Advanced Products & Expanding Applications to Drive Sales of Spectrometers and Spectrophoto/Fluorometers, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Spectrometers and Spectrophoto/Fluorometers markets. The global market for Spectrometers and Spectrophoto/Fluorometers is projected to reach US$18.4 billion by the year 2018, driven by increasing demand from various industries, and advancements in the fields of drug discovery and development, pharmacogenomics, and metabolomics. Development of advanced instruments and growing popularity and portable instruments bodes well for the future of the market.

Spectrometers and Spectrophoto/Fluorometers: A Global Strategic Business Report

Follow us on LinkedIn – Spectroscopic instruments have become crucial for laboratory settings, and find use in carrying out diverse tasks such as monitoring processes, identifying compounds, and elucidating chemical structures. Spectroscopy has exhibited resilience to economic adversities over the years, largely due to the increasing scientific needs of varied application areas. The only exception was in 2009, when sales declined owing to the global economic crisis. However, the market recovered in 2010 and witnessed strong resurgence in 2011, driven by rising sales of spectroscopy instruments led by the increased purchases of instrument system by laboratories. In the long run, demand from industries such as metals, chemicals and automotive is expected to continue driving growth in the spectroscopy market. Further, advancements in the areas of drug discovery and development, metabolomics, pharmacogenomics, and expanded application markets bode well for the future of spectroscopy market. Demand is also expected from security and defense industries; research targeted at discovery and use of new materials as well as continued growth in applications suitable for use in the life sciences market.

As stated by the new market research report on Spectrometers and Spectrophoto/Fluorometers, developed markets such as the United States, Europe and Japan account for a predominant share of the worldwide market. Government stimulus programs have also contributed considerably to the growth in the spectroscopy market. In developed regions, demand would be largely driven by the advent of portable, sturdy and affordable spectrometers, which feature advanced technologies such as spectral bandwidth and operation frequency range. Advanced spectrometers are aimed at addressing the emerging demands of areas such as mineralogy, medicine, environment, pharmaceuticals and biochemistry. Despite the continued dominance of developed regions, emerging economies specifically in Asia-Pacific, such as India and China, and Latin America are expected to offer newer opportunities owing to the different economics as well as application needs.

Molecular Spectroscopy represents the largest product category in the global Spectrometers and Spectrophoto/Fluorometers market. The segment is expected to post modest growth in the coming years driven primarily by the sustained adoption and demand for handheld instruments across various market segments. The US represents the single largest market for molecular spectroscopy. Atomic Spectroscopy, another major segment, is expected to benefit from the growing demand from X-ray and life science industries. The most widely deployed devices within the atomic spectroscopy market include XRF (X-ray fluorescence) and XRD (X-ray diffraction). Mass Spectrometry (MS) represents the fastest growing product segment in the global Spectrometers and Spectrophoto/Fluorometers market. Increasing developments in the areas of medical research, environment and food safety are expected to bolster MS market. Advent of technologically advanced products and the growing need to replace existing or obsolete systems also presence potential opportunities for the MS market.

Global spectrometry market is both concentrated and fragmented because of the diversity of technologies. Major players profiled in the report include AB SCIEX, Agilent Technologies Inc., Bruker Daltonics Inc., Digilab Inc., Extrel CMS LLC, FOSS NIRSystems Inc., Hitachi High-Technologies Corp., JEOL Ltd., Ocean Optics Inc., PerkinElmer Inc., Rigaku Corporation, Shimadzu Corporation, Spectris Plc, Stellar Net Inc., Thermo Fisher Scientific Inc., and Waters Corporation.

The research report titled "Spectrometers and Spectrophoto/Fluorometers: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia Pacific, Latin America, and Rest of World. Product segments analyzed include Molecular Spectroscopy (UV-Vis Spectrophotometers, Raman Spectrometers, Nuclear Magnetic Resonance (NMR), Near Infrared (NIR) Spectrometers, FTIR Spectrometers, and Others); Atomic Spectroscopy (Ark/Spark Spectrometers, Plasma Spectrometers (ICP, ICP-MS), Atomic Absorption Spectrometers, and Others); Hyphenated Spectrometry (LC-MS, GC-MS); Mass Spectrometry; Fluorescence Spectrometers; and Accessories.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Spectrometers_And_Spectrophoto_Fluorometers_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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