companies to expand their product pipelines.

“North America is expected to dominate the UV/visible spectroscopy market during the forecast period.”

Geographically, North America is expected to dominate the global the UV/visible spectroscopy market in 2019, while the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the increasing environmental concerns, rising demand for food analysis and increasing need to adopt technologically advanced products.

Impact of Covid-19 Pandemic on the UV/visible spectroscopy Market:

The COVID-19 outbreak has upended many lives and businesses on an unprecedented scale. The rising prevalence of coronavirus disease has driven the demand for accurate diagnosis and treatment devices in several countries across the globe. Due to the COVID-19 outbreak, medical practices of all sizes are under immense pressure, and healthcare facilities across the globe have been overwhelmed by the large number of patients visiting them on a daily basis. Biopharmaceutical scientists and engineers are working round the clock to develop advanced biomanufacturing operations that can cater to future pandemics and outbreaks. This has resulted in large-scale investments from government as well as private institutions in setting up more facilities with advanced technologies. Pharmaceutical & Biotechnology companies the biggest end users of the UV/visible spectroscopy market have not been affected by the Covid-19 outbreak while the growth of academic and research institutes has been hampered due to the lockdown imposed.

Research Coverage

This report studies the UV/visible spectroscopy market based on instrument type, application, region and end user. The report also studies factors (such as drivers, restraints, and opportunities) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key Benefits of Buying the Report

This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together for mbasic views and analyze the competitive landscape, emerging segments of the UV/visible spectroscopy market, and high-growth regions with their drivers, restraints, challenges, and opportunities. The report also covers the impact of Covid-19 on the UV/visible spectroscopy market. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 1 Research Methodology: Global Uv/Visible Spectroscopy Market
Figure 2 Research Design
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2.2.1 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
Figure 4 Research Methodology: Hypothesis Building
2.3.1 Revenue Mapping-Based Market Estimation
Figure 5 Revenue Mapping-Based Market Size Estimation
2.4 Market Data Validation And Triangulation
Figure 6 Data Triangulation Methodology
2.5 Assumptions For The Study
2.6 Covid-19 Specific Assumptions

3 Executive Summary
Figure 7 Uv/Visible Spectroscopy Market, By Instrument Type, 2020 Vs. 2025 (Usd Million)
Figure 8 Uv/Visible Spectroscopy Market, By Application, 2020 Vs. 2025 (Usd Million)
Figure 9 Uv/Visible Spectroscopy Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 10 Geographical Snapshot Of The Uv/Visible Spectroscopy Market

4 Premium Insights
4.1 Uv/Visible Spectroscopy Market Overview
Figure 11 Growing Use Of Uv/Visible Spectroscopy Instruments In The Pharmaceutical & Biotechnology Industry To Drive Market Growth
4.2 North America: Uv/Visible Spectroscopy Market, By Application & Country (2019)
Figure 12 Industrial Applications Segment Accounted For The Largest Share Of The North American Uv/Vis Spectroscopy Market In 2019
4.3 Uv/Visible Spectroscopy Market Share, By Instrument Type, 2020 Vs. 2025
Figure 13 Dual-Beam Systems Will Continue To Dominate The Uv/Visible Spectroscopy Market In 2025
4.4 Uv/Visible Spectroscopy Market Share, By Application, 2020 Vs. 2025
Figure 14 Industrial Applications Dominate The Uv/Visible Spectroscopy Market, By Application
4.5 Uv/Visible Spectroscopy Market Share, By End User, 2020 Vs. 2025
Figure 15 Pharmaceutical & Biotechnology Companies Are The Largest End Users Of Uv/Visible Spectroscopy Instruments

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Uv/Visible Spectroscopy Market: Drivers, Restraints, & Opportunities
5.2.1 Drivers
5.2.1.1 Application Of Uv/Visible Spectroscopy In Environmental Screening
5.2.1.2 Growing Use Of Uv/Visible Spectroscopy In The Pharmaceutical & Biotechnology Industry
5.2.1.3 Technological Advancements
5.2.1.4 Increasing Need For Food Analysis
5.2.2 Restraints
5.2.2.1 Longevity Of Instruments
5.2.2.2 Dearth Of Skilled Professionals
5.2.3 Opportunities
5.2.3.1 Development Of Microvolume Sampling Systems
5.2.3.2 Growing Opportunities In Emerging Nations
5.2.3.3 Increasing Investments In Molecular Diagnostics
5.2.3.4 Emergence Of Biobanking
5.3 Impact Of The Covid-19 Pandemic On The Uv/Visible Spectroscopy Market
5.4 Value Chain Analysis
Figure 17 Major Value Is Added During The Manufacturing And Assembly Phase
5.4.1 Research & Development
5.4.2 Manufacturing & Assembly
5.4.3 Distribution, Marketing & Sales, And Post-Sales Services
5.5 Supply Chain Analysis
5.5.1 Prominent Companies
5.5.2 Small And Medium-Sized Enterprises
5.5.3 End Users
Figure 18 Distribution—A Strategy Preferred By Prominent Companies
Figure 19 Ecosystem Analysis Of The Uv/Visible Spectroscopy Market

6 UV/Visible Spectroscopy Market, By Instrument Type
6.1 Introduction
Table 1 Uv/Visible Spectroscopy Market, By Instrument Type, 2018–2025 (Usd Million)
6.2 Single-Beam Systems
6.2.1 Single-Beam Systems Are More Economical As Compared To Dual-Beam Systems
Table 2 Single-Beam Uv/Visible Spectroscopy Systems Market, By Region, 2018–2025 (Usd Million)
6.3 Dual-Beam Systems
6.3.1 Dual-Beam Systems Will Register The Highest Growth Rate In The Forecast Period
Table 3 Dual-Beam Uv/Visible Spectroscopy Systems Market, By Region, 2018–2025 (Usd Million)
6.4 Array-Based Systems
6.4.1 Rising Pharmaceutical & Biotechnology R&D Will Drive Market Growth
Table 4 Array-Based Uv/Visible Spectroscopy Systems Market, By Region, 2018–2025 (Usd Million)
6.5 Handheld Systems
6.5.1 Handheld Systems Are Usually Dedicated To One Wavelength And Analyte
Table 5 Handheld Uv/Visible Spectroscopy Systems Market, By Region, 2018–2025 (Usd Million)

7 UV/Visible Spectroscopy Market, By Application
7.1 Introduction
Table 6 Uv/Visible Spectroscopy Market, By Application, 2018–2025 (Usd Million)
7.2 Industrial Applications
Table 7 Uv/Visible Spectroscopy Market For Industrial Applications, By Region, 2018–2025 (Usd Million)
Table 8 Uv/Visible Spectroscopy Market For Industrial Applications, By Type, 2018–2025 (Usd Million)
7.2.1 Life Science R&D
7.2.1.1 Life Science R&D Is The Largest & Fastest-Growing Segment Of The Market
Table 9 Life Science R&D Market, By Region, 2018–2025 (Usd Million)
Table 10 Life Science R&D Market, By Type, 2018–2025 (Usd Million)
7.2.1.2 Basic Research
Table 11 Basic Research Market, By Region, 2018–2025 (Usd Million)
7.2.1.3 Biomedical Research
Table 12 Biomedical Research Market, By Region, 2018–2025 (Usd Million)
7.2.1.4 Molecular Diagnostics
Table 13 Molecular Diagnostics Market, By Region, 2018–2025 (Usd Million)
7.2.1.5 Pharma/Biotech/Medtech Research
Table 14 Pharma/Biotech/Medtech Research Market, By Region, 2018–2025 (Usd Million)
7.2.2 Quality Assurance/Quality Control
7.2.2.1 Reliable Results Offered By Uv/Visible Spectroscopy Has Resulted In The Increased Adoption Of This Technique In Qa/Qc Laboratories
Table 15 Quality Assurance/Quality Control Market, By Region, 2018–2025 (Usd Million)
7.2.3 Production
7.2.3.1 Growing Concerns About Food Safety Have Increased The Adoption Of Uv/Visible Spectroscopy In This Application Segment
Table 16 Production Market, By Region, 2018–2025 (Usd Million)
7.2.4 Environmental Testing
7.2.4.1 Uv/Visible Spectroscopy Is Used In Environmental Testing Labs To Analyze Water Samples
Table 17 Environmental Testing Market, By Region, 2018–2025 (Usd Million)
7.3 Academic Applications
Table 18 Uv/Visible Spectroscopy Market For Academic Applications, By Region, 2018–2025 (Usd Million)
Table 19 Uv/Visible Spectroscopy Market For Academic Applications, By Type, 2018–2025 (Usd Million)
7.3.1 Life Science Studies
7.3.1.1 Life Science Studies Is The Fastest-Growing Segment Of The Academic Applications Market
Table 20 Life Science Studies Market, By Region, 2018–2025 (Usd Million)
7.3.2 Environmental Sciences
7.3.2.1 Reliability, Ease Of Use, And Affordability Are Some Of The Advantages Of Uv/Visible Spectroscopy Systems In Environmental Sciences
Table 21 Environmental Sciences Market, By Region, 2018–2025 (Usd Million)
7.3.3 Physical Chemistry Studies
7.3.3.1 Uv/Visible Spectroscopy Is Routinely Used In Physical Chemistry Studies Involving Colorimetry
Table 22 Physical Chemistry Studies Market, By Region, 2018–2025 (Usd Million)

8 UV/Visible Spectroscopy Market, By End User
8.1 Introduction
Table 23 Uv/Visible Spectroscopy Market, By End User, 2018–2025 (Usd Million)
8.2 Pharmaceutical & Biotechnology Companies
8.2.1 Increasing Focus Of Pharmaceutical & Biotechnology Companies On Expanding Their Product Pipelines To Boost Market Growth
Table 24 Uv/Visible Spectroscopy Market For Pharmaceutical & Biotechnology Companies, By Region, 2018–2025 (Usd Million)
8.3 Academic & Research Institutes
8.3.1 Emphasis On Practical Applications Instead Of Theoretical Knowledge Has Increased The Use Of High-End Instruments In Academic Institutes
Table 25 Uv/Visible Spectroscopy Market For Academic & Research Institutes, By Region, 2018–2025 (Usd Million)
8.4 Agriculture & Food Industries
8.4.1 Analysis Of Food Products For The Maintenance Of Quality & Hygiene To Increase The Adoption Of Life Science Instruments
Table 26 Uv/Visible Spectroscopy Market For Agriculture & Food Industries, By Region, 2018–2025 (Usd Million)
8.5 Environmental Testing Laboratories
8.5.1 Concerns Regarding Environmental Pollution Will Increase The Adoption Of Analytical Tools In This Segment
Table 27 Uv/Visible Spectroscopy Market For Environmental Testing Laboratories, By Region, 2018–2025 (Usd Million)

9 UV/Visible Spectroscopy Market, By Region

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