Worldwide Molecular Spectroscopy Industry to 2027 – Featuring ABB, Bruker and PerkinElmer Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Molecular Spectroscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global molecular spectroscopy market reached a value of US$ 6.25 billion in 2021. Looking forward, the market is projected to reach a value of US$ 8.23 billion by 2027, exhibiting a CAGR of 4.50% during 2022-2027.
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
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
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.
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 Questions Answered in This Report
- How has the global molecular spectroscopy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global molecular spectroscopy market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global molecular spectroscopy market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and 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
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/zhdahb
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