The circular dichroism (CD) spectrometers market is likely to grow at over 6% CAGR during the assessment period.
Albany, NY -- (SBWIRE) -- 06/14/2018 -- A new business intelligence study titled "Circular Dichroism (CD) Spectrometers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the study, the circular dichroism (CD) spectrometers market is likely to grow at over 6% CAGR during the assessment period.
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According to the study, demand for circular dichroism (CD) spectrometers is likely to witness a spike on account of technological advancements in spectrometers, and introduction of new modalities. Leading players in the market are focusing on improving their range of offerings to consolidate their position in this market.
According to the report, manufacturers have addressed some of the challenges and limitations associated with circular dichroism (CD) spectrometers, which has led to an increase in uptake among end-use industries. The CD spectrometers were used for academic purposes only, however, the advancements have expanded their application scope in the recent past. The growing emphasis on developing new therapeutic interventions, along with increasing investment in R&D by key players is likely to provide an impetus to the growth of the market during the assessment period.
Although awareness about the advantages of circular dichroism (CD) spectrometers has witnessed an increase, it is highly likely that high cost of this medical equipment is likely to provide an impetus to growth during the assessment period. Technological innovation can lead to a decline in the sales of circular dichroism CD spectrometers, and this is likely to provide an impetus to growth during the assessment period.
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On the basis of product type, circular dichroism spectrometers are likely to witness steady growth over the course of the forecast period. On the other hand, multiple light sources spectrometers segment is likely to witness fastest CAGR during the review period. The linearly polarized light sources segment is expected to lose market share during the assessment period.
North America continues to be one of the leading markets for circular dichroism (CD) spectrometers market. The demand for these spectrometers in North America is concentrated in the US, whereas Canada accounts for a miniscule revenue share of the market. In addition to North America, Asia Pacific is likely to provide sustained growth opportunities to manufacturers during the assessment period. The Asia Pacific circular dichroism (CD) spectrometers market is likely to witness impressive growth rates during the assessment period.
The business intelligence study also offers a detailed analysis on the key players operating in the market. According to the study, some of the leading players in the market include Jasco, Applied Photophysics Ltd., Bio-Logic Science Instruments, Inc., Aviv Biomedical, Inc., On-Line Instrument Systems, Inc. (Olis), and Bruker.
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