Spectrometers, spectrophotometers, and spectrofluorometers market to Reach $10.5B by 2010

March 11, 2008 — /PRWEB/ — SAN JOSE, CA — Spectroscopic instruments have been crucial in the laboratory since their inception. Various segments of the spectrometry industry have evolved to meet the burgeoning requirements of life sciences and pharmaceutical industries. Mass spectrometry techniques are useful in performing tasks such as monitoring processes, identifying compounds, and elucidating chemical structures. This has resulted in increase in demand for spectrometers and auxiliary equipment, expanding the market into a multi billion-dollar industry.

Developments in infrared, near infrared, and fourier-transform infrared spectroscopy are gradually expanding use into novel applications. These instruments, which have been traditionally used in areas such as analytical chemistry, are finding application in medical and pharmaceutical areas. Research efforts are currently focused on development of noninvasive near-IR techniques to probe the hemodynamics of tissue samples in vivo. Ongoing efforts also explore the use of these techniques for blood delivery for injured tissues.

The United States dominates the global spectrometer, spectrophotometer, and spectrofluorometer market with sales estimated at $3.2 billion for 2007. Expanding Asian research and industrial markets, including China and India, spell new opportunities for spectrometry, as stated by Global Industry Analysts, Inc. The mass spectrometers market makes up a significant share of the spectrometry market and is projected to expand to $2.5 billion by 2010. Nuclear magnetic resonance spectrometers comprise the fastest growing sub segment within the molecular spectroscopy market. Market for this segment is nearly saturated in developed countries including the United States and Europe. However, developing regions, including Asia-Pacific and Latin America, are yet to witness rapid proliferation of this technique. Europe is the second largest market for spectrometers, spectrophotometers, and spectrofluorometers worldwide next to the US. Mass spectrometry represents the fastest growing segment with CAGR of 9 percent. Ongoing consolidation in the pharmaceutical industry poses a major challenge for providers of mass spectrometry instruments for proteomics.

Key players profiled in the report include Agilent Technologies Inc., Applied Biosystems Group, Bruker Daltonics, Inc., Hitachi Ltd, JEOL Ltd, MDS Sciex, PerkinElmer, Inc., Shimadzu Corporation, Thermo Fisher Scientific, Varian Inc., and Waters Corporation. Applied Biosystems Group, Waters, and Thermo Fisher hold about 65 percent share of the global market for mass spectrometers.

The report titled “Spectrometers, Spectrophotometers, and Spectrofluorometers: A Global Strategic Business Report,” published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent product launches/innovations, developments, mergers, acquisitions, and other strategic industry activities. Market size estimates and projections are presented over the years 2000 through 2010, while long-term projections are provided for the years 2011 through 2015. Product segments analyzed in the study include molecular spectroscopy (UV-Vis spectrophotometers, raman spectrometers, nuclear magnetic resonance spectrometers, near infrared spectrometer, 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 spectromete rs; and accessories. Analysis is presented for established and emerging markets including the United States, Japan, France, Germany, the United Kingdom, Italy, Asia-Pacific, and Latin America.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc. is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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