Global Nuclear Magnetic Resonance Spectroscopy Market – Industry Trends and Forecast to 2029

Global Nuclear Magnetic Resonance Spectroscopy Market, By Type (Sub-100 MHz, 300-400 MHz, 500 MHz, 900 MHz and More MHz), End User (Academic, Pharmaceutical and Biotechnology Industries, Chemical Industry, Agriculture and Food Industries, Oil and Gas Industries, Others) – Industry Trends and Forecast to 2029

Nuclear Magnetic Resonance Spectroscopy Market Analysis and Size

The market for nuclear magnetic resonance spectroscopy is expected to grow in the forecast period. The increase in the prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular diseases (CVDs), is increasing the focus of biotechnology and pharmaceutical companies and research institutes on drug discovery and development. This, in turn, is expected to drive the global nuclear magnetic resonance spectroscopy market during the forecast period.

Data Bridge Market Research analyses that the nuclear magnetic resonance spectroscopy market which was USD 657.1 million in 2021, would rocket up to USD 916.73 million by 2029, and is expected to undergo a CAGR of 4.25% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Nuclear Magnetic Resonance Spectroscopy Market Scope and Segmentation

Market Definition

NMR spectroscopy is a method for taking advantage of the magnetic characteristics of precise atomic nuclei. The physical and chemical characteristics of the atom and the molecules are explained by NMR spectrometers. NMR spectrometers are used in research activities to assess the content, purity, and molecular composition of samples as well as for quality control of the samples. NMR spectrometers are employed in a wide range of disciplines, including biology, physics, physical chemistry, the food industry, and pharmaceuticals. NMR permits a sample size of 10 mg without destroying the sample during the process, provides extensive information about the molecule's structure, and can be used in concert with other types of spectroscopy and chemical analysis to determine the structure of the finished molecule.

Nuclear Magnetic Resonance Spectroscopy Market Dynamics

Drivers

• Rise in demand of drugs

In the forecast period of 2022–2029, factors such as the rising demand for drug delivery in developing nations, the prevalence of better transportation infrastructure, the low cost of energy, and an increase in technological advancements are likely to boost the growth of the nuclear magnetic resonance spectroscopy market.

• Rise in healthcare infrastructure

Growing demand from developing economies and expanding terahertz spectroscopy applications in healthcare will further raise a number of chances that will fuel the expansion of the nuclear magnetic resonance spectroscopy market throughout the forecast period.

• Technological developments

Utilizing nuclear magnetic resonance spectrometers, researchers can examine the dynamics and kinetics of molecules as well as the composition of mixes of synthetic or biological composites or solutions. The worldwide nuclear magnetic resonance spectrometer market is also anticipated to benefit from technical advancements in medical imaging methods, such as magnetic resonance imaging, during the forecast period.

Opportunities

The nuclear magnetic resonance spectroscopy market's growth is fuelled by the rising demand for drug delivery in developing nations, the prevalence of better transportation infrastructure. This will provide beneficial opportunities for the market growth.

Restraints/Challenges

• High cost

The high cost of system and instruments will hinder the growth of the nuclear magnetic resonance spectroscopy market in the forecast period.

This nuclear magnetic resonance spectroscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 nuclear magnetic resonance spectroscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Nuclear Magnetic Resonance Spectroscopy Market

The COVID-19 pandemic is projected to have a favourable effect on the product's demand. However, supply constraints and rising raw material costs had an effect on the players' capacity to make a profit. Over the past ten years, the cost of essential raw materials, including copper, steel, and iron, used to make superconductors, has increased. In the upcoming years, market growth is anticipated to be significantly driven by the rising need for cancer diagnostics. NMR spectroscopy has been used to research the diagnosis of Parkinson's disease, cancer, infectious diseases, and psychiatric problems.

Recent Development

• In June 2022, UK Research and Innovation (UKRI) announced that it would invest USD 576.61 million in over 30 initiatives for research infrastructure. Additionally, an investment of USD 19.18 million was made to acquire a 1.2 GHz NMR spectrometer. According to the authorities, NMR spectroscopy will likely continue to be used in biological, health, materials, and environmental research fields.

Global Nuclear Magnetic Resonance Spectroscopy Market Scope

The nuclear magnetic resonance spectroscopy market is segmented on the basis of product and application. The growth amongst these segments will help you analyze 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.

Product

•  Sub-100MHz
•  300-400 MHz
•  500 MHz
•  600 MHz
•  700-750 MHz
•  800-850 MHz
•  900+ MHz

Application

• Academic
•  Pharma and Biotech
•  Chemical
•  Agriculture and Food
•  Oil and Gas

• Others

Nuclear Magnetic Resonance Spectroscopy Market Regional Analysis/Insights

The nuclear magnetic resonance spectroscopy market is analysed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the nuclear magnetic resonance 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 nuclear magnetic resonance spectroscopy market due to the increasing growth of pharmaceutical and chemical industry in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing number of research activities and increasing need of environmental protection.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, 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 nuclear magnetic resonance spectroscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nuclear magnetic resonance spectroscopy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nuclear magnetic resonance spectroscopy market. The data is available for historic period 2010-2020.

Competitive Landscape and Nuclear Magnetic Resonance Spectroscopy Market Share Analysis

The nuclear magnetic resonance spectroscopy market competitive landscape provides details by competitor. 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 nuclear magnetic resonance spectroscopy market.

Some of the major players operating in the nuclear magnetic resonance spectroscopy market are:

• Olympus Corporation (Japan)
• SUZHOU LANScientific Co.,Ltd. (China)
• Hefei Jingpu Sensor Technology Co.,Ltd. (China)
• HORIBA, Ltd. (Japan)
• Hitachi, Ltd. (Japan)
• Fischer Technology Inc. (U.S.)
• Dandong Dongfang Measurement & Control Technology Co., Ltd. (China)
• The British Standards Institution (U.K.)
• Bruker (U.S.)
• Bourevestnik (U.S.)
• SPECTRO Analytical Instruments GmbH (Germany)
• Applied Rigaku Technologies, Inc. (Japan)
• FAST ComTec GmbH (Germany)
• Malvern Panalytical Ltd (U.K.)