“Global Molecular Spectroscopy Market,” -By Type (Nuclear Magnetic Resonance (Continuous Wave, Fourier Transform, Solid State), UV-Vis, Infrared (IR), Near Infrared (NIR), Colour Spectroscopy, Raman Spectroscopy, Others)
By Applications (Pharmaceuticals, Biotech, Food and Beverages, Environmental Testing, Academics, Others)
By Geography (North America, South America, Europe, Asia-Pacific, Rest of the World) – Trends and Forecast to 2022”, has accounted for USD 4.9 billion in 2015, and is expected to reach USD 7.6 billion by 2022, growing at a CAGR 6.3% during the forecast period 2016 to 2022.
• The data points covered in the scope of the report is a geographical analysis of molecular spectroscopy in terms of market value USD million, market volume in units sold and average selling price in USD forecasted to 2022.
• The global molecular spectroscopy is experiencing a shift in technology from collecting full spectral images which contain redundant information, to measuring a few required spectrums. This has drastically increased throughput efficiency along with better signal-to-noise ratio and image quality. The acceptance of infrared (IR) and Raman spectroscopy is significantly emerging in many applications where knowledge of the spatial distribution of chemical constituents is required, such as biomedical research, polymers, forensics, and agricultural analysis.
• Recent trends in Infrared spectroscopy is revolving around two technological advantages, primarily a better approach between image formation and optics, which will enable a diffraction free image sample of the entire spectrum. Secondly the source of light used in IR spectroscopy, should be a narrow bandwidth light, with highly tunable quantum cascade lasers. These features will affect the pricing, throughput efficiency, better image quality and others advancements in the global molecular spectroscopy market.
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Molecular Spectroscopy Market – Market Segmentation:
• The global molecular spectroscopy market is segmented based on technology and application segments.
• Based on technology the global molecular spectroscopy market is segmented into nuclear magnetic resonance (NMR) spectroscopy, UV visible spectroscopy, infrared (IR) spectroscopy, near infrared spectroscopy (NIR), colour measurement spectroscopy, Raman spectroscopy and others. In 2015, NMR spectroscopy dominated the market with a share of 30.4% and is expected to continue its dominations in 2022 with 31.0% market share.
• The NMR spectroscopy is further segmented into fourier transform, continuous wave and, solid state spectroscopy. UV visible spectroscopy is further segmented into single beam, dual beam, array based and handheld spectroscopy. IR spectroscopy is segmented based on technology into mid wave, short wave and far wave IR spectroscopy.
• Based on product types the IR spectroscopy market is segmented into benchtop, microscopy, portable, hyphenated and terahertz IR spectroscopy. The NIR spectroscopy is again further categorized into scanning, fourier transform, portable/handheld and filter NIR spectroscopy. Raman spectroscopy is expected to grow at the highest CAGR of 10.3% in the forecast period 2016 to 2022. Raman spectroscopy is further segmented based on product type into surface enhancing Raman spectroscopy, tip enhanced Raman spectroscopy among others. Based on technology Raman spectroscopy is further segmented into micro Raman, probe based and FT-Raman.
• On the basis of application the global molecular spectroscopy market is classified into pharmaceutical, food and beverages, environmental testing, biotech, Academics and, others. Pharmaceuticals hold the majority in this market with 37.7% market share in 2015. The biotech segment is expected to grow with the highest CAGR of 7.9% in the forecast period 2016 to 2022. Owing to recent patent cliff, the biopharmaceutical industry is focusing upon biosimilar, this requires cell culture medium for cell line development, NMR spectroscopy is used to detect impurities in growth in cell culture medium.
Molecular Spectroscopy Market – Geographical Segmentation
• Based on geography the molecular spectroscopy market report covers data points for 52 countries across multiple geographies namely North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. North America is expected to dominate the market with 47.8% market share followed by Europe.
• The dominance of North America is owing to increasing metabolomics research, and large investments in healthcare. Asia-Pacific is expected to grow at the highest CAGR owing to large pharmaceutical companies are outsourcing their manufacturing to emerging markets such as China and India.
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Molecular Spectroscopy Market – Competitive Landscape:
The molecular spectroscopy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments are: In February 2014, Thermofisher Scientific, Inc. acquired Life Technology Inc., Shimadzu launched its new ICPMS-2030 spectrometer for elemental impurity analysis in pharmaceutical products among others. The report includes market shares of molecular spectroscopy market for global, Europe, North America, Asia Pacific and Rest of the World.
Some of the major players operating in the global molecular spectroscopy market are-
1. ABB,
2. Agilent Technologies,
3. Avantes,
4. Block Engineering,
5. Bruker Corporation,
6. Carl Zeiss Spectroscopy GmbH,
7. Cobalt Light Systems Ltd,
8. Galaxy Scientific,
9. Gasera, Ibsen Photonics,
10. Industrial Test Systems,
11. Inc.,
12. Kaiser Optical Systems,
13. Keit Spectrometers,
14. Magritek,
15. EMD Millipore Corporation,
16. PerkinElmer Inc.,
17. Raptor Photonics PLC,
18. Shimadzu Corporation,
19. Spectral Evolution, Thermo Fisher Scientific,
20. Viavi Solutions,
21. WITec GmbH, B&W Tek,
22. StellarNet,
23. Si-WareSystems, Foss,
24. Jasco,
25. Inc. and, Jeol Ltd. among others.
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