Multi-Cuvette Spectrophotometer Market Research Report - Global Forecast till 2027

Global Multi-Cuvette Spectrophotometer Market Research Report: by Type (Portable and Benchtop), by Application (Life Sciences, Molecular Diagnostics, Analytical Chemistry, Food & Agriculture and Forensic Science), by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Central & South America) - Forecast till 2027

ID: MRFR/SEM/8109-CR | April 2020 | Region: Global | 146 pages

Please note that the assessment period of report has been updated from 2017-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Snapshot


Global Multi-Cuvette Spectrophotometer Market is expected to record a CAGR of 5.07%, witnessing substantial growth during the forecast period. The market was valued at USD 7,677.7 Million in 2019; it is expected to reach USD 10,579.2 Million by 2025.


Spectrophotometers are used in, forensics, microbiology, medical health, biochemistry, physics, and other applications. These instruments are used for the measurement of bacterial growth, or during the diagnosis of patients depending upon the amount of uric acid present in the patient’s urine. These instruments play a vital role in life science as they are used for measuring some ingredients which are present within certain drugs to make sure that they are effective and safe for consumers. Various factors are driving the growth of the multi-cuvette spectrophotometer market across the globe which include the rise in the demand for spectrophotometers from the environmental screening vertical and their rising adoption in the pharmaceutical and other industries.


North America accounted for the largest market value of USD 124.36 million in 2019; the market is expected to register a CAGR of 5.71% during the forecast period. The Asia-Pacific is expected to be the fastest-growing market, registering a CAGR of 9.99% during the forecast period.


Global Multi-Cuvette Spectrophotometer Market, By Type (2018 Vs 2025) Multi-Cuvette Spectrophotometer Market


Source: MRFR Analysis


Based on Type, the market has been segmented into portable and benchtop. The benchtop segment accounted for the largest market share of USD 272.85 million in 2018. The portable segment is expected to be the fastest-growing market registering a CAGR of 11.07% during the forecast period. Portable spectrophotometers are durable, ergonomic, handheld devices that provide one-hand, one-touch operation for sample measurements. These devices are being increasingly used in the fields of environmental testing and academic studies. Benchtop spectrophotometers are high-precision and high-reliability instruments that are used to measure reflectance and transmittance of transparent or translucent solids and liquids. Benchtop spectrophotometers are widely used in pharmaceutical, biochemistry, quality control, and research applications, and in clinical laboratories for performing quantitative analysis, kinetics, scanning, multiple wavelength analysis, and DNA/protein analysis.


The growing demand for spectrophotometers in environmental screening and the adoption of spectrophotometers in the pharmaceutical industry are factors that are expected to drive the growth of the multi-cuvette spectrophotometer market during the forecast period. However, the low durability of cuvettes is expected to hinder the market growth during the forecast period.


Regional Analysis


The Global Multi-Cuvette Spectrophotometer Market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. North America accounted for the largest market value of USD 124.36 million in 2019; the market is expected to register a CAGR of 5.71% during the forecast period. The Asia-Pacific is expected to be the fastest-growing market, registering a CAGR of 9.99% during the forecast period.


Companies Covered


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.


Key Developments



  • In October 2017, Molecular Devices introduced the SpectraMax iD5 Multi-Mode Microplate Reader—a five-mode microplate reader with automatic filter identification and western blot capability and is a complete laboratory solution. It helps scientists increase their research capabilities and comes with built-in absorbance, fluorescence, and luminescence reading modes.



  • In June 2018, GE Healthcare introduced the Biacore 8K+, an eight-needle-sensitivity surface plasma resonance (SPR) system that can automate more than 4,500 drug candidates. This Biacore instrument generates high-quality data from interaction experiments.



  • In February 2020, Creoptix AG partnered with MBC Biolabs, a life sciences incubator company to supply Wave SPR instruments for their San Carlos location to help scientists in enhancing their analytical datasets.



  • In September 2018, Biosensing Instrument made several developments to its products—the SPRM 200 and BI-4500 series, such as full automation workflow, in-line degassing system, and buffer exchange to increase the quality of data for sample testing.



  • In January 2020, Nicoya Lifesciences launched the Alto, a digital benchtop SPR instrument to enhance the process of drug discovery for healthcare professionals. The device is integrated with digital microfluidics (DMF), artificial intelligence (AI), and nanotechnology to provide high-quality, and label-free interaction analysis.


Segmentation



  • By Type: Portable and Benchtop.

  • By Application: Life Sciences, Molecular Diagnostics, Analytical Chemistry, Food & Agriculture, and Forensic Science.

  • By Region: North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America.


Key Questions Addressed by the Report



  • What was the historic market size (2017)?

  • Which segmentation (Type/Application) is driving the market?

  • What will be the growth rate by 2025?

  • Who are the key players in this market?

  • What are the strategies adopted by the key players?



Frequently Asked Questions (FAQ) :


Multi-Cuvette Spectrophotometer market can expect to procure a CAGR of 5.07% during the evaluation period.

The market worth by 2025 is expected to be USD 10,579.2.

The size of the North American market can expand at a rate of 5.71% in the coming years.

The benchtop type of multi-cuvette spectrophotometer is expected to gather higher momentum in the market.

Benchtop spectrophotometers find extensive use in biochemistry, pharmaceutical, research and quality control applications, as well as in clinical laboratories to conduct kinetics, quantitative analysis, multiple wavelength analysis, DNA/protein analysis and scanning.

The key market firms listed in the report include 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), and more.

The important growth boosters in the global market can be the rising demand for spectrophotometers in environmental screening sectors as well as in pharmaceutical and related industries.