Molecular Spectroscopy Market Size to Hit USD 11.83 Billion by 2029
Global Molecular Spectroscopy Market report brings into focus public demands, competencies and the constant growth of the working industry, vibrant reporting, or high data protection services while analysing market information. Furthermore, drivers and restraints of the market assessed in this report makes aware about how the product is getting utilized in the recent market environment and also provide estimations about the future practice. It highlights a wide-ranging evaluation of the market’s growth prospects and restrictions. Global Molecular Spectroscopy Market document is of huge importance in many aspects for better understanding of the market which lead to sky-scraping business growth.
Data Bridge Market Research analyses that the molecular spectroscopy market was valued at USD 6.73 billion in 2021 and is expected to reach USD 11.83 billion by 2029, registering a CAGR of 7.30% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The market for molecular spectroscopy is estimated to increase rapidly over the forecast period. Molecular spectroscopy makes use of several types of radiation, such as absorption, emission, or scattering of electromagnetic waves by atoms or molecules, to examine them qualitatively or quantitatively. The spectrum response of molecules during their interaction with various frequencies and energies is measured by molecular spectroscopy analysis. Various businesses, including pharmaceuticals, biotechnology, and others, utilize the method. Hence, increasing the demand for molecular spectroscopy in the market.
Market Overview:
The interaction of electromagnetic radiation with materials to generate an absorption pattern known as spectrum, from which structural or compositional information can be derived, is known as molecular spectroscopy. Excitation of molecular movement or vibration, as in infrared (IR) spectroscopy, or excitation of an electron in a higher -orbital, as in ultraviolet/visible (UV/VIS) spectroscopy, occurs throughout this process.
Drivers
- Increasing application of molecular spectroscopy in environment screening
Increasing the application of molecular spectroscopy in environment screening will cushion the growth rate of the molecular spectroscopy market. The key factors that have led to the implementation of many laws and regulations to monitor environmental pollution levels include rising pollution levels and severe depletion of natural resources.
- Rising use in the pharmaceutical and biotechnology industry
Increasing utilization of molecular spectroscopy in the pharmaceutical and biotechnology industries will enhance the market’s growth rate.
Furthermore, increasing focus on ensuring the quality of food products will boost the market growth. Also, the rise in technological advancement in molecular spectroscopy systems will enhance the market’s growth rate. Increasing emphasis for the discovery of newer molecules by pharmaceuticals is the major market driver that will further escalate the growth of the molecular spectroscopy market.
Recent Development
- In March 2021, JASCO Corporation had launched a new range of fluorescence spectrophotometers (FP- 8050 Series). The FP-8050 Series consists of five instruments that span the full range of biological, environmental, chemical, and materials analysis applications.
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Technology (Nuclear Magnetic Resonance Spectroscopy, UV-Visible Spectroscopy, Infrared Spectroscopy, Near-Infrared Spectroscopy, Colour Measurement Spectroscopy, Raman Spectroscopy, Other Technologies), Application (Pharmaceutical Applications, Food and Beverage Testing, Biotechnology and Biopharmaceutical Applications, Environmental Testing, Academic Research, Other Applications) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
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Some of the major players operating in the molecular spectroscopy market Thermo Fisher Scientific Inc. (US), Bruker (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Eurofins Scientific (Luxembourg), Danaher (US), Merck KGaA (Germany), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), ABB (Switzerland),B&W Tek. (US), Digilab Inc. (US), Hamamatsu Photonics K.K. (Japan), HORIBA, Ltd. (Japan), JASCO International Co., Ltd. (Japan), JEOL Ltd.(Japan), Endress+Hauser Group Services AG (Switzerland), Metrohm India Limited (Switzerland), Montana Instruments Corporation (US), Coherent, Inc. (US), Teledyne Technologies Incorporated (USA), Renishaw plc. (UK), and Shimadzu Corporation (Japan), among others.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Molecular Spectroscopy Market Scope
Technology
- Nuclear Magnetic Resonance Spectroscopy
- UV-Visible Spectroscopy
- Infrared Spectroscopy
- Near-Infrared Spectroscopy
- Colour Measurement Spectroscopy
- Raman Spectroscopy
- Other Technologies
Based on technology, the molecular spectroscopy market is segmented into nuclear magnetic resonance spectroscopy, UV-visible spectroscopy, infrared spectroscopy, near-infrared spectroscopy, colour measurement spectroscopy, Raman spectroscopy and other technologies. Nuclear magnetic resonance spectroscopy segment is sub-segmented into Fourier-transform NMR spectroscopy, continuous-wave NMR spectroscopy and solid-state NMR spectroscopy. UV-visible spectroscopy segment is sub-segmented into single-beam UV-visible spectroscopy, dual-beam UV-visible spectroscopy and array-based UV-visible spectroscopy. Infrared spectroscopy segment is sub-segmented into spectrum and type. Spectrum segment is further bifurcated into mid-wave infrared spectroscopy, short-wave infrared spectroscopy and far-wave infrared spectroscopy. Type segment is further bifurcated into bench top, infrared microscopy, portable and handheld, hyphenated and terahertz. Near-infrared spectroscopy segment is sub-segmented into scanning near-infrared spectroscopy, Fourier-transform near-infrared spectroscopy and filter nir spectroscopy/acoustic-optical tuneable filter-nir spectroscopy. Raman spectroscopy segment is sub-segmented into sampling technique and type. Sampling technique segment is further bifurcated into surface-enhanced Raman scattering, tip-enhanced Raman scattering and other Raman spectroscopy techniques. Type segment is further bifurcated into micro-Raman spectroscopy, probe-based Raman spectroscopy and FT-Raman spectroscopy.
Application
- Pharmaceutical Applications
- Food and Beverage Testing
- Biotechnology and Biopharmaceutical Applications
- Environmental Testing
- Academic Research
- Other Applications
Based on application, the molecular spectroscopy market is segmented into pharmaceutical applications, food and beverage testing, biotechnology and biopharmaceutical applications, environmental testing, academic research and other applications.
Browse Detailed Summary of Research Report with TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-molecular-spectroscopy-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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