DUBLIN--(BUSINESS WIRE)--The "Global Process Spectroscopy Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023" report has been added to Research and Markets' offering.
The process spectroscopy market in the 2016 was $3.90 billion which is going to increase upto $5.76million with the CAGR of 5%.
There has been significant growth witnessed in the medical sector among developing countries such as China and India which creating scope for process spectroscopy in healthcare sector. Furthermore, high presence of pharmaceuticals companies across the globe is also creating demand for process spectroscopy. Over all healthcare market of India is of $100 billion and is increasing at 22.9% CAGR. Chinese medical industry is very large market as China contains 20% of world population. In these Chinese medical devices market was of $18.8 billion in year 2016. Thus, such expansion of medical device industry in china offering scope for process spectroscopy as there has been increasing need for NIR (Near Infrared Spectroscopy) in various medical devices to support vascular access procedures.
Moreover, process spectroscopy has also been used for water quality analysis. Normally, It is checked by testing, chemical, chemical and microbiological test. However, this type of testing is not suitable for the monitoring online as it gives unreliable result which has significantly increased the demand for process spectroscopy to effectively test water in the natural way to track the water pollutant. Florescence spectroscopy is a technique used to assess the water quality and characteristics. Some constraint are there in the use of process spectroscopy such as need of highly skilled personal which are not available in the developing and under developed countries.
Companies Mentioned
- Abb Ltd.
- Agilent Technologies
- Applied Analytics
- Bruker Corporation
- Buchi Labortechnik Ag
- Foss A/S
- Ge Analytical Instruments
- Horiba
- Kaiser Optical Systems Inc.
- Perkinelmer
- Sartorius Ag
- Shimadzu Corporation
- Siemens Ag
- Thermo Fisher Scientific Inc.
- Tornado Spectral Systems
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/7hzr74/global_process
