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Ultraviolet-Visible Spectroscopy Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Ultraviolet-Visible Spectroscopy Market
Ultraviolet-Visible Spectroscopy Market Size Growth Forecast: What to Expect by 2025?
In the past few years, there has been substantial growth in the size of the ultraviolet-visible spectroscopy market. The market, which was valued at $1.57 billion in 2024, is projected to increase to $1.66 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. The expansion during the historic period is due to factors such as research in pharmaceutical and biotechnology, environmental monitoring, control of food and beverage quality, materials analysis, and the chemical and petrochemical industry.
How Will the Ultraviolet-Visible Spectroscopy Market Size Evolve and Grow by 2029?
In the coming years, the market size for ultraviolet-visible spectroscopy is anticipated to experience substantial growth. It's projected to reach a value of $2.19 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%. This expected growth within the forecast period can be linked to advancements in biomedical and life sciences research, drug development progress, widened environmental analysis, food and beverage quality assurance, and manufacturing materials characterization. The future trends during the forecast period involve the development of pharmaceutical drugs, integration of data analytics, applications of remote sensing and field, a growing demand for small and easily transportable devices, and partnerships aimed at method development.
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What Drivers Are Propelling the Growth of Ultraviolet-Visible Spectroscopy Market Forward?
The proliferation of COVID-19 led to a surge in pharmaceutical drug production and heightened demand for vaccines, which in turn bolstered the growth of the ultraviolet-visible spectroscopy market. Owing to the escalating demand for certain medicines during the pandemic, ultraviolet-visible spectroscopy tools also gained prominence for the research and creation of new drugs and vaccines. UV Vis spectrophotometry expedites the precise characterization of components like nucleic acids, proteins, and additives/preservatives, potentially influencing the timeframe for both downstream and upstream processes like quality control. As deduced from a study by Mettler Toledo, these devices played a cardinal role in the development of COVID-19 vaccines, therein bolstering the market's expansion.
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Which Emerging Trends Are Transforming the Ultraviolet-Visible Spectroscopy Market in 2025?
Key players in the ultraviolet-visible spectroscopy market are creating unique products such as rapid detection spectrometers to grow their customer reach and boost their sales and revenue. Rapid detection involves the use of a spectrometer outfitted with a detection system capable of quickly capturing and analysing data. For example, in April 2023, a leading manufacturer of precision, measurement, and medical instruments from Japan, Shimadzu Corporation, introduced the Tm Analysis System. This advanced tool is designed to improve the analysis of biomolecules' melting temperatures (Tm), especially nucleic acids. This system incorporates a UV-Vis spectrometer, the temperature-controlled cell holder TMSPC-8i, and LabSolutions UV-Vis Tm Analysis software. Specifically, the system has been developed to assess the thermal stability of nucleic acids, charting the absorbance changes as the temperature elevates. This aids in establishing the Tm value, revealing the temperature at which half of the DNA strands exist in a double-strand form and half in a single-strand form.
What Are the Key Segments in the Ultraviolet-Visible Spectroscopy Market?
The ultraviolet-visible spectroscopy market covered in this report 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
Subsegments:
1) By Single-Beam System: Basic Single-Beam Spectrophotometers, Advanced Single-Beam Systems
2) By Double-Beam System: Continuous Double-Beam Systems, Pulsed Double-Beam Systems
3) By Array Based System: CCD Array Spectrometers, CMOS Array Spectrometers
4) By Handheld System: Portable UV-Vis Spectrophotometers, Miniature Handheld Systems
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Who Are the Key Players Shaping the Ultraviolet-Visible Spectroscopy Market's Competitive Landscape?
Major companies operating in the ultraviolet-visible spectroscopy market include PG Instruments Ltd., Thermo Fisher Scientific Inc., GE Healthcare Company, Agilent Technologies Inc., Ametek Inc., Hitachi High-Technologies Corporation, PerkinElmer Inc., Mettler-Toledo International Inc., Shimadzu Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, HORIBA Ltd., Hamamatsu Hotonikusu Kabushiki-Kaisha, Hach Company, X-Rite Inc., Buck Scientific Inc., PERSEE PG Scientific Inc., Cole-Parmer Instrument Company, JASCO Inc., Biochrom Ltd., Cecil Instrument Ltd., Hunter Associates Laboratory Inc., GBC Scientific Equipment Pty Ltd., Kemtrak AB, Analytik Jena Shanghai Instruments Ltd., ColVisTec AG Inc., Applied Analytics Inc., Guided Wave Inc., ES Industry Pvt Ltd.
What Geographic Markets Are Powering Growth in the Ultraviolet-Visible Spectroscopy Market?
North America was the largest region in the ultraviolet-visible spectroscopy market share in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the ultraviolet-visible spectroscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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