Spectrometry Market
Spectrometry Market Analysis by Atomic, Molecular, and Mass Technology for Pharmaceuticals, Biotechnology, Industrial Chemistry, Environmental Testing, and F&B Testing from 2023 to 2033
Analysis of Spectrometry Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Spectrometry Market Outlook (2023 to 2033)
The global spectrometry market size accounts for a valuation of US$ 18.75 billion in 2023 and is forecasted to climb to US$ 37.55 billion by the end of 2033. As per this detailed Fact.MR research analysis, worldwide demand for spectrometry is predicted to rise at 7.1% CAGR over the next ten years.
Spectrometry is a technique for determining compounds and elements that involves detecting the radiations released by an object or substance within a particular electromagnetic spectrum when the object is excited by another source externally. Spectrometry technology plays a vital role in proteomic analysis and other applications in several industry verticals.
Growing investments in R&D activities, advancements in spectrometry technologies and techniques, expanding scope of application, and stringent mandates to regulate food safety are some influential factors that could change the trajectory of spectrometry market growth in terms of revenue share as well as volume share across the forecast period.
The race to stay relevant in the rapidly advancing spectrometry landscape is becoming fiercer and spectrometry providers are adopting different strategies to support their business growth. Spectrometry companies are focusing on mergers, collaborations, and acquisitions to diversify their product portfolio and boost revenue generation capacity.
- In January 2023, Bruker Corporation, a renowned American manufacturer of scientific instruments, announced the acquisition of ACQUIFER Imaging GmbH. Through this acquisition, Bruker added secure storage, network technology, and on-site processing for its fluorescence microscopy products as it acquired all this from ACQUIFER, which specializes in data management solutions for high-content microscopy.
Demand for Ion mobility spectrometry is predicted to increase due to rising demand for medication composition and bimolecular analysis from the life sciences and biotechnology sectors over the forecast period. Mass spectrometry devices are also anticipated to witness a boom in sales over the coming years as the scope of application of mass spectrometry widens.
On the contrary, lack of safety and quality control standards for lab equipment and the high costs of spectroscopy systems and services are anticipated to be major constraints for market development throughout the forecast and beyond. The dearth of skilled professionals to operate advanced spectroscopy devices is another aspect that could hurt spectroscopy demand through 2033.
| Report Attributes | Details |
|---|---|
| Spectrometry Market Size (2023) | US$ 18.75 Billion |
| Projected Market Value (2033F) | US$ 37.55 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.1% CAGR |
| Leading Technology | Mass Spectrometry |
| North America Market Share (2023) | 45% |
| Key Companies Profiled | Thermo Fisher Scientific; Bruker; Shimadzu; Waters Corporation; Agilent Technologies; PerkinElmer; AB Sciex |
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Can Start-ups Forge a New Legacy in the Spectrometry Realm?
“Innovation Allowing New Spectrometry Companies to Break Barriers”
New spectrometry companies are focusing on expanding their business by investing in the R&D of products that allow the use of spectrometry in different applications across several industry verticals. Capital raise and innovation are slated to top the agenda charts of upcoming spectrometry product manufacturers and distributors in the future.
- In July 2022, Shanghai Biotree Biomedical Technology Co. Ltd., a company founded in 2012 and focusing on the application of mass spectrometry, revealed that it had raised US$ 14.79 million in its Series A financing round. The company had plans to use these funds to expand its research base and production of detection reagents.
- In August 2020, MOBILion Systems, a start-up based in the United States, announced that it had raised US$ 35 million in a new venture capital funding round. The company focuses on improving the accuracy of mass spectrometry to detect more molecules and identify new biomarkers. The newly raised capital was intended to be used to build and expand the company’s commercial team ahead of its first product launch which came later.
- Nautilus, a biotechnology start-up founded in 2016 and based in Seattle, United States, is working on bringing new mass spectrometers to the healthcare industry to improve deep analysis of all the proteins circulating in the human body.
Start-ups can benefit by learning more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments that have been discussed extensively in this spectrometry industry study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
Why Should Spectrometry Companies Focus on Investing in Asian Countries?
“Surging Use of Spectrometry in Different Applications in the Region”
Increasing urbanization in Asian countries has led to a surging demand for advanced technologies in different industry verticals, which is projected to influentially augment demand for spectrometry over the coming years. China, India, and Japan are estimated to be the most opportune markets in the Asia Pacific region throughout the forecast period owing to rising R&D activities and supportive government initiatives.
Growing focus on health and fitness coupled with a surging senescent population in the aforementioned countries has led to sizable investments in healthcare infrastructure development, which is predicted to bolster demand for mass spectrometry as well as other scientific services going forward. Pharmaceuticals, agriculture, and food & beverages are anticipated to be key industry sectors to watch out for in the majority of Asian countries.
What’s Attracting Spectrometry Providers to the United States?
“Rapidly Increasing Investments in Medical R&D”
Spending on healthcare research and development in the United States has been increasing rapidly in recent years and is projected to follow a similar trend throughout the forecast period. The presence of renowned research institutes and the high availability of government funding to support R&D activities are also projected to bolster demand for spectroscopy equipment and other scientific equipment required for research going forward.
Growing focus on food safety, high demand for drug development, and rising scope of application of spectrometry in verticals such as forensics, petroleum, life sciences, metabolomics, etc. are other prospects that could create new opportunities for mass spectrometry device providers in the country over the next ten years. Moreover, the presence of key spectrometry companies in the United States is also slated to uplift market growth scope in the long run.
How Will Spectrometry Device Sales Fare in Europe?
“Sustainability and Green Initiatives to Spearhead Demand for Spectrometry”
Extensive deployment of spectrometry systems in Europe is projected to be seen for environmental testing applications owing to the high focus on environment conservation of governments in this region. Growing awareness regarding climate change and an increasing number of green projects utilizing environmental testing and monitoring systems are also projected to uplift the demand for field spectrometers and lab spectrometers alike in the future.
Surging prevalence of chronic disorders and rising healthcare expenditure could also boost the demand for portable mass spectrometers, gamma ray spectrometers, portable spectrometers, etc. through 2033. The United Kingdom, Germany, France, and Italy are estimated to emerge as moneymaking markets in the European region over the next ten years.
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Category-wise Insights
Which Spectrometry Technology Accounts for Higher Revenue Generation?
“Mass Spectrometry Technology Gaining Traction Owing to Rapid Delivery of Test Results”
The global spectrometry market based on technology is segmented into mass, molecular, and atomic.
In analytical laboratories, mass spectrometry is a common technique that helps in the investigation of biological and chemical aspects of molecules. Single mass spectrometers are largely used in the life science field to characterize and sequence proteins. It recognizes diagnostic biomarkers for treatment and finds and quantifies critical proteins implicated in disease and altered phenotypes.
The quick distribution of high-resolution test findings has been made possible thanks to innovations in the mass spectroscopy method. Mass spectrometry technology has improved as a result of the demands of life sciences applications.
MALDI-ToF mass spectrometry is a clinical diagnostic platform that uses a cutting-edge approach to protein pattern recognition to diagnose illnesses. As a result, the market is likely to increase over the forecast period, owing to rising technological improvements.
Which Application is Expected to Emerge as Key Market Contributor?
“Rapid Deployment of Spectrometry Technology in Pharmaceuticals to Quantify Drugs for Novel Application”
Pharmaceutical application is expected to dominate the global spectrometry market over the forecast period. This is because spectrometry is being used more frequently in medication safety. Spectrometry also lowers the expenses of drug testing and drug discovery operations.
A sequence of methods for determining, identifying, purifying, and quantifying a drug, determining the structure of chemical compounds, or separating the components of a solution or combination make up pharmaceutical analysis.
Spectrometry technology is utilized for pharmacokinetic and pharmacodynamic analysis in the pharmaceutical industry to quantify medicines for new applications. Some of the primary drivers of the global mass spectrometry market in recent years have been rising government funding in life science research and increased R&D spending in the pharmaceutical industry.
Competitive Landscape
Top-tier spectrometry service and product providers are focusing on hastening the launch of novel products to improve their business and revenue generation potential.
- In June 2022, Bruker Corporation, a United States-based manufacturer of scientific instruments, announced the launch of its new spectrometer systems. The new XFlash 7 detector series was launched for Bruker’s QUANTAXTM energy dispersive X-ray spectrometer (EDS) systems designed for academic and industrial research purposes.
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Key Segments of Spectrometry Industry Research
-
By Treatment :
- Atomic
- Molecular
- Mass
-
By Application :
- Pharmaceuticals
- Biotechnology
- Industrial Chemistry
- Environmental Testing
- Food & Beverage Testing
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 7. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market - Pricing Analysis
- 9. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Technology Type
- 10.1. Atomic Spectrometry
- 10.2. Molecular Spectrometry
- 10.3. Mass Spectrometry
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 11.1. Pharmaceuticals
- 11.2. Biotechnology
- 11.3. Industrial Chemistry
- 11.4. Environmental Testing
- 11.5. Food & Beverage Testing
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia
- 12.6. Oceania
- 12.7. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Thermo Fisher Scientific
- 22.2. Bruker
- 22.3. Shimadzu
- 22.4. Waters Corporation
- 22.5. Agilent Technologies
- 22.6. PerkinElmer
- 22.7. AB Sciex
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Technology Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Technology, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Technology, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Technology Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Technology Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Technology Type, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Technology Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Technology Type, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Technology Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Technology Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Technology Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Technology Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Technology Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: U. S. Market Value Share, By Technology Type, 2023 (E)
Figure 75: U. S. Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Technology Type, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Technology Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Technology Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: U. K. Market Value Share, By Technology Type, 2023 (E)
Figure 87: U. K. Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Technology Type, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Technology Type, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Technology Type, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Technology Type, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Technology Type, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Technology Type, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Technology Type, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Technology Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Technology Type, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Technology Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Technology Type, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Technology Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Technology Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Technology Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Technology Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the spectrometry market in 2023?
The global spectrometry market is valued at US$ 18.75 billion in 2023.
What is the projected spectrometry market size for 2033?
Demand for spectrometry is projected to reach a market value of US$ 37.55 billion by 2033-end.
At what CAGR is the global market projected to expand?
The market for spectrometry is predicted to rise at 7.1% CAGR from 2023 to 2033.
Which spectrometry technology accounts for a dominant market share?
Mass spectrometry is estimated to account for a prominent share of the global market through 2033.
Which companies are detailed in this Fact.MR market survey?
Bruker, Shimadzu, Waters Corporation, Agilent Technologies, and PerkinElmer are prime companies profiled in this research.
Spectrometry Market