Technical Insights : Spectroscopy Market 2023 - Bruker Corp, Danaher Corp, Ionsense Inc, JEOL Ltd and Zurich Instruments AG

Albany, NY, 17th June : Recent research and the current scenario as well as future market potential of "Traditional and Emerging Spectroscopy Techniques in Life Sciences" globally.

Spectroscopy helps in the understanding of the interaction between electromagnetic radiation and matter. Spectroscopic data are mostly represented by an emission spectrum, which explains the function of frequency or wavelength. Spectroscopy is a fundamental exploratory tool in various fields such as chemistry, physics, life science, and astronomy. Biomedical spectroscopy is one of the important and major applications of spectroscopy. Such spectroscopy are widely used in the areas of medical imaging and tissue analysis. Such USPs are driving the global spectroscopy market.

Get Free PDF for more Professional and Technical insights @ https://www.researchmoz.us/enquiry.php?type=S&repid=2168326

Apart from this, rapid adoption of advanced spectroscopy techniques in pharmaceutical industry, and rising demand for biomedical spectroscopy in advanced research and development are also fueling growth in the global spectroscopy market. There are various types of spectroscopy available in the market such as UV-visible spectroscopy, near-infrared spectroscopy, Raman spectroscopy, and color-measurement spectroscopy. Growing need for drug discovery and treatment options for several diseases, and rising demand for reducing operational expenditure in pharmaceutical industry are further boosting the global spectroscopy market.

Furthermore, optical biopsy spectroscopy techniques are also poised to enter in clinical market. Apart from the clinical market, such spectroscopy techniques along with resonance Raman are also entering to commercial marketplace in the form of items such as food optical detectors and refrigerators for home use. Biopsy spectroscopy techniques are gaining traction owing to its potentiality in monitoring, and analyzing biological processes along with identifying various diseases. Apart from the pharmaceutical industry, rapid adoption of spectroscopic techniques in food and agriculture sectors, and increasing awareness about consuming quality food and drugs are also propelling expansion in the global spectroscopy market.

Report Highlights

The global spectroscopy technology market should grow from $13.2 billion in 2018 to $16.3 billion by 2023 at a compound annual growth rate (CAGR) of 4.4% for the period of 2018-2023.

Summary

Spectroscopy technologies in the field of bioscience are widely used in the study of biological materials through their interactions with radiations of different wavelengths. Spectroscopy provides valuable compositional and structural information pertaining to the biological materials. It is a multidisciplinary field consisting of spectrometers and applications.

The market is being driven by a plethora of advances in the field of spectroscopy, improvements in mass spectrometry workflow and instruments, and miniaturization of handheld instruments. These innovations and advances are driving spectroscopy applications in key markets such as diagnostics, proteomics, clinical and others. Furthermore, increasing adoption of spectroscopy-based analytical methods in pharmaceutical and biotechnology industries, surging demand of sophisticated equipment for measurement and high-performance testing, and growing adoption of spectrometric analysis in clinical and toxicological applications are major factors in the growth of the global market for spectroscopy.

The global spectroscopy market is projected to rise at a CAGR of xx% during the forecast period of 2018 through 2023. In 2023, total revenues are expected to reach more than $xx billion, an increase from $xx billion from 2018.

Growth in the pharmaceutical sector, along with increasing R&D in the pharma and biotech industry, presents a huge growth opportunity for the spectroscopy market. According to the Initiative and Referendum Institute Europe, in 2015, approximately $xx billion (xx billion) was spent on pharma and biotech R&D globally by the top 369 companies, representing an increase of xx% compared to2014. Furthermore, the International Trade Administration estimates that the global market for pharmaceuticals is projected to grow from approximately $xx trillion in 2015 to $xx trillion by 2020. Global economic and demographic trends driving the pharmaceutical market include a rising geriatric population and an associated rise in chronic diseases, increased urbanization and higher disposable incomes, greater government expenditure on healthcare and growing demand for more effective treatments.

The report provides an analysis, based on each market segment, by technology, application and end user. The technology segment is further sub-segmented into atomic spectroscopy, mass spectroscopy and molecular spectroscopy. Molecular spectroscopy held the largest market share of xx% in 2017 in terms of revenue, followed by atomic spectroscopy and mass spectroscopy. By 2023, total revenue from molecular spectroscopy is expected to exceed $xx billion. The mass spectroscopy segment is estimated to rise at the highest CAGR, at xx%, through 2023. Total revenue from the mass spectroscopy segmentis expected to reach nearly $xxbillion by 2023.

Report Scope:

The study covers atomic, mass and molecular spectroscopy. It also covers the research institution, pharmaceutical and biotechnology and other end-user market segments. The main geographical marketsNorth America, Europe, Asia and Rest of World (ROW)are examined.

Technology status and market driving forces are discussed and analysed. Factors that influence each market are also highlighted, including the forces driving growth, industry alliances and acquisitions, applications in diagnostics and drug development and testing, food and beverage testing and other customer needs and competitive trends.

Key industry acquisitions and strategic alliances are given for the three-year period from 2015 through June 2018.

This report also examines the main patent trends within the industry and profiles 30 of the major companies in the spectroscopy market.

Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=2168326

Report Includes:

- 56 data tables and 113 additional tables
- An overview of the spectroscopy in biosciences, their instruments and global markets
- Analyses of global market trends, with data from 2017 to 2018, and projections of CAGRs through 2023
- Detailed description of ultraviolet and visible absorption spectroscopy (UV-VIS), infrared absorption spectroscopy (IRS), raman spectroscopy, mass spectrometry (MS) and nuclear magnetic resonance spectroscopy (NMR)
- Discussion about background, key trends and market opportunity analysis
- Profiles of major companies of the industry, including Bruker Corp., Danaher Corp., Ionsense Inc., JEOL Ltd. and Zurich Instruments AG

Mr. Nachiket Ghumare,
ResearchMoz,
90 State Street, Albany NY, United States,
Tel: +1-518-621-2074,
USA-Canada Toll Free: 866-997-4948,
Email: sales@researchmoz.us,
Follow me on : https://marketinfo247.wordpress.com/

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

This release was published on openPR.