The global spectrometry market is anticipated to witness an uptick owing to the increase in expenditure on pharmaceutical R&D across the globe. For instance, In 2019, research and development spending in the pharmaceutical industry was USD 186 billion globally. In comparison, the R&D expenditures totaled USD 159 billion in 2016. Further, this spending is anticipated to reach USD 233 billion by 2026. Owing to this, there has been an increase in the number of drug launches and drug approvals over the last few years. In addition to this, the advancement in the pharma and medical field, the flourishing biotechnology industry, and the growing acceptance of personalized medicine are some factors driving the growth of the spectrometry market globally.
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According to UnivDatos Market Insights (UMI)’ research report “Global Spectrometry Market Analysis, 2020”, the spectrometry market is projected to grow at a CAGR of around 7% during 2021-27F. With the rapid advancement in technology and rising investment in R&D for introducing new and advanced devices, many industry players are focusing on expanding their product portfolio by launching new products in the market due to which the spectrometry market is expected to grow across the globe.
Based on the application, the market is fragmented into proteomics, metabolomics, pharmaceutical analysis, and others. The pharmaceutical analysis segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period as spectrometry techniques have a wide range of applications in the pharmaceutical industries.
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Government & Academic Institutions Segment to Witness Robust growth
Based on end-users, the market is segmented into government & academic institutions, pharmaceutical & biotechnological companies, and others. In 2020, the government & academic institutions segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The growth of this segment is attributed to the growing focus on research & development and the wide usage of spectrometry techniques in various research studies conducted by government & academic institutions. However, the pharmaceutical & biotechnological companies segment is anticipated to grow with a lucrative CAGR during the projected timeframe.
North America to witness Explicit Growth
Based on the region, the North America spectrometry market is expected to witness robust growth during the forecasted period 2021-27 owing to the growing healthcare expenditure and well-established healthcare infrastructure. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Spectrometry Market Analysis, 2020”.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Spectrometry Market include Thermo Fisher Scientific, PerkinElmer, Inc., Agilent Technologies, Waters Corporation, Shimadzu Corporation, Danaher Corporation, Leco Corporation, Bruker Corporation, Endress+hauser group, Kore Technology, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.
“Global Spectrometry Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for spectrometry providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Product (Instruments, Consumables, and Services)
2. By Type (Molecular Spectrometry, Mass Spectrometry, and Atomic Spectrometry)
3. By Application (Proteomics, Metabolomics, Pharmaceutical Analysis, and Others)
4. By End-Users (Government & Academic Institutions, Pharmaceutical & Biotechnological Companies, and Others)
5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6. By Company (Thermo Fisher Scientific, PerkinElmer, Inc., Agilent Technologies, Waters Corporation, Shimadzu Corporation, Danaher Corporation, Leco Corporation, Bruker Corporation, Endress+hauser group, Kore Technology, etc.)
Key questions answered in the study:
1. What are the current and future trends of the spectrometry industry?
2. How the industry has been evolving in terms of product, application, type, and distribution channels?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the spectrometry industry?
5. What is the customer orientation, purchase behavior, and expectations from spectrometry firms across various regions?
Table of Content –
1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY OR ASSUMPTION
3. MARKET SYNOPSIS
4. EXECUTIVE SUMMARY
5. GLOBAL SPECTROMETRY MARKET COVID-19 IMPACT
6. GLOBAL SPECTROMETRY MARKET REVENUE, 2019-2027F
7. MARKET INSIGHTS BY TYPE
8. MARKET INSIGHTS BY PRODUCT
9. MARKET INSIGHTS BY APPLICATION
10. MARKET INSIGHTS BY END-USERS
11. MARKET INSIGHTS BY REGION
12. SPECTROMETRY MARKET DYNAMICS
13. SPECTROMETRY MARKET OPPORTUNITIES
14. SPECTROMETRY MARKET TRENDS
15. LEGAL & REGULATORY FRAMEWORK
16. DEMAND AND SUPPLY SIDE ANALYSIS
17. VALUE CHAIN ANALYSIS
18. COMPETITIVE SCENARIO
19. COMPANY PROFILED
20. DISCLAIMER
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