The study involved four major activities in estimating the current market size for UV/visible spectroscopy.
Exhaustive secondary research was done to collect information on the market and its different sub-segments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
Thereafter market breakdown and data triangulation was used to estimate the market size of segments and sub-segments.According MarketsandMarkets™ Research – The report “UV/Visible Spectroscopy Market by Instrument Type (Single-Beam, Dual-Beam), Application (Academic Application, Industrial Application), End User (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes) – Global Forecast to 2025“, is expected to reach USD 1.2 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 4.7%.The Growth in UV/visible Spectroscopy market is mainly driven by factors such as application of UV/visible spectroscopy in environmental screening, growing use of UV/visible spectroscopy in pharmaceutical & biotechnology industry, technological advancements and increasing need for food analysis.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=243898303Growth Drivers: Increasing application of UV/visible spectroscopy in pharmaceutical & biotechnology industry to drive market growthThe application of UV/visible spectroscopy as an analytical technique in pharmaceutical and biotechnology R is likely to grow due to technological advancements in spectroscopy systems that have enabled high throughput screening, microvolume sampling, and software integration with instruments.
Such advancements have ensured that a large number of data points can be gathered, recorded, and shared using these systems, which proves highly beneficial for R and is a major factor driving the growth of UV/visible spectroscopy market.Opportunities: Growing opportunities in emerging nationsAs compared to mature markets such as the US and Europe, emerging markets such as China and India are expected to provide significant growth opportunities for players.Many key industry players are strengthening their presence worldwide by establishing new facilities, R, and innovation centers.
Shimadzu Corporation set up a new research facility at the Technology Research Laboratory in Keihanna Science City, Japan.
The study involved four major activities in estimating the current market size for UV/visible spectroscopy.
Exhaustive secondary research was done to collect information on the market and its different sub-segments.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
Thereafter market breakdown and data triangulation was used to estimate the market size of segments and sub-segments.According MarketsandMarkets™ Research – The report “UV/Visible Spectroscopy Market by Instrument Type (Single-Beam, Dual-Beam), Application (Academic Application, Industrial Application), End User (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes) – Global Forecast to 2025“, is expected to reach USD 1.2 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 4.7%.The Growth in UV/visible Spectroscopy market is mainly driven by factors such as application of UV/visible spectroscopy in environmental screening, growing use of UV/visible spectroscopy in pharmaceutical & biotechnology industry, technological advancements and increasing need for food analysis.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=243898303Growth Drivers: Increasing application of UV/visible spectroscopy in pharmaceutical & biotechnology industry to drive market growthThe application of UV/visible spectroscopy as an analytical technique in pharmaceutical and biotechnology R is likely to grow due to technological advancements in spectroscopy systems that have enabled high throughput screening, microvolume sampling, and software integration with instruments.
Such advancements have ensured that a large number of data points can be gathered, recorded, and shared using these systems, which proves highly beneficial for R and is a major factor driving the growth of UV/visible spectroscopy market.Opportunities: Growing opportunities in emerging nationsAs compared to mature markets such as the US and Europe, emerging markets such as China and India are expected to provide significant growth opportunities for players.Many key industry players are strengthening their presence worldwide by establishing new facilities, R, and innovation centers.
Shimadzu Corporation set up a new research facility at the Technology Research Laboratory in Keihanna Science City, Japan.