The global circular dichroism (CD) spectrometers market size was valued at 167.75 million USD in 2020, expanding at a CAGR of 2.02% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing popularity of biological drugs.
The circular dichroism spectrometer (CD spectrometer) is an analytical tool for determining the molecular structure and chiral activity of organic compounds. It's commonly used to research biomolecules including proteins, DNA, and DNA peptide conjugates. Organic molecules, such as sheets and helixes in proteins, have varying tendencies toward absorption of right-handed and left-handed polarized light, depending on their chemical structure. The use of CD spectrometers in biopharmaceutical R&D processes has increased as a result of these modalities.
The Covid-19 pandemic affected the demand and supply of circular dichroism spectrometer. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising popularity of biological drugs is anticipated to propel the market during the forecast period.
- Increasing investments in the instruments by the private and government efforts are strengthening the market expansion in the coming years.
- High maintenance cost of research laboratories and the sophisticated infrastructure are expected to restrict the market growth.
- Lack of skilled labor and use of analytical instruments in research laboratory act as main challenges that may hamper the market expansion in the coming years.
- Research and development and technological advancement in dichroism market are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the global Circular Dichroism (CD) Spectrometers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Circular Dichroism (CD) Spectrometers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Category (Linearly Polarized Light Sources, Circularly Polarized Sources, and Multiple Light Sources) and Application (Pharmaceutical Industry, Government, Private Research Organizations, and Contract Research Organizations)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bruker, Oils, Bio-Logic, JASCO, Aviv Biomedical, and Applied Photophysics
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Market Segment Insights
The circularly polarized sources is projected to hold a major market share
In terms of category, the global circular dichroism (CD) spectrometers market is segregated into linearly polarized light sources, circularly polarized sources, and multiple light sources. The circularly polarized sources are expected to hold a key share of the market in the coming years. CD spectrometers with various light sources make it easy to vary between spectral wavelengths, research types, and study criteria in a shorter amount of time.
The government and private research organization is expected to grow at a rapid pace
On the basis of applications, the market is segregated into pharmaceutical industry, government, private research organizations, and contract research organizations. The government and private research groups have long been at the forefront of the circular dichroism spectrometer market and application development. Researchers from the public and private sectors are developing to produce reference data for circular dichroism of diverse biomolecules, which is likely to encourage future researchers to pursue circular dichroism spectroscopy as a career path. The increased investment and funding in the instruments by various sources are the primary reasons driving the segment growth.
The funding supports universities' research capacity and infrastructure, allowing them to invest strategically and profitably in order to develop and support excellent researchers, discover new inquisitiveness-driven research, and leverage funding from other sources while responding to emerging primacies.
North America is anticipated to dominate the market
In terms of regions, the global circular dichroism (CD) spectrometers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is likely to lead the worldwide circular dichroism spectrometers market, owing to the presence of significant companies, growth in per capita healthcare expenditures, and increased investment by the region's market participants. Furthermore, people are becoming more aware of the advantages of biological medications over chemical formulations. North America's market share is subsidized by increased acceptance of biological pharmaceuticals in the US, rise in the number of approvals, and expenditures in circular dichroism spectroscopy investigations.
Segments
Segments Covered in the Report
The global Circular Dichroism (CD) Spectrometers market has been segmented on the basis of
Category
- Linearly Polarized Light Sources
- Circularly Polarized Sources
- Multiple Light Sources
Applications
- Pharmaceutical Industry
- Government
- Private Research Organizations
- Contract Research Organizations
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Bruker
- Oils
- Bio-Logic
- JASCO
- Aviv Biomedical
- Applied Photophysics
Competitive Landscape
Key players competing in the global circular dichroism (cd) spectrometers market include Bruker, Oils, Bio-Logic, JASCO, Aviv Biomedical, and Applied Photophysics.
Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.