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Global Molecular Spectroscopy Market – Industry Trends and Forecast to 2030

Healthcare

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Global Molecular Spectroscopy Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Molecular Spectroscopy Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 7,221.29 USD Million
Diagram Market Size (Forecast Year) USD 12,688.57 USD Million
Diagram CAGR %

Major Markets Players

  • Thermo Fisher Scientific
  • Bruker
  • PerkinElmer
  • Agilent Technologies
  • and more -

Global Molecular Spectroscopy Market, By 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) – Industry Trends and Forecast to 2030.

Molecular Spectroscopy Market

Molecular Spectroscopy Market Analysis and Size

Molecular Spectroscopy is a common analytical tool used in universities, research institutions, and academic laboratories worldwide. It is integrated into various scientific disciplines, including chemistry, physics, biology, materials science, and pharmaceutical sciences. Many universities and research institutions have dedicated spectroscopy laboratories equipped with a range of spectroscopic instruments.

Data Bridge Market Research analyses that the global molecular spectroscopy market which was USD 7,221.29 million in 2022, is expected to reach USD 12,688.57 million by 2030, and is expected to undergo a CAGR of 7.3% during the forecast period 2023-2030. This indicates the market value. “Nuclear Magnetic Resonance Spectroscopy” dominates the technology segment of the molecular spectroscopy market owing to the growing demand for better methods of treatment and diagnosis. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Molecular Spectroscopy Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, and 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

Market Players Covered

Thermo Fisher Scientific Inc. (U.S.), Bruker (U.S.), PerkinElmer, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Eurofins Scientific (Luxembourg), Danaher (U.S.), Merck KGaA (Germany), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), ABB (Switzerland), B&W Tek. (U.S.), Digilab Inc. (U.S.), 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 (U.S.), Coherent, Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Renishaw plc. (U.K.), Shimadzu Corporation (Japan)

Market Opportunities

Market Definition

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.

Global Molecular Spectroscopy Market Dynamics

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 market growth. Also, the rise in technological advancement in molecular spectroscopy systems will enhance the market's growth rate. Increasing emphasis on the discovery of newer molecules by pharmaceuticals is the major market driver that will further escalate the growth of the global molecular spectroscopy market.

Opportunities

  • Growing Demand for Food and Agricultural Analysis

Molecular Spectroscopy techniques are widely used in food and agricultural analysis for quality control, authenticity testing, and safety assessment. With increasing consumer focus on food safety, traceability, and nutritional content, there is a rising demand for spectroscopic methods that can provide rapid, reliable, and cost-effective analysis of food products, contaminants, and adulterants. Opportunities exist to develop spectroscopic techniques that can address these needs and improve the efficiency of food and agricultural analysis.

Restraints/Challenges

  • High Cost Associated Molecular Spectroscopy System

High-cost associated molecular spectroscopy systems will impede the market's growth rate during the forecast period 2023-2030. Spectroscopy instruments are more expensive since they have more advanced features and functions. Aside from the system's purchase price, the expense of conforming the system to industry standards is also quite costly.  

  • The Lack of Skilled Professionals

The efficient use of spectroscopic equipment necessitates skilled staff with relevant expertise and understanding. There is a severe shortage of experienced professionals for method development, validation, operation, and troubleshooting, which is projected to limit the global molecular spectroscopy market's growth in the approaching years to some extent.

This global molecular spectroscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global molecular spectroscopy market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In January 2021, Agilent Technologies announced the expansion of its molecular spectroscopy portfolio with the introduction of the Agilent Cary 3500 UV-Vis spectrophotometer, offering enhanced performance and usability for a wide range of applications
  • In March 2021, Jeol Ltd launched the JMS-T200GC AccuTOF GCx Plus gas chromatography-mass spectrometry (GC-MS) system, providing high-resolution and high-sensitivity analysis for volatile and semi-volatile compounds

Global Molecular Spectroscopy Market Scope

The global molecular spectroscopy market is segmented on the basis of technology and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Global Molecular Spectroscopy Market Regional Analysis/Insights

The global molecular spectroscopy market is analysed and market size insights and trends are provided by country, technology, and application as referenced above.

The countries covered in the global molecular spectroscopy market report are 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.

North America dominates the global molecular spectroscopy market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of patients seeking better diagnoses for cancer.    

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology, the large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global molecular spectroscopy market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global molecular spectroscopy market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global molecular spectroscopy market. The data is available for historic period 2023-2030

Competitive Landscape and Global Molecular Spectroscopy Market Share Analysis

The global molecular spectroscopy market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global molecular spectroscopy market.

Some of the major players operating in the global molecular spectroscopy market are:

  • Thermo Fisher Scientific Inc. (U.S.)
  • Bruker (U.S.)
  • PerkinElmer, Inc. (U.S.)
  • Agilent Technologies, Inc. (U.S.)
  • Eurofins Scientific (Luxembourg)
  • Danaher (U.S.)
  • Merck KGaA (Germany)
  • Siemens Healthcare GmbH (Germany)
  • Medtronic (Ireland)
  • ABB (Switzerland)
  • B&W Tek. (U.S.)
  • Digilab Inc. (U.S.)
  • 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 (U.S.)
  • Coherent, Inc. (U.S.)
  • Teledyne Technologies Incorporated (U.S.)
  • Renishaw plc. (U.K.)
  • Shimadzu Corporation (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

Molecular Spectroscopy Market will be worth USD 12,688.57 million by 2030
Molecular Spectroscopy Market growth rate is 7.3% during the forecast period.
Increasing Application of Molecular Spectroscopy in Environment Screening and Rising Use in the Pharmaceutical and Biotechnology Industry are the growth drivers of the Molecular Spectroscopy Market.
Technology and application are the factors on which the Molecular Spectroscopy Market research is based.
Agilent Technologies announced the expansion of its molecular spectroscopy portfolio with the introduction of the Agilent Cary 3500 UV-Vis spectrophotometer, offering enhanced performance and usability for a wide range of applications and Jeol Ltd launched the JMS-T200GC AccuTOF GCx Plus gas chromatography-mass spectrometry (GC-MS) system, providing high-resolution and high-sensitivity analysis for volatile and semi-volatile compounds are the latest developments in the Molecular Spectroscopy Market.
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