Global Spectrometry Market Driven by Innovation and Product Enhancement

The global spectrometry market was valued at US$12,212.9 million in 2013 and is expected to be valued at US$19,608.7 million by 2020. Improvement in spectrometry technology and relevant products has led the global spectrometry market to grow spectacularly. The market is expected to grow at a 7.2% CAGR in the period between 2014 and 2020. 

Emergence of New Spectrometry Techniques Aiding Global Spectrometry Market

Over the past few years, key players in the global spectrometry market have introduced many new advancements in spectrometry techniques. Spectrometry techniques, over the last decade, have been resilient in providing an informative tool to scientists to fulfill the needs of various applications in differing industries. Multinational companies from across the globe have accounted for the majority of the global spectrometry market. Some of the leading players in the global spectrometry market are Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, AB Sciex, Perkin Elmer Inc., Bruker Corporation, and Shimadzu Corporation.  

Browse Market Research Report of Spectrometry Market:

Recently, the National Physical Laboratory (NPL) in the U.S. revealed the hidden usability and meaning of mass spectrometry images. The National Physical Laboratory (NPL) worked with 20 different laboratories from different locations across the globe to study and resolve the issues in time-of-flight secondary ion mass spectrometry (ToF- SIMS). According to the study, a new algorithm has now been developed to resolve the issues and enable the formation of better images. Gas cluster ion beams (GCIB) have also deeply advanced the study of biological and organic materials such as organic light emitting diodes, polymer blends, and optical devices. With the help of surface analytical technologies such as time-of-flight secondary ion mass spectrometry (ToF- SIMS) and gas cluster ion beams (GCIB), it will be easy to obtain 3D reconstructions and profiles of the samples. 

At the National Physical Laboratory, samples were produced and disseminated to all 20 participating laboratories for further study by using the techniques such as X-ray photoelectron spectrometry (XPS), and time-of-flight secondary ion mass spectrometry (ToF- SIMS). These two techniques were used for mere comparison. The comparison proved that with the help of X-ray photoelectron spectrometry (XPS), most of the participants were able to understand the technique to overcome the listed issues and matrix effects. 

Earlier this year, the National Physical Laboratory had published a report in the International Journal of Mass Spectrometry. This was considered to be the first major study investigating the matrix effects in organic secondary ion mass spectrometry. 

Browse Market Research Press Release of Spectrometry Market:

North America Ruling Global Spectrometry Market 

The global spectrometry market is segmented on the basis of geography, application, and technologies. By geography, the global spectrometry market is divided into Asia Pacific, Europe, North America, and Rest of the World. The North America spectrometry market is expected to lead the global market during the forecast period. In terms of advancements in technology, the Europe spectrometry market has reached a saturation stage. However, with a wider range of applications such as aeronautics, space, and defense, the spectrometry market in Europe will continue to contribute during the forecast period. 

By technology, the global spectrometry market is divided into atomic spectrometry, molecular spectrometry, and mass spectrometry. The nuclear magnetic resonance segment of the molecular spectrometry sector is forecast to lead the global market, as it is expected to be valued at US$1.7 billion by 2020. With an 18.4% CAGR, the biotechnology market is expected to lead the global spectrometry market by application by 2020.


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