Spectrometry market set to grow

A new market report published by Transparency Market Research entitled "Spectrometry Market (Atomic, Molecular and Mass Spectrometry) - Global Scenario, Trends, Industry Analysis, Size, Share & Forecast 2011 - 2017", predicts that the global spectrometry market will grow from US$10.2 billion in 2011 to US$15.2 billion in 2017, which is equivalent to a compound annual growth rate of 6.9%. The report aims to identify the factors driving the market in that period and "provides extensive analysis of the industry, current market trends, industry drivers and challenges for better understanding of the market structure."

It splits the worldwide market into North America, Europe, Asia-Pacific and the rest of the world and provides detailed figures for the areas of atomic spectroscopy (atomic absorption spectroscopy, X-ray diffraction spectroscopy, X-ray fluorescence spectroscopy, inductively coupled plasma, elemental analyzers, other atomic spectroscopy), molecular spectroscopy (global NMR market, global UV visualisation, infrared, colour measurement, Raman, other molecular spectroscopy) and mass spectrometry (tandem LC/MS, liquid chromatography, gas chromatography, MALDI-TOF, Fourier transform, other mass spectrometry).