Global Molecular Spectroscopy Market to grow at a CAGR of 6.25% during the period 2017-2021
The following companies as the key players in the global molecular spectroscopy market: Agilent Technologies, Bruker, PerkinElmer, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: ABB, AMS Technologies, Analytik Jena, Cole-Parmer, FOSS, Hitachi High-Technologies, JASCO, JEOL, Oxford Instruments, and Shimadzu.
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Commenting on the report, an analyst from Reports team said: The latest trend gaining momentum in the market is growing cases of cancer. There is an increasing prevalence of cancer worldwide due to an unhealthy diet, lack of physical activity, tobacco usage, and excessive alcohol consumption. There is a parallel rise in the number of cancer research where cancer cells are studied using molecular spectroscopy technologies such as Raman spectroscopy, based on which appropriate and possible treatments solutions are tested. The identification and measurement of Raman scattering are used frequently in the detection and diagnosis of various cancers including breast, brain, cervical, pancreatic, and colon.
According to the report, one of the major drivers for this market is technological advances. In the last few years, molecular spectroscopy has witnessed an extension of its applications in medical, biological, and sensing fields. This has prompted the vendors to improve their existing instrumentation and develop new products based on the changing needs of customers.
Further, the report states that one of the major factors hindering the growth of this market is high cost of instruments.
Molecular spectroscopy technologies with specific and advanced features are expensive to procure and maintain due to which their adoption can be hindered. In cases of customization as per end-user needs, the total cost of the molecular spectroscopy will increase.
About Molecular Spectroscopy
Spectroscopy is used to ascertain the structure, mass, and composition of the substance under consideration and provide an accurate analysis for the same. Generally, spectroscopy is divided into two segments namely, atomic and molecular spectroscopy. Molecular spectroscopy is an analytical technology used for measuring the spectrum response of molecules interacting with several energies and frequencies.
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Covered in this report
The report covers the present scenario and the growth prospects of the global molecular spectroscopy market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of molecular spectroscopy from the product type such as:
Molecular spectroscopy consumables include software, bottles, syringes, brushes, forceps, and needles that are used in data interpretation.
Molecular spectroscopy instruments include equipment used for molecular analysis of a given sample among end-users.
The market is divided into the following segments based on geography:
Global Molecular Spectroscopy Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Thermo Fisher Scientific
Other prominent vendors
For a full, detailed list, view our report
High cost of instruments
For a full, detailed list, view our report
Growing cases of cancer
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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