Molecular spectroscopy Market Share & Growth | Forecast 2031

Segments - Molecular Spectroscopy Market by Types of Spectroscopy (NMR Spectroscopy, Raman Spectroscopy, UV-visible Spectroscopy, Mass Spectroscopy, Infrared Spectroscopy, Near-infrared Spectroscopy, and Others), Applications (Pharmaceutical Applications, Food, and Beverage Testing, Biotechnology and Biopharmaceutical Applications, Environmental Testing, Academic Research, and Others), and Regions (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global molecular spectroscopy market size was around USD 6.3 Billion in 2020 and is projected to expand at a CAGR of 6.8% during the forecast period, 2021 – 2028. The growth of the market is attributed to rising affinity toward molecular technology, which is widely adopted across various industry verticals.

Molecular spectroscopy involves the interaction of electromagnetic radiation with materials in order to produce an absorption pattern from which structural or compositional information can be deduced. Electromagnetic radiation is divided into number of distinct regions that cover a range of energies, which corresponds to the molecular process.

Molecular Spectroscopy Market Key Takeaways

The molecular spectroscopy is the excitation of atoms and molecules by photons. Atoms and molecules excited from the ground state undergo resonant vibrations or electronic transitions, depending on the nature of the induced quantum mechanical changes. Molecular spectroscopy is used for studying the structures of atoms and molecules. The large number of wavelengths emitted makes it possible to investigate their structures in detail, which includes the electron configurations of ground and various excited states.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing emphasis on the discovery of newer molecules is excepted to boost the market growth.
Rising adoption of molecular spectroscopy in the pharmaceutical and biotechnology industries is anticipated to drive the market growth.
Rising penetration of MS technology in various applications is speculated to propel the molecular spectroscopy market growth.
The COVID-19 outbreak had a positive impact on the market as scientists are increasing the applications of Raman spectroscopy owing to growing requirement of COVID-19 testing across the globe.
High cost of molecular spectroscopy systems can hinder the market growth.
Raman spectroscopy is a strong analytical technique for drug discovery and pharmaceutical development, which can create lucrative opportunities for the molecular spectroscopy market.

Scope of the Report

The report on the global molecular spectroscopy market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Molecular spectroscopy market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types of Spectroscopy (NMR Spectroscopy, Raman Spectroscopy, UV-visible Spectroscopy, Mass Spectroscopy, Infrared Spectroscopy, Near-infrared Spectroscopy, and Others), Applications (Pharmaceutical Applications, Food, and Beverage Testing, Biotechnology and Biopharmaceutical Applications, Environmental Testing, Academic Research, and Others)
Regional Scope	North America, Latin America, Europe, Asia Pacific and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Thermo Fisher Scientific Inc., Agilent Technologies, Bruker Corporation, and Danaher Corporation, Horiba Ltd.

Molecular spectroscopy Market Segment Insights 422109

NMR spectroscopy segment to account a considerable market share

Based on types of spectroscopy, the market is divided into NMR spectroscopy, Raman spectroscopy, UV-visible spectroscopy, mass spectroscopy, infrared spectroscopy, near-infrared spectroscopy, and others. The NMR spectroscopy segment is anticipated to account for a considerable market share during the forecast period. Increasing use of this type of spectroscopy in quality control and research for determining the content, purity of a sample as well as molecular structure is driving the market segment growth. It requires less sample preparation as it is a non-destructive method, and also retains the molecules being examined. The COVID-19 outbreak has increased the demand for research and development activities by pharmaceutical companies, driving the growth of the market segment.

Pharmaceutical applications segment to account a major market share

Based on applications, the global molecular spectroscopy market is segmented into pharmaceutical applications, food, and beverage testing, biotechnology and biopharmaceutical applications, environmental testing, academic research, and others. The pharmaceutical applications segment is expected to hold a major market share due to the growing importance of molecular spectroscopy in various stages of drug development and rising R&D activities in the pharmaceutical industry.

Molecular Spectroscopy Market Applications

North America to dominant market

In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate market owing to increasing usage of molecular spectroscopy in the pharmaceutical sector, rising number of funding grants for environmental testing, growing concerns regarding food safety, and favorable government initiatives and policies.

Segments

The market global molecular spectroscopy has been segmented on the basis of

Types of Spectroscopy

NMR Spectroscopy
Raman Spectroscopy
UV-visible Spectroscopy
Mass Spectroscopy
Infrared Spectroscopy
Near-infrared Spectroscopy
Others

Applications

Pharmaceutical Applications
Food and Beverage Testing
Biotechnology and Biopharmaceutical Applications
Environmental Testing
Academic Research
Others

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Players

Agilent Technologies
Bruker Corporation
Danaher Corporation
Horiba Ltd

Competitive Landscape

Key players operating in the global molecular spectroscopy market includes Thermo Fisher Scientific Inc., Agilent Technologies, Bruker Corporation, and Danaher Corporation, Horiba Ltd.

Molecular Spectroscopy Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Molecular Spectroscopy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Molecular Spectroscopy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Molecular Spectroscopy Market - Supply Chain
  4.5. Global Molecular Spectroscopy Market Forecast
     4.5.1. Molecular Spectroscopy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Molecular Spectroscopy Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Molecular Spectroscopy Market Absolute $ Opportunity
5. Global Molecular Spectroscopy Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Molecular Spectroscopy Market Size and Volume Forecast by Applications
     5.3.1. Pharmaceutical Applications Food and Beverage Testing Biotechnology and Biopharmaceutical Applications Environmental Testing Academic Research Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Molecular Spectroscopy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Molecular Spectroscopy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Molecular Spectroscopy Demand Share Forecast, 2019-2026
7. North America Molecular Spectroscopy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Molecular Spectroscopy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Molecular Spectroscopy Market Size and Volume Forecast by Applications
     7.4.1. Pharmaceutical Applications Food and Beverage Testing Biotechnology and Biopharmaceutical Applications Environmental Testing Academic Research Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Molecular Spectroscopy Demand Share Forecast, 2019-2026
8. Latin America Molecular Spectroscopy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Molecular Spectroscopy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Molecular Spectroscopy Market Size and Volume Forecast by Applications
     8.4.1. Pharmaceutical Applications Food and Beverage Testing Biotechnology and Biopharmaceutical Applications Environmental Testing Academic Research Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Molecular Spectroscopy Demand Share Forecast, 2019-2026
9. Europe Molecular Spectroscopy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Molecular Spectroscopy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Molecular Spectroscopy Market Size and Volume Forecast by Applications
     9.4.1. Pharmaceutical Applications Food and Beverage Testing Biotechnology and Biopharmaceutical Applications Environmental Testing Academic Research Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Molecular Spectroscopy Demand Share Forecast, 2019-2026
10. Asia Pacific Molecular Spectroscopy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Molecular Spectroscopy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Molecular Spectroscopy Market Size and Volume Forecast by Applications
     10.4.1. Pharmaceutical Applications Food and Beverage Testing Biotechnology and Biopharmaceutical Applications Environmental Testing Academic Research Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Molecular Spectroscopy Demand Share Forecast, 2019-2026
11. Middle East & Africa Molecular Spectroscopy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Molecular Spectroscopy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Molecular Spectroscopy Market Size and Volume Forecast by Applications
     11.4.1. Pharmaceutical Applications Food and Beverage Testing Biotechnology and Biopharmaceutical Applications Environmental Testing Academic Research Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Molecular Spectroscopy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Molecular Spectroscopy Market: Market Share Analysis
  12.2. Molecular Spectroscopy Distributors and Customers
  12.3. Molecular Spectroscopy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Agilent Technologies Bruker Corporation Danaher Corporation Horiba Ltd