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Global Molecular Spectroscopy Market 2024 | Key Players-Ibsen Photonics, Industrial Test Systems, Inc., Kaiser Optical Systems, Inc., Keit Spectrometers, Magritek, EMD Millipore Corporation, PerkinElmer Inc., Raptor Photonics PLC, Shimadzu Corporation

Global Molecular Spectroscopy Market

This global market report for Molecular Spectroscopy includes all major players and brands company profiles. Due to growing demand at the end-user level, Molecular Spectroscopy industry is expected to witness growth during the forecast period. This report is generated by taking into account a number of steps that can be summarized as: creation of the title page, attaching a table of contents, editing it in the executive summary, writing introduction, writing the segment of qualitative research and survey research, summarizing the types of data used to draw conclusions, distributing research-based findings and then concluding with call for action.  Talented minds have spent a lot of time analyzing and structuring this Global Molecular Spectroscopy Market report for market research. This report provides customers with information about their business scenario that helps them stay ahead of the competition in today’s fast-changing business environment. The report also provides insights into growth in revenue and the sustainability initiative.

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Market Analysis: Global Molecular Spectroscopy Market

The 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 to 2024

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.

Global Molecular Spectroscopy Market Key Points:

Brukeris going to dominate the molecular spectroscopy market followed by-Thermofisher Scientific, Inc. and, Agilent Technologies along with others such as ABB, Avantes, Block Engineering, Carl Zeiss Spectroscopy GmbH, Cobalt Light Systems Ltd, Galaxy Scientific, Gasera, Ibsen Photonics, Industrial Test Systems, Inc., Kaiser Optical Systems, Inc., Keit Spectrometers, Magritek, EMD Millipore Corporation, PerkinElmer Inc., Raptor Photonics PLC, Shimadzu Corporation, Spectral Evolution, Viavi Solutions, WITec GmbH, B&W Tek, StellarNet, Si-WareSystems, Foss, Jasco, Inc. and, Jeol Ltd. among others.

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.

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Global Molecular Spectroscopy Market Segmentation:

The global molecular spectroscopy market is segmented on the basis of technology, type, application, and geography. 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), Raman spectroscopy and others. In 2016, NMR spectroscopy dominated the market with a share of 36.4% and is expected to domination in the forecast period 2017 to 2024.

The NMR spectroscopy is further segmented into Fourier Transform (FT-NMR), continuous wave, and solid state spectroscopy. UV visible spectroscopy is further segmented into single beam, double beam, array based and handheld spectroscopy. The handheld IR spectroscopy segment is expected to grow at the highest CAGR among the UV-visible spectroscopy segments in the forecast period 2017 to 2024. IR spectroscopy is segmented based on spectrum into mid wave, short wave and far wave IR spectroscopy. Far wave IR spectroscopy segment is expected to grow at the highest CAGR in the forecast period 2017-2024.

Based on product types, the IR spectroscopy market is segmented into bench top, infrared microscopy, portable, hyphenated and terahertz IR spectroscopy. Terahertz IR spectroscopy is the highest growing market segment.

The NIR spectroscopy is again further categorized into scanning, Fourier transform, portable/handheld and filter NIR spectroscopy. Based on product type, 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, biotechnology, academics and research and, others. Pharmaceuticals hold the majority in this and food and beverages segment is expected to grow with the highest CAGR in the forecast period 2017 to 2024.

Global Molecular Spectroscopy Market Key Drivers:

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.

  • 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.
  • Development in the field of Raman spectroscopy is changing the trend for the administration of injections in the healthcare sector.

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