In the past few decades spectrometry techniques have been resilient enough in providing scientists an informative tool to cater to vast array of applications in various industries. Overall competition in spectrometry market is intense with large conglomerates competing for considerably small application areas and end user segments.
Improving innovation, rising investment and funding in spectrometry techniques have been major contributing factors for the growth and demand in past couple of years. Stringent regulatory scenario with respect to monitoring of soil and water samples is also contributing towards growth and procurement of spectrometry devices globally.
Some of the notable areas of applied spectrometry instruments comprises of industrial chemistry, pharmaceuticals, food & beverages testing, biotechnology, environmental testing, along with astronomical and defense sector. Growing demand for drug composition and bimolecular analysis from life sciences industry along with increasing environmental concern plus need for discovery of new metals coupled with increasing use in proteomics are important drivers or boosters for the growing spectrometry market globally.
The high usage of spectrometry in the food and beverage industry is noted to be constantly driving the spectrometry market sales. North America is noted to be the top leading region of this market with the maximum demand from the F&B market sector. North America also owns the leading position owing to growing R&D activities in biotechnology. Rising investments and funding for this industry is driving the prominence across the globe.
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North America was followed by Europe and Asia-Pacific as second and third largest market for spectrometry market. Asia Pacific is projected to have fastest growth, owing to rapidly growing food & beverage industry and increasing number of biotechnology and pharmaceutical players in developing nations such as China, and India in this region.
IndustryARC’s research report on Spectrometry global market includes the following types and sub types based on deciding factors like:
By Technology: Mass Spectrometry, Atomic Spectrometry and Molecular Spectrometry
By Application: Food & Beverage, Biotechnology, Pharmaceuticals, Environment Testing, Chemical Industry and Others
By End User Applications or Verticals: Hospitals, Pharmaceutical Companies, Food & Beverage Companies, Medical Device Companies and Others
By Geography: Europe, APAC, North America and Rest of the World
Multinational companies account for majority of the revenue share in overall market. More than 40 players of the Spectrometry Market are analyzed in this research report by IndustryARC expert analysts with few of them being:
Perkin Elmer, Inc.
Thermo Fisher Scientific, Inc.
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