Report Highlights
The global spectrometry market increased from $7.8 billion in 2011 to $8.5 billion in 2012 and is expected to reach $14.8 billion in 2017, a compound annual growth rate (CAGR) of 11.7% for the forecast period of 2012 to 2017.
Report Includes
- An overview of the global market for spectroscopy, including definitions and history of the science, and an introduction to the different types of spectroscopy equipment.
- Discussion of the different types of spectroscopic analysis: bulk, mixture, surface, and spectroscopic microanalysis.
- Examination of the markets for spectroscopic instruments by their typical applications; these applications are broken into six main groups: biotechnology, environmental, food and beverage, industrial chemistry, materials, and pharmaceuticals.
- Evaluations of the technology, with an emphasis on both established and new spectroscopic technologies.
- Coverage of the structure and activities of the spectroscopic industry, with emphasis on industry classification, the active mergers-and-acquisitions (M&A) business, marketing and competitive factors, and major domestic producers and suppliers.
- Comprehensive company profiles of the major suppliers in the industry.
Report Scope
The scope of this study encompasses spectroscopy in pharmaceutical and biotechnology, environmental, food and beverage, and other industries. BCC analyzes each market in terms of its applications, regulatory environment, technology, market projections, and market shares. Technological issues include the latest trends and developments. The report splits the worldwide market into North America, Europe, and the emerging markets. The emerging market for spectroscopy includes countries such as India, China, Japan, Korea, Taiwan, Africa, Australia, New Zealand, etc. The North American market covers the U.S., Canada and Mexico.
Analyst Credentials
Shalini Shahani Dewan focuses on pharmaceuticals and biotechnology and has been a BCC Research contributor since 2002 as both an analyst and project manager. She has explored a wide range of topics and companies, including working for Johnson & Johnson doing market surveillance. She has an undergraduate degree in pharmacy and master's degree in medicinal chemistry. She resides in the Bay Area.
Report Highlights
-
The total U.S. spectroscopy market by application was worth $4.9 billion in 2009. This market is expected to increase by a compound annual growth rate (CAGR) of 6% to reach $6.5 billion in 2014.
-
Pharmaceuticals, the current application market leader, had a 2009 value of more than $1 billion. This market is expected to grow at a compound annual growth rate (CAGR) of 6.1% to reach $1.4 billion in 2014.
-
Molecular spectroscopy is a large market that in 2009 was estimated to be about $1.8 billion. It should expand at a compound annual growth rate (CAGR) of 6.1% to nearly $2.4 billion in 2014.
Report Highlights
-
The total U.S. market for spectroscopic instruments was more than $3.6 billion in 2005. At an average annual growth rate (AAGR) of 7.7%, this market will cross $5.2 billion by 2010
-
Molecular spectroscopy, the science of analysis of molecules, consists of infrared (IR), ultraviolet and visible (UV-Vis or UV/Vis), Raman, and nuclear and electron spin resonance (NMR/ESR) spectroscopy. This is a large market that in 2005 BCC Research estimates to be about $1.2 billion, growing at an AAGR of 7.2% to almost $1.7 billion in 2010.
-
Atomic spectroscopy, concerned more with the determination and analysis of individual atoms, consists of atomic absorption (AA), X-ray, arc/spark, and plasma spectroscopy. This total market in the United States was about $942 million in 2005 and should grow at an AAGR of 6.6% to almost $1.3 billion in 2010.
Report Highlights
-
The 2002, the U.S. spectroscopy market was about $ 2.8 billion, increasing at a 9.1% average annual growth rate (AAGR).
-
Fastest growth will be in hyphenated spectroscopy, increasing at a 12.2% AAGR.
-
Sales of hyphenated spectroscopy will reach about $787.9 million in 2007.
-
Mass spectroscopy will show a 10.9% AAGR, and 2007 sales of $930.5 million.
Related Reports
Portable Medical Electronic Products: Technologies and Global Markets
The global market for portable medical electronic products was valued at $49.3 billion in 2011 and should reach $51.9 billion in 2012. Total market value is expected to reach $77.4 billion in 2017 after increasing at a compound annual growth rate (CAGR) of 8.3%.
Global Markets for Drug-Device Combinations
The market for global drug device combination products was valued at $18.5 billion in 2011 and should reach $19 billion in 2012. Total market value is expected to reach $30.5 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 9.9%.
Superconductors: Technologies and Global Markets
The global market for superconductor technologies was valued at nearly $1.7 billion in 2011 and should reach $1.8 billion in 2012. Total market value is expected to reach $3.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 12.6%.
Drug Discovery Technologies
The global market for drug discovery technologies and products reached $38.4 billion in 2011. It is expected to expand to $41.4 billion in 2012 and to $79.0 billion in 2017, a compound annual growth rate (CAGR) of 13.8% between 2012 and 2017.
Recent Reports
Protective Relays and Circuit Breakers: Global Markets
The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.
Brain-Computer Interface: Global Markets
The global market for brain computer interface (BCI) was valued at $2.1 billion in 2023. The market is expected to grow from $2.3 billion in 2024 to $4.5 billion by 2029, at a compound annual growth rate (CAGR) of 14.2% from 2024 through 2029.
Educational Equipment and Software: Global Markets
The global market for educational equipment and software is expected to grow from $105.4 billion in 2024 and is projected to reach $187.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.2% during the forecast period of 2024 to 2029.
Global Commercial Drones Market
The report provides an overview of the global commercial drones market and a detailed analysis of the market players' products and strategies. Using 2023 as the base year, the report provides estimated market data for 2024 through 2029. Revenue forecasts for this period are segmented based on type, technology, weight, end-user, and geography.
Drone Technology and Global Markets
The global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.
Top Trending Reports
AI in Clinical and Molecular Diagnostics Market
The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.
Point-of-Care Diagnostics: Technologies and Global Markets
The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.
Medical Devices: Technologies and Global Markets
The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Global Artificial Intelligence (AI) Market: Investments vs Potential
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More