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.
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.
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Leading Players Profiled in the Report Include:
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.
Key Highlights from the Report:
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For the purpose of this report, Reports and Data has segmented the global UV/Visible Spectroscopy Market based on instrument, application, end-user, and region:
Instrument Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
End-User Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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Table of contents
1 Introduction
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
1.7 Summary Of Changes
2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 1 Research Methodology: Global Uv/Visible Spectroscopy Market
Figure 2 Research Design
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2.2.1 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
2.3.1 Revenue Mapping-Based Market Estimation
Figure 5 Revenue Mapping-Based Market Size Estimation
2.4 Market Data Validation And Triangulation
Figure 6 Data Triangulation Methodology
2.5 Assumptions For The Study
2.6 Covid-19 Specific Assumptions
3 Executive Summary
Figure 7 Uv/Visible Spectroscopy Market, By Instrument Type, 2020 Vs. 2025 (Usd Million)
Figure 8 Uv/Visible Spectroscopy Market, By Application, 2020 Vs. 2025 (Usd Million)
Figure 9 Uv/Visible Spectroscopy Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 10 Geographical Snapshot Of The Uv/Visible Spectroscopy Market
4 Premium Insights
4.1 Uv/Visible Spectroscopy Market Overview
Figure 11 Growing Use Of Uv/Visible Spectroscopy Instruments In The Pharmaceutical & Biotechnology Industry To Drive Market Growth
4.2 North America: Uv/Visible Spectroscopy Market, By Application & Country (2019)
Figure 12 Industrial Applications Segment Accounted For The Largest Share Of The North American Uv/Vis Spectroscopy Market In 2019
4.3 Uv/Visible Spectroscopy Market Share, By Instrument Type, 2020 Vs. 2025
Figure 13 Dual-Beam Systems Will Continue To Dominate The Uv/Visible Spectroscopy Market In 2025
4.4 Uv/Visible Spectroscopy Market Share, By Application, 2020 Vs. 2025
Figure 14 Industrial Applications Dominate The Uv/Visible Spectroscopy Market, By Application
4.5 Uv/Visible Spectroscopy Market Share, By End User, 2020 Vs. 2025
Figure 15 Pharmaceutical & Biotechnology Companies Are The Largest End Users Of Uv/Visible Spectroscopy Instruments
Continued……….
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