Global Uv-Vis Spectrophotometer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Uv-Vis Spectrophotometer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ultraviolet spectrophotometer is an effective method to study the composition, structure and interaction of substances based on the absorption spectrum of substances.

The UV spectrophotometer can arbitrarily select light of different wavelengths in the UV-visible region. The absorption spectrum of a substance is the result that the molecules and atoms in the substance absorb the light energy of certain specific wavelengths in the incident light, and the molecular vibrational energy level transition and the electronic energy level transition occur accordingly.

Market Overview:

The latest research study on the global Uv-Vis Spectrophotometer market finds that the global Uv-Vis Spectrophotometer market reached a value of USD 758.35 million in 2022. It’s expected that the market will achieve USD 895.23 million by 2028, exhibiting a CAGR of 2.8% during the forecast period.

Influence of COVID-19 Outbreak on UV-Vis Spectrophotometer Industry Development

Devices in multiple countries/regions around the world. Due to the COVID-19 epidemic, medical practices of all sizes are under tremendous pressure, and a large number of patients visit here every day, and medical institutions all over the world. Biopharmaceutical scientists and engineers work around the clock to develop advanced bio manufacturing businesses that can meet future needs

Pandemics and outbreaks. This has led to large-scale investments by the government and private institutions to build more facilities with advanced technology. Pharmaceutical and biotech companies are the largest end users of the UV/visible spectrum market and have not been affected by the Covid-19 epidemic, while the growth of academic and research institutions has been hindered by restrictions.

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the UV-Vis Spectrophotometer market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the UV-Vis Spectrophotometer market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

Drivers

The application of UV-Vis spectroscopy in the pharmaceutical and biotechnology industries continues to increase to drive market growth

The application of UV-Vis spectroscopy as an analytical technique in drug and biotechnology R&D may grow due to technological advancements in spectroscopy systems that have achieved high-throughput screening, micro-volume sampling, and software integration with instruments. These advancements ensure that a large number of data points can be collected, recorded and shared using these systems, which has proven to be very beneficial to R&D and is a major factor driving the growth of the UV/visible spectrum market.

In addition, UV-Vis spectrometers have been used in food, paint, polymers, plastics, pharmaceuticals, biotechnology, fermentation and other industries. The development of new UV Vis sample display options and instruments helps to provide novel possibilities for fermentation process control and biological process monitoring. Other applications include the measurement of phenolic components during the winemaking process, the analysis of the material concentration required for proper crystallization of biopharmaceuticals, and the quantitative determination of xylose and other sugars during the fermentation process.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are PerkinElmer Inc, Shimadzu Corporation, Eppendorf with the revenue market share of 9.66%, 5.63% and 4.76% in 2020.

PerkinElmer is an American multinational technology company whose main business scope includes life and analytical science, optoelectronic technology and fluid science. PerkinElmer Inc. provides technology. services, and solutions to the diagnostics, research, environmental industrial and laboratory services market. The Company products include equipment used for genetic screening and drug discovery, optoelectronics, analytical instruments, image detection systems, and fluid containment products.

Shimadzu Corporation is a precision tools and equipment maker. The Company develops, manufactures, and sells analytical and measuring instruments, medical systems, and aircraft and industrial equipment. Shimadzu researches, develops, and markets the products through its related companies in Japan, the US, the Europe, and China.

Segmentation Overview:

Among different product types, Dual-Beam segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial Application segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Uv-Vis Spectrophotometer market covered in Chapter 3:

Biochrom
Hach Company (subsidiary of Danaher Corporation)
Merck Millipore
Shimadzu Corporation
Cole-Parmer
Agilent Technologies Inc
Jasco, Inc
Analytik Jena
Buck Scientific
Eppendorf
Thermo Fisher Scientific Inc
Persee
Hitachi High-Technologies Corp
VWR
PerkinElmer Inc
Mettler-Toledo

In Chapter 4 and Chapter 14.2, on the basis of types, the Uv-Vis Spectrophotometer market from 2018 to 2029 is primarily split into:

Single-Beam
Dual-Beam

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Uv-Vis Spectrophotometer market from 2018 to 2029 covers:

Academic Application
Industrial Application

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)