Molecular Spectroscopy Market - Growth, Trends, and Forecast (2019 - 2024)

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

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.0%

Key Players:

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Market Overview

The molecular spectroscopy market is poised to grow at a CAGR of 7.0%, over the forecast period, 2019-2024. The prime factors that are responsible for the growth of the market include 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.
  • There has also been an increase in the number of testing and research facilities, particularly in the field of pharmaceuticals. This will lead to the rise in the demand for laboratory and research equipment, such as molecular spectroscopy and other consumables. Hence, all these factors contribute to the increase of the market studied.

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
NMR Spectroscopy
Raman Spectroscopy
UV-visible Spectroscopy
Mass Spectroscopy
Infrared Spectroscopy
Near-infrared Spectroscopy
Other Types of Spectroscopy
By Application
Pharmaceutical Applications
Food and Beverage Testing
Biotechnology and Biopharmaceutical Applications
Environmental Testing
Academic Research
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia - Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

NMR Spectroscopy is Expected to Show Highest Growth Over the Forecast Period

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.

  • This has also been found to be non-destructive and is analyzed with the help of modern instruments. Good data may be obtained from samples weighing less than a milligram.
  • 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.
  • NMR spectroscopy is used to determine the structure of proteins, amino acids profile, carotenoids, organic acids, lipid fractions, and the mobility of the water in foods. It is also used to identify and quantify metabolites in foods.
  • In addition, the NMR spectroscopy is increasingly being used in biochemical and biological application areas, including hit and lead discovery, metabolite profiling, and in vivo spectroscopy (MRS) and imaging (MRI). Thus, this highlights the key areas in this rich array of pharmaceutical applications of NMR spectroscopy. 
  • The many new developments seen in the NMR spectroscopy 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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The United Kingdom to Witness the Highest Growth Rate among European Countries

  • The increasing R&D and funding are driving the market studied in the United Kingdom. 
  • The UK researchers investigating materials and molecular structures may be able to take advantage of new and highly precise scientific instrumentation, operating in eight UK universities, with a EUR 20 million investment in NMR equipment.
  •  This investment on very-high and ultra-high field Nuclear Magnetic Resonance (NMR) spectroscopy was announced by the EPSRC on behalf of three other research councils, the Biotechnology and Biosciences Research Council (BBSRC), Medical Research Council (MRC), and Natural Environment Research Council (NERC), which have supported the funding and also forms part of UK Research and Innovation (UKRI), a non-departmental public body funded by a grant-in-aid from the UK government.
  • It has also been found that the United Kingdom has also currently fallen behind the rapid Dynamic nuclear polarization (DNP) NMR spectroscopy developments that have taken place in other European countries, in terms of developing the applications.
  • The proposed 600 MHz DNP MAS NMR facility, which may cost around approximately EUR 2.1 million, would enable UK users to develop their own application portfolio tailored to the specific requirements of DNP NMR.
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Competitive Landscape

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.

Major Players

  1. Danaher Corporation
  2. Agilent Technologies
  3. Bruker Corporation
  4. Horiba Ltd
  5. Thermo Fisher Scientific

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rapid Adoption in Pharmaceutical Industry

      2. 4.2.2 Penetration of MS Technology in Various Verticals

      3. 4.2.3 Increased Emphasis for Discovery of Newer Molecules by Pharmaceuticals

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Maintenance and Installation Charges

      2. 4.3.2 Need of Technically Skilled Personnel

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Spectroscopy

      1. 5.1.1 NMR Spectroscopy

      2. 5.1.2 Raman Spectroscopy

      3. 5.1.3 UV-visible Spectroscopy

      4. 5.1.4 Mass Spectroscopy

      5. 5.1.5 Infrared Spectroscopy

      6. 5.1.6 Near-infrared Spectroscopy

      7. 5.1.7 Other Types of Spectroscopy

    2. 5.2 By Application

      1. 5.2.1 Pharmaceutical Applications

      2. 5.2.2 Food and Beverage Testing

      3. 5.2.3 Biotechnology and Biopharmaceutical Applications

      4. 5.2.4 Environmental Testing

      5. 5.2.5 Academic Research

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia - Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Agilent Technologies

      2. 6.1.2 Bruker Corporation

      3. 6.1.3 Danaher Corporation

      4. 6.1.4 Jasco Inc.

      5. 6.1.5 Jeol Inc.

      6. 6.1.6 Horiba Ltd

      7. 6.1.7 PerkinElmer

      8. 6.1.8 Shimadzu Corporation

      9. 6.1.9 Thermo Fischer Scientific Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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