Europe Molecular Spectroscopy Market, By Technology (Nuclear Magnetic Resonance Spectroscopy, UV-Visible Spectroscopy, Infrared Spectroscopy, Near-Infrared Spectroscopy, Colour Measurement Spectroscopy, Raman Spectroscopy and Other Technologies), Application (Pharmaceutical Applications, Food and Beverage Testing, Biotechnology and Biopharmaceutical Applications, Environmental Testing, Academic Research and Other Applications), Country (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia and Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Molecular Spectroscopy Market
Data Bridge Market Research analyses that the molecular spectroscopy market will exhibit a CAGR of around 7.10% for the forecast period of 2022-2029. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing demand for hyper-sophisticated analytical instruments by various global research organizations and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of molecular spectroscopy market.
Spectroscopy is an area of science related advanced analytical technology that is used in a wide range of fields for measuring spectrum response of molecules interacting with several frequencies. Molecular spectroscopy involves dealing with the interaction of electromagnetic radiation with various materials to create an absorption pattern.
Upsurge in the research and development proficiencies by the life sciences industry is one of the major factors fostering the growth of the market. Growth in the adoption of molecular spectroscopy across the pharmaceutical and biotechnology sectors and rising application of molecular spectroscopy in environmental screening are other market growth determinants. Rising westernization and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies will further pose challenges for the market. Dearth of skilled professionals and lack of awareness in the backward economies will also hamper the market growth rate.
This molecular spectroscopy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on molecular spectroscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Molecular Spectroscopy Market Scope and Market Size
The molecular spectroscopy market is segmented on the basis of technology and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on technology, the molecular spectroscopy market is segmented into nuclear magnetic resonance spectroscopy, UV-visible spectroscopy, infrared spectroscopy, near-infrared spectroscopy, colour measurement spectroscopy, Raman spectroscopy and other technologies. Nuclear magnetic resonance spectroscopy segment is sub-segmented into Fourier-transform NMR spectroscopy, continuous-wave NMR spectroscopy and solid-state NMR spectroscopy. UV-visible spectroscopy segment is sub-segmented into single-beam UV-visible spectroscopy, dual-beam UV-visible spectroscopy and array-based UV-visible spectroscopy. Infrared spectroscopy segment is sub-segmented into spectrum and type. Spectrum segment is further bifurcated into mid-wave infrared spectroscopy, short-wave infrared spectroscopy and far-wave infrared spectroscopy. Type segment is further bifurcated into bench top, infrared microscopy, portable and handheld, hyphenated and terahertz. Near-infrared spectroscopy segment is sub-segmented into scanning near-infrared spectroscopy, Fourier-transform near-infrared spectroscopy and filter nir spectroscopy/acoustic-optical tuneable filter-nir spectroscopy. Raman soectroscopy segment is sub-segmented into sampling technique and type. Sampling technique segment is further bifurcated into surface-enhanced Raman scattering, tip-enhanced Raman scattering and other Raman spectroscopy techniques. Type segment is further bifurcated into micro-Raman spectroscopy, probe-based Raman spectroscopy and FT-Raman spectroscopy.
- Based on application, the molecular spectroscopy market is segmented into pharmaceutical applications, food and beverage testing, biotechnology and biopharmaceutical applications, environmental testing, academic research and other applications.
Molecular Spectroscopy Market Country Level Analysis
The molecular spectroscopy market is analysed and market size insights and trends are provided by country, technology and application as referenced above.
The countries covered in the molecular spectroscopy market report are Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia and Rest of Europe.
Germany dominates the Europe molecular spectroscopy market owing to the presence of advanced healthcare systems. Further, technological advancements in molecular spectroscopy to be used in various applications are supported by the government through various incentives and investments which is propelling the growth in the country.
The country section of the molecular spectroscopy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The molecular spectroscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for charge-coupled device (CCD) imagers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the molecular spectroscopy market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Molecular Spectroscopy Market Share Analysis
The molecular spectroscopy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to molecular spectroscopy market.
Some of the major players operating in the molecular spectroscopy market report are Thermo Fisher Scientific, Inc., Merck KGaA, PerkinElmer Inc., ABB, Agilent Technologies, Inc., Bruker, HORIBA, Ltd., Shimadzu Corporation, JEOL Ltd., and JASCO among others.
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