(2019 – 2024) Molecular Spectroscopy Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Molecular Spectroscopy Market is expected to grow at a CAGR of XX% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Molecular Spectroscopy market and main aspect about report- why should you buy this research report? so don’t miss it.
Molecular Spectroscopy Market Overview:
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 has been continuously increasing 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, which may raise the demand for laboratory and research equipment’s, such as molecular spectroscopy and other consumables. Hence, all these factors contribute to the increase of the market studied.
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List of Top Key-players/Leading Manufacturers of Molecular Spectroscopy Market:
Scope of the Molecular Spectroscopy Market Report:
Molecular spectroscopy is the qualitative and quantitative study of molecules by observing their interaction with various frequencies and energy. 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.
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Key Trends of Molecular Spectroscopy Market:
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 all 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 with 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 the application areas, including 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, 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. There are also many new developments seen in the NMR spectroscopy that is driving much-needed improvements in sensitivity and versatility, which are expanding the number of applications, and hence, increasing the market studied.
The United Kingdom to Witness the Highest Growth Rate in Europe Region
The increasing R&D and funding are driving the market studied in the United Kingdom. The UK researchers are investigating materials and molecular structures that may be able to take advantage of new and highly precise scientific instrumentation, which may be 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 form 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, but not in the United Kingdom, in terms of developing the applications. However, a 600 MHz DNP MAS NMR facility was proposed, which may cost around approximately EUR 2.1M, which may enable the UK users to develop their own application portfolio tailored to the specific requirements of DNP NMR.
Reasons to Purchase Molecular Spectroscopy Market Report:
- The report analyses how the stringent emission control norms will drive the global Molecular Spectroscopy market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Molecular Spectroscopy market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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