Global Spectrophotometer Market Trends, Challenges & Drivers 2017-2021 - Market to Grow at a CAGR of 11.97%

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12 Jan, 2018, 15:30 GMT

DUBLIN, Jan. 12, 2018 /PRNewswire/ --

The "Global Spectrophotometer Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

The global spectrophotometer market to grow at a CAGR of 11.97% during the period 2017-2021.

Global Spectrophotometer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is increasing use in cell culture. Cell culture refers to the cell removal from a plant or animals and their subsequent growth in a supportive artificial environment. The cells can be removed from the tissue directly and separated by mechanical or enzymatic methods before cultivation. They can also be derived from a cell strain or a cell line that is already been established. Factors such as the increasing incidence of chronic diseases, funding for cell-based research, growing regulatory approvals for vaccines based on cell culture, and technological enhancements in cell culture products will drive the cell culture market growth during the forecast period.

One trend in the market is increased consolidation. There has been a major change in the market landscape due to a series of M&A in the global spectrophotometer market. Vendors are adopting M&A to acquire technological expertise, enhance product portfolio, and expand their geographical presence. This has allowed the vendors to reduce their manufacturing cost and increase their production capacity, thereby allowing them to achieve economies of the scale.

Further, the report states that one challenge in the market is raw material procurement challenges. As per the US Securities and Exchange Commission (SEC) regulations, it is mandatory for public companies to disclose a list of minerals known as conflict minerals, which are used for manufacturing spectrophotometers. The disclosure document about the supply chain of procuring minerals from the mines of the Democratic Republic of Congo is one step to stop illegal procurement of minerals from the Democratic Republic of Congo (DRC). The list of these conflict minerals includes tantalum, tin, tungsten, and gold (3TG).

Market trends

  • Increasing investments and adoption of spectrophotometer in environmental monitoring
  • Increased consolidation
  • Growing use of smartphone spectrophotometer

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Key vendors

  • Thermo Fisher Scientific
  • Agilent Technologies
  • Hitachi High-Technologies
  • PerkinElmer
  • Shimadzu

Other prominent vendors

  • Analytik Jena
  • Beckman Coulter
  • Biochrom Xylem
  • Bio-Rad Laboratories
  • Bruker
  • Cole-Parmer
  • Hach
  • Hunter Associates Laboratory
  • INESA INSTRUMENT
  • JASCO
  • METTLER TOLEDO
  • PG Instruments
  • VWR
  • X-Rite
  • Xylem

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Regional Landscape

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/dcsxh7/global?w=5

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