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Fluorescence Spectroscopy Market size was valued at USD 20.1 billion in 2019 and is poised to grow from USD 21.67 billion in 2023 to USD 39.52 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

The fluorescence spectroscopy market is highly competitive and is dominated by a few major players. Key market companies are focused on innovation and expanding their product portfolios through strategic partnerships and collaborations. Overall, the competitive landscape of the fluorescence spectroscopy market is expected to remain highly competitive, with ongoing innovation and product development driving growth and market share for key players. 'HORIBA, Ltd.', 'Thermo Fisher Scientific Inc.', 'PerkinElmer, Inc.', 'Bruker Corporation', 'Agilent Technologies, Inc.', 'Shimadzu Corporation', 'JASCO Corporation', 'Edinburgh Instruments Ltd.', 'Hitachi High-Technologies Corporation', 'PTI Photon Technology International Inc.', 'Hamamatsu Photonics K.K.', 'Stellarnet, Inc.', 'HORI GLASS CORPORATION', 'Foss A/S', 'Ocean Optics, Inc.', 'PicoQuant GmbH', 'KNAUER Wissenschaftliche Geräte GmbH', 'Jenway Limited', 'Bibby Scientific Limited', 'Photon Technology Co., Ltd.'

Fluorescence spectroscopy is widely used in various research fields, including biotechnology, pharmaceuticals, and environmental science. As the demand for new and innovative products in these industries grows, the demand for fluorescence spectroscopy instruments and solutions is also expected to increase.

Increasing demand for fluorescence spectroscopy in the healthcare industry: The healthcare industry is the largest end-user of fluorescence spectroscopy. It is widely used in various healthcare applications such as drug discovery, clinical diagnostics, and medical research. The increasing prevalence of chronic diseases and the need for more accurate diagnostic methods are expected to drive the demand in the healthcare industry.

North America is the largest market for fluorescence spectroscopy, driven by the presence of several major players in the region, high level of research and development activities, and increasing demand for advanced analytical techniques in various industries. The United States is the largest contributor to the North American market, followed by Canada.

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Global Fluorescence Spectroscopy Market

Product ID: SQMIG35A2199

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