The global molecular spectroscopy market size reached US$ 6.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.
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.
2. What is the expected growth rate of the global molecular spectroscopy market during 2023-2028?
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?
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 publisher 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 2023-2028. 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 2022?2. What is the expected growth rate of the global molecular spectroscopy market during 2023-2028?
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 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Molecular Spectroscopy Market
6 Market Breakup by Product Type
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
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 Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 6.6 Billion |
| Forecasted Market Value ( USD | $ 8.3 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
