Global Molecular Spectroscopy Market expected to reach worth USD 6,443.5 million by 2024 | Top Players, Industry, Trends, CAGR, Growth

Global Molecular Spectroscopy Market report includes historic data, present market trends And End User Demand, environment, technological innovation, upcoming technologies and the technical progress in the Healthcare industry. Global Molecular Spectroscopy Market report also gives an analysis of top players and new comers in industry, competitive landscape, sales, price, revenue, gross margin, market share, market risks, opportunities, market barriers, and challenges. Pharmaceuticals industry can be highly benefited with this Global Molecular Spectroscopy Market research report which brings market and competitive landscape clearly into the focus and help make better decisions.Global Molecular Spectroscopy Market research report is a very important component of the business strategy. This report contains important information that helps identify and analyze market needs, market size, and Molecular Spectroscopy industry competition. When the report goes hand in hand with the right tools and technology, it helps address a number of uncertain business challenges. One of the key factors used in maintaining competitiveness over competitors is this market research report.

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The Global Molecular Spectroscopy Market is expected to reach USD 6,443.5 million by 2024, from USD 3,959.8 million in 2016, growing at a CAGR of 6.3% in the forecast period.

The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024…

The major factors driving the growth of this market are the new international GMP & GDP certification for pharmaceutical excipients (North America & Europe),global alliances amongst leading research institutes to boost drug discovery,growing food safety concerns,increasing life science R&D spending, and technological advancements.

Global Molecular Spectroscopy Market Segmentation:

The global molecular spectroscopy market is segmented on the basis of technology, type,application, and geography.Based on technology, the global molecular spectroscopy market is segmented into nuclear magnetic resonance (NMR) spectroscopy, UV visible spectroscopy, infrared (IR) spectroscopy, near infrared spectroscopy (NIR), Raman spectroscopy and others. In 2016, NMR spectroscopy dominated the market with a share of 36.4% and is expected to domination in the forecast period 2017 to 2024.

The NMR spectroscopy is further segmented into Fourier Transform (FT-NMR), continuous wave, and solid state spectroscopy. UV visible spectroscopy is further segmented into single beam, double beam,array based and handheld spectroscopy. The handheld IR spectroscopy segment is expected to grow at the highest CAGR among the UV-visible spectroscopy segments in the forecast period 2017 to 2024. IR spectroscopy is segmented based on spectrum into mid wave, short wave and far wave IR spectroscopy. Far wave IR spectroscopy segment is expected to grow at the highest CAGR in the forecast period 2017-2024.

  • Based on product types, the IR spectroscopy market is segmented into bench top, infrared microscopy, portable,hyphenated and terahertz IR spectroscopy. Terahertz IR spectroscopy is the highest growing market segment.
  • The NIR spectroscopy is again further categorized into scanning, Fourier transform, portable/handheld and filter NIR spectroscopy. Based on product type, Raman spectroscopy is further segmented into micro Raman, probe based and FT Raman.
  • On the basis of application, the global molecular spectroscopy market is classified into pharmaceutical, food and beverages, environmental testing, biotechnology, academics and research and, others. Pharmaceuticals hold the majority in this and food and beverages segment is expected to grow with the highest CAGR in the forecast period 2017 to 2024.

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Report Range:

  1. The report offers market share appraisals for regional and global levels
  2. To gain detailed overview of parent market
  3. Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
  4. The study provides an in-depth analysis of the market and current & future trends to elucidate imminent investment pockets.
  5. Identify growth segments and opportunities in the industry

Global Molecular Spectroscopy Market Key Drivers:

The major factors driving the growth of this market are the new international GMP & GDP certification for pharmaceutical excipients (North America & Europe), global alliances amongst leading research institutes to boost drug discovery, growing food safety concerns, increasing life science R&D spending, and technological advancements.

  • Infrared spectroscopy is revolving around two technological advantages, primarily a better approach between image formation and optics, which will enable a diffraction free image sample of the entire spectrum.
  • Many companies are increasingly focusing on terahertz IR spectroscopy and handheld IR spectroscopy in order to strengthen their product portfolios in the molecular spectroscopy market.
  • Development in the field of Raman spectroscopy is changing the trend for the administration of injections in the healthcare sector.

Global Molecular Spectroscopy Market Key Points:

Brukeris going to dominate the molecular spectroscopy market followed by Thermofisher Scientific, Inc. and, Agilent Technologies along with others such as ABB, Avantes, Block Engineering, Carl Zeiss Spectroscopy GmbH, Cobalt Light Systems Ltd, Galaxy Scientific, Gasera, Ibsen Photonics, Industrial Test Systems, Inc., Kaiser Optical Systems, Inc., Keit Spectrometers, Magritek, EMD Millipore Corporation, PerkinElmer Inc., Raptor Photonics PLC, Shimadzu Corporation, Spectral Evolution, Viavi Solutions, WITec GmbH, B&W Tek, StellarNet, Si-WareSystems, Foss, Jasco, Inc. and, Jeol Ltd. among others.

  • Far wave IR spectroscopy segment is expected to grow at the highest.
  • Globally,terahertz IR spectroscopy is driving the market with highest market share. However, wearable injector is growing with highest CAGR.
  • Micro Raman spectroscopy is dominating the molecular spectroscopy market.

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