Over the years, the
molecular spectroscopy market, comprising instruments, consumables, and
services, has witnessed various technological advancements. These advancements
have led to a growth in the number of molecular spectroscopy applications.
Molecular spectroscopy is increasingly being used in drug discovery and
development, metabolomics and biomarkers research, and diagnostics. However, the
high cost of instruments and the need for skilled professionals to operate these
highly sophisticated systems are the factors that are hindering the growth of
The NMR Spectroscopy segment has the largest share in the molecular spectroscopy market, due to its wide usage in application areas including pharmaceuticals, biotechnology and biopharmaceuticals, food and beverage testing, environmental testing, and in research institutes. The pharmaceutical segment is the largest segment in the molecular spectroscopy application market. This can be attributed to the increasing necessity to improve drug safety and efficacy, along with significantly reducing costs associated to the drug discovery and development process.
In the years to come, the molecular spectroscopy market is expected to experience the highest growth in the Asian region, especially in China and India. These countries will serve as new revenue pockets for players in the molecular spectroscopy market. The high growth in these regions can be attributed to various factors such as the improved funding scenario and collaborations of key players with complimentary companies as well as academic research institutes. Furthermore, Brazil, Mexico, and the African region are projected to witness significant growth in the molecular spectroscopy market. The U.S. and Europe are mature molecular spectroscopy markets. New applications in diagnostics fields, applied markets, and technological advancements are expected to propel the demand in these regions. The RoW region includes Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace. However, the countries in these regions are increasing their focus on research, owing to which these regions can be considered as potential high-growth regions.
The global molecular spectroscopy market has high competitive intensity as there are many big and small firms with similar product offerings. These companies adopt various strategies (innovation, acquisitions, and geographic expansions) to increase their market shares and establish a strong foothold in the global market.
Reasons To Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
Table of Content:-
Introduction (Page No. - 17)
1.1 Objectives of The Study
1.2 Report Description
1.3 Markets Covered
1.5 Research Methodology
1.5.1 Secondary Research
1.5.2 Primary Research
18.104.22.168 Key Data Points From Primary Sources
1.5.3 Market Size Estimation Methodology
1.5.4 Market Forecast
1.5.5 Market Data Validation & Data Triangulation
2 Summary (Page No. - 31)
3 Market Overview (Page No. - 35)
3.2 Market Segmentation
3.3 Market Dynamics
22.214.171.124 New International GMP & GDP Certification For Pharmaceutical Excipients (North America & Europe): Excipact
126.96.36.199 Global Alliances Amongst Leading Research Institutes to Boost Drug Discovery
188.8.131.52 Growing Food Safety Concerns
184.108.40.206 Increasing Life Science R&D Spending
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