SEATTLE, May 25, 2021 (GLOBE NEWSWIRE) – Spectroscopy is a scientific process used to determine the properties of atoms, molecules or inorganic compounds. It is also used to define many physical processes. The science behind spectroscopy is complex, involving many interacting forces that have a measurable effect on the results of scientific measurements.

Process spectroscopy is a technique involving the application of spectroscopy, which includes the study of the interaction between matter and electromagnetic radiation. Process spectroscopy can be used as a tool for the detection and monitoring of the coronavirus (COVID-19). Some of the other types of spectroscopy include X-ray spectroscopy, flame spectroscopy, atomic emission spectroscopy and atomic absorption spectroscopy, spark emission spectroscopy, visible and ultraviolet spectroscopy, and infrared spectroscopy and near infrared.

The Global process spectroscopy market is supposed to represent 27 186.9 Mn in value at the end of 2027

Market factors:

The integration of Raman spectroscopy and functionalized nanoparticles is expected to propel the growth of the global process spectroscopy market during the forecast period. For example, in August 2020, Advanced Nano Technologies, a provider of nanotechnology-based surface materials and applications, in collaboration with Starna Scientific and Trinity College’s Schools of Chemistry and Engineering, announced that it would provide an update on the progress made in the development of an interaction point indicator. Test (POIN2T) for Covid-19. The test is the application of Raman spectroscopy and functionalized nanoparticles for the early detection of Covid-19.

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In addition, the launch of near infrared spectroscopy catheter is also expected to help the market growth. For example, in 2018, Infraredx, Inc., a Nipro company, launched the Makoto intravascular imaging system and companion to the Dualpro intravascular and near infrared spectroscopy catheter in Japan.

Increased investment in wastewater treatment is expected to help the market growth. For example, in April 2021, the City of Binghamton Council, NY, USA, approved a contract with Veolia to perform a maintenance assessment of the Binghamton-Johnson City joint wastewater treatment plant.

Market opportunities:

The emergence of Covid-19 is expected to provide lucrative growth opportunities for players in the global process spectroscopy market. For example, globally, as of 3:02 p.m. CEST on May 16, 2021, 162,177,376 confirmed cases of COVID-19, including 3,364,178 deaths, were reported to the World Health Organization.

The high prevalence of chronic diseases is also expected to contribute to the growth of the market. For example, according to the study “Prevalence of Parkinson’s disease (PD) in North America”, published in July 2018 in the journal Nature, the number of people suffering from PD is expected to reach 930,000 in 2020 and 1,238,000 in 2030.

Significant growth in the pharmaceutical sector is expected to contribute to the growth of the market. For example, according to 2019 key data from the European Federation of Pharmaceutical Industries and Associations, the pharmaceutical sector in Europe was valued at US $ 139,287 million in 2000, which grew to US $ 284,028 million (est.) In 2018..

Market trends:

Technological developments in the field of Raman spectroscopy have led to the revision of the current chapter. For example, in May 2021, the European Pharmacopoeia Commission announced that it had adopted the revised Chapter 2.2.48 on Raman spectroscopy at its 169th session in March 2021.

The global process spectrometry market is experiencing several R&D activities. For example, in April 2021, a research team from the Hong Kong University of Science and Technology developed Raman spectroscopy coupled with optical tweezers that can directly probe the structural features of alpha-synuclein, an inherently disordered protein. (IDP) closely linked to Parkinson’s disease. disease, at physiological concentration focusing on individual protein molecules.

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Competitive landscape:

The major players operating in the global process spectrometry market are ABB Ltd., Shimadzu Corporation, Agilent Technologies, Inc., Sartorius AG, Bruker Corporation, Kett Electric Laboratory, Buchi Labortechnik AG, Horiba Limited, Danaher Corporation and Foss A / S.

Market segmentation:

On the basis of technology, the global process spectroscopy market is segmented into:

Based on the end user:

  • Polymer

  • Oil and gas

  • Pharmaceutical

  • Food and agriculture

  • Chemical

  • Other

Based on region:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

Related Market Information Reports:

Spectrometry market, by product type (atomic spectroscopy (atomic absorption spectroscopy, X-ray diffraction, implantable, X fluorescence, inductively coupled plasma, Ark Spark, elemental analyzers and ICP-MS), mass spectroscopy (TANDEM LC / MS, liquid chromatography, gas chromatography, MALDI – TOF, Fourier transform and single quadrupole) and molecular spectroscopy (NMR, UV visualization, infrared, color measurement, near infrared and Raman), by end user (industries biopharmaceuticals, research and academic institutes), and others) and by region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) – Analysis of size, share, outlook and opportunities, 2020-2027

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