UV/Visible Spectroscopy Market Rising at 4.3% CAGR to Hit USD 1,163.2 Million by 2021

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% dominated by North America while the industrial applications segment is estimated to account for the major share.

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 micro volume sampling- capable instruments, growing opportunities in emerging nations, increasing investments into the field of molecular diagnostics and emergence of bio banking has provided growth opportunities to the market. However, the dearth of skilled professionals and longevity of instruments hinder the market growth.

Complete report on UV/visible spectroscopy market spread across 150 pages, profiling 10 companies and supported with 80 tables and 43 figures is now available at http://www.rnrmarketresearch.com/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-ts-to-2021-market-report.html .

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.

The major players in 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.). Order a copy of 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 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=719708 .

The global UV/visible spectroscopy market witnessed various new product offerings offered by big and small firms. Product launches; expansions; agreements, partnerships, and collaborations; acquisitions, and other strategies (certification and business restructure) were the key developments undertaken by the companies to increase their market shares and to establish a strong foothold in the global market.

On a related note, another research on IR Spectroscopy Market Global Forecast to 2022 says, portable spectroscopes to gain maximum traction during the forecast period. The market in North America is expected to dominate the global market during the forecast period. The overall market is expected to be valued at USD 1.26 billion by 2022, growing at a CAGR of 6.5% during 2016-2022. Companies like Hamamatsu Photonics K.K. (Japan) and Andor Technology Ltd. (Ireland); IR spectroscopy device manufacturers such as Thermo Fisher Scientific (U.S.), PerkinElmer (U.S.), Bruker Corporation (U.S.), and Agilent Technologies (U.S.) among others. Along with this, distributors such as Portmann Instruments AG (Switzerland), JSB International (Netherlands), and Polytech Instrument Ltd. (India) have been profiled in this 135 pages research report available at http://www.rnrmarketresearch.com/ir-spectroscopy-market-by-spectrum-sensitivity-nir-mid-ir-and-far-ir-product-type-benchtop-micro-portable-and-hyphenated-vertical-biological-pharmaceuticals-chemicals-food-beverages-environmental-st-to-2022-market-report.html .

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