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Spectrometry Global Market Forecast to 2022 [Report Updated: 20062016] Prices from USD $4500

12:56 EDT 18 Aug 2017 | BioPortfolio Report Blog

Spectrometry is a technology or combination of two which make use of electromagnetic radiations for qualitative and quantitative sample analysis so as to obtain structural data and identify chemical makeup of a sample. Spectrometry measurements with rapid and accurate information results in improved productivity efficiency, better quality of the transformed products with reduced cost and decreased waste products.

The global spectrometry market is valued to be $XX million in 2015 and poised to grow at a CAGR of X% to reach $20,075 million by 2022. Spectrometry market is mainly classified into technology, application and endusers and geography. The global spectrometry market by technology is further divided into atomic spectrometry, mass spectrometry and molecular spectrometry.
The atomic spectrometry market is further divided into atomic absorption spectrometry AAS, Xray diffraction spectrometry XRD, Xray fluorescence spectrometry XRF, Xray photoelectron spectrometry XPS, inductively coupled plasmaatomic emission spectrometer ICPAES, elemental analyzers and others which includes arc/spark optical emission spectrometry and glow discharge optical emission spectrometry GDOES.
The mass spectrometry includes gas chromatographymass spectrometry GCMS, liquid chromatographymass spectrometry LCMS, inductively coupled plasma mass spectrometry ICPMS, Magnetic sector mass spectrometry MSMS, Fourier transform mass spectrometry FTMS and others. The gas chromatographymass spectrometry GCMS is further subsegmented into single quadrupole gas chromatographymass spectrometry SQ GCMS, triplequadrupole gas chromatographymass spectrometry TQ GCMS, quadrupoletime of flight gas chromatographymass spectrometry QToF GCMS and others orbitrap. The liquid chromatographymass spectrometry LCMS is subsegmented into single quadrupole liquid chromatographymass spectrometry SQ LCMS, triplequadrupole liquid chromatographymass spectrometry TQ LCMS, quadrupoletime of flight liquid chromatographymass spectrometry QToF LCMS and others orbitrap. Inductively coupled plasma mass spectrometry ICPMS includes single quadrupole ICPMS, high resolution ICPMS and multicollector ICPMS. Lastly, the others segment contains secondary ion mass spectrometry SIMS and matrixassisted laser desorption/ionizationtime of flight spectrometry MALDITOF.
Molecular spectrometry is classified into nuclear magnetic resonance spectrometry NMR, ultraviolet visible spectrometry UVVis, infrared spectrometry IR, color measurement and Raman spectrometry. The nuclear magnetic resonance is subsegmented into continuous wave, fourier transform and solid state NMR. The ultraviolet visible spectrometry is further classified into single beam, double beam and array based UVvisible spectrometry. Infrared segment includes near infrared NIR, mid infrared MIR and far infrared spectrometry FIR. Color measurement includes luminescence which is further subsegmented into fluorescence spectrometry. Raman spectrometry is further classified into fourier transform, surface enhancing and micro Raman spectrometry.
The spectrometry application market includes agriculture, food and beverage, biotechnology, pharmaceuticals, environmental testing, chemical industry, semiconductors/electronics/nanotechnology and others which include forensic, geology, petrochemical industry, defence industries, cosmetics, archaeology, marine emission control MEC, material science, oil and gas and automotive.
Among the spectrometry technology type, the Molecular spectrometry segment dominated the market by occupying a largest share of XX%. At the same time, mass spectrometry market is the fastest growing segment with a CAGR of 8.9% from 2015 to 2022. In applications, pharmaceuticals segment holds the largest share of 32.9% and semiconductors/electronics/nanotechnology is the fastest growing segment with a CAGR of X% from 2015 to 2022. Geographical wise, North America is the largest market, with a share of XX% followed by Europe, Rest of the World and Asia. The AsiaPacific region is the fastest growing region with a CAGR of X% from 2015 to 2022 suggesting an array of opportunities for growth and likely to be getting into the eyes of new investors in the spectrometry market. Growth in AsiaPacific market is attributed to increased funding from the corresponding governments for research activities, technological advancements, increased pharmaceutical and biotechnological research.
The spectrometry market is expected to grow steadily at a CAGR of X% during 2015 to 2022. The factors driving the growth of this market are increased use of handheld and portable spectrometer devices, high rate influx of innovative products, increasing demand from emerging countries and fund allotment from government organizations and companies are likely to propel the spectrometry market.
However, complex regulatory guidelines, huge capital investments and shortage of skilled technicians are hampering the growth of the market. The threat for the spectrometry market includes unfavourable economic conditions and political instability that leads to reduced product sales.
The spectrometry global market is a highly fragmented market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares. Some of the key players of the spectrometry market are AB Sciex U.S., Agilent Technologies Inc U.S., Analytik Jena AG Germany, Biomerieux France, Bruker Corporation U.S., Horiba Japan, Perkin Elmer U.S., Shimadzu Corporation Japan, Thermo Fisher Scientific Inc U.S., and Waters Corporation U.S..
The report provides an in depth market analysis of the above mentioned segments across the following regions:
North America
Europe
AsiaPacific
Rest of the World RoW

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