Forecast to 2022
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In medical research and clinical diagnostics the use of spectroscopy facilitates non-invasive
and safe analysis of soft tissues. Now-a-days, researchers are developing highly promising
smart and miniaturized spectrometers that would help in real-time analysis using variety of
environmental samples which accelerates the market growth. Miniaturization is now a trend
where higher throughput is observed in small instrument and is available commercially. For
instance, Microsaic company manufactures miniaturized mass detector for real-time online
reaction data and customers are able to increase the use of spectrometers in labs by
benefiting from cost savings. Patent are filed regularly which is a measurement of research
activity being carried out by the industry players. AB Sciex, Agilent Technologies,
BioMerieux, Bruker Corporation, Horiba, Perkin Elmer, Shimadzu Corporation, Thermo
Fisher Scientific and Waters Corporation are some of the major companies filed patents for
atomic, mass and molecular spectrometry. Shimadzu corporation has filed 57 patents for
spectrometry from 2011 till present where in 2016, 8 patents have been filed.
Spectrometry market is mainly classified into technology, application, end-users and
geography. The global spectrometry market by technology is further divided into atomic
spectrometry, mass spectrometry and molecular spectrometry. Among these, molecular
spectrometry accounts for largest revenue and mass spectrometry is fastest growing
segment with 8.9% CAGR.
The atomic spectrometry market is further divided into atomic absorption spectrometry
(AAS), X-ray diffraction spectrometry (XRD), X-ray fluorescence spectrometry (XRF), X-ray
photoelectron (XPS), inductively coupled plasma-atomic emission spectrometer (ICP-AES)
elemental analyzers and others which includes arc/spark optical emission spectrometry and
glow discharge optical emission spectrometry (GD-OES) where others segment holds with a
largest revenue with a CAGR of 4.6% and inductively coupled plasma-atomic emission
spectrometer is the fastest growing segment.
The mass spectrometry includes gas chromatography-mass spectrometry (GC-MS), liquid
chromatography-mass
spectrometry
(LC-MS),
inductively
coupled
plasma
mass
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infrared spectrometry (NIR) and Raman spectrometry. The nuclear magnetic resonance is
sub-segmented into continuous wave, fourier transform and solid state NMR. The ultraviolet
visible spectrometry is further classified into single beam, double beam and array based UVvisible spectrometry. Infrared segment includes near infrared (NIR), mid infrared (MIR) and
far infrared spectrometry (FIR). Color measurement includes luminescence which is further
sub-segmented into fluorescence spectrometry. Raman spectrometry is further classified
into fourier transform, surface enhancing and micro Raman spectrometry.
The spectrometry application market includes agriculture, food and beverage, biotechnology,
pharmaceuticals,
environmental
testing,
chemical
industry,
semiconductors
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Analysis of the major market trends and factors driving or inhibiting the growth of the
spectrometry global market.
Revenue forecast of the spectrometry market with respect to North America, Europe,
Asia-Pacific and the Rest of the World (RoW) regions.
Market share analysis of key players in Spectrometry, Mass, Molecular & Atomic
Spectrometry markets, details of their product offerings, revenues and business
strategies of major players.
Established and Emerging players (136 companies) and their product offerings.
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FIGURE 1
SPECTROMETRY GLOBAL MARKET SEGMENTATION
By Technology
By Application
By Geography
Atomic Spectrometry
Mass Spectrometry
Molecular Spectrometry
North America
Atomic Absorption
GC-MS
NMR
Biotechnology
Europe
X-ray Diffraction
LC-MS
Ultraviolet- Visible
Spectrometry
Pharmaceuticals
Asia Pacific
X-ray Fluorescence
ICP-MS
Infrared Spectrometry
Environmental Testing
X-ray Photoelectron
Magnetic Sector MS
Color Measurement
Chemical Industry
ICP-AES
FT-MS
Raman Spectrometry
Semiconductors ,
Electronic, Nanotech
Elemental Analyzers
Others
Others
Others
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