openPR Logo
Press release

Spectroscopy Equipment and Supplies Market will Represent a Value of US$ 28.8 Billion By 2027

01-14-2019 01:47 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Spectroscopy Equipment and Supplies Market will Represent

A recently published market research study by Future Market Insights, forecasts global demand for spectroscopy equipment and supplies will total US$ 17.1 Billion in 2019, representing a robust year-on-year growth rate of 6.4 percent. The demand will further rise to US$ 28.8 Billion in 2027. FMI, in its report, projects a robust demand for spectroscopy equipment and supplies, in the coming years, supported by technological advancements in spectroscopy equipment, increased adoption in healthcare and food safety industry, and growing digitization in laboratories—further supporting the automation trend. While healthcare application of spectroscopy equipment and supplies continue to generate maximum revenue, the demand for spectroscopy equipment and supplies has further spread to pharmaceutical, food safety testing, and drug development sectors, in order to enhance productivity and capabilities of analytical operation.

Portable Infrared Sensing Spectrometry Equipment Holds Promising Potential
Although infrared (IR) sensing have been widely used in detection and analysis applications, including fuel and oil analysis, food safety, flame and gas detection, and gesture sensor, it is only recently portable analyzers equipped with IR sensing technology have been fully utilized in outdoor setting, in filed, rather than a laboratory setup for spectrometry applications. Various portable spectrometry application include assessing oil in ship engines while on the move and in food safety to detect contamination, adulteration, and presence of additives in products such as oils, fruit juices, and milk. FMI indicates promising future for portable IR sensor-based spectrometry and its application in diverse industries including healthcare, pharmaceutical, IoT, and environmental monitoring. Equipment designers and core sensing technology suppliers are manufacturing compact, robust, and low-power portable IR sensor-based spectrometry to address the technological challenges associated with such equipment. It is also estimated that mid-IR sensors are optimal for food safety and fuel and oil applications.

“Continual investments and technological advancements in laboratory services and equipment is enabling hospitals to improve patient outcomes while also reducing costs and enhancing patient and physician satisfaction. The advancements in spectroscopy technologies increases the speed and resolution at an incredible rate, thereby increasing the demand for spectroscopy equipment and supplies. Manufacturers of spectroscopy equipment and supplies are increasingly focusing in developing holistic solutions for various application, with an aim to increase the speed of the experiments and also its precision”, says a senior analyst. Moreover, digitization of laboratories that are continually looking for more efficient and effective ways to maximize the outcomes of their experiments involving mixing, testing, and shaking amongst other laboratory processes, the analyst explains further.

Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8032

Concentrated Application Anticipated in Molecular Spectroscopy
With expansions into biological, medical, and sensing application, molecular spectroscopy has built upon existing instrumentations, translating into superior technique innovations in the form of Raman, fluorescence, and infrared spectroscopy. Technological advancements have helped in removing barriers associated with diffraction limit of light and imaging through difficult media including bones and plastic. Spectroscopy equipment and supplies, as per the report, will continue to witness maximum application in molecular spectroscopy, accounting for a market share of nearly 35 percent, through the forecast period of 2018-2027. Recently, a team of researchers, for the first time, applied 2-D spectroscopy to isolated molecular systems, opening up a range of applications of spectroscopy equipment and supplied including photovoltaics and optoelectronics.

Competition Landscape Analysis
FMI, in its in-depth analysis of the spectroscopy equipment and supplies market, has carefully studied the leading manufacturers of spectroscopy equipment and supplies, which indicates a fairly balanced competitive landscape. Tier-1 players such as Agilent Technologies, Thermo Fisher Scientific, Inc., Hitachi High-Technologies Corporation, and PerkinElmer, Inc—all having significant regional and global presence, hold an approximate share of 37 percent of the overall market. Tier-2 manufacturers of spectroscopy equipment and supplies, including Bruker Corporation and Shimadzu Corporation, have relatively less offerings compared to tier-1 players, hold approximately 33 percent of the total market share. The new entrants in the spectroscopy equipment and supplies market constitute the tier-3 category, with individual companies holding a share of less than 2 percent. Core forward market strategies include:

Increased spending on research and development initiatives.
Technological innovations, expanding applications, and increasing demand for advanced laboratory is creating opportunities for strategic tie-ups in the form of mergers and acquisitions and collaborations.

Manufacturers of laboratory equipment such as spectroscopy equipment and supplies are also focusing on developing new products with improved functional ability and advanced feature—to expand their product portfolio and offer operation specific products to end-users.

Purchase This Report @ https://www.futuremarketinsights.com/checkout/8032

In-depth regional analysis of the global spectroscopy equipment and supplies market projects North America as the most attractive pocket, owing to increased spending on research and development initiatives in the region. Moreover, APEJ and Europe also display investment opportunities for manufacturers of spectroscopy equipment and supplies considering large number of research laboratories based in the region along with ongoing advancements in the pharmaceutical industry. Latin America, too likely to demonstrate a promising outlook for market growth.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Spectroscopy Equipment and Supplies Market will Represent a Value of US$ 28.8 Billion By 2027 here

News-ID: 1495250 • Views: 101

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for FMI

Combat Support Vehicle Market: Global Forecast over 2028 Says FMI
Combat Support Vehicle Market: Introduction Combat support vehicles are units that provide fire assistance and operational assistance to combat elements. Combat support vehicles fulfil a wide variety of support roles. For instance, they act as a protected ambulance, provide enhanced fire power, command and control, combat engineering functions and serve as a base for intelligence, security and communications. Combat support vehicles also provide a high degree of maneuverability and protection. With
Agar Market to surpass US$ 357,091.6 by 2026 | FMI
Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5. In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products.
FMI Releases New Report on the Camphor Market 2015 – 2025
Camphor is a crystalline and translucent terpene ketone with a pleasant odor. Camphor is predominantly produced from distillation of wood and bark of the camphor tree. Physical properties of camphor differ depending on the origin, species and growing conditions of the tree. Camphor is generally whitish or has light shades of different colors including gray and olive among others. Moreover, camphor can be synthetically produced by synthesis of turpentine oil
Duodenoscope Market Intelligence and Forecast by FMI 2016-2026
Duodenoscope is a side viewing endoscope primarily designed for Endoscopic Retrograde Cholangiopancreatography (ERCP) to diagnose diseases associated with pancreas and bile ducts with the help of fluoroscopic imaging procedure. Duodenoscopes are flexible, light weighted tubes that are relieved through the mouth, throat, and stomach till the duodenum portion. Duodenoscopes are being used in more than 500,000 gastrointestinal procedures in the U.S each year as a minimally invasive way than traditional
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during