The growing incidence of diseases and disorders, development of enhanced solutions and improved image analysis, and growing use of high-throughput flow cytometry and automated hematology analyzers. 

Market Size 
The global Cell Counting market size is projected to reach USD 700.8 million by 2027 from USD 377.2 million in 2018, at a CAGR of 8.4%. 

Danaher Corporation (US), Thermo Fisher Scientific (US), Becton, Dickinson and Company (US), Merck (Germany), Bio-Rad Laboratories (US), GE Healthcare (US), PerkinElmer (US), Agilent Technologies (US), BioTek Instruments (US), Tecan Group (Switzerland), Roche Diagnostics (Switzerland), Sysmex Corporation (Japan), HORIBA, Ltd. (Japan), Abbott Laboratories (US), and Siemens Healthineers (Germany) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions. 

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“Danaher Corporation was the leading player in the cell counting market and accounted for the largest share in 2017” 
The company has a diversified product portfolio, which comprises of a wide range of instruments and consumables. Danaher offers a number of cell counters, flow cytometers, and hematology analyzers along with a wide range of consumables. In 2018, the company launched the DxH 900 hematology analyzer, and in 2017, the company launched two new flow cytometry systems. With a strong portfolio of cell analysis instruments and incessant efforts to develop innovative products, the company is likely to maintain its strong position in this market in the coming years. 

“Thermo Fisher was the second-largest market player in the cell counting market in 2017” 
The company offers various innovative flow cytometers, cell counters, microplate readers, and spectrophotometers, along with all consumables ranging from reagents, beads & microspheres, to stains and buffers. The company’s FDA and CE Mark-approved products have helped it to further enhance its presence in this market. Furthermore, Thermo Fisher expanded its presence in the US and South Korea in 2016 by opening new GMP facilities. Moreover, the company aims to strengthen its presence in selected geographies in the Asia Pacific region, undertaking various organic and inorganic growth strategies. 

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Coherent Market Insights added Latest Research Report titled " Spectrophotometer Market, By Technology (Molecular Spectrometry, Atomic Spectrometry, and Mass Spectrometry), By Application (Academic Application and Industrial Application), By End Users (Biotech and Pharmaceutical Companies, Research Institutes, and Others), By Region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026 " to its Large Report database.

Spectrophotometer is a scientific device/instrument that measures the amount of light absorbed by the sample. Spectrophotometer is used to measure the concentration of solutes in the solution by measuring the amount of light that is been absorbed by the solution in a cuvette placed in the spectrophotometer. Spectrophotometer measures light intensity as a function of wavelength. This is done by diffracting the light beam into spectrum of wavelengths, detecting intensities with a charge-couple device, which is then displayed on the detector in the form of a graph and eventually on the display device.

This is comparatively cheaper as there are less number of components and is less complicated. Double beam spectrometer uses two light beams i.e. reference beam and sampling beam, which passes through the sample. Advantages of double beam is that they are highly stable, as reference and sample are measured at the same time. Spilt beam spectrophotometer is similar to double beam, however, instead it uses a beam splitter to send light along the sample and blank paths simultaneously to two different identical and separate detectors.

Spectrophotometer Market Drivers:-

Growth of the spectrophotometer market is expected to be driver by increasing launch of novel products. In 2015, Implen Munich, a German-based company launched 4th generation NanoPhotometer, which redefines mobile spectroscopy and has battery power of 8 hours. The instrument can also be controlled through smartphones, PC, optional built-in compactible LCD touchscreen, and tablets. NanoPhotometer provides accuracy and has a broad dynamic range, it also has the smallest sample requirement. In 2015, Implen launched N50, N60, NP80, and C40 models of NanoPhotometer. C40 is used for cuvette based analysis.

NanoPhotometer is used mostly by scientists for accurate results which aid in drug development, cancer research, neurodegenerative disease drug discovery, forensics, and others. Factors such as advancement in the field of spectroscopy, rising applications of spectroscopy in disease markers, toxicology, and increasing number of chronic diseases are expected to aid in 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. Its intuitive interface helps the user to quickly create custom methods, which can be saved in password protected accounts.

Spectrophotometer Market Key Players:-

Key Players operating in the spectrophotometer market are Bruker Corporation, Thermo Fisher Scientific, Danher Inc., Water Corporation, Shimadzu Corporation, Bio Rad Corporation, Perkin Elmer, Jenway, Implen, Denovix, and others.

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Spectrophotometer Market Taxonomy:-

By Technology

• Molecular Spectrometry
  • UV-Visible Spectrometry
  • IR-Spectrometry
  • Nuclear and Magnetic resonance (NMR)
  • Near Infrared Spectrometry
  • Raman Spectrometry
• Atomic Spectrometry
  • Elemental Analyzers
  • X-Ray Fluorescence Spectrometry
  • X-Ray Diffraction Spectrometry
  • Atomic Absorption Spectrometry
  • Inductively Coupled Plasma Atomic Emission Spectrometry
• Mass Spectrometry
  • Gas Chromatography
  • Liquid Chromatography
  • Matrix assisted Laser Desorption
  • Triple Quadra Pole Liquid Chromatography
  • Quadra Pole Time of Flight Liquid
  • Inductively Coupled Plasma Mass

By Application

• Academic Application
• Industrial Application

By End User

• Biotech & Pharmaceutical Companies
• Research Institutes
• Others

Spectrophotometer Market Regional Analysis:-

North America is expected to hold dominant position in the market and is also expected to show significant growth in the spectrometer market, due to increasing 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%.

Europe is also expected to witness significant growth over the forecast period owing to increase in research & development expenditure and novel product launch. According to a survey conducted by European Union (EU) research & development (R&D) scoreboard reveals that in 2016 investments on overall R&D in Europe including healthcare sector has increased by 5.6%, which is expected to support growth in spectrophotometer market size.

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The global sphere spectrophotometers market is projected to surpass USD 9.21 billion by 2025, driven by the huge demand from the textile industry. Rapid utilization of spectrophotometer in attaining color consistency and improving the appearance of garments are expected to be some of the key driving factors for the global sphere spectrometer market growth.

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Adroit Market Research today published a study on the “Global Sphere Spectrophotometer Market Size 2017 by Type (Portable and Bench-Top), by Application (Printing & Packing, Paint & Coating, Textile & Apparel, Plastic, and Others), By Region and Forecast 2018 to 2025”. The global sphere spectrophotometers market report covers the current scenario and the growth prospects of the photometers industry for 2018-2025. The global report focusses on the sphere spectrophotometer market size, its latest trends, competitive landscape, as well as dynamics such as drivers, restraints, and opportunities. The report also provides a detailed analysis of the global portable sphere spectrophotometers market size, key strategies adopted by industry participants, Porter’s Five Forces Analysis and value chain analysis for insightful decision making. The global sphere spectrophotometer market is also impacted by the ongoing trends and influencing factors in U.S., Europe, China, India, Japan, and other regions.

Spectrophotometry forms the basis for color measurement. For instance, in printing applications, spectrophotometers generate the optical spectrum of the measuring sample. Portable sphere spectrophotometers market is rising with a fast-paced growth reaching an anticipated value of USD 3.86 billion by 2025. Recent advancements in electrical and electronic optical components have led to a revolution in color technology. Owing to variety in models and geometries, these spectrophotometers are gaining widespread traction since these are capable of calculating color differences, pass/fail, shade sorting and other color indices without the use of an accompanying computer system.

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Spectrometers are gaining importance in different industries owing to their ability to replicate the truest color. The increasing importance of colors to enhance brand value is expected to augment the market growth. For instance, in a textile firm, ensuring color measurement throughout a roll of denim requires a manufacturer to make use of precise measuring equipment, such as a spectrophotometer. Spectrophotometers are used as a color control solution which helps in accelerating time to market and reduces costly waste and rework. Although there are a few other technologies present for measuring the color accuracy of any fabric, spectrophotometry has outpaced them all. Also, spectrophotometers maintain accuracy even if viewed through various angles and illuminations. Furthermore, increasing penetration of colorimeters in the textile industry to maintain uniformity of manufactured batches is expected to expand the global sphere spectrophotometer market size.

Europe dominated the global sphere spectrophotometers market in 2017 and is expected to maintain its lead over the forecast period at an expected 36.7% revenue share. Europe is one of the largest producers of polymers, textiles, and paints & coatings. The region is especially known for its paints owing to the presence of the headquarters of global companies such as AkzoNobel, BASF, Jotun, Hempel, Tikkurila, and Beckers Group among others. Apart from this, Asia Pacific is the most attractive regional market for plastic products including films, since China serves as the largest producer and consumer for plastic films in the world. Increasing demand for packaging materials has boosted the application of plastic films and this is expected to drive the Asia Pacific sphere spectrophotometer market.

The global sphere spectrophotometers market is witnessing fierce competition owing to the presence of a limited number of players. Companies such as X-rite, Konica Minolta, Shimadzu, BYK Gardner, and Hitachi High Technologies are some of the leading players in the global sphere spectrophotometers market.

Key segments of the global sphere spectrophotometer market

Type Overview, 2015-2025 (USD Million)

• Portable
• Bench-top

Application Overview, 2015-2025 (USD Million)

• Paint & Coating
• Textile & Apparel
• Plastic
• Printing & Packing
• Others

Regional Overview, 2015-2025 (USD Million)

• North America
• S.
• Canada
• Europe
• France
• UK
• Germany
• Italy
• Rest of Europe
• Asia Pacific
• India
• Japan
• China
• Rest of APAC
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa

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