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Absorption Spectrometers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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Absorption Spectrometers Market: Overview

Absorption spectroscopy is analytical technique that measures the concentration of an element by measuring the amount of light absorbed (at a specific wavelength) when it passes through a sample. Absorption spectroscopy is used in several industries such as such as food and beverages, pharmaceutical, biotechnology, clinical diagnostics and environmental monitoring for the purpose of quality assurance.

The technique is also employed in studies of atomic and molecular physics, astronomical spectroscopy and remote sensing. Absorption spectrometers, are instruments for measurement of absorption that can analyze the concentration of multiple elements in a given sample solution. The instrument relies on the Beer-Lambert law to determine the concentration of a particular element in a sample.

Absorption Spectrometers Market: Drivers and Trends

The global absorption spectrometers market is significantly growing under the influence of emerging biopharmaceuticals, biotechnology and food and beverages industries. High investment in research and development by life science companies, extensive academic and industry collaborations, increased governmental funding, innovation in atomizers technology, advancements in the atomic spectroscopy, development of better performing reagents and rise in acquisitions/partnerships among companies are some of major divers of absorption spectrometers market.

Furthermore, factors such as increasing demand of atomic absorption spectroscopy, escalating usage of fluorescence spectrometers in antibody purification, and drug assessment are also triggering the growth of this market. However, the presence of other advanced analytical techniques such as mass spectrometers and UV-VIS reflectometers are the major road-block for the global expansion of absorption spectroscopes market. In addition to these, high price of the instruments and issues related to low sample throughput may also hamper the growth of this market to some extent.

Absorption Spectrometers Market: Segmentation

The global absorption spectrometers market has been segmented on the basis of applications and technology. Based on applications, the market comprises pharmaceuticals, biotechnology, research, food and beverage, and others. Based on technology, the market has segmented into atomic absorption spectrometers, x-ray diffraction spectrometers, x-ray fluorescence spectrometers, inductively coupled plasma spectrometers, elemental Analyzers, and others. Based on geography, the absorption spectrometers market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Absorption Spectrometers Market: Region-wise Outlook

The North America region was observed as being the largest absorption spectrometers market worldwide in 2013. This market is expected to grow even further, due to robust research-related activities for the discovery and development of drugs and biologics and extensive financial support from governments. Europe was the second-largest market for absorption spectrometers owning to the opening of new production facilities and increased funding by local and national government bodies in the region.

Asia-Pacific is expected to be an exponentially growing absorption spectrometers market during the forecast period from 2014 to 2020. This high growth is can be ascribed to the improving economic scenario in countries such as India, China and Malaysia. An increase in the number of research activities in the chromatography sector by Asian companies can also be credited for this.

Absorption Spectrometers Market: Key Players

The key players in the absorption spectrometers include Analytik Jena AG, Shimadzu Corporation, Aurora Biomed, Agilent Technologies, GBC Scientific Equipment Pty Ltd., Bruker Corporation, PerkinElmer, Inc., Rigaku Corporation, Hitachi High-Technologies Corporation, and Thermo Fisher Scientific.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Report highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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