DUBLIN--(BUSINESS WIRE)--The "Process Spectroscopy Market Size, Share & Trends Analysis Report By Technology (Molecular, Mass, Atomic), By Application (Pharmaceutical, Food & Agriculture), By Component, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global process spectroscopy market size is estimated to reach USD 25.10 billion by 2025, progressing at a CAGR of 7.5% during the forecast period.
Growing efforts in the pharmaceutical industry to undertake advanced research and development is leading to increased adoption of various spectroscopy techniques over the forecast period.
The technology is anticipated to witness healthy growth owing to rising awareness regarding the importance of product quality among industries. Reducing operational expenditure is another factor expected to drive the market over the forecast period.
Furthermore, significant R&D activities are undertaken, which have led to several drug discoveries. Increasing number of drug discovery processes is leading to a greater number of treatment options for various diseases. Treatment options include drugs as well as non-drug therapies such as surgeries and radiations.
Surging demand for spectroscopic techniques and related equipment installations across the globe are poised to augment the market over the forecast period. The process spectroscopy market is likely to witness tremendous growth over the forecast years, owing to increasing awareness of quality spectroscopic devices among end-use industries.
Molecular spectroscopy is a technology that is widely adopted across different application sectors including pharmaceuticals and food & agriculture. The molecular spectroscopy segment held the largest share in the market in 2017 and is projected to maintain its dominance over the forecast period.
Although, the considerable initial investment required for installation of spectroscopic equipment have forced industry players to pass the cost onto consumers, thereby increasing prices of process spectroscopic instruments. However, emergence of cost-effective technologies in the coming years can lead to reduction in prices of these instruments.
Key Findings
- Several law enforcement authorities and government regulatory bodies imposed for betterment of product quality in the food & agriculture sector are encouraging the manufacturing & packaging industries to adopt measures to meet imposed specifications
- The adoption of various spectroscopic techniques is expected to rise significantly over the forecast period in the pharmaceutical and food & agriculture segments
- The Asia Pacific market is estimated to witness tremendous growth over the forecast period
- The key industry participants include ABB Group, Buchi Labortechnik AG, Danaher Corporation, Shimadzu Corporation, and Sartorius AG
Topics Covered
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Process Spectroscopy Industry Outlook
Chapter 4 Process Spectroscopy: Technology Estimates & Trend Analysis
Chapter 5 Process Spectroscopy: Application Estimates & Trend Analysis
Chapter 6 Process Spectroscopy: Component Estimates & Trend Analysis
Chapter 7 Process Spectroscopy: Regional Estimates & Trend Analysis
Chapter 8 Competitive Landscape
- ABB Group
- Agilent Technologies
- Bruker Corporation
- Buchi Labortechnik AG
- Danaher Corporation
- Foss
- HORIBA, Ltd.
- Kaiser Optical Systems, Inc.
- Kett Electric Laboratory
- Sartorius AG
- Shimadzu Corporation
- Thermo Fisher Scientific, Inc.
- Yokogawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/research/2z64fm/global_process?w=4
