HOME Top Market Reports UV/Visible Spectroscopy Market by Instrument Type (Single-Beam, Dual-Beam), Application [Academic Application (Physical Chemistry Studies), Industrial Application (Life Sciences R&D, Environmental Testing) - Global Forecasts to 2021

UV/Visible Spectroscopy Market by Instrument Type (Single-Beam, Dual-Beam), Application [Academic Application (Physical Chemistry Studies), Industrial Application (Life Sciences R&D, Environmental Testing) - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: AST 4640

 

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The UV/visible spectroscopy market is poised to reach USD 1,163.2 Million by 2021, growing at a CAGR of 4.3 % during the forecast period of 2016 to 2021. The growth of the market can be attributed to application of UV/visible spectroscopy in environmental testing; growing use in the pharmaceuticals and biotechnology industries; technological advancements in instrumentation; and increasing need for food analysis. In the coming years, the market is expected to witness the highest growth rate in the Asia-Pacific region. North America is expected to account for the largest share of the global UV/visible spectroscopy market in 2016. However, longevity of instruments and dearth of skilled professionals is likely to restrain the growth of the market to a certain extent during the forecast period.

The report segments the UV/visible spectroscopy market based on instrument type and application. The single-beam systems segment is expected to account for the largest share of the market, by instrument type in 2016. However, the array-based systems segment is expected to grow at highest CAGR. The technological advancements in the array-based systems segment enable it to offer advantages such as improved sensitivity and faster data collection. These factors drive the growth of this segment.

The industrial applications segment is expected to account for the largest share of the UV/visible spectroscopy market, by application in 2016. The segment is also slated to grow at highest CAGR in the forecast period. The UV/visible spectroscopy systems are routinely used in industry for several applications such as research & development, production of food & beverages, oils, paints, chemicals among others, quality assurance/quality control (QA/QC) and environmental testing. The growth of the industrial applications segment can be primarily attributed to the increasing adoption of UV/visible spectroscopy systems with enhanced capabilities (such as high throughput screening capacity, microvolume sampling, software integration, miniaturization of instruments among others) in areas of industry such as life science R&D.

The major players in the UV/visible spectroscopy market include Shimadzu Corporation (Japan), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies Inc. (U.S.) and Hach Company (subsidiary of Danaher Corporation) (U.S.), Jasco, Inc. (U.S.) Hamamatsu Photonics K.K. (Japan), Horiba, Ltd.(Japan), Hitachi High-Technologies Corp. (Japan) and Buck Scientific (U.S.) among others.

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This research report categorizes the UV/visible spectroscopy market into the following segments:

UV/Visible Spectroscopy Market, by Instrument Type

  • Single-beam Systems
  • Dual-beam Systems
  • Array-based Systems
  • Handheld Systems

UV/Visible Spectroscopy Market, by Application

  • Academic Applications
    • Physical Chemistry Studies
    • Life Science Studies
    • Environmental Sciences
  • Industrial Applications
    • Life Science R&D
    • Production
    • Quality Assurance/Quality Control (QA/QC)
    • Environmental Testing

UV/Visible Spectroscopy Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Stakeholders of the UV/visible spectroscopy market

  • Analytical Instrument Manufacturers
  • Analytical Instrument Suppliers and Distributors
  • Pharmaceutical Companies
  • Biotechnology Companies
  • Academic Centers
  • Research Institutes
  • Venture Capitalists

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization option is available for the report:

  • Portfolio Assessment

Product Matrix, which gives a detailed comparison of the product portfolios of the top three companies in the market.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Methodology Steps
    2.2 Secondary and Primary Research Methodology
           2.2.1 Secondary Research
                     2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Research
                     2.2.2.1 Key Data From Primary Sources
                     2.2.2.2 Key Insights From Primary Sources
                     2.2.2.3 Key Industry Insights
    2.3 Market Size Estimation Methodology
    2.4 Market Data Validation and Triangulation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 30)
    3.1 Introduction
    3.2 Current and Future Scenario
    3.3 Conclusion

4 Premium Insights (Page No. - 36)
    4.1 UV/Visible Spectroscopy: Market Overview
    4.2 Geographic Snapshot of the Market
    4.3 Global Market Size, By Instrument Type (2016 vs 2021)
    4.4 Global Market, By Application (2016 vs 2021)

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                     5.2.1.1 Applications of UV/Visible Spectroscopy in Environmental Screening
                     5.2.1.2 Growing Use of UV/Visible Spectroscopy in the Pharmaceuticals & Biotechnology Industry
                     5.2.1.3 Technological Advancement
                     5.2.1.4 Increasing Need for Food Analysis
           5.2.2 Restraints
                     5.2.2.1 Longevity of Instruments
                     5.2.2.2 Dearth of Skilled Professionals
           5.2.3 Opportunities
                     5.2.3.1 Development of Microvolume Sampling-Capable Instruments
                     5.2.3.2 Growing Opportunities in Emerging Nations
                     5.2.3.3 Increasing Investments in Molecular Diagnostics
                     5.2.3.4 Emergence of Biobanking

6 UV/Visible Spectroscopy Market, By Instrument Type (Page No. - 49)
    6.1 Introduction
    6.2 Single-Beam UV/Visible Spectroscopy Systems
    6.3 Dual-Beam UV/Visible Spectroscopy Systems
    6.4 Array-Based UV/Visible Spectroscopy Systems
    6.5 Handheld UV/Visible Spectroscopy Systems

7 UV/Visible Spectroscopy Market, By Application (Page No. - 56)
    7.1 Introduction
    7.2 Academic Applications
           7.2.1 Physical Chemistry Studies
           7.2.2 Life Science Studies
           7.2.3 Environmental Sciences
    7.3 Industrial Applications
           7.3.1 Life Science R&D
                     7.3.1.1 Basic Research
                     7.3.1.2 Biomedical Research
                     7.3.1.3 Molecular Diagnostics
                     7.3.1.4 Pharma/Biotech/Medtech Research
           7.3.2 Quality Assurance/Quality Control
           7.3.3 Production
           7.3.4 Environmental Testing

8 Market, By Region (Page No. - 77)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
                     8.2.1.1 Use of UV/Visible Spectroscopy to Detect Water Contamination
                     8.2.1.2 Increasing Applications of UV/Visible Spectroscopy in Academics
                     8.2.1.3 Rampant Usage of UV/Visible Spectroscopy in the Pharma Sector
                     8.2.1.4 Rising Food Safety Concerns in the U.S.
                     8.2.1.5 Heightened Funding for R&D in the U.S.
           8.2.2 Canada
                     8.2.2.1 Government Support for Upgradation of Lab Infrastructure
    8.3 Europe
           8.3.1 Funding for Physical Chemistry Research Projects By German-Russian Interdisciplinary Science Center
           8.3.2 Advancements in the Biotechnology and Pharmaceutical Industry in Germany, the U.K., and Italy
           8.3.3 Rising Usage of UV/Visible Spectroscopy for Food Safety Testing in the U.K.
           8.3.4 Developing Pharmaceutical Sector in Russia
           8.3.5 Denmark: A Standout in Life Sciences
    8.4 Asia-Pacific
           8.4.1 Increasing Environmental Pollution Concerns in China
           8.4.2 Growth of Life Science Research in Asia
           8.4.3 Growth of Molecular Diagnostics Testing in Asia
           8.4.4 Strategic Expansions By Key Players in China
           8.4.5 Rising Food Safety Concerns in India
           8.4.6 Conferences and Symposia
           8.4.7 Federal Collaborations in Australia
    8.5 Rest of the World (RoW)
           8.5.1 Increasing Focus of Pharmaceutical Companies on Africa
           8.5.2 Favorable Environment in Brazil and Mexico

9 Competitive Landscape (Page No. - 105)
    9.1 Overview
    9.2 Market Share Analysis
           9.2.1 Shimadzu Corporation
           9.2.2 Perkin Elmer Inc.
           9.2.3 Thermo Fisher Scientific Inc.
           9.2.4 Agilent Technologies
           9.2.5 Hach Company
    9.3 Competitive Situation and Trends
           9.3.1 Product Launches
           9.3.2 Expansions
           9.3.3 Agreements, Partnerships, and Collaborations
           9.3.4 Acquisitions
           9.3.5 Other Strategies

10 Company Profiles (Page No. - 114)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     10.1 Introduction
     10.2 Thermo Fisher Scientific Inc.
     10.3 Agilent Technologies, Inc.
     10.4 Perkinelmer, Inc.
     10.5 Shimadzu Corporation
     10.6 Hach Company
     10.7 Buck Scientific
     10.8 Hamamatsu Photonics K.K.
     10.9 JASCO, Inc.
     10.1 Horiba, Ltd.
     10.11 Hitachi High-Technologies Corporation

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 134)
     11.1 Discussion Guide – Demand Side
     11.2 Discussion Guide – Supply Side
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports


List of Tables (80 Tables)

Table 1 Global UV/Visible Spectroscopy : Market Snapshot
Table 2 Growing Applications of UV/Visible Spectroscopy Propelling Market Growth
Table 3 Longevity of Equipment, A Key Restraint to Market Growth
Table 4 Emerging Nations Offer Growth Opportunities for Market Growth
Table 5 Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 6 Single-Beam Systems Market Size, By Region, 2014–2021 (USD Million)
Table 7 Dual-Beam Systems Market Size, By Region, 2014–2021 (USD Million)
Table 8 Array-Based Systems Market Size, By Region, 2014–2021 (USD Million)
Table 9 Handheld Systems Market Size, By Region, 2014–2021 (USD Million)
Table 10 Market Size, By Application, 2014–2021 (USD Million)
Table 11 Market Size for Academic Applications, By Region, 2014–2021 (USD Million)
Table 12 Market Size for Academic Applications, By Type, 2014–2021 (USD Million)
Table 13 Physical Chemistry Studies Market Size, By Region, 2014–2021 (USD Million)
Table 14 Life Science Studies Market Size, By Region, 2014–2021 (USD Million)
Table 15 Environmental Sciences Market Size, By Region, 2014–2021 (USD Million)
Table 16 Market Size for Industrial Applications, By Region, 2014–2021 (USD Million)
Table 17 Market Size for Industrial Applications, By Type, 2014–2021 (USD Million)
Table 18 Life Science R&D Market Size, By Region, 2014–2021 (USD Million)
Table 19 Life Science R&D Market Size, By Type, 2014–2021 (USD Million)
Table 20 Basic Research Market Size, By Region, 2014–2021 (USD Million)
Table 21 Basic Research Market Size, By Instrument Throughput, 2014–2021 (USD Million)
Table 22 Basic Research Market Size, By Sampling Capability, 2014–2021 (USD Million)
Table 23 Basic Research Market Size for Microvolume Sampling Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 24 Basic Research Market Size, for Standard Cuvette Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 25 Biomedical Research Market Size, By Region, 2014–2021 (USD Million)
Table 26 Biomedical Research Market Size, By Instrument Throughput, 2014–2021 (USD Million)
Table 27 Biomedical Research Market Size, By Sampling Capability, 2014–2021 (USD Million)
Table 28 Biomedical Research Market Size for Microvolume Sampling Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 29 Biomedical Research Market Size for Standard Cuvette Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 30 Molecular Diagnostics Market Size, By Region, 2014–2021 (USD Million)
Table 31 Molecular Diagnostics Market Size, By Instrument Throughput, 2014–2021 (USD Million)
Table 32 Molecular Diagnostics Market Size, By Sampling Capability, 2014–2021 (USD Million)
Table 33 Molecular Diagnostics Market Size for Microvolume Sampling Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 34 Molecular Diagnostics Market Size for Standard Cuvette Sampling Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 35 Pharma/Biotech/Medtech Research Market Size, By Region, 2014–2021 (USD Million)
Table 36 Pharma/Biotech/Medtech Research Market Size, By Instrument Throughput, 2014–2021 (USD Million)
Table 37 Pharma/Biotech/Medtech Research Market Size, By Sampling Capability, 2014–2021 (USD Million)
Table 38 Pharma/Biotech/Medtech Research Market Size for Microvolume Sampling Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 39 Pharma/Biotech/Medtech Research Market Size for Standard Cuvette Sampling Systems, By Instrument Throughput, 2014–2021 (USD Million)
Table 40 Quality Assurance/Quality Control Market Size, By Region, 2014–2021 (USD Million)
Table 41 Production Market Size, By Region, 2014–2021 (USD Million)
Table 42 Environmental Testing Market Size, By Region, 2014–2021 (USD Million)
Table 43 Market Size, By Region, 2014–2021 (USD Million)
Table 44 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 45 North America: Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 46 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 47 North America: Academic Applications Market Size, By Type, 2014–2021 (USD Million)
Table 48 North America: Industrial Applications Market Size, By Type, 2014–2021 (USD Million)
Table 49 North America: Life Science R&D Applications Market Size, By Type, 2014–2021 (USD Million)
Table 50 U.S.: Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 51 U.S.: Market Size, By Application, 2014–2021 (USD Million)
Table 52 U.S.: Academic Applications Market Size, By Type, 2014–2021 (USD Million)
Table 53 U.S.: Industrial Applications Market Size, By Type, 2014–2021 (USD Million)
Table 54 U.S.: Life Science R&D Applications Market Size, By Type, 2014–2021 (USD Million)
Table 55 Canada: Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 56 Canada: Market Size, By Application, 2014–2021 (USD Million)
Table 57 Canada: Academic Applications Market Size, By Type, 2014–2021 (USD Million)
Table 58 Canada: Industrial Applications Market Size, By Type, 2014–2021 (USD Million)
Table 59 Canada: Life Science R&D Applications Market Size, By Type, 2014–2021 (USD Million)
Table 60 Europe: Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 61 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 62 Europe: Academic Applications Market Size, By Type, 2014–2021 (USD Million)
Table 63 Europe: Industrial Applications Market Size, By Type, 2014–2021 (USD Million)
Table 64 Europe: Life Science R&D Applications Market Size, By Type, 2014–2021 (USD Million)
Table 65 Conferences, Symposia, & Workshops Hosted in Asia-Pacific (2013-2017)
Table 66 Asia-Pacific: Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 67 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 68 Asia-Pacific: Academic Applications Market Size, By Type, 2014–2021 (USD Million)
Table 69 Asia-Pacific: Industrial Applications Market Size, By Type, 2014–2021 (USD Million)
Table 70 Asia-Pacific: Life Science R&D Applications Market Size, By Type, 2014–2021 (USD Million)
Table 71 RoW: Market Size, By Instrument Type, 2014–2021 (USD Million)
Table 72 RoW: Market Size, By Application, 2014–2021 (USD Million)
Table 73 RoW: Academic Applications Market Size, By Type, 2014–2021 (USD Million)
Table 74 RoW: Industrial Applications Market Size, By Type, 2014–2021 (USD Million)
Table 75 RoW: Life Science R&D Applications Market Size, By Type, 2014–2021 (USD Million)
Table 76 Product Launches, 2013–2016
Table 77 Expansions, 2013–2016
Table 78 Agreements, Partnerships, and Collaborations, 2013–2016
Table 79 Acquisitions, 2013–2016
Table 80 Other Strategies, 2013–2016
 
 
List of Figures (43 Figures)
 
Figure 1 Global UV/Visible Spectroscopy Market: Research Methodology Steps
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Primary Research: Sampling Frame
Figure 4 Primary Research - Current Sampling Frame
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Research Design
Figure 8 Data Triangulation Methodology
Figure 9 Global Market Size, By Instrument Type (2016 vs 2021)
Figure 10 Global Market Share, By Application (2016)
Figure 11 Life Sciences Studies Segment to Witness the Highest CAGR in the Academic Applications Market During the Forecast Period
Figure 12 Life Science Research and Development Segment to Dominate the Industrial Applications Market in 2016
Figure 13 Pharma/Biotech/Medtech Research Segment to Witness the Highest CAGR in the Life Sciences R&D Market During the Forecast Period
Figure 14 Asia-Pacific Market to Witness Highest Growth in the Forecast Period
Figure 15 Application in Environmental Screening & Technological Advancements are Propelling the UV/Visible Spectroscopy Market
Figure 16 Asia-Pacific UV/Visible Spectroscopy Market to Witness the Highest Growth Rate From 2016 to 2021
Figure 17 Single-Beam Systems Will Continue to Dominate the Market in 2021
Figure 18 Industrial Applications to Account for the Largest Market Share in 2016
Figure 19 Market Segmentation
Figure 20 Market Dynamics
Figure 21 Single-Beam Systems to Account for the Largest Share of the UV/Visible Spectroscopy Market in 2016
Figure 22 Industrial Applications to Dominate the Market in 2016
Figure 23 The Life Science Studies Segment to Grow at the Highest CAGR During the Forecast Period
Figure 24 The Life Science R&D Segment is Expected to Dominate the Industrial Applications Market in 2016
Figure 25 Life Science R&D Spending Chart (USD Billion)
Figure 26 Geographic Analysis: Market, 2016
Figure 27 North America : UV/Visible Spectroscopy Market Snapshot
Figure 28 North America: Market Snapshot
Figure 29 Europe: Market Snapshot
Figure 30 Asia-Pacific: UV/Visible Spectroscopy Market Snapshot
Figure 31 RoW: Market Snapshot
Figure 32 Product Launches Was the Key Growth Strategy Adopted By Market Players Between 2013 and 2016
Figure 33 Value-Based Market Shares of Key Players, 2015
Figure 34 Battle for Market Share: Product Launches Was the Key Strategy Adopted By Market Players (2013-2016)
Figure 35 Geographic Revenue Mix of Market Players
Figure 36 Thermo Fisher Scientific Inc.: Company Snapshot
Figure 37 Agilent Technologies, Inc.: Company Snapshot
Figure 38 Perkinelmer, Inc.: Company Snapshot
Figure 39 Shimadzu Corporation: Company Snapshot
Figure 40 Danaher Corporation: Company Snapshot
Figure 41 Hamamatsu Photonics K.K.: Company Snapshot
Figure 42 Horiba, Ltd.: Company Snapshot
Figure 43 Hitachi High-Technologies Corporation: Company Snapshot 

The UV/visible spectroscopy market is expected to reach USD 1,163.2 Million in 2021 from USD 944.2 Million in 2016, growing at a CAGR of 4.3%. The demand for UV/visible spectroscopy systems and accessories has been on the rise due to the rising application of this analytical technique in environmental testing. The growing application in pharmaceutical and biotechnology industries, rising need of food analysis, and technological advancements in instrumentation have further spurred the demand for UV/visible spectroscopy globally.

The UV/visible spectroscopy market is segmented on the basis of instrument type, application, and region. By instrument type, the market comprises of single-beam systems, dual-beam systems, array based systems and handheld systems. In 2016, the single- beam systems segment is estimated to account for the largest share of the UV/visible spectroscopy market as these systems due to the simplicity, affordability and ease of operation of these systems. However the array based systems are expected to be the fastest growing market, by instrument type during the forecast period. This is owing to the growing application of these systems particularly in the streams of life science R&D and quality assurance/quality control (QA/QC) due to its ability to collect accurate data points rapidly.

By application, the UV/visible spectroscopy market comprises academic applications and industrial applications. In 2016, the industrial applications segment is estimated to account for the largest share of the UV/visible spectroscopy market. This is also the fastest growing segment in the forecast period as UV/visible spectroscopy is widely being adopted in several industries as an analytical technique due to its affordability, simplicity and scalability. Besides, enhancements in equipment capabilities are also driving the adoption of this technique for various industrial applications.

Growing opportunities in emerging nations, development of microvolume sampling-capable instruments, investments into the field of molecular diagnostics and growth of biobanking are likely to provide growth opportunities to the global UV/visible spectroscopy market. However, the dearth of skilled professionals and longevity of instruments is likely to restrain the growth of this market.

UV/Visible Spectroscopy Market

Source:  Annual Reports, Press Releases, American Association for Clinical Chemistry (AACC), American Association of Pharmaceutical Scientists (AAPS), Society for Applied Spectroscopy, Canadian Society for Analytical Sciences & Spectroscopy, Federation of Analytical Chemistry & Spectroscopy Societies, European Congress on Molecular Spectroscopy (EUCMOS), Association of British Spectroscopists (ABS), Indian Society of Analytical Chemists, African Association of Pure and Applied Chemistry (ASPAC), Expert Interviews, and MarketsandMarkets Analysis

On the basis of region, UV/visible spectroscopy market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the fastest rate during the forecast period.

The major players in this market include Shimadzu Corporation (Japan), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies Inc. (U.S.) and Hach Company (subsidiary of Danaher Corporation) (U.S.), Jasco, Inc. (U.S.) Hamamatsu Photonics K.K. (Japan), Horiba, Ltd.(Japan), Hitachi High-Technologies Corp. (Japan) and Buck Scientific (U.S.) among others.

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