Spectrometry is an analytical technique that helps in the identification of compounds and elements. Spectroscopy is the investigation and measurement of spectra produced by each type of atom or molecule present in the sample. The molecules or atoms will only absorb wavelengths with energies corresponding to the energy difference of the present electron transition and emit electromagnetic radiation, thus deducing and analyzing the composition of a sample by a chemical analyst. This identification is based on measuring radiant energy emitted by a substance when in a higher energy state. Spectrometry equipment plays a vital role in the analytical, pharmaceutical, and life science industries.
MARKET SCOPE
The "Global Spectrometry Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Spectrometry market with detailed market segmentation by type, application, end use, and geography. The report provides key statistics on the market status of the leading Spectrometry market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Spectrometry market is segmented into mass spectrometry, atomic spectrometry, molecular spectrometry, others.
- On the basis of application, the market is segmented into biotechnology, pharmaceuticals, environmental testing, industrial chemistry, food and beverages testing, others.
- On the basis of end use, the market is segmented into government & academic institutions, pharmaceutical & biotechnology companies, others.
MARKET DYNAMICS
Drivers:
- Rise in the demand for automation in diagnostic techniques.
- Technological advancements in spectrometry system.
- Increasing R&D spending by pharmaceutical industry and government organizations.
- Rising awareness and adoption of spectrometry
Restraints:
- The high cost of spectrometry system is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Spectrometry market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Spectrometry market in these regions.
IMPACT OF COVID-19ON SPECTROMETRY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Spectrometry market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Spectrometry market are anticipated to lucrative growth opportunities in the future with the rising demand for Spectrometry in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Spectrometry market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Thermo Fisher Scientific, Inc.
- PerkinElmer, Inc.
- Agilent Technologies
- Waters Corporation
- Shimadzu Corporation
- Bruker Corporation
- JEOL Ltd.
- FLIR Systems, Inc.
- Endress+Hauser Group
- MKS Instruments, Inc.