UV/Visible Spectroscopy Market Trends 2022-2028: Increasing Environmental Concerns And Growing Demand For Food Analysis

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 R&D 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.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3827 

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.

Owing to the increasing demand for state-of-the-art and accurate research equipment and the subsequently growing investment in the healthcare facilities and research laboratories has boosted the development of the UV-Visible spectroscopy market.  However, the lack of skilled professionals and long-term replacement plans for the equipment is estimated to hamper the industry’s growth in the projected timeline.

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.
  • In 2019, Shimadzu Corporation, a leading-edge science, and medical equipment company, unveiled a series of UV-Vis spectrophotometers with a broad spectrum of applications in academic and research facilities, the chemical sector, and the pharmaceutical sector.

The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

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

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/uv-and-visible-spectroscopy-market 

UV/Visible Spectroscopy Market Segmentation:

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

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/3827 

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

Explore Latest Trending Research Reports By Reports and Data:

Surgical Navigation Systems Market Analysis, By Applications (Neurosurgery Navigation Systems, Orthopedic Navigation Systems), By Technologies (Optical, Electromagnetic), By End Use (Hospitals, Clinics) By Region Forecasts To 2026

Operating Room Equipment Market Size, Share & Analysis, By Type (Anesthesia Machines, Electrosurgical Units, Multi-Parameter Patient Monitors), By End Use (Hospitals, Outpatient Facilities) And By Region Forecasts To 2027

Liquid Embolic Market Size, Share And Industry Analysis By Product (Isobutyl-2-Cyanoacrylate(IBCA), Sodium Morrhuate, Ethanol, Bletilla Striata), By Application (Brain Arteriovenous Malformations, Tumor and Brain Cancer, Brain Aneurysm, Ischemic Stroke), By End Users (Hospitals, Ambulatory Surgical Centers) And Region, Segment Forecasts To 2027

Therapeutic Obstructive Sleep Apnea Devices Market Analysis, By Products (PAP Devices, Oxygen Devices, Oral Appliances, Nasal Devices, Chin Straps), By End Use (Sleep Laboratories, Hospitals) By Region Forecasts To 2026

Clinical Laboratory Services Market Analysis, By Specialty (Clinical Chemistry Testing, Microbiology Testing, Cytology Testing, Immunology Testing, Other Esoteric Tests), By Service Providers (Hospital-Based Laboratories, Clinical-Based Laboratories) And By Region Forecasts To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Back to news