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Global Spectrophotometer Market 2017-2021

Global Spectrophotometer Market 2017-2021

About Spectrophotometer

Spectrophotometers are the instruments that send an electromagnetic radiation into the given target and measure the intensity of the light passing through the target. These instruments create a visual curve that describes a color by measuring the intensity of the transmitted or reflected light. This spectral data ensures that the color is constant across diverse substrates and production processes. Spectrophotometers measure the full spectrum and then use slices of that spectrum, to measure the parameters through mathematical modeling such as polymerase chain reaction (PCR), partial least squares (PLS), and neural networks.

Technavio’s analysts forecast the global spectrophotometer market to grow at a CAGR of 11.97% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global spectrophotometer market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Spectrophotometer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Thermo Fisher Scientific
  • Agilent Technologies
  • Hitachi High-Technologies
  • PerkinElmer
  • Shimadzu
Other prominent vendors
  • Analytik Jena
  • Beckman Coulter
  • Biochrom Xylem
  • Bio-Rad Laboratories
  • Bruker
  • Cole-Parmer
  • Hach
  • Hunter Associates Laboratory
  • INESA INSTRUMENT
  • JASCO
  • METTLER TOLEDO
  • PG Instruments
  • VWR
  • X-Rite
  • Xylem
Market driver
  • Increasing use in cell culture
  • For a full, detailed list, view our report
Market challenge
  • Raw material procurement challenges
  • For a full, detailed list, view our report
Market trend
  • Increased consolidation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Spectrophotometer Market 2017-2021

Technavio recognizes the following companies as the key players in the global spectrophotometer market: Thermo Fisher Scientific, Agilent Technologies, Hitachi High-Technologies, PerkinElmer, and Shimadzu.

Other Prominent Vendors in the market are: Analytik Jena, Beckman Coulter, Biochrom Xylem, Bio-Rad Laboratories, Bruker, Cole-Parmer, Hach, Hunter Associates Laboratory, INESA INSTRUMENT, JASCO, METTLER TOLEDO, PG Instruments, VWR, X-Rite, and Xylem.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased consolidation. There has been a major change in the market landscape due to a series of M&A in the global spectrophotometer market. Vendors are adopting M&A to acquire technological expertise, enhance product portfolio, and expand their geographical presence. This has allowed the vendors to reduce their manufacturing cost and increase their production capacity, thereby allowing them to achieve economies of the scale.”

According to the report, one driver in the market is increasing use in cell culture. Cell culture refers to the cell removal from a plant or animals and their subsequent growth in a supportive artificial environment. The cells can be removed from the tissue directly and separated by mechanical or enzymatic methods before cultivation. They can also be derived from a cell strain or a cell line that is already been established. Factors such as the increasing incidence of chronic diseases, funding for cell-based research, growing regulatory approvals for vaccines based on cell culture, and technological enhancements in cell culture products will drive the cell culture market growth during the forecast period.

Further, the report states that one challenge in the market is raw material procurement challenges. As per the US Securities and Exchange Commission (SEC) regulations, it is mandatory for public companies to disclose a list of minerals known as conflict minerals, which are used for manufacturing spectrophotometers. The disclosure document about the supply chain of procuring minerals from the mines of the Democratic Republic of Congo is one step to stop illegal procurement of minerals from the Democratic Republic of Congo (DRC). The list of these conflict minerals includes tantalum, tin, tungsten, and gold (3TG).

Companies Mentioned

Thermo Fisher Scientific, Agilent Technologies, Hitachi High-Technologies, PerkinElmer, Shimadzu, Analytik Jena, Beckman Coulter, Biochrom Xylem, Bio-Rad Laboratories, Bruker, Cole-Parmer, Hach, Hunter Associates Laboratory, INESA INSTRUMENT, JASCO, METTLER TOLEDO, PG Instruments, VWR, X-Rite, and Xylem.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global spectrophotometer market
    • Market size and forecast
      • Table Global spectrophotometer market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Segmentation by application - Market size & forecast (2016-2021)
    • Comparison by application
      • Table Comparison by application
    • Life sciences - Market size and forecast
      • Table Life sciences - Market size & forecast 2016-2021 ($ millions)
      • Table Life sciences - Year-over-year growth 2017-2021 (%)
    • Pharmaceutical - Market size and forecast
      • Table Pharmaceutical - Market size & forecast 2016-2021 ($ millions)
      • Table Pharmaceutical - Year-over-year growth 2017-2021 (%)
    • Food and beverage - Market size and forecast
      • Table Food and beverages - Market size & forecast 2017-2021 ($ millions)
      • Table Food and beverages - Year-over-year growth 2017-2021 (%)
    • Environmental - Market size and forecast
      • Table Environmental - Market size & forecast 2016-2021 ($ millions)
      • Table Environmental - Year-over-year growth 2017-2021 (%)
    • Others- Market size and forecast
      • Table Others - Market size & forecast 2016-2021 ($ millions)
      • Table Others - Year-over-year growth 2017-2021 ($ millions)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global spectrometer market by region - market size & forecast (2016-2021)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast
      • Table Americas - Market size & forecast 2016-2021 ($ millions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top three countries in Americas
    • EMEA - Market size and forecast
      • Table EMEA- Market size & forecast 2016-2021 ($ millions)
      • Table EMEA - Year-over-year growth 2016-2021 (%)
      • Table Top three countries in EMEA
    • APAC - Market size and forecast
      • Table APAC - Market size & forecast 2017-2021 (%)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top three countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing investments and adoption of spectrophotometer in environmental monitoring
    • Increased consolidation
    • Growing use of smartphone spectrophotometer
  • Vendor landscape
    • Competitive landscape
  • Key Vendor Analysis
    • Thermo Fisher Scientific
      • Table Thermo Fisher Scientific: Business segmentation 2016 (% revenue)
    • Agilent Technologies
      • Table Agilent Technologies: Business segmentation 2016 (% revenue)
    • Hitachi High-Technologies
      • Table Hitachi High-Technologies: Business segmentation 2016 (% revenue)
    • PerkinElmer
      • Table PerkinElmer: Business segmentation 2016 (% revenue)
    • Shimadzu
      • Table Shimadzu: Business segmentation 2016 (% revenue)
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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