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The Molecular Spectroscopy Market is segmented by Type of Spectroscopy, Application (Pharmaceutical Applications, Food and Beverage Testing, Biotechnology and Biopharmaceutical Applications, Environmental Testing, Academic Research, and Other Applications), and Geography
Fastest Growing Market:
The molecular spectroscopy market is poised to grow at a CAGR of 7.0%, over the forecast period. The prime factors that are responsible for the growth of the market includes rapid adoption in the pharmaceutical industry, penetration of MS technology in various verticals, and increased emphasis for the discovery of newer molecules by pharmaceuticals.
Molecular spectroscopy is heavily used in the field of R&D of pharmaceutical and other biotechnology products. One of the molecular spectroscopy types used in R&D is near-infrared spectroscopy (NIR). In recent years, the NIR spectroscopy has gained a wide appreciation within the pharmaceutical industry for raw material testing, product quality control, and process monitoring.
The increasing pharmaceutical interest in NIR spectroscopy is probably a direct consequence of its major advantages over other analytical techniques, namely, an easy sample preparation without any pretreatments, the probability of separating the sample measurement position by use of fiber optic probes, and the expectation of chemical and physical sample parameters from one single spectrum. This rising affinity toward this technology has been widely adopted and has resulted in the growth of the market.
Molecular spectroscopy is a technology that is widely adopted across the different application sectors, including pharmaceuticals and many others. There have been continuous efforts in the pharmaceutical industry to undertake advanced research and development that is leading to increased adoption of various spectroscopy techniques, over the forecast period.
As per the scope of the report, molecular spectroscopy is the qualitative and quantitative study of molecules by observing their interaction with various frequencies and energy, and in another way, it is the study of absorption of light by molecules. It is analyzed by ultraviolet (UV) light, visible light, and infrared radiations using an instrument called a spectrometer
|By Type of Spectroscopy|
|Other Types of Spectroscopy|
|Food and Beverage Testing|
|Biotechnology and Biopharmaceutical Applications|
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Nuclear magnetic resonance spectroscopy, most commonly known as NMR spectroscopy or magnetic resonance spectroscopy (MRS), is a spectroscopic technique that is used to observe local magnetic fields around atomic nuclei. Over the past fifty years, NMR spectroscopy has become the leading technique for determining the structure of organic compounds. Of the spectroscopic methods, it is the only one, for which a complete analysis and interpretation of the entire spectrum is normally expected.
NMR spectroscopy accounts for a bigger share in the molecular spectroscopy market, due to its wide usage in application areas, like pharmaceuticals, biotechnology and biopharmaceuticals, food and beverage testing, environmental testing, and in research institutes. NMR techniques are also being used successfully in various food systems for quality control and research.
In addition, there are many new developments seen in the NMR spectroscopy that are driving much-needed improvements in sensitivity and versatility. This will lead to the expansion of the number of applications of the technique, and hence, growth in the market studied.
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North America is found leading the huge market share mainly due to increased usage of molecular spectroscopy in the pharmaceutical sector, increased funding for environmental testing, rising concerns about food safety and favourable government initiatives and policies.
Europe is also showing an exponential growth mainly due to factors like growing food safety importance, increase in R&D funding, huge growth of pharmaceutical & biotechnological industries and increasing investment in research.
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The market for molecular spectroscopy is moderately competitive. With the growing applications of molecular spectroscopy, new players are looking forward to entering the market. In terms of the market share, few companies, such as Thermofisher Scientific, Inc, Agilent, Bruker, and Danaher, have better records from the past few years.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapid Adoption in Pharmaceutical Industry
4.2.2 Penetration of MS Technology in Various Verticals
4.2.3 Increased Emphasis for Discovery of Newer Molecules by Pharmaceuticals
4.3 Market Restraints
4.3.1 High Cost of Maintenance and Installation Charges
4.3.2 Need of Technically Skilled Personnel
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Spectroscopy
5.1.1 NMR Spectroscopy
5.1.2 Raman Spectroscopy
5.1.3 UV-visible Spectroscopy
5.1.4 Mass Spectroscopy
5.1.5 Infrared Spectroscopy
5.1.6 Near-infrared Spectroscopy
5.1.7 Other Types of Spectroscopy
5.2 By Application
5.2.1 Pharmaceutical Applications
5.2.2 Food and Beverage Testing
5.2.3 Biotechnology and Biopharmaceutical Applications
5.2.4 Environmental Testing
5.2.5 Academic Research
5.2.6 Other Applications
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.3 Asia - Pacific
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Middle East and Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East and Africa
5.3.5 South America
220.127.116.11 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Agilent Technologies
6.1.2 Bruker Corporation
6.1.3 Danaher Corporation
6.1.4 Jasco Inc.
6.1.5 Jeol Inc.
6.1.6 Horiba Ltd
6.1.8 Shimadzu Corporation
6.1.9 Thermo Fischer Scientific Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments