Market research

Process Spectroscopy Market to Reach $2.433 Billion by 2023 The process spectroscopy market was valued at US$1.645 billion in 2017 and is projected to expand at a CAGR of 6.75% over the forecast period to reach US$2.433 billion by 2023. Process spectroscopy is a technique in which the interaction between the matter and electromagnetic radiation is studied. It is required to monitor the progress of a reaction, to know when the end pint of a reaction is reached, detecting the impurities, and granulation, etc. The growing awareness regarding quality and regulation has led to the increased utilization of process spectroscopy technology. Similarly, the booming pharmaceutical industry has positively impacted the process spectroscopy market. Moreover, the increased focus on drug safety regulations and monitoring of impurities in drug samples to ensure patient safety are also propelling the market demand thereby increasing the process spectroscopy market size. However, th...