North America Molecular Spectroscopy Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Product (Instrument and Accessories), Technology (UV-Visible Spectroscopy, Infrared Spectroscopy, Nuclear Magnetic Resonance Spectroscopy, Raman Spectroscopy, Near-Infrared Spectroscopy, and Others), and Application (Academic and Research Applications, Biotechnology Applications, Pharmaceutical Applications, and Others)


No. of Pages: 117    |    Report Code: BMIRE00030688    |    Category: Life Sciences

North America Molecular Spectroscopy Market
Buy Now

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)

Get more information on this report

North America Molecular Spectroscopy Strategic Insights

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.

strategic-framework/north-america-molecular-spectroscopy-market-strategic-framework.webp
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
  • Instrument and Accessories
By Technology
  • UV-Visible Spectroscopy
  • Infrared Spectroscopy
  • Nuclear Magnetic Resonance Spectroscopy
  • Raman Spectroscopy
  • Near-Infrared Spectroscopy
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Horiba Ltd
  • Thermo Fisher Scientific Inc
  • Merck KGaA
  • Revvity Inc
  • Ostec Instruments
  • JEOL Ltd
  • Shimadzu Corp
  • JASCO Corp
  • Bruker Corp
  • Agilent Technologies, Inc.
  • Get more information on this report

    North America Molecular Spectroscopy Regional Insights

    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.

    geography/north-america-molecular-spectroscopy-market-geography.webp
    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.

    The List of Companies - 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

    Frequently Asked Questions
    How big is the North America Molecular Spectroscopy Market?

    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.

    What is the CAGR for North America Molecular Spectroscopy Market by (2022 - 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.

    What segments are covered in this report?

    The North America Molecular Spectroscopy Market report typically cover these key segments-

    • Product (Instrument and Accessories)
    • Technology (UV-Visible Spectroscopy, Infrared Spectroscopy, Nuclear Magnetic Resonance Spectroscopy, Raman Spectroscopy, Near-Infrared Spectroscopy)

    What is the historic period, base year, and forecast period taken for North America Molecular Spectroscopy Market?

    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:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in North America Molecular Spectroscopy Market?

    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:

  • 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
  • Teledyne Princeton Instruments
  • Who should buy this report?

    The North America Molecular Spectroscopy Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    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.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now
    north-america-molecular-spectroscopy-market