Market Overview:
The global portable spectrophotometer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable spectrophotometers in medical institutions, scientific research, laboratories, and other applications. Additionally, the growing awareness about the benefits of using portable spectrophotometers is also contributing to the growth of this market.
Product Definition:
A portable spectrophotometer is a device that measures the amount of light that is absorbed or reflected by a given material. This information can be used to determine the concentration of a substance in a sample, or to identify the properties of a material. Portable spectrophotometers are often used in research and development settings, as well as in manufacturing and quality control applications.
Tungsten Lamp:
Tungsten lamp is a type of incandescent lamp containing tungsten filament that produces light by heat generation. Tungsten lamps are used in portable spectrophotometers as they provide accurate results and have stable emission characteristics across the entire wavelength range.
The primary benefit offered by tungsten lamps is their ability to operate at extremely high temperatures (more than 2,700 K).
Hydrogen Lamp:
Hydrogen lamp is used in portable spectrophotometer market to produce light for the measurement of color. It's an important tool in the paint industry as it helps to identify different pigments and observe their characteristics. The hydrogen lamp works on the principle of chemiluminescence where chemical reaction takes place between source material and electrode material which produces light.
Application Insights:
The market is segmented by application into medical institution, scientific research, laboratory, other applications. The other applications include quality control and inspection. The demand for spectrophotometers in the biological detection segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to an increase in government-sponsored programs for the development of diagnostic devices and techniques across the globe.
In terms of revenue, medical application dominated the global portable spectrophotometer market with a share of over 60% in 2017. This high share was attributed to an increase in demand for blood glucose testing devices among patients suffering from diabetes as well as hemophilia A & B patients who require regular blood transfusions or plateletpheresis procedures respectively. Moreover, there has been an increasing number of approvals by regulatory authorities such as FDA (U.S.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and high adoption rate for technologically advanced devices. The region is expected to maintain its dominance over the forecast period due to increasing demand for spectrophotometers from clinical, industrial, and other application segments. Asia Pacific is projected to grow at a lucrative CAGR during the same period owing to rising demand from remote sensing applications particularly in developing countries such as India and China. Moreover, government initiatives encouraging research activities are also expected favorably impact regional growth over the next eight years.
Growth Factors:
- Increasing demand for portable spectrophotometers in the pharmaceutical and biotechnology industries for drug discovery and development.
- Growing demand from academic research institutes for use in optical spectroscopy, Raman spectroscopy, and fluorescence microscopy applications.
- Increasing use of portable spectrophotometers in food safety testing to detect adulteration and contamination of food products.
- Rising demand from forensic laboratories for use in chemical analysis of evidence samples collected from crime scenes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Spectrophotometer Market Research Report
By Type
Tungsten Lamp, Hydrogen Lamp
By Application
Medical Institution, Scientific Research, Laboratory, Biological Detection, Other
By Companies
Thermo Fisher, Hitachi, Hach, PerkinElmer, WTW, Shimadzu, Bibby Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Portable Spectrophotometer Market Report Segments:
The global Portable Spectrophotometer market is segmented on the basis of:
Types
Tungsten Lamp, Hydrogen Lamp
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Institution, Scientific Research, Laboratory, Biological Detection, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher
- Hitachi
- Hach
- PerkinElmer
- WTW
- Shimadzu
- Bibby Scientific
Highlights of The Portable Spectrophotometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tungsten Lamp
- Hydrogen Lamp
- By Application:
- Medical Institution
- Scientific Research
- Laboratory
- Biological Detection
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Spectrophotometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A portable spectrophotometer is a device used to measure the light intensity of an object. It can be handheld or mounted on a tripod.
Some of the major companies in the portable spectrophotometer market are Thermo Fisher, Hitachi, Hach, PerkinElmer, WTW, Shimadzu, Bibby Scientific.
The portable spectrophotometer market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Spectrophotometer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Spectrophotometer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Spectrophotometer Market - Supply Chain
4.5. Global Portable Spectrophotometer Market Forecast
4.5.1. Portable Spectrophotometer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Spectrophotometer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Spectrophotometer Market Absolute $ Opportunity
5. Global Portable Spectrophotometer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Portable Spectrophotometer Market Size and Volume Forecast by Type
5.3.1. Tungsten Lamp
5.3.2. Hydrogen Lamp
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Spectrophotometer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Portable Spectrophotometer Market Size and Volume Forecast by Application
6.3.1. Medical Institution
6.3.2. Scientific Research
6.3.3. Laboratory
6.3.4. Biological Detection
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Spectrophotometer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Portable Spectrophotometer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Portable Spectrophotometer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Portable Spectrophotometer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Portable Spectrophotometer Demand Share Forecast, 2019-2026
9. North America Portable Spectrophotometer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Portable Spectrophotometer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Portable Spectrophotometer Market Size and Volume Forecast by Application
9.4.1. Medical Institution
9.4.2. Scientific Research
9.4.3. Laboratory
9.4.4. Biological Detection
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Spectrophotometer Market Size and Volume Forecast by Type
9.7.1. Tungsten Lamp
9.7.2. Hydrogen Lamp
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Portable Spectrophotometer Demand Share Forecast, 2019-2026
10. Latin America Portable Spectrophotometer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Portable Spectrophotometer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Portable Spectrophotometer Market Size and Volume Forecast by Application
10.4.1. Medical Institution
10.4.2. Scientific Research
10.4.3. Laboratory
10.4.4. Biological Detection
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Spectrophotometer Market Size and Volume Forecast by Type
10.7.1. Tungsten Lamp
10.7.2. Hydrogen Lamp
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Portable Spectrophotometer Demand Share Forecast, 2019-2026
11. Europe Portable Spectrophotometer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Portable Spectrophotometer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Portable Spectrophotometer Market Size and Volume Forecast by Application
11.4.1. Medical Institution
11.4.2. Scientific Research
11.4.3. Laboratory
11.4.4. Biological Detection
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Spectrophotometer Market Size and Volume Forecast by Type
11.7.1. Tungsten Lamp
11.7.2. Hydrogen Lamp
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Portable Spectrophotometer Demand Share, 2019-2026
12. Asia Pacific Portable Spectrophotometer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Portable Spectrophotometer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Portable Spectrophotometer Market Size and Volume Forecast by Application
12.4.1. Medical Institution
12.4.2. Scientific Research
12.4.3. Laboratory
12.4.4. Biological Detection
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Spectrophotometer Market Size and Volume Forecast by Type
12.7.1. Tungsten Lamp
12.7.2. Hydrogen Lamp
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Portable Spectrophotometer Demand Share, 2019-2026
13. Middle East & Africa Portable Spectrophotometer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Portable Spectrophotometer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Portable Spectrophotometer Market Size and Volume Forecast by Application
13.4.1. Medical Institution
13.4.2. Scientific Research
13.4.3. Laboratory
13.4.4. Biological Detection
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Spectrophotometer Market Size and Volume Forecast by Type
13.7.1. Tungsten Lamp
13.7.2. Hydrogen Lamp
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Portable Spectrophotometer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Spectrophotometer Market: Market Share Analysis
14.2. Portable Spectrophotometer Distributors and Customers
14.3. Portable Spectrophotometer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hach
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PerkinElmer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. WTW
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shimadzu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bibby Scientific
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
