You are on page 1of 5

Spectrometry Global Market

–Forecast to 2022

Spectrometry Global Market estimated to be worth $20,075 million by 2022

IQ4I Research & Consultancy published a new report on “Spectrometry Global
Market – Forecast To 2022” analyzes and studies the overall market, major drivers &
Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and Rest of the
World
IQ4I’s Report Contains 164 market data tables and 48 figures spread through 466
pages and an exhaustive TOC on “Spectrometry Global Market [TECHNOLOGY
(Atomic Spectrometry (Atomic Absorption, XRD, XRF, XPS, ICP-AES, Elemental
Analyzers and Others); Mass Spectrometry (GC-MS (Single Quadrupole, Triple
Quadrupole, Q-TOF, Others), LC-MS (Single Quadrupole, Triple Quadrupole, Q-TOF,
Others), ICP-MS (Single Quadrupole, High Resolution & Multicollector), Fourier
Transform Mass Spectrometry, Magnetic Sector Mass Spectrometry and Others);
Molecular Spectrometry (NMR (Continuous Wave, Fourier Transform, Solid State), UVVisible (Single beam, Double beam, Array based), Infrared (Near, Mid, Far), Color
Measurement, Raman Spectrometry (Fourier Transform, Surface Enhancing, Micro
Raman)); APPLICATIONS (Agri, Food & Beverage, Biotechnology, Pharmaceuticals,
Chemical industry, Environmental Testing, Semiconductors & Others); REGION
(North America, Europe, Asia-Pacific and Rest of the World)]
This report analyzes the spectrometry global market in terms of market revenue ($ million)
for all segments and it enables spectrometer manufacturers, distributors and wholesalers,
various academic research and consulting firms, and associations related to spectrometry,
OEM/contract manufacturers to identify and analyze market expansion opportunities,
upcoming technologies, Patent Trends and competition in spectrometry global market.
With latest advancement in analytical instrumentation from the array of researchers and
manufacturers the use of spectrometry has become a popular technology for wide
assortment of analytical and bio-analytical techniques for the analysis in genomics,
proteomics, metabolomics and lipidomics etc. The global spectrometry market is expected to
grow at mid range single digit CAGR to reach $20,075 million by 2022.
Increase in usage of hand-held and portable spectrometer devices, high rate influx of
innovative products, increasing demand from emerging countries and fund allotment from
government organizations/companies are likely to propel the spectrometry market. However,
complex regulatory guidelines, huge capital investments and shortage of skilled technicians
are hampering the growth of the market. Unfavourable economic conditions are mainly
leading to reduced product sales which are the major threat for the spectrometry industry.
IQ4I Research & Consultancy Pvt. Ltd.

Page 1

Spectrometry Global Market
–Forecast to 2022

In medical research and clinical diagnostics the use of spectroscopy facilitates non-invasive
and safe analysis of soft tissues. Now-a-days, researchers are developing highly promising
smart and miniaturized spectrometers that would help in real-time analysis using variety of
environmental samples which accelerates the market growth. Miniaturization is now a trend
where higher throughput is observed in small instrument and is available commercially. For
instance, Microsaic company manufactures miniaturized mass detector for real-time online
reaction data and customers are able to increase the use of spectrometers in labs by
benefiting from cost savings. Patent are filed regularly which is a measurement of research
activity being carried out by the industry players. AB Sciex, Agilent Technologies,
BioMerieux, Bruker Corporation, Horiba, Perkin Elmer, Shimadzu Corporation, Thermo
Fisher Scientific and Waters Corporation are some of the major companies filed patents for
atomic, mass and molecular spectrometry. Shimadzu corporation has filed 57 patents for
spectrometry from 2011 till present where in 2016, 8 patents have been filed.
Spectrometry market is mainly classified into technology, application, end-users and
geography. The global spectrometry market by technology is further divided into atomic
spectrometry, mass spectrometry and molecular spectrometry. Among these, molecular
spectrometry accounts for largest revenue and mass spectrometry is fastest growing
segment with 8.9% CAGR.
The atomic spectrometry market is further divided into atomic absorption spectrometry
(AAS), X-ray diffraction spectrometry (XRD), X-ray fluorescence spectrometry (XRF), X-ray
photoelectron (XPS), inductively coupled plasma-atomic emission spectrometer (ICP-AES)
elemental analyzers and others which includes arc/spark optical emission spectrometry and
glow discharge optical emission spectrometry (GD-OES) where others segment holds with a
largest revenue with a CAGR of 4.6% and inductively coupled plasma-atomic emission
spectrometer is the fastest growing segment.
The mass spectrometry includes gas chromatography-mass spectrometry (GC-MS), liquid
chromatography-mass

spectrometry

(LC-MS),

inductively

coupled

plasma

mass

spectrometry (ICP-MS), magnetic sector mass spectrometry (MSMS), Fourier transform
mass spectrometry (FTMS) and others. LC-MS accounted for the largest revenue, while
ICP-MS segment is the fastest growing segment, and is expected to reach $770 million by
2022.
Molecular spectrometry is classified into nuclear magnetic resonance spectrometry (NMR),
ultraviolet visible spectrometry (UV-Vis), infrared spectrometry (IR), color measurement near
IQ4I Research & Consultancy Pvt. Ltd.

Page 2

Spectrometry Global Market
–Forecast to 2022

infrared spectrometry (NIR) and Raman spectrometry. The nuclear magnetic resonance is
sub-segmented into continuous wave, fourier transform and solid state NMR. The ultraviolet
visible spectrometry is further classified into single beam, double beam and array based UVvisible spectrometry. Infrared segment includes near infrared (NIR), mid infrared (MIR) and
far infrared spectrometry (FIR). Color measurement includes luminescence which is further
sub-segmented into fluorescence spectrometry. Raman spectrometry is further classified
into fourier transform, surface enhancing and micro Raman spectrometry.
The spectrometry application market includes agriculture, food and beverage, biotechnology,
pharmaceuticals,

environmental

testing,

chemical

industry,

semiconductors

/electronics/nanotechnology and others which include forensic, geology, petrochemical
industry, defence industry, cosmetics, marine emission control (MEC), material science, oil
and gas, automotive, archaeology.
In applications, pharmaceuticals segment holds the largest share of 32.9% and
semiconductors, electronics and nanotechnology is the fastest growing segment with high
single digit CAGR from 2015 to 2022. Geographical wise, North America is the largest
market followed by Europe, Asia and Rest of the World. The Asia Pacific region is the fastest
growing region with a double digit CAGR from 2015 to 2022 suggesting an array of
opportunities for growth and likely to be getting into the eyes of new investors in the
spectrometry market.
The spectrometry global market is a highly fragmented market and all the existing players in
this market are involved in developing new and advanced products to maintain their market
shares. Some of the key players of the spectrometry market are AB Sciex (U.S.), Agilent
Technologies Inc (U.S.), Analytik Jena AG (Germany), Biomerieux (France), Bruker
Corporation (U.S.), Horiba (Japan), Perkin Elmer (U.S.), Shimadzu Corporation (Japan),
Thermo Fisher Scientific Inc (U.S.), and Waters Corporation (U.S.).
Reasons for buying this report:

Analysis of the spectrometry market by identifying various segments by type,
application and geography.

Revenue forecast of the spectrometry market and strategic analysis of each
submarket with respect to segmental growth trends.

IQ4I Research & Consultancy Pvt. Ltd.

Page 3

Spectrometry Global Market
–Forecast to 2022

Detailed sub-segmentation of mass, molecular & atomic spectrometry global
markets.

Analysis of the major market trends and factors driving or inhibiting the growth of the
spectrometry global market.

Revenue forecast of the spectrometry market with respect to North America, Europe,
Asia-Pacific and the Rest of the World (RoW) regions.

Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.

Patent trends, Technological advancements & upcoming technologies of the
spectrometry market.

Market share analysis of key players in Spectrometry, Mass, Molecular & Atomic
Spectrometry markets, details of their product offerings, revenues and business
strategies of major players.

Established and Emerging players (136 companies) and their product offerings.

IQ4I Research & Consultancy Pvt. Ltd.

Page 4

Spectrometry Global Market
–Forecast to 2022

FIGURE 1
SPECTROMETRY GLOBAL MARKET SEGMENTATION

Global Spectrometry Market

By Technology

By Application

By Geography

Atomic Spectrometry

Mass Spectrometry

Molecular Spectrometry

Agri, Food and Beverage
Industries

North America

Atomic Absorption

GC-MS

NMR

Biotechnology

Europe

X-ray Diffraction

LC-MS

Ultraviolet- Visible
Spectrometry

Pharmaceuticals

Asia Pacific

X-ray Fluorescence

ICP-MS

Infrared Spectrometry

Environmental Testing

Rest of the World

X-ray Photoelectron

Magnetic Sector MS

Color Measurement

Chemical Industry

ICP-AES

FT-MS

Raman Spectrometry

Semiconductors ,
Electronic, Nanotech

Elemental Analyzers

Others

Others

Others

Request for more information

IQ4I Research & Consultancy Pvt. Ltd.

Page 5