UV-Visible Spectroscopy Market Sluggish Growth Rate Foreseen by 2023-2028

The global UV-Visible Spectroscopy Market is expected to be valued at USD 1.49 billion by 2028 from USD 1.00 Billion in 2020, registering a CAGR of 5.1% during the forecast period. The increasing applications of UV-Visible Spectroscopy in the biopharmaceutical sector, in RD activities, and technological developments in the instrument are the key elements contributing to the growth of the market. The escalating demand for testing and screening of compounds in the pharmaceutical and food and beverage industry are other major factors projected to propell the industry’s progress in the forecast timeframe.

UV-Visible Spectroscopy is an advanced analytical technique that can provide quantitative data on the number of analytes present in the compound based on the amount of light it absorbs. It is extensively used in chemistry to determine the presence of various analytes such as biological macromolecules, organic compounds, and transition metal ions. It generally requires lesser sample volumes, is highly sensitive and efficient, and provides accurate estimations. These characteristics are boosting the adoption of UV/visible spectrometers in the pharmaceutical and food and beverages industry, thereby adding to market growth.

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Key Highlights from the Report:

The dual-beam segment is projected to observe a significant growth in the forecast timeframe due to their increasing adoption in academic and research institutes and pharmaceutical companies. The adoption can be accredited to the augmented capability of dual-beam spectrometers to measure samples and blank corrects to provide quick and accurate results.
The industrial application segment is foreseen to account for a significant share of the market in the projected timeframe attributable to the increasing convenience, flexibility, and cost-efficiency of the UV-visible spectrometers.
Pharmaceutical and biotechnology companies are the most prominent end-users of the UV-Visible Spectroscopy market accredited to the constant research and development activities, growing product pipeline, and accelerating advancements and innovations in the sector.
North America is forecast to command the industry growth in the projected timeframe owing to the increasing need for environmental screening, rapidly expanding pharmaceutical sector and escalating technological upgrades and advancements in the region. Moreover, the presence of key players and the introduction of state-of-the-art medical equipment are also adding to the regional growth.

Key Players covered in this report are

Shimadzu Corporation, Agilent Technologies, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Hitachi High-Technologies Corporation, Buck Scientific, Bruker Corporation, Mettler-Toledo, Cole-Parmer, and GBC Scientific Equipment, among others.

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Instrument Outlook (Revenue, USD Billion; 2018-2028)

Single-Beam
Dual-Beam
Array-Based Systems
Others

Application Outlook (Revenue, USD Billion; 2018-2028)

Academic
Industrial
Environmental Studies
Others

End-User Outlook (Revenue, USD Billion; 2018-2028)

Pharmaceutical and Biotechnology Organizations
Academic and Research Institutions
Others

Geographic Segment Covered in the Report:

The UV-Visible Spectroscopy report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)

Major Points covered in this report are as below:

• The UV-Visible Spectroscopy industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.

• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.

• The UV-Visible Spectroscopy Market report provides key statistics on the market status of the UV-Visible Spectroscopy manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

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