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Spectroscopic Analysis: A Lucrative Segment in the Portable Analytical Instruments Market

Portable analytical instruments are lightweight handheld instruments with simple infrastructure; they deliver instant results in any location and under any weather condition. The adoption of these analytical instruments helps in on-site analysis (outside the laboratory) including material verification, chemical analysis, and screening of samples. Growing food and environmental concerns; availability of low-cost and ease-to-operate portable analytical instruments; and increasing healthcare expenditure will majorly drive the portable analytical instruments market.

The technology segments of portable analytical instruments will be important revenue pockets during the forecast period (2015–2020). By technology, the market is divided into spectroscopic analysis, elemental analysis, and others (thermal analysis and electrochemical analysis). Spectroscopic analysis is further segmented into X-ray fluorescence (XRF), near-infrared spectroscopy (NIR), Raman spectroscopy, Fourier transform infrared spectroscopy (FTIR), laser-induced breakdown spectroscopy (LIBS), and others ( ion mobility spectroscopy and spectral imaging). The spectroscopic analysis segment is expected to account for the largest share of the portable analytical instruments market in 2015, and is expected to grow at the highest rate. Spectroscopic technologies like XRF, NIR, Raman, FTIR, and LIBS are widely used in food and beverages industry, pharmaceutical and biotechnology companies, environmental testing industry, and academic & research institutes. This provides significant opportunities to the key players to introduce new products, which in turn will increase the size of the global portable analytical instruments market. Advancements in features like higher accuracy and resolution, shorter scan time, wider scan range (1000 ~ 10 cm-1) and high sensitivity in spectroscopic techniques make it a useful tool in advanced research applications.

North America is expected to account for the largest share of the global portable analytical instruments market in 2015. The market in Asia-Pacific is expected to grow at the highest rate during the forecast period, due to the high R&D spending in the region. Strategic expansions of the key players in APAC will drive the growth of portable analytical instruments in this region.

 

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