LONDON, Sept. 27, 2016 /PRNewswire/ -- This BCC Research report explores present and future strategies within the spectroscopic technique market, which includes molecular spectroscopy, atomic spectroscopy, mass and hyphenated spectroscopy, and Mossbauer and microwave spectroscopy. Forecast provided from 2015-2020.
Use this report to:
Analyze the spectroscopy market and its applications, regulatory environment, new products and advancements, market projections, and market shares.
Explore current and future trends within the spectroscopy technique market, which include molecular, atomic, mass/hyphenated, and some other types of spectroscopies.
Receive extensive analysis of the industry, current market trends, industry drivers, and challenges, in order to enable a better understanding of the market structure.
Gain information on significant patents and their allotments in each category
The global spectroscopy market reached $13.5 billion in 2015 and should reach $15.6 billion in 2020, a compound annual growth rate (CAGR) of 2.9% through 2020.
The North American market reached nearly $4.8 billion in 2015 and should reach $5.9 billion by 2020, a CAGR of 4.5%.
Emerging markets, the second largest market segment, reached $5.0 billion in 2015 and should reach $5.7 billion in 2020, a CAGR of 2.5%.
Spectroscopy market is an expanding market in the field of analytical and chemical research. Spectroscopic analysis determines the atomic and molecular composition of a compound. Spectroscopy has a wide range of use in fields such as pharmaceutical and biotechnology, food and beverage, environmental and many more.
BCC Research's goal in conducting this study is to provide an overview of the current and future characteristics of the global market for various types of spectroscopic techniques. This report explores present and future strategies within the spectroscopic technique market, which includes molecular spectroscopy, atomic spectroscopy, mass and hyphenated spectroscopy, and other spectroscopy such as Mössbauer and microwave spectroscopy.
The inventions in the market, the holdups and the needs of the market are discussed in this report. The classifications, comparisons and usage of these products are also detailed in this report. Other spectroscopic products and the industry structure are analyzed, and revenues are broken down by region. Sales figures are estimated for the five-year period from 2015 through 2020. Applications/ end users for spectroscopy products are also discussed separately in the report. The report also covers significant patents and their allotments in each category.
REASONS FOR DOING THIS STUDY
The global spectroscopic market has grown in the past few years. The increase in these markets was largely due to the technological developments and demand from pharmaceutical and biotechnology, environmental, and food and beverage industries. Extensive research in the field of spectroscopic products has revealed their usage in developing efficient, user-friendly and affordable analytical techniques. Rising interest in eco-friendly technologies and increased environmental concerns has further led to the increasing need for, and a steady market for, spectroscopic instruments. R&D spending, along with increasing competition, patent expiries and new technologies are giving a direction to the market.
The advancements, new product launches and changing lifestyles have influenced the market to grow in the future. This study looks at almost all the systems affected by these factors. Acquisition strategies and collaborations by companies are also covered in this report. This study also discusses the strengths and weaknesses of each type in light of the new technologies, growing competition and changing customer needs.
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