Spectrometry Industry (Atomic, Molecular and Mass Spectrometry) is Expected to Reach USD 15.2 Billion Globally in 2017: Transparency Market Research

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Spectrometry Industry (Atomic, Molecular and Mass Spectrometry) is Expected to Reach USD 15.2 Billion Globally in 2017: Transparency Market Research

PR Newswire ALBANY, New York, July 31, 2012

ALBANY, New York,July 31, 2012/PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Spectrometry Market (Atomic, Molecular and Mass Spectrometry) - Global Scenario, Trends, Industry Analysis, Size, Share & Forecast 2011 - 2017", global spectrometry market was worthUSD 10.2 billionin 2011 and is expected to reachUSD 15.2 billionin 2017, growing at a CAGR of 6.9% from 2011 to 2017. In the overall global market, theNorth Americais expected to maintain its lead position in terms of revenue till 2017. TheNorth Americais expected to enjoy 36.2% of global spectrometry market revenue share in 2017 followed by Europe. Browse the full report at http://www.transparencymarketresearch.com/spectrometry- market.html Spectrometry Industry is witnessing a healthy growth rate due to continuous requirement of spectrometry instruments in various industries including pharmaceutical, chemical, biotechnology and foods and beverages. In the overall spectrometry market, pharmaceutical and biotechnological segments enjoyed a market share of 21% and 20% respectively in 2011. The spectrometry market has exhibited sustainable development owing it to driving factors such as increase in number of criminal cases, raising application in various industries and accuracy in detection of the narcotics and explosives. Coupling of chromatography techniques with mass spectrometry is further supporting the growth of spectrometry industry. The global spectrometry market is expected to grow at a CAGR of 6.9% from 2011 to 2017 and is expected to reachUSD 15.2 billionby 2017. TheNorth Americaspectrometry market holds the maximum market share and is valued atUSD 3.8 billionin 2011 and is expected to reachUSD 5.5 billionby 2017 growing at a CAGR of 6.2% from 2011 to 2017. TheEuropebased spectrometry market was valued atUSD 3.0 billionin 2011 and is expected to grow at a CAGR of 6.7% to reachUSD 4.5 billionby 2017. The global molecular spectroscopy market was valued atUSD 3.8 billionin 2011 and is expected to grow at a CAGR of 5.7% to reachUSD 5.4 billionby 2017. The atomic spectroscopy was valued atUSD 3.1 billionin 2011 and is expected to grow at CAGR of 6.4% from 2011 to 2017.

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