About Molecular Spectroscopy
Spectroscopy is used to ascertain the structure, mass, and composition of the substance under consideration and provide an accurate analysis for the same. Generally, spectroscopy is divided into two segments namely, atomic and molecular spectroscopy. Molecular spectroscopy is an analytical technology used for measuring the spectrum response of molecules interacting with several energies and frequencies.
Technavio’s analysts forecast the global molecular spectroscopy market to grow at a CAGR of 6.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global molecular spectroscopy market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of molecular spectroscopy from the product type such as:
Technavio Announces the Publication of its Research Report – Global Molecular Spectroscopy Market 2017-2021
Technavio recognizes the following companies as the key players in the global molecular spectroscopy market: Agilent Technologies, Bruker, PerkinElmer, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: ABB, AMS Technologies, Analytik Jena, Cole-Parmer, FOSS, Hitachi High-Technologies, JASCO, JEOL, Oxford Instruments, and Shimadzu.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing cases of cancer. There is an increasing prevalence of cancer worldwide due to an unhealthy diet, lack of physical activity, tobacco usage, and excessive alcohol consumption. There is a parallel rise in the number of cancer research where cancer cells are studied using molecular spectroscopy technologies such as Raman spectroscopy, based on which appropriate and possible treatments solutions are tested. The identification and measurement of Raman scattering are used frequently in the detection and diagnosis of various cancers including breast, brain, cervical, pancreatic, and colon.”
According to the report, one of the major drivers for this market is technological advances. In the last few years, molecular spectroscopy has witnessed an extension of its applications in medical, biological, and sensing fields. This has prompted the vendors to improve their existing instrumentation and develop new products based on the changing needs of customers.
Further, the report states that one of the major factors hindering the growth of this market is high cost of instruments.
Molecular spectroscopy technologies with specific and advanced features are expensive to procure and maintain due to which their adoption can be hindered. In cases of customization as per end-user needs, the total cost of the molecular spectroscopy will increase.
Agilent Technologies, Bruker, PerkinElmer, Thermo Fisher Scientific, ABB, AMS Technologies, Analytik Jena, Cole-Parmer, FOSS, Hitachi High-Technologies, JASCO, JEOL, Oxford Instruments, Shimadzu.
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