Spectrometry Market Analysis - Has A Forecast Period That Runs From 2014 To 2020
Spectrometry is a method of categorizing elements and compounds by calculating the amount of radiant energy emitted through a substance within a specified spectrum. The spectrometry market is likely to witness significant growth. This is on account of technological improvements and rising scope for innovative applications. Spectrometry has an important part in life sciences and analytical sector.
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Increasing demand for bimolecular analysis and drug composition from the sector of life science is likely to propel the spectrometry market over the coming years. Additionally, increasing environmental concerns and desire to find new metals and materials are anticipated to drive the market. However, unfavorable economic conditions and political instabilities are projected to hamper the spectrometry market over the forecast period.
The spectrometry market can be fragmented into technologies, applications and geographies. The market, on the basis of technologies, can be fragmented into atomic spectrometry, mass spectrometry and molecular spectrometry. Atomic spectrometry can be divided further into X-ray diffraction, X-ray fluorescence and atomic absorption spectrometry.
Mass spectrometry includes LC/MS (single quadrupole liquid chromatography/ mass spectrometry), GC-MS (gas chromatography-mass spectrometry), ion mobility mass spectrometry and ion trap mass spectrometry. Molecular spectrometry is subdivided into infrared spectrometry, UV spectrometry, near-infrared spectrometry, raman spectrometry and NMR (nuclear magnetic resonance) spectrometry.
The spectrometry market, on the basis of applications, can be segmented into biotechnology, pharmaceuticals, food and beverage testing, industrial chemistry and environmental testing. Geographically, the spectrometry market can be segregated into four key regions, North America, Europe, Asia Pacific and rest of the world (ROW). Rapid expansion in developing economies, such as South Africa and Brazil is expected to steer the market demand.
Spectrometry Market Analysis
Information Source: Radiant Insights
Posted on Apr 16, 2015 | Category Healthcare