Wireless Handheld Spectrometer Market Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2028

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Factors Driving the Growth of the Wireless Handheld Spectrometer Market

The need for quick results and potable systems is increasing the demand for wireless handheld spectrometer. For instance, the requirement of small handheld device that can scan substances and highlight the chemical composition in raw materials in the pharmaceutical and life science industry. This will reduce the considerable amount of time required for testing of theses substance in the lab. Significant technological advancements enable the development of low-cost devices. One of the major drawbacks of these devices is the limited range of test and sensitivity that may hinder the market growth to some extent.

Advancement in the Wireless Handheld Spectrometry through Handheld Mass Spectrometer

For all testing such as environmental testing, food testing, forensic testing, chemical analysis, and others, mass spectrometry is the best tool available. However, these devices are large and confined to the lab and thus may take a long time for the results to be available. BaySpec offers one such device called the Portability Transportable Mass Spectrometer. The device is small enough to be used in the field and yet offer ppb-level detection. MIT further has planned to develop a mass spectrometer of the size of a smart phone. Miniaturizing the mass spectrometer has a very large potential and will aid the market growth of the wireless handheld spectrometers.

Competition Outlook

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Research Methodology

FMI/PMR utilizes a triangulation methodology that is primarily based on overall expenditure on life science research and R&D funding and capital equipment installed base to obtain precise market estimations and insights on life science and biotechnology associated products, technologies, applications and services. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country-specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the feasibility of the target products/technology categories and its respective segments, product and service offerings, equipment installed base in end use facilities, adoption rate and future impact of new technologies. Additionally, per capita consumption of kits, reagents and consumables among end users is tracked at a granular level to obtain the most accurate information. Each piece of information is eventually analysed during the entire research project which builds a strong base for the primary research information.

Primary research participants include demand-side respondents such as laboratory managers, procurement managers, research supervisors at academic and research institutes, as well as key opinion leaders in addition to supply-side respondents such as equipment and reagent manufacturers, custom solution and service providers who provide valuable insights on trends, research application of products and technologies, purchasing patterns, services offered and associated pricing.