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World Spectrometry Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773543
  • Report
  • September 2019
  • Region: Global
  • Allied Analytics LLP
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Spectrometry is an analytical technique that assists in the identification of compounds and elements. This identification is based on the measurement of radiant energy emitted by a substance when in a higher energy state. Spectrometry instruments play a vital role in the analytical, pharmaceutical and life science industry. These industries have witnessed a growing demand for spectrometric instruments as they form an integral part of basic research and are used in drug composition identification, identification of new compounds and metals and bimolecular analysis. Due to its significant applications in different industries, the global spectrometry market is expected to grow at a moderate CAGR during the forecast period. Bruker, Thermo Fisher Scientific, Waters Corporation, AB Sciex, Agilent Technologies, Shimadzu and PerkinElmer are some of the key players of this market.

The global spectrometry market is segmented on the basis of Technology, Application and Geography. Based on technology, the spectrometry market is segmented into Mass Spectrometry, Atomic Spectrometry, Molecular Spectrometry and Other spectrometric techniques. Currently, the molecular spectrometry segment dominates the global market whereas mass spectrometry is growing at a faster rate and is expected to overtake the other two segments by 2020. Spectrometry has wide application in various industry sectors, including Biotechnology, Pharmaceuticals, Environmental Testing, Industrial Chemistry, Food and Beverages Testing and Others. In pharmaceuticals, spectrometry is used for new drug identification, pharmacokinetic analysis of biological samples, analysis of different reaction processes and drug discovery. In environmental testing it assists in identifying pollutants. Geographically, the global spectrometry market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the market owing to the significant amount invested in research, increasing number of research institutes and availability of funds. Asia-pacific is the fastest growing segment as numerous companies have shifted their research activities to China, India and Malaysia.

KEY BENEFITS

Pin-point analysis of geographic segments helps to identify opportunities for growth within the global spectrometry market
In-depth coverage of the global spectrometry market including drivers, restraints and opportunities would help professionals to better understand market behavior
Deep-dive analysis of market trends and key developments in the global spectrometry market would be informative for the corporate sector
Porter’s Five Forces analysis examines the competitive structure of the global spectrometry market and would assist market strategists in their decision-making process
Detailed study of the strategies of key leaders, partnerships and acquisitions in the global spectrometry market would be informative for stakeholders

KEY MARKET SEGMENTS

The global spectrometry market is segmented into three broad categories: technology, application and geography.

MARKET BY TECHNOLOGY

Mass Spectrometry
Atomic Spectrometry
Molecular Spectrometry
Others

MARKET BY APPLICATION

Biotechnology
Pharmaceuticals
Environmental Testing
Industrial Chemistry
Food and Beverages Testing
Others

MARKET BY GEOGRAPHY

North America
Europe
Asia-Pacific
LAMEA

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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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