In-line UV-Vis spectroscopy Market Overview 2030

In-line ultraviolet-visible spectrophotometry, refers to the absorption spectroscopy technique, which measures the absorption of ultraviolet radiation due to the interaction with the sample. The ultraviolet visible spectrum uses light in the visible spectrum. Ultraviolet visible spectroscopy is widely used in analytical chemistry to determine the presence of specific substances in a sample or to quantify the amount of substances present in a sample. UV-visible spectroscopy is routinely used in analytical chemistry for quantitative analysis. Moreover, UV-visible spectroscopy can be used in food industry fore detection food components and can be used in drug discovery & drug development procedures.

Market Scope and Structure Analysis

COVID-19 Impact Analysis             

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID-19 is expected to have a significant impact on the in-line UV-vis spectroscopy market.

Top Impacting Factors

• Surge in drug discovery & drug development activities, rise in analysis of food products, increase in detection procedures of unknown chemical compounds, rise in demand of spectroscopy in laboratories, and surge in number of clinical diagnostic procedures are the key factors that drive the growth of market.
• In addition, rise in adoption of technologically advance and accurate spectroscopy medical devices, increase in demand for personalized medication, surge in usage of rare diseases treatment procedures, increase in R & D activities to improve quality of spectroscopy devices, launch of approved & modern spectroscopy devices, and continuous strategic development by key market players are some factors that fuel the growth of market.
•  However, high cost associated with installation & maintenance of spectrophotometers restrain the growth of market.
• Contrarily, increase in government initiatives in drug discovery & drug developments and rise in applications of spectroscopy in bimolecular analysis are expected to offer lucrative opportunities for the expansion of the market.

Market Trends

New Product Launches to Flourish the Market

In 2021, CRAIC Technologies announced launch of new UV- visible spectrophotometer. This spectrophotometer is modern spectrophotometer with microspectroscopy with high sensitive detectors. This product is used in detection of UV wavelength and based on split-beam technology.

In 2019, Systronics announced launch of AU 2702 model in India. This spectrophotometer have double beam UV touch screen and 21 CFE compliences. This product can be used to measure specific content in sample according to their wavelength.

In 2019, Shimadzu Corporation announced launch of six new models of UV-VIS spectrophotometer with new UV-i Selection brand. UV-1900i, UV-2600i, UV-2700i, UV-3600i Plus, SolidSpec-3700i, and Solidspec-3700i DUV. This devices can be used in analysis of food products, chemical compounds, and others.

Key Segments

Key Benefits of the Report

• This study presents the analytical depiction of in-line UV-vis spectroscopy market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the in-line UV-vis spectroscopy market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the in-line UV-vis spectroscopy market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the In-line UV-Vis Spectroscopy Market Report  

• Which are the leading players active in the in-line UV-vis spectroscopy market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?
• What is "in-line UV-vis spectroscopy"?
• What is "in-line UV-vis spectroscopy" market prediction in the future?
• Who are the leading global players in the "in-line UV-vis spectroscopy" market?
• What are the current trends and predicted trends?
• What are the key benefits of the "in-line UV-vis spectroscopy" market report?