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Global Molecular Spectroscopy Market to reach USD 6443.5 million at a CAGR of 6.3% Forecast period 2024

Global Molecular Spectroscopy Market 

Data Bridge Market Research recently added “Global Molecular Spectroscopy Market by manufacturers, regions, type and application, forecast to 2023” in his database. This research report focus on complete assessment of market and contains future trend, growth factors, attentive opinions, facts, historical data, statistically supported and industry validated market data. Environmental concerns & regulatory guidelines regarding the release of effluents through different industries.

Global Molecular Spectroscopy Market is expected to reach USD 6,443.5 million by 2024, from USD 3,959.8 million in 2016, growing at a CAGR of 6.3% in the forecast period. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Players: Global Molecular Spectroscopy Market

Some of the major players operating in the global molecular spectroscopy market

ABB,

Agilent Technologies,

Avantes BV,

Block Engineering,

Bruker,

Carl Zeiss International,

Cobalt Light Systems,

Galaxy Scientific Equipments,

Gasera Ltd.,

Ibsen Photonics A/S,

Industrial Test SYSTEMS, INC.,

Kaiser Optical Systems Inc.,

Keit Ltd.,

Magritek Ltd.,

Millipore KGaA,

PerkinElmer Inc.,

Raptor Photonics,

Shimadzu Corporation,

Spectral Evolution Inc.,

Thermo Fisher Scientific,

Viavi Solutions Inc.,

WITec Wissenschaftliche Instrumente und Technologie GmbH,

B&W Tek,

StellarNet Inc.,

Si-Ware,

JASCO,

JEOL Ltd.

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Segmentation: Global Molecular Spectroscopy Market

By Type

  • Nuclear Magnetic Resonance
  • Continuous Wave,
  • Fourier Transform,
  • Solid State
  • UV-Vis,
  • IR,
  • NIR,
  • Colour Spectroscopy,
  • Raman Spectroscopy,

By Applications

  • Pharmaceuticals,
  • Biotech,
  • Food and Beverages,
  • Environmental Testing,
  • Academics,

By Geography

  • North America,
  • South America,
  • Europe,
  • APAC,

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Drivers: Global Molecular Spectroscopy Market

Some of the factors that have led to the increase in the growth of global spectroscopy are advancements in the research and development in the spectroscopy field along with huge government spending for developing and innovation in this market. The major factors driving the growth of this market are the new international GMP & GDP certification for pharmaceutical excipients (North America & Europe), global alliances amongst leading research institutes to boost drug discovery, growing food safety concerns, increasing life science R&D spending, and technological advancements.

NEW INTERNATIONAL GMP & GDP CERTIFICATION FOR PHARMACEUTICAL EXCIPIENTS (NORTH AMERICA & EUROPE) EXCIPACT:

Pharmaceutical excipients transport a drug to a site in the body where the drug is intended to act; they assist in product identification, and enhance the overall safety or function of a product during storage or use. Since these substances are an integral part of drugs, they require stringent quality management. However, there is no dedicated regulatory quality control body to check the major components of dosage forms.

INCREASING LIFE SCIENCE R&D SPENDING:

Global pharmaceutical companies are adopting cost cutting strategies such as alliances and acquisitions to jointly conduct R&D activities and to focus on the development of niche products such as ‘orphan drugs’. Spectroscopy has numerous applications in protein analysis and purification, and quality control of raw materials and APIs. Thus, the growth in R&D spending is likely to increase the application horizon of molecular spectroscopy instruments.

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