MRRS adds "UV/Visible Spectroscopy Market by Instrument Type , Industrial Application - Global Forecasts to 2021" latest studies, published in November 2016. It is a professional and in-depth study.
Summary
The global 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%. Over the years, factors such as application of UV/visible spectroscopy in environmental testing, growing application of the systems and accessories in pharmaceuticals and biotechnology industries, technological advancements in instruments, and growing need of food analysis are expected to drive the global market. In addition, development of microvolume sampling- capable instruments, growing opportunities in emerging nations, increasing investments into the field of molecular diagnostics and emergence of biobanking has provided growth opportunities to the market. However, the dearth of skilled professionals and longevity of instruments hinder the market growth.
In 2016, the single-beam systems segment is expected to account for the largest share of the UV/visible spectroscopy market, by instrument type and the industrial applications segment is expected to account for the largest share of the UV/visible spectroscopy market, by application.
In 2016, North America is expected to account for the largest share of the global UV/visible spectroscopy market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the UV/visible spectroscopy is expected to witness the highest growth rate in the Asia-Pacific region. The high growth in these regions can be attributed to entry of key market players into this market, growing food safety and environmental pollution concerns and budding life science R&D sector in this region.
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