UV Visible Spectroscopy Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. UV Visible Spectroscopy also abbreviated, as UV-Vis or UV/Vis, is an instrument used to measure the absorbance of ultraviolet or visible light through a liquid sample at a single wavelength or scan over a range in the spectrum. The range in UV region is from 190 to 400 nm and in the visible region from 400 to 800 nm. On the other hand, the technique can be used qualitatively or quantitatively.
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The factors that are playing a major role in the growth of UV Visible Spectroscopy Market are rising need of food analysis, increasing use in environmental testing, technological advancements in instruments, and rising application of the instrument and accessories in pharmaceutical and biotechnology industries. Moreover, rising growth opportunities in the emerging countries and high investments in molecular diagnostics are another factors boosting overall market growth.
UV Visible Spectroscopy Industry is segmented based on instrument type, application, and region. Instrument type such as Handheld Systems, Single-Beam Systems, Array-Based Systems, and Dual-beam Systems classify UV Visible Spectroscopy Market. The single-beam systems segment accounts for the largest market share of UV Visible Spectroscopy Market and is estimated to lead the overall market in the upcoming years. The reason being, exclusively used in quality control, clinical examination, biotechnology, medicine, biochemistry, petrochemicals, and environmental protection as this instrument is simple and economical.
The key players of UV Visible Spectroscopy Market are Buck Scientific, Shimadzu Corporation, Hitachi High Technologies Corp., PerkinElmer Inc., Horiba Ltd., Thermo Fisher Scientific Inc., Hamamatsu Photonics K.K., Agilent Technologies Inc., Hach Company, and Jasco Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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