At present, there are various diagnostic techniques available for the diagnosis of medically important microorganisms like viruses, bacteria, parasites, and fungi. But, these techniques are time-consuming with some limitations or inconvenience. Fluorescence spectroscopy seems to be a promising emerging diagnostic technique with fast and rapid diagnosis ability which can be used in many filed of medical sciences. Fluorescence spectroscopy is a method which is used to analyze the sample fluorescence properties by determining the concentration of an analyte in a sample. Fluorescence spectroscopy is extensively used for measuring compounds in a solution and is usually considered an easy method to perform. Fluorescence spectroscopy is a kind of electromagnetic spectroscopy which examines fluorescence from a sample. In fluorescence spectroscopy, a specific wavelength light band is usually passed through a solution, which emits the light into a detector through a filter for measurement. The amount of light absorbed by the sample and the amount of light that is emitted by the sample can be quantified. There are generally five parameters measured in fluorescence spectroscopy and they are emission spectrum, excitation spectrum, decay times, quantum yield, and anisotropy.
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Fluorescence Spectroscopy Market: Drivers and Restraints
Fluorescence spectroscopy market is expected to show a noteworthy growth over the forecast period due to the increasing adoption of new and advanced technologies among the targeted population. Furthermore, continues advancement in the fluorescence spectroscopy equipment’s and competition among the fluorescence spectroscopy market players are some of the other factors which are driving the growth of the global fluorescence spectroscopy market. However, there are some factors responsible for hampering the growth of the global fluorescence spectroscopy market. Factors such as the fluorescence spectroscopy devices are expensive and provide less focus on developing new techniques due to lack of awareness and less profitability. These are some of the factors that could impede and drive the growth of the global fluorescence spectroscopy market.
Fluorescence Spectroscopy Market: Segmentation
The global fluorescence spectroscopy market is segmented by application, end user and region:
Based on application, the global fluorescence spectroscopy market is segmented into:
- Life Sciences
- Drug Discovery
Based on end user, the global fluorescence spectroscopy market is segmented into:
- Pharmaceutical Industries
- Clinical Laboratories
- Biotechnology Laboratories
- Academic & Research Institutes
Fluorescence Spectroscopy Market: Overview
Over the past few years, it is observed that the fluorescence spectroscopy technique applications have been continuously growing. Initially used as an analytical tool in order to determine the presence of specific molecules in solutions, but now used in various application like biochemistry and biophysics for studying the molecular interactions and dynamics in solutions and cells both. Also used in clinical immunoassays for determining the presence of specific antibodies and antigens, in life sciences and in drug development, and others. Fluorescence spectroscopy is a simple, fast, and an inexpensive method to determine the concentration of an analyte based on its fluorescent properties. Based on the end user, the global fluorescence spectroscopy market is segmented into pharmaceutical industries, clinical laboratories, biotechnology laboratories, academic & research institutes, and others. Amongst all the end users, pharmaceutical industries and clinical laboratories segment are collectively anticipated to hold significant market share in the global fluorescence spectroscopy market.
Fluorescence Spectroscopy Market: Regional Outlook
It is observed that the developed countries of North America and Europe are expected to contribute major market share in the global fluorescence spectroscopy market. This is majorly due to extensive use of advanced technology in research and development processes. The growth in Asia Pacific fluorescence spectroscopy market is projected to expand with an increasing growth rate due to the rise in the availability of resources. Countries like China, Japan and India are expected to show lucrative growth opportunities due to increasing manufacturing facilities and high adoption of new technologies in clinical laboratories. However, growth in developing countries is expected to be slow due to lack of awareness with low adoption.
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Fluorescence Spectroscopy Market: Key Players
Examples of some of the key players operating in fluorescence spectroscopy market are Shimadzu Corporation, Sarspec, Lda, Aurora Biomed Inc., HORIBA, Ltd., Agilent Technologies, Rigaku, PerkinElmer Inc. and others.