Insights on the Spectrometry Global Market to 2031 - Increasing Utilization of Spectrometry Techniques in Pharmaceutical & Biotechnological Companies for Drug Testing is Driving Growth
Spectrometry is classified into molecular spectrometry, mass spectrometry, and atomic spectrometry.
DUBLIN, Oct. 10, 2022 /PRNewswire/ -- The "Spectrometry Market By Type, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global spectrometry market was valued at $11,124.97 million in 2021, and is estimated to reach $20,313.5 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
Spectrometry is a broad branch of research that examines and analyzes the electromagnetic spectra produced by the interaction of electromagnetic radiation with matter as a function of wavelength or frequency. It is a technique for detecting particular substances, such as chemical compounds, impurities, contaminants, or pollutants by ionizing and separating a test sample. Spectrometry is classified into molecular spectrometry, mass spectrometry, and atomic spectrometry.
Molecular spectroscopy is the study of interactions between electromagnetic waves and molecules. Mass spectrometry is a technique for determining the mass-to-charge ratio (m/z). Atomic spectrometry is the measurement of the electromagnetic radiation absorbed and emitted by atoms. It has wide applications in various different industries such as life science, food & beverages, environmental, and petrochemical industries.
The major factor that drives the growth of the spectrometry market is increase in the utilization of spectrometry techniques in pharmaceutical & biotechnological companies for drug testing, drug discovery, protein testing, raw materials testing and for the quality assurance & quality control of the products. Surge in the demand for techniques in food & beverage testing laboratories to verify the quality as well as presence of any toxic substance that may risk health is driving the growth of the spectrometry market. In addition, spectral analysis is used in environmental testing for carbon dioxide and pollution control, drinking water, waste water, pesticide screening and quantitation, soil contamination assessment, and others.
Other factors that propel the market growth include increase in various key developmental strategies such as product launch, collaboration, partnership, business expansion and others aimed at increasing the accessibility of these instruments across the globe through its subsidiaries or distributors, further propelling the growth of the market. However, high cost of the instruments and lack of skilled technicians are expected to hinder the growth of the market.
Conversely, surge in the R & D and technological advancements in the spectrometry instruments and its increasing applications in QA & QC boost the market growth. For instance, in November 2021, Thermo Fisher Scientific Inc., announced launch of new mass spectrometry solutions; Thermo Scientific Orbitrap Exploris MX at the 69th American Society for Mass Spectrometry (ASMS) conference.
It enables biopharmaceutical laboratories to use the multi-attribute method (MAM) to perform intact monoclonal antibody analysis, oligonucleotide mass determination, and peptide mapping with ease. Thus, launch of such products fuels the growth of the market. Presence of a plethora of products in the pipeline, and high market potential in untapped emerging economies are anticipated to serve as attractive opportunities during the forecast period.
The spectrometry market is segmented on the basis of type, end user, and region. On the basis of type, the market is categorized into molecular spectrometry, mass spectrometry, and atomic spectrometry. Molecular spectrometry segment is further segmented into visible & ultraviolet spectroscopy, infrared & near infrared spectroscopy, nuclear magnetic resonance spectroscopy, and Raman spectroscopy. Mass spectrometry segment is further segmented into hybrid mass spectroscopy, single mass spectroscopy, and others. Atomic spectrometry segment is further segmented into atomic absorption spectroscopy, X-ray diffraction spectroscopy, X-ray fluorescence spectroscopy, inductively coupled plasma optical emission spectroscopy, and inductively coupled plasma mass spectrometry.
By application, it is segregated into pharmaceutical & biotechnology companies, research & academic institutes, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA). The major players profiled in the report are Agilent Technologies, Bruker Corporation, Danaher Corporation (SCIEX), Endress+Hauser Group (Analytics Jena GmbH), Leco Corporation, Kore Technology, PerkinElmer, Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., and Waters Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the world spectrometry market analysis from 2021 to 2031 to identify the prevailing world spectrometry market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the world spectrometry market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global world spectrometry market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: WORLD SPECTROMETRY MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Molecular Spectrometry
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Mass Spectrometry
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Atomic Spectrometry
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: WORLD SPECTROMETRY MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Pharmaceutical and Biotechnology Companies
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Research and Academic Institutes
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: WORLD SPECTROMETRY MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Thermo Fisher Scientific, Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Danaher Corporation
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Agilent Technologies
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Waters
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Bruker Corporation
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 shimadzu corporation
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Perkin Elmer Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 endress+hauser group
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Leco Corporation
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Kore Technology
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/vfwr07
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