DUBLIN--(BUSINESS WIRE)--The "Spectroscopy Equipment and Accessories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Spectroscopy Equipment and Accessories Market to Reach $16.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Spectroscopy Equipment and Accessories estimated at US$14.6 Billion in the year 2020, is projected to reach a revised size of US$16.5 Billion by 2027, growing at a CAGR of 1.8% over the analysis period 2020-2027.
Molecular Spectroscopy, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach US$5.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Atomic Spectroscopy segment is readjusted to a revised 1.3% CAGR for the next 7-year period.
The U. S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 3.6% CAGR
The Spectroscopy Equipment and Accessories market in the U. S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.
Mass Spectrometry Segment to Record 2.1% CAGR
In the global Mass Spectrometry segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Billion in the year 2020 will reach a projected size of US$3.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Prelude
- Recent Market Activity
- Overview
- Current and Future Analysis
- Sustained Growth for Aftermarket Products and Services
- Government Funding and Research Activities Propel Molecular Spectroscopy Market
- Growing Preference for Handheld Instruments
- Infrared Spectroscopy - A Peek into Technology and Application Trends
- Raman Spectroscopy - A Review of Advanced Technologies and Applications
- Fluorescence Spectroscopy - A Gold Standard Technology
- Atomic Spectroscopy - An Overview
- Mass Spectrometry: Technological Developments and Expanding End-Use Applications to Bolster Growth
- Review of Select MS Technologies
- Portability: A Major Driving Force for MS Systems Market
- Nanotube Coating to Enable Miniaturization in Mass Spectrometers
- High Prices of MS Systems Hold Down Sales Growth
- Purpose-Built Mass Spectrometers to Transform Personalized Medicine
- Leading End Users of Mass Spectrometry Devices
- A Peek into Regulatory and Competitive Landscape in MS
- Ion-Trap Mass Spectrometry Technology Losses Sheen
- Reduced Government Spending on Laboratory Testing
- Lack of Suitable Software and Diversity of MS Systems - A Major Challenge
- Smaller Clinical Laboratories Continue to Shy Away from Mass Spectrometers
- Global Competitor Market Shares
- Spectroscopy Equipment and Accessories Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
- AB Sciex LLC (US)
- Agilent Technologies, Inc. (US)
- Bruker Corporation (US)
- Digilab, Inc. (US)
- Extrel CMS LLC (US)
- Hitachi High-Technologies Corporation (Japan)
- JEOL Ltd. (Japan)
- Metrohm AG (Switzerland)
- Ocean Optics, Inc. (US)
- PerkinElmer, Inc. (US)
- Rigaku Corporation (Japan)
- Shimadzu Corporation (Japan)
- Spectris plc (UK)
- Stellar Net, Inc. (US)
- Thermo Fisher Scientific Inc. (US)
- Waters Corporation (US)
3. MARKET TRENDS & DRIVERS
- Rise in Drug Development Outsourcing to Fuel Global Spectroscopy Market
- Growing Significance of Miniaturization in Spectroscopy
- Shift of Analytical Instruments Industry to Mass Customization
- Improved Mobility Broadens the Role of Spectroscopy
- Improved Analyzer Reliability and Performance
- Hyphenated Technologies Exhibit Growth
- Spectroscopy Makes Inroads into Novel Applications
- Applications Extend to Defense and Civilian Areas
- Atomic and Molecular Spectrometers Benefit from Technological Improvements
- Demand for Used Spectroscopy Instruments to Grow Robustly in Future
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 117
For more information about this report visit https://www.researchandmarkets.com/r/hbdoxf
