Spectrophotometer Market Sales Forecasts Reveal Positive Growth Through 2026


The increasing launch of the innovative product by key players is predominantly fueling the growth of the spectrophotometer market. For instance, in January 2021, Datacolor, a provider of color management solutions, has launched the Spectro 1000/700 series, a family of close-tolerance benchtop spectrophotometers designed for high efficiency and confidence in color formulation and quality control in various industries. Increasing demand from drug development, cancer research, neurodegenerative disease drug discovery, forensics, and other research field is again anticipated to propel the growth of the spectrophotometer market. Furthermore, growing applications of spectroscopy in toxicology, disease markers, and an increasing number of chronic diseases are further expected to support the growth of the market. For instance, in 2017, DeNovix DC, a U.S.-based company, launched DS-C Spectrometer, which features built-in Easy Apps for accurate UV-Vis measurements, protein quantification, microbial quantification, and kinetic studies that aids in drug discovery, formation of vaccines, and others.

North America is expected to hold a dominant position in the global spectrophotometer market owing to the growing launch of novel products in the region by key players. For instance, in February 2018, Thermo Fisher Scientific, a U.S.-based company, launched TSQ 9000 Triple Quadrupole GC-MS/MS System. This system has been designed to increase productivity, with enhanced sensitivity, and it also reduces maintenance-related downtime by 98%.

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