Global Ultraviolet-Visible Spectroscopy Market Trends And Strategies Of Major Players In The Ultraviolet-Visible Spectroscopy Market 2021-2030
1 Jun, 2021
The ultraviolet-visible spectroscopy market consists of sales of ultraviolet-visible spectroscopy products and related services by entities (organizations, sole traders and partnerships) that manufacture ultraviolet-visible spectroscopy devices. Ultraviolet-visible spectroscopy is a method used to measure light absorbance in the ultraviolet and visible ranges of the electromagnetic spectrum. These devices find their application in analytical chemistry for the quantitative determination of different analyzes, such as transition metal ions, highly conjugated organic compounds, and biological macromolecules.
Global Ultraviolet-Visible Spectroscopy Market Size And Drivers:
The global ultraviolet-visible spectroscopy market is expected to grow from $0.95 billion in 2020 to $1.01 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to growing application and use of UV/visible spectroscopy in pharmaceutical & biotechnology environmental screening and other applications. The technological advancements and increasing need for food analysis and quality products is also adding to the growth of the market. The UV-visible spectroscopy market is expected to reach $1.22 billion in 2025 at a CAGR of 4.8%. The outbreak of COVID-19 led to increase in production of pharmaceutical drugs and demand for vaccines and fueled the growth of the ultraviolet-visible spectroscopy market.
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Trends In The Global Ultraviolet-Visible Spectroscopy Market
The companies in the market are increasingly investing in handheld or portable ultraviolet-visible spectroscopy market, which allows consumers to take informed decisions on the spot, thus saving valuable time. Major companies operating in the ultraviolet-visible spectroscopy sector are focused on developing portable technological solutions for ultraviolet-visible spectroscopy. For instance, in December 2019, Shimadzu, a Japanese analytical instrumentation company, launched six new UV-VIS spectrophotometer models under the UV-i Selection brand, which have improved portability amongst other characteristics. The six UV-i Range models are SolidSpec-3700i, UV-2700i, UV-1900i, UV3600i Plus, SolidSpec-3700i DUV and UV-2600i. UV-i Selection systems are ideal for a number of applications, including, pharmaceuticals, chemicals and academics.
Global Ultraviolet-Visible Spectroscopy Market Segments:
The global ultraviolet-visible spectroscopy market is further segmented based on type and geography.
By Instrument Type: Single-Beam System, Double-Beam System, Array Based System, Handheld System
By Application: Industrial Applications, Physical Chemistry Studies, Life Science Studies, Environmental Studies, Academic Applications, Life Science Research And Development, Quality Assurance And Quality Control
By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Agriculture And Food Industries, Environmental Testing Labs
By Geography: The global ultraviolet-visible spectroscopy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the ultraviolet-visible spectroscopy market in 2020.
Read More On The Report For The Global Ultraviolet-Visible Spectroscopy Market At:https://www.thebusinessresearchcompany.com/report/ultraviolet-visible-spectroscopy-global-market-report
Ultraviolet-Visible Spectroscopy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ultraviolet-visible spectroscopy market overviews, analyzes and forecasts market size and growth for the global ultraviolet-visible spectroscopy market, ultraviolet-visible spectroscopy market share, ultraviolet-visible spectroscopy market players, ultraviolet-visible spectroscopy market segments and geographies, ultraviolet-visible spectroscopy market’s leading competitors’ revenues, profiles and market shares. The ultraviolet-visible spectroscopy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.