(I-BusinessNews.Com, June 17, 2021 ) The companies in the market are increasingly investing in handheld or portable ultraviolet-visible spectroscopy market, which allows consumers to take informed decisions on the spot, thus saving valuable time. Major companies operating in the ultraviolet-visible spectroscopy sector are focused on developing portable technological solutions for ultraviolet-visible spectroscopy. For instance, in December 2019, Shimadzu, a Japanese analytical instrumentation company, launched six new UV-VIS spectrophotometer models under the UV-i Selection brand, which have improved portability amongst other characteristics. The six UV-i Range models are SolidSpec-3700i, UV-2700i, UV-1900i, UV3600i Plus, SolidSpec-3700i DUV and UV-2600i. UV-i Selection systems are ideal for a number of applications, including, pharmaceuticals, chemicals and academics.
1) By Instrument Type: Single-Beam System, Double-Beam System, Array Based System, Handheld System
2) By Application: Industrial Applications, Physical Chemistry Studies, Life Science Studies, Environmental Studies, Academic Applications, Life Science Research And Development, Quality Assurance And Quality Control
3) By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Agriculture And Food Industries, Environmental Testing Labs
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The global ultraviolet-visible spectroscopy market is expected to grow from $0.95 billion in 2020 to $1.01 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to growing application and use of UV/visible spectroscopy in pharmaceutical & biotechnology environmental screening and other applications. The technological advancements and increasing need for food analysis and quality products is also adding to the growth of the market. The ultraviolet-visible spectroscopy market is expected to reach $1.22 billion in 2025 at a CAGR of 4.8%.
Major Players in the Ultraviolet-Visible Spectroscopy Market:
Ultraviolet-Visible Spectroscopy Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, ultraviolet-visible spectroscopy market segments and geographies, ultraviolet-visible spectroscopy market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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