Global Fluorometer Market: Overview
The flourishing biotechnological and pharmaceutical industries are raising a significant demand for laboratory equipment such as fluorometers, since the recent past. The increasing focus of enterprises on R&D and product innovation in biotechnology, food technology, and other similar sectors is resulting in increasing importance of fluorometer.
Manufacturers are adding technologically advanced fluorometers to their product portfolio, introducing through them the features such as optimized algorithm, and DNA or RNA degradation-based results, for a diverse range of fluorophore measurement.
These features of fluorometers are contributing significantly to a widening base of applications of fluorometers across different fields. Modern fluorometers are available in various formats such as compact form, benchtop models and large modular systems.
A fluorometer, also known as ‘fluorimeter’, is an instrument used for fluorescence detection that plays a vital role in the determination of the presence of specific molecules in a particular medium. Fluorometers are also used to measure fluorescent signals based on the wavelengths of excitation and emission from substances such as dyes, attached to biological molecules and also naturally fluorescent molecules.
Global Fluorometer Market: Drivers and Restraints
The ability of a fluorometer to detect, monitor, and quantify the analyte properties in the laboratory environment is one of the most important factors driving the growth of the fluorometers market. The rapidly escalating demand for fluorometers is attributed to the combination of the accuracy of results and the sensitive nature of a fluorometer.
The concentration measurement is performed to the lowest scale of the biological compounds such as proteins, nucleic acids, hormones, drugs, and microorganisms, using a fluorometer. These applications continue to push adoption of fluorometers in biotechnological laboratories and other research institutes.
Manufacturers are focusing on delivering industry-specific fluorometers. For instance, Turner Designs (headquartered in the US) offers submersible fluorometers for oil spill detection and contamination area monitoring. On the other hand, higher cost of fluorometers is one of the major factors restraining the growth of the fluorometer market.
Segmentation Based on Application
On the basis of application, the fluorometer market is segmented into chemistry, biochemistry, medical research, pharmaceuticals, food science, environmental studies, and nanotechnology.
Segmentation Based on Equipment Type
On the basis of equipment type, the fluorometer market is segmented into spectrofluorometer, filter fluorometer, and integrated fluorometer.
Segmentation Based on Region
On the basis of region, the global fluorometer market is segmented into North America, Latin America, Western Europe, Eastern Europe, South East Asia and Others of Asia Pacific, Japan, China, and Middle East & Africa.
Global Fluorometer Market: Key Players
Some of the key players in the global fluorometer market include Turner Designs, Inc., HORIBA, DeNovix Inc., BERTHOLD TECHNOLOGIES, Thermo Fisher Scientific, Promega Corporation, MRC, JASCO, and others. Manufacturers are currently focusing on undertaking constant product innovations to enhance product offerings and sustain in the rapidly changing market.
The demand for fluorometer is increasing across different industry verticals and the addition of new features and capabilities along with exact data calculations and measurements is becoming an important parameter influencing the popularity of fluorometer. Manufacturers are thus more likely to maintain their focus on developing industry-specific and application-specific products that can more effectively deliver fluorescence measurement.
Global Fluorometer Market: Region-wise Outlook
Considering the revenue contribution on a regional basis in terms of fluorometer sales, North America holds a significant market share. This trend is primarily attributed to the strong presence of clinical research laboratories and pharmaceutical industries in this region - resulting in the increasing demand for fluorometers.
Western Europe is also an important market for fluorometers, due to increased adoption of fluorometers for high-precision measurement in a dramatically increasing number of research projects, especially in the fields of biotechnology and chemistry in this region.
South East Asia and other regions of the APAC are expected to grow significantly due to increasing industrialization in pharmaceutical and biotechnology industries resulting into increasing demand for fluorometer for measuring chlorophyll, phycocyanin, rhodamine, phycoerythrin, and others.
On the other hand, MEA’s fluorometer market may display moderate revenue growth over the next few years owing to a relatively lower adoption rate.
The report covers an exhaustive analysis of
- Market Segments
- Market Dynamics
- Historical/Actual Market Size, 2013-2017
- Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain of the Market
- Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- South East Asia and Others of Asia Pacific
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Fluorometer Market: SegmentationThe global fluorometer market is segmented on the basis of application, type, and region.