North America Molecular Spectroscopy Market
No. of Pages: 117 | Report Code: BMIRE00030688 | Category: Life Sciences
No. of Pages: 117 | Report Code: BMIRE00030688 | Category: Life Sciences
The North America molecular spectroscopy market was valued at US$ 1,568.61 million in 2022 and is expected to reach US$ 2,332.87 million by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030. Growing Adoption and Use of Molecular Spectroscopy Fuels North America Molecular Spectroscopy Market
Molecular spectroscopy is used in the research and development (R&D) of pharmaceuticals and other biotechnological products. Near-infrared (NIR) spectroscopy is one of the types of molecular spectroscopy that has gained wide recognition in the pharmaceutical industry in recent years due to its huge advantages over other analysis techniques; it helps in effortless sample preparation and exhibits the ability to obtain chemical and physical sample parameters from a single spectrum. Raman spectroscopy is also one of the powerful analytical techniques implemented in drug discovery and pharmaceutical development. It is used to study structural activity relationships and improve reaction conditions and other parameters, such as polymorph and formulation screening, that lead to the scale required to move drug compounds from discovery to development. Further, nuclear magnetic resonance (NMR) spectroscopy is considered a robust tool, and the use of this technique for developing novel therapeutics has increased. In March 2021, Bruker Corp. announced the launch of a permanent magnet Fourier 80 system, a next-generation, 80 MHz high-performance Fourier transform NMR benchtop spectrometer used for multinuclear gradient spectroscopy with industry-standard automation options.North America Molecular Spectroscopy Market Overview
The North America molecular spectroscopy market is segmented into the US, Canada, and Mexico. The market growth in this region is driven by the increasing number of product launches by biotechnology and biopharmaceutical companies and the presence of key market players. In addition, extensive R&D by various pharmaceutical and biotechnology companies and academic & research institutes is expected to stimulate the molecular spectroscopy market growth in North America. The US is the largest contributor to the molecular spectroscopy market in North America.
North America Molecular Spectroscopy Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Molecular Spectroscopy provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Molecular Spectroscopy refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report North America Molecular Spectroscopy Strategic Insights
Get more information on this report North America Molecular Spectroscopy Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,568.61 Million
Market Size by 2030
US$ 2,332.87 Million
Global CAGR (2022 - 2030)
5.1%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Product
By Technology
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Molecular Spectroscopy Regional Insights
Get more information on this report North America Molecular Spectroscopy Market Segmentation
The North America molecular spectroscopy market is segmented into product, technology, application, and country.
Based on product, the North America molecular spectroscopy market is bifurcated into instrument and accessories. The instrument segment held a larger market share in 2022.
In terms of technology, the North America molecular spectroscopy market is categorized into UV-Visible spectroscopy, infrared spectroscopy, nuclear magnetic resonance spectroscopy, Raman spectroscopy, Near-infrared spectroscopy, and others. The UV-Visible spectroscopy segment held the largest market share in 2022.
By application, the North America molecular spectroscopy market is segmented into academic and research applications, biotechnology applications, pharmaceutical applications, and others. The academic and research applications segment held the largest market share in 2022.
Based on country, the North America molecular spectroscopy market is segmented into the US, Canada, and Mexico. The US dominated the North America molecular spectroscopy market share in 2022.
Horiba Ltd, Thermo Fisher Scientific Inc, Merck KGaA, Revvity Inc, Ostec Instruments, JEOL Ltd, Shimadzu Corp, JASCO Corp, Bruker Corp, Agilent Technologies, Inc., Oxfords Instruments plc, and Teledyne Princeton Instruments are some of the leading companies operating in the North America molecular spectroscopy market.
1. Horiba Ltd
2. Thermo Fisher Scientific Inc
3. Merck KGaA
4. Revvity Inc
5. Ostec Instruments
6. JEOL Ltd
7. Shimadzu Corp
8. JASCO Corp
9. Bruker Corp
10. Agilent Technologies, Inc.
11. Oxfords Instruments plc
12. Teledyne Princeton Instruments
The North America Molecular Spectroscopy Market is valued at US$ 1,568.61 Million in 2022, it is projected to reach US$ 2,332.87 Million by 2030.
As per our report North America Molecular Spectroscopy Market, the market size is valued at US$ 1,568.61 Million in 2022, projecting it to reach US$ 2,332.87 Million by 2030. This translates to a CAGR of approximately 5.1% during the forecast period.
The North America Molecular Spectroscopy Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Molecular Spectroscopy Market report:
The North America Molecular Spectroscopy Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Molecular Spectroscopy Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Molecular Spectroscopy Market value chain can benefit from the information contained in a comprehensive market report.
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