LONDON--(EON: Enhanced Online News)--Technavio has announced the top eight leading vendors in their recent global spectroscopy market report until 2021. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
“The global spectroscopy market is projected to grow to close to USD 39 billion by 2021, at a CAGR of nearly 7% over the forecast period. The increased focus on drug development in the healthcare industry is one of the key driving factors of the market”
The research study by Technavio on the global spectroscopy market for 2017-2021 provides detailed industry analysis based on application (life sciences, pharmaceutical, industrial, and environmental), technology (mass spectroscopy, atomic spectroscopy, and molecular spectroscopy), and geography (North America, APAC, Europe, and ROW).
“The global spectroscopy market is projected to grow to close to USD 39 billion by 2021, at a CAGR of nearly 7% over the forecast period. The increased focus on drug development in the healthcare industry is one of the key driving factors of the market,” says Navin Rajendra, a lead analyst at Technavio for embedded systems research.
Competitive vendor landscape
The global spectroscopy market is characterized by intense competition, advances in technology, and variations in consumer preferences. To sustain their position in the market, vendors are distinguishing their products and services through unique value propositions. Vendors in the market compete based on the volume, quality in innovation and technology, customer and aftersales service, and mergers and acquisitions. The major vendors are Danaher, Thermo Fisher Scientific, Agilent Technologies, PerkinElmer, Bruker, Shimadzu Corporation, Hitachi High-Technologies Corporation, and Joel.
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Top eight vendors in the global spectroscopy market
Agilent Technologies offers analytical instruments, software, and laboratory services. It caters to the life sciences, diagnostics, and applied chemicals markets.
Bruker is a manufacturer of scientific instruments that are used to analyze the molecular and atomic structures of the samples. It is the leading analytical instrumentation company that relies on the development of technologies and innovative solutions.
Danaher is a global science and technology innovation firm that operates in the field of life sciences, diagnostics, dental, and environmental, and applied solutions. The firm manufactures only mass spectrometers as part of its business units, namely Environmental, Life Sciences & Diagnostics, Industrial Technologies, and Dental.
Hitachi High-Technologies Corporation
Hitachi High-Technologies Corporation is a manufacturer of equipment for automotive systems. The company provides spectrometers as part of its following business segments: Science & Medical Systems, Industrial Systems, and Advanced Industrial Products.
Jeol is a leading electron microscope manufacturer. The firm provides spectrometers for different scientific, industrial, and medical applications. The firm is one of the top ten analytical laboratory instrument manufacturers in the world.
PerkinElmer is a multinational company focused on the business areas of human and environmental health, which includes food and consumer products, medical imaging, drug discovery, diagnostics, and biotechnology.
Shimadzu Corporation manufactures precision instruments and medical equipment. It aims to provide safe and healthy lifestyle by offering high-quality solutions. It expanded its business to include analytical and measuring instrument, medical system, aircraft, and device businesses.
Thermo Fisher Scientific
Thermo Fisher Scientific is a biotechnology product development company. The firm is one of the leading companies in precision equipment and genetic testing. The firm offers analytical instruments, reagents and consumables, equipment, software, and services for manufacturing, research, analysis, discovery, and diagnostics throughout the world.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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