UV Visible Spectroscopy is a powerful tool used in a variety of scientific and industrial applications. It is used to measure the concentration of a sample or to identify unknown compounds. This technology has seen significant growth in recent years due to its wide range of applications. This article will provide an overview of the UV Visible Spectroscopy market and its key players.
Currently, UV Visible Spectroscopy Market is expected to reach USD 1.2 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 4.7%. Growth in UV/visible Spectroscopy market is mainly driven by factors such as the application of UV/visible spectroscopy in environmental screening, growing use of UV/visible spectroscopy in the pharmaceutical & biotechnology industry, technological advancements and the increasing need for food analysis. On the other hand, the longevity of instruments and the dearth of skilled professionals is expected to limit market growth to a certain extent during the forecast period.
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Market Overview
The UV Visible Spectroscopy market is estimated to reach $ 1.2 billion by 2025, with a CAGR of 4.7 % during the forecast period of 2020 to 2025. This growth is attributed to the increasing demand for UV Visible Spectroscopy in the healthcare and pharmaceutical industries, as well as the growing adoption of this technology in research and development activities.
Key Players
The key players in the UV Visible Spectroscopy market include Shimadzu Corporation (Japan), Agilent Technologies (US), Thermo Fisher Scientific, Inc. (US), PerkinElmer, Inc. (US). Other players involved in this market include Bio-Rad Laboratories, Inc. (US), Bruker Corporation (US), Hach Company (US), Hitachi High-Technologies Corporation (Japan), HORIBA., Ltd (Japan), Mettler-Toledo (Switzerland), Hamamatsu Photonics KK (Japan), Cole-Parmer (UK), Analytik Jena (Germany), GBC Scientific Equipment (US), JASCO Inc. (US), Buck Scientific (US), Biochrom Ltd (UK), AMETEK Process, PG Instruments Ltd (UK) and PERSEE ANALYTICS, Inc (US).
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Recent Developments
- In 2020, Agilent technologies signed sponsorship agreement with My green lab to highlight their ongoing commitment to sustainability
- In 2019, Shimadzu Corporation launched six new models of UV-VIS spectrophotometer runder a new UV-i Selection brand. UV-1900i, UV-2600i, UV-2700i, UV-3600i Plus, SolidSpec-3700i, and Solidspec-3700i DUV.
- In 2019, Thermo Fisher Scientific inaugurated the state of art customer solution in India. The facility will provide company’s industry-leading offerings of analytical instrumentation, software, and consumables to showcase Thermo Fisher’s strong foothold in India.
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