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Global Molecular Spectroscopy Market 2022: Industry Overview, Key Trends, Outlook, Size, Share and Forecast to 2027

The latest research study “Global Molecular Spectroscopy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global molecular spectroscopy market reached a value of US$ 6.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.23 Billion by 2027, exhibiting a CAGR of 4.50% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

Molecular spectroscopy is a subject of quantum physics that studies the quantitative and qualitative characteristics of molecules via dispersion and interaction of electromagnetic radiations with numerous frequencies and energies. It aids in producing an absorption pattern or spectrum to deduce compositional or structural information. As such, molecular spectroscopy is extensively used in environmental testing, biotechnology, academic research, and food and beverage (F&B) assessments. Presently, it is available in various technology types, including nuclear magnetic resonance (NMR), ultraviolet (UV)-visible, mass, infrared, near-infrared, Raman, etc.

Global Molecular Spectroscopy Market Trends and Drivers: 

The increasing demand for this technology for introducing several efficient and accurate hybrid imaging systems, such as positron emitted tomography (PET) and computed tomography (CT) devices, is primarily driving the molecular spectroscopy market growth. Moreover, the elevating adoption of molecular spectroscopy in the pharmaceutical sector to discover new molecules is further catalyzing the market growth. In addition to this, the rising environmental consciousness among consumers is propelling the usage of molecular spectroscopy techniques in environmental screening, treating wastewater, and evaluating polycyclic aromatic hydrocarbons (PAH) levels to monitor the depletion of natural resources, which is acting as another significant growth-inducing factor. Furthermore, the inflating usage of NMR spectroscopy for implementing quality control, assessing content purity, and studying the molecular structure of organic compounds is anticipated to fuel the molecular spectroscopy market over the forecasted period.

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Molecular Spectroscopy Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 6.25 Billion
Market forecast in 2027 US$ 8.23 Billion
Growth Rate CAGR of 4.50% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product Type, Technology, Application and Region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled ABB Ltd., Agilent Technologies Inc., Bruker Corporation, Hitachi Ltd., Horiba Ltd., JASCO Inc., JEOL Ltd., Medtronic plc, Merck KGaA, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc. and VIAVI Solutions Inc.
Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:

  • Consumables
  • Instruments

Breakup by Technology:

  • NMR Spectroscopy
  • Raman Spectroscopy
  • UV-Visible Spectroscopy
  • Mass Spectroscopy
  • Infrared Spectroscopy
  • Near-Infrared Spectroscopy
  • Others

Breakup by Application:

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

By Geography:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

List of Major Key Players:

The major players in the market are ABB Ltd., Agilent Technologies Inc., Bruker Corporation, Hitachi Ltd., Horiba Ltd., JASCO Inc., JEOL Ltd., Medtronic plc, Merck KGaA, PerkinElmer Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc. and VIAVI Solutions Inc.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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