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Ultraviolet-Visible Spectroscopy Market Share, Growth Analysis And Forecast To 2032
The Business Research Company's Ultraviolet-Visible Spectroscopy Global Market Report 2023 identifies the outbreak of COVID-19 led to increase in the production of pharmaceutical drugs and the demand for vaccines and fueled the growth of the ultraviolet-visible spectroscopy market. Due to the increased demand for certain drugs during the pandemic, the demand for ultraviolet-visible spectroscopy instruments also grew for research and development of new medications and vaccines. UV Vis spectrophotometry provides fast, easy, and accurate characterization of components such as nucleic acids, proteins, and additives/preservatives and can impact the time-to-result for both downstream and upstream processes, including quality control. According to a study by Mettler Toledo, these instruments were extremely crucial for the development of the COVID-19 vaccines and thus supported the growth of the market.The global ultraviolet-visible spectroscopy market size grew from $1.42 billion in 2022 to $1.49 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The ultraviolet-visible spectroscopy market size is expected to grow to $1.83 billion in 2027 at a CAGR of 5.3%.
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Major players in the ultraviolet-visible spectroscopy market are Shimadzu Corporation, Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., Bio-Rad Laboratories, Hitachi High-Technologies Corporation, Buck Scientific, Bruker Corporation, Mettler-Toledo, Cole-Parmer, GBC Scientific Equipment, Hach Company, HORIBA. Ltd., Hamamatsu Photonics K.K, Analytik Jena, GBC Scientific Equipment, Biochrom, Ametek Process Instruments, Cecil Instrument, and GE Healthcare.
Companies in the market are increasingly investing in the handheld or portable ultraviolet-visible spectroscopy market, which allows consumers to take informed decisions on the spot, thus saving valuable time. Major companies operating in the ultraviolet-visible spectroscopy sector are focused on developing portable technological solutions for ultraviolet-visible spectroscopy.
Read More On The Global Ultraviolet-Visible Spectroscopy Market Report Here:
https://www.thebusinessresearchcompany.com/report/ultravioletvisible-spectroscopy-global-market-report
The Ultraviolet-Visible Spectroscopy market is segmented -
1) By Instrument type: Single-Beam System, Double-Beam System, Array Based System, Handheld System
2) By Application: Industrial Applications, Physical Chemistry Studies, Life Science Studies, Environmental Studies, Academic Applications, Life Science Research and Development, Quality Assurance and Quality Control
3) By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Agriculture And Food Industries, Environmental Testing Labs
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Ultraviolet-Visible Spectroscopy market.
The Business Research Company's "Global Ultraviolet-Visible Spectroscopy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ultraviolet-Visible Spectroscopy Market Include:
1. Executive Summary
2. Ultraviolet-Visible Spectroscopy Market Characteristics
3. Ultraviolet-Visible Spectroscopy Market Trends And Strategies
4. Ultraviolet-Visible Spectroscopy Market - Macro Economic Scenario
5. Ultraviolet-Visible Spectroscopy Market Size And Growth
.....
26. Africa Ultraviolet-Visible Spectroscopy Market
27. Ultraviolet-Visible Spectroscopy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ultraviolet-Visible Spectroscopy Market
29. Ultraviolet-Visible Spectroscopy Market Future Outlook and Potential Analysis
30. Appendix
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