UV/Visible Spectroscopy Market to Exceed USD 1.16 Bn by 2021, Projects MarketsandMarkets in Its New Report Now Available at MarketPublishers.com21 Oct 2016 • by Natalie Aster
LONDON – This year, the value of the world’s market for UV/visible spectroscopy stands at over USD 944 million. It is poised to see health growth at a 4.3% CAGR in the next five years, and by 2021 will likely exceed USD 1.16 billion. Key market growth driving factors include rising need for food analysis, ongoing technological advancements, increasing demand for UV/visible spectroscopy from environmental testing, biotechnology and pharmaceuticals industries.
The rising investments in the molecular diagnostics sector, emerging opportunities across the developing countries, emergence of bio-banking and continued development of micro-volume sampling- capable instruments open new growth opportunities in the global UV/visible spectroscopy market.
At present, the single-beam systems sector takes lead in the UV/visible spectroscopy market on the basis of instrument type, and the industrial sector takes lead in the market on the basis of application.
Region-wise, the North American UV/visible spectroscopy market is predicted to account for the biggest share of the world’s market, followed by Europe and APAC. Meanwhile, the highest CAGR will likely be registered in the APAC regional market; this can be attributed to enhancing concerns regarding environmental pollutions and food safety, entry of new players and also emerging life science R&D sector in the region.
Cutting-edge MarketsandMarkets report “UV/Visible Spectroscopy Market by Instrument Type, Application - Global Forecasts to 2021” gives a detailed assessment of the UV/visible spectroscopy market on the basis of geography, applications and instrument types. It uncovers valuable info on the product and services portfolio of top 10 market players, sheds light on the recent innovations and product developments, offers data on emerging technologies and new product launches, identifies lucrative emerging markets and also discusses major growth prospects and opportunities. The report presents updated statistics at a global and regional scales, uncovers info on the market size, shares and value. It investigates the prevailing trends, touches upon competitive pressures, scrutinises the main market growth influencing factors and presents forecasts through 2021.
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