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Molecular Spectroscopy Market Report by Product Type, Technology, Application, and Region 2024-2032

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    Report

  • 146 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5578127
Description Jump to:
The global molecular spectroscopy market size reached US$ 6.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2023-2032.

Molecular spectroscopy is identified as the subject of quantum physics that studies quantitative and qualitative characteristics of molecules through dispersion and interaction of electromagnetic radiations with various frequencies and energies. This procedure aids in producing an absorption pattern, or spectrum, in order to deduce compositional or structural information. On account of these properties, molecular spectroscopy is extensively employed in environmental testing, academic research, biotechnology, and food and beverage (F&B) assessments. At present, it is available in varying technology types, including nuclear magnetic resonance (NMR), Raman, ultraviolet (UV)-visible, mass, infrared and near-infrared spectroscopy.

Molecular Spectroscopy Market Trends:

The widespread adoption of molecular spectroscopy across various industrial verticals, such as food and beverage (F&B), biotechnology, and particularly the healthcare sector, for introducing several efficient and accurate hybrid imaging systems, such as computed tomography (CT) and positron emitted tomography (PET) devices, is primarily driving the market toward growth. Moreover, rapid technological advancements in molecular spectroscopy and their widespread adoption in the pharmaceutical industry to discover newer molecules are also supporting the market growth. As compared to analytical techniques, they offer easier sample preparation and better outcomes from one single spectrum. In line with this, the rising environmental consciousness amongst consumers, along with numerous favorable initiatives undertaken by the government of several countries to promote the employment of molecular spectroscopy for environmental screening, treating wastewater and evaluating polycyclic aromatic hydrocarbons (PAH) levels to inhibit the depletion of natural resources are acting as other growth-inducing factors. Additionally, the rising usage of nuclear magnetic resonance (NMR) spectroscopy technology for implementing quality control, assessing the content purity, and determining the molecular structure of organic compounds is contributing to the market growth. Other factors, such as rising food safety concerns, significant expansion of the biotechnology industry, and the increasing application of Raman spectroscopy for coronavirus disease (COVID-19) testing are positively stimulating the market growth across the globe.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global molecular spectroscopy market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, technology and application.

Breakup by Product Type:

Consumables
Instruments

Breakup by Technology:

NMR Spectroscopy
Raman Spectroscopy
UV-Visible Spectroscopy
Mass Spectroscopy
Infrared Spectroscopy
Near-Infrared Spectroscopy
Others

Breakup by Application:

Pharmaceutical Applications
Food and Beverage Testing
Biotechnology and Biopharmaceutical Applications
Environmental Testing
Academic Research
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Agilent Technologies Inc., Bruker Corporation, Hitachi Ltd., Horiba Ltd., JASCO Inc., JEOL Ltd., Medtronic plc, Merck KGaA, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc. and VIAVI Solutions Inc.

Key Questions Answered in This Report

1. What was the size of the global molecular spectroscopy market in 2023?
2. What is the expected growth rate of the global molecular spectroscopy market during 2024-2032?
3. What are the key factors driving the global molecular spectroscopy market?
4. What has been the impact of COVID-19 on the global molecular spectroscopy market?
5. What is the breakup of the global molecular spectroscopy market based on the product type?
6. What is the breakup of the global molecular spectroscopy market based on the technology?
7. What is the breakup of the global molecular spectroscopy market based on the application?
8. What are the key regions in the global molecular spectroscopy market?
9. Who are the key players/companies in the global molecular spectroscopy market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Molecular Spectroscopy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Consumables
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Instruments
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 NMR Spectroscopy
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Raman Spectroscopy
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 UV-Visible Spectroscopy
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Mass Spectroscopy
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Infrared Spectroscopy
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Near-Infrared Spectroscopy
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Application
8.1 Pharmaceutical Applications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food and Beverage Testing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Biotechnology and Biopharmaceutical Applications
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Environmental Testing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Academic Research
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Agilent Technologies Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Bruker Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Hitachi Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Horiba Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 JASCO Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 JEOL Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Medtronic plc
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Merck KGaA
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 PerkinElmer Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Shimadzu Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Thermo Fisher Scientific Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 VIAVI Solutions Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
List of Figures
Figure 1: Global: Molecular Spectroscopy Market: Major Drivers and Challenges
Figure 2: Global: Molecular Spectroscopy Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Molecular Spectroscopy Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Molecular Spectroscopy Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Molecular Spectroscopy Market: Breakup by Technology (in %), 2023
Figure 6: Global: Molecular Spectroscopy Market: Breakup by Application (in %), 2023
Figure 7: Global: Molecular Spectroscopy Market: Breakup by Region (in %), 2023
Figure 8: Global: Molecular Spectroscopy (Consumables) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Molecular Spectroscopy (Consumables) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Molecular Spectroscopy (Instruments) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Molecular Spectroscopy (Instruments) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Molecular Spectroscopy (NMR Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Molecular Spectroscopy (NMR Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Molecular Spectroscopy (Raman Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Molecular Spectroscopy (Raman Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Molecular Spectroscopy (UV-Visible Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Molecular Spectroscopy (UV-Visible Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Molecular Spectroscopy (Mass Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Molecular Spectroscopy (Mass Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Molecular Spectroscopy (Infrared Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Molecular Spectroscopy (Infrared Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Molecular Spectroscopy (Near-Infrared Spectroscopy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Molecular Spectroscopy (Near-Infrared Spectroscopy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Molecular Spectroscopy (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Molecular Spectroscopy (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Molecular Spectroscopy (Pharmaceutical Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Molecular Spectroscopy (Pharmaceutical Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Molecular Spectroscopy (Food and Beverage Testing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Molecular Spectroscopy (Food and Beverage Testing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Molecular Spectroscopy (Biotechnology and Biopharmaceutical Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Molecular Spectroscopy (Biotechnology and Biopharmaceutical Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Molecular Spectroscopy (Environmental Testing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Molecular Spectroscopy (Environmental Testing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Molecular Spectroscopy (Academic Research) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Molecular Spectroscopy (Academic Research) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Molecular Spectroscopy (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Molecular Spectroscopy (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: North America: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: North America: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: United States: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: United States: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Canada: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Canada: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Asia-Pacific: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Asia-Pacific: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: China: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: China: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Japan: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Japan: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: India: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: India: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: South Korea: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: South Korea: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Australia: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Australia: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Indonesia: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Indonesia: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Europe: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Europe: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Germany: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Germany: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: France: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: France: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: United Kingdom: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: United Kingdom: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Italy: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Italy: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Spain: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Spain: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Russia: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Russia: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Latin America: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Latin America: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Brazil: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Brazil: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Mexico: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Mexico: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Middle East and Africa: Molecular Spectroscopy Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Middle East and Africa: Molecular Spectroscopy Market: Breakup by Country (in %), 2023
Figure 86: Middle East and Africa: Molecular Spectroscopy Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Global: Molecular Spectroscopy Industry: SWOT Analysis
Figure 88: Global: Molecular Spectroscopy Industry: Value Chain Analysis
Figure 89: Global: Molecular Spectroscopy Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Molecular Spectroscopy Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Molecular Spectroscopy Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Molecular Spectroscopy Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Molecular Spectroscopy Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Molecular Spectroscopy Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Molecular Spectroscopy Market: Competitive Structure
Table 7: Global: Molecular Spectroscopy Market: Key Players

Companies Mentioned

  • ABB Ltd.
  • Agilent Technologies Inc.
  • Bruker Corporation
  • Hitachi Ltd.
  • Horiba Ltd.
  • JASCO Inc.
  • JEOL Ltd.
  • Medtronic plc
  • Merck KGaA
  • PerkinElmer Inc.
  • Shimadzu Corporation
  • Thermo Fisher Scientific Inc.
  • VIAVI Solutions Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 6.8 Billion
Forecasted Market Value ( USD ) by 2032 $ 8.7 Billion
Compound Annual Growth Rate2.8%
Regions CoveredGlobal
No. of Companies Mentioned13

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