Ultraviolet-Visible Spectroscopy Global Market Report 2024

The ultraviolet-visible spectroscopy market size has grown strongly in recent years. It will grow from $1.5 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be ascribed to significant contributions from pharmaceutical and biotechnology research, environmental monitoring practices, quality control measures within the food and beverage industry, materials analysis advancements, as well as activities within the chemical and petrochemical sectors.

The ultraviolet-visible spectroscopy market size is expected to see strong growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period is expected to arise from increased biomedical and life sciences research, advancements in drug development practices, expanded applications in environmental analysis, enhanced quality assurance measures within the food and beverage industry, and advancements in materials characterization in manufacturing processes. Major trends expected during this period include focused efforts on pharmaceutical drug development, integration with data analytics, applications in remote sensing and field work, the demand for compact and portable devices, as well as collaborative initiatives aimed at method development.

The COVID-19 outbreak prompted a surge in pharmaceutical drug production, consequently spurring the demand for ultraviolet-visible (UV-Vis) spectroscopy instruments. These instruments became vital for research and development in creating new medications and vaccines during the pandemic. UV-Vis spectrophotometry's ability to swiftly and accurately characterize components such as nucleic acids and proteins significantly impacted the time-to-result for quality control and various processes. As per a Mettler Toledo study, these instruments played a crucial role in developing COVID-19 vaccines, consequently bolstering the UV-Vis spectroscopy market.

Anticipated growth in the food and beverage sector is poised to elevate the ultraviolet-visible spectroscopy market. This industry encompasses the entire food and drink production and distribution chain. Ultraviolet-visible spectroscopy plays a vital role in monitoring enzymatic reactions crucial in food processing, ensuring efficiency and product quality. Statistics Sweden reported a revenue surge in food and beverage sales, reaching $29.85 billion (SEK 334 billion) in September 2022, driven by increased sales volume and slight price upticks. Hence, the escalating food and beverage industry bolsters the ultraviolet-visible spectroscopy market.

In the ultraviolet-visible spectroscopy market, companies are striving for innovation through products such as high-speed detection spectrometers. PASCO Scientific's introduction of the competitively priced UV-Vis Spectrometer in May 2021 targets educational laboratories. Its standout features include high-speed spectral scans from 180 to 1050 nm and user-friendly spectrometry software, fostering collaborative learning. Tailored for undergraduate programs, this spectrometer boasts quick warm-up times, durability, and consistent accuracy, featuring unique elements such as internal drain, external cuvette marking, and a stabilized optic bench.

Major players in the UV-Visible spectroscopy market are pushing the boundaries of technology by developing advanced instruments such as near-infrared (NIR) microspectrophotometers. In January 2022, CRAIC Technologies introduced the 2030PV PRO UV-visible-NIR microspectrophotometer, featuring non-destructive analysis capabilities across a broad spectrum. This instrument enables absorbance, reflectance, Raman, photoluminescence, and fluorescence analyses of microscopic samples. Its unique aspect lies in offering flexibility for UV and NIR imaging alongside color imaging. Moreover, the 2030PV PRO integrates high-resolution digital imaging and ensures precision and reliability through compatibility with CRAIC Technologies Traceable Standards, calibrated with NIST Standard Reference Materials.

In May 2023 witnessed the acquisition of Tethys Instruments SAS, a France-based provider of ultraviolet-visible (UV-Vis) spectroscopy technology, by HORIBA Advanced Techno Co. Ltd., a renowned Japanese instruments and systems provider. This undisclosed acquisition marks a significant expansion within Veritas Capital's portfolio company, Peraton, scaling its operations nearly sevenfold. Notably, the integration of Tethys Instruments SAS into HORIBA strengthens its technological prowess in UV-Vis spectroscopy, furthering its position in this specialized instrumentation market.

Major companies operating in the ultraviolet-visible spectroscopy market report are PG Instruments Ltd., Thermo Fisher Scientific Inc., GE Healthcare Company, Agilent Technologies Inc., Ametek Inc., Hitachi High-Technologies Corporation, PerkinElmer Inc., Mettler-Toledo International Inc., Shimadzu Corporation, Bio-Rad Laboratories Inc., Bruker Corporation, HORIBA Ltd., Hamamatsu Hotonikusu Kabushiki-Kaisha, Hach Company, X-Rite Inc., Buck Scientific Inc., PERSEE PG Scientific Inc., Cole-Parmer Instrument Company, JASCO Inc., Biochrom Ltd., Cecil Instrument Ltd., Hunter Associates Laboratory Inc., GBC Scientific Equipment Pty Ltd., Kemtrak AB, Analytik Jena Shanghai Instruments Ltd., ColVisTec AG Inc., Applied Analytics Inc., Guided Wave Inc., ES Industry Pvt. Ltd.

North America was the largest region in the ultraviolet-visible spectroscopy market share in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the ultraviolet-visible spectroscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ultraviolet-visible spectroscopy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Ultraviolet-visible spectroscopy encompasses various instrument types: single-beam systems, double-beam systems, array-based systems, and handheld devices. Single-beam systems measure light intensity passing through a sample, while double-beam systems adjust for blanks using both sample and reference beams. Array-based systems use detectors capturing entire spectral images at once, and handheld devices enable on-the-spot analysis. This spectroscopy finds applications across industries such as pharmaceuticals, biotechnology, academia, agriculture, food, and environmental testing. It serves industrial purposes and supports research in physical chemistry, life sciences, and environmental studies, aiding quality assurance and control across diverse sectors.

The ultraviolet-visible spectroscopy market research report is one of a series of new reports that provides ultraviolet-visible spectroscopy market statistics, including ultraviolet-visible spectroscopy industry global market size, regional shares, competitors with a ultraviolet-visible spectroscopy market share, detailed ultraviolet-visible spectroscopy market segments, market trends and opportunities, and any further data you may need to thrive in the ultraviolet-visible spectroscopy industry. This ultraviolet-visible spectroscopy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ultraviolet-visible spectroscopy market consists of sales of spectrum machine, wavelength selector, detector, signal processor. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.