Ultraviolet Visible Spectroscopy Market

The global UV/Visible spectroscopy market is estimated to reach USD 1.7 billion by 2029 from USD 1.3 billion in 2024, at a CAGR of 4.9% during the forecast period.

The UV/Visible spectroscopy market growth can be attributed to rising use of UV/Visible spectrophotometers in environmental monitoring due to strict regulations, increased adoption of UV/Visible spectrophotometers in pharmaceutical and bioprocess quality and control procedures, and adoption of UV/Visible spectroscopy as a quality assurance technique in food and beverage analysis. Factors like long and time-consuming sample preparation workflows, periodic software subscriptions, and higher error rates due to inexperienced operators can reduce the growth of the market.

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The competitive landscape for the UV/Visible spectroscopy market is composed of some strong multinational players that acquire a major share of the market, while at the same time, some of the SME's and regional players holds a measurable position in the market. Major players that operate in the UV/Visible spectroscopy market are Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), PerkinElmer (US), Thermo Fisher Scientific (US), Veralto Corporation (US), Jasco (Japan), Mettler Toledo (US), Hitachi High–Tech Corporation (Japan), Oxford Instruments plc (UK), Bruker Corporation (US), Hamamatsu Photonics K.K. (Japan), Harvard Bioscience, Inc. (US) and  Xylem, Inc (US)

Agilent Technologies, Inc. (US):

Agilent is a global provider of solutions for the diagnostics, life sciences, and chemical sectors. Agilent Technologies divides its business into three segments: Life Sciences & Applied Markets, Diagnostics & Genomics, and Agilent Cross Lab. The Life Sciences and Applied Markets segment provides spectroscopy equipment such as microwave plasma-atomic emission spectrometers (MP-AES), ICP-OES, fluorescence spectrophotometers, UV-VIS spectrophotometers, and FT-IR spectrophotometers.

Thermo Fisher Scientific (US):

Thermo Fisher Scientific Inc., produces, develops, markets, and distributes analytical instruments, equipment, consumables and reagents, software, and services. Company has a significant market presence in more than 80 countries, making it one of the top players in the life sciences sector. The company operates in four segments: Laboratory Products & Services, Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics. The Analytical Instruments segment provides a range of spectrophotometers along with UV/Visible spectrophotometers that come with related software and accessories.

The company has served more than 400,000 clients across pharmaceutical and biotechnology industries, hospitals, clinical diagnostic labs, academic institutions, government agencies, and environment & process control units.

Shimadzu Corporation (US):

Shimadzu Corporation manufactures and distributes scientific instruments and medical equipment. Shimadzu Corporation has a global presence with a division in the US called Shimadzu Scientific Instruments. Shimadzu Corporation manufactures high-precision tools for R&D and quality control. The company operates in diversified business segments such as medical systems, analytical and measuring instruments, industrial machinery, aircraft equipment, etc.

The analytical & measuring instruments segment offers UV/Visible spectroscopy solutions. Company gives importance to innovation and has a track record of leading scientific achievements in the industry. Shimadzu's global reach extends beyond its headquarters in Kyoto, Japan. They have offices across North America, South America, Europe, Asia, and Oceania. In addition to direct offices, they use a network distributor to reach other parts of the world, including the Americas, Europe, the Asia Pacific, the Middle East and Africa.

Related Reports:

Ultraviolet Visible Spectroscopy Market by Offering (Instrument (Array, Single & Dual Beam), Software), Application (Environment. Air, Water, Soil), End User (Industry (F&B, Pharma, Biotech, Cosmetics. Chemicals), Labs) - Global Forecast to 2029

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