Multi-Cuvette Spectrophotometer Market Strategic Assessment, Research, Size, Share and Global Expansion by 2027 | Impact of COVID-19
Overview
The multi-cuvette spectrophotometer market
will touch USD 10,579.2 million at 5.07% CAGR between 2019- 2025, states the
recent Market Research Future (MRFR) analysis. Multi-cuvette spectrophotometer
is used to size bacterial growth or diagnose patients resting on the uric acid
present in their urine. It has wide applications in biochemistry, physics,
medical health, forensics, microbiology, and others. This spectrophotometer
plays a pivotal part in life science as it is used to measure some ingredients
that are present in specific drugs to ensure that it is harmless and effective
for consumers.
Various factors are propelling the global Multi-Cuvette
Spectrophotometer Market share. According to the recent MRFR report, such
factors include growing demand in environmental screening, rising adoption in
the pharmaceutical sector, and technological advances & innovations.
On the contrary, the low durability and impact
of the COVID-19 pandemic may limit the global multi-cuvette spectrophotometer
market growth over the forecast period.
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Key Players
The Key Players of the Global Multi-Cuvette
Spectrophotometer Market are Hach Company (US), Hitachi High-Technologies Corp.
(Japan), K Lab Co., Ltd. (South Korea), Giorgio Bormac Ltd (Italy), APEL Co.
Ltd. (Japan), Agilent Technologies, Inc. ( US), Wincom Company Ltd. ( China),
Mettler-Toledo International, Inc. (US), Thermo Fisher Scientific, Inc. (US),
Panomex, Inc. (India), PerkinElmer, Inc. ( US), Konica Minolta, Inc. (Japan),
Cole Parmer Ltd (UK), PCE Holdings GmbH (Germany), Shimadzu Corporation
(Japan), BioNavis Ltd ( Finland), Nicoya Lifesciences, Inc. (Canada), Horiba,
Ltd (Japan), Biosensing Instrument (US), NanoSPR Devices (US), Bruker
Corporation (US), Affinité Instruments (Canada), Creoptix AG (Switzerland),
General Electric Company (US), Reichert, Inc.(US), and Molecular Devices LLC.
(US), among others.
Segmentation
The MRFR report highlights an inclusive
segmental analysis of the global multi-cuvette spectrophotometer market based
on type and application.
By type, the global multi-cuvette
spectrophotometer market is segmented into benchtop and portable.
Based on application, the global multi-cuvette
spectrophotometer market is segmented into forensic science, food and
agriculture, analytical chemistry, molecular diagnostics, and life sciences.
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Multi-Cuvette Spectrophotometer Market - Regional Analysis
By region, the global multi-cuvette
spectrophotometer market report covers the growth opportunities and recent
trends across Europe, North America, the Asia Pacific (APAC), the Middle East
and Africa, and South & Central America. Of these, North America will have
the lions share in the market over the forecast period. In 2018, it was valued
USD 124.36 million and is predicted to grow at a 5.7% CAGR. The increasing
launch of new products is adding to the global multi-cuvette spectrophotometer
market growth in the region. The US and Canada hold the utmost share in the
market for the growing demand by food and beverage industries and
pharmaceuticals.
In the APAC region, the global multi-cuvette
spectrophotometer market is predicted to grow at a fast pace over the forecast
period. It will develop at a 9.99% CAGR by 2025. Japan holds the utmost share
in the market, followed by India. Development of new infrastructure for
supporting the healthcare industry, a large number of research organizations,
and a growing prevalence of acute and chronic diseases like diabetes, cancer,
and HIV are adding to the global multi-cuvette spectrophotometer market growth
in the region.
In Europe, the global multi-cuvette
spectrophotometer market is predicted to have sound growth over the forecast
period. A growing number of clinical trials, and the presence of academic
organizations and research institutions are adding to the global multi-cuvette
spectrophotometer market growth in the region. Germany has the utmost share in
the market.
In the MEA, the global multi-cuvette
spectrophotometer market is predicted to have sound growth over the forecast
period. Growing demand in the quantitative analysis of the soil utilized in
agriculture for balancing phosphorus and nitrogen in fertilizers is adding to
the global multi-cuvette spectrophotometer market growth in the region.
In Central and South America, the global
multi-cuvette spectrophotometer market is predicted to have steady growth over
the forecast period. The growing need to analyze hazardous waste, water, and
soil to control environmental pollution is adding to the global multi-cuvette
spectrophotometer market growth in the region.
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