The global Molecular Spectroscopy Market sales is expected to be valued US$ 7 billion in 2022 and US$ 14 billion by 2032, increasing at a 7.2% CAGR between 2022 and 2032.
Future Market Insights’ most recent market analysis, titled ‘Molecular Spectroscopy Market,’ offers these statistics and insights. Its analysts and consultants do primary, secondary, and tertiary research from all angles.
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One of the most often used technologies in industry equipment is UV visible molecule adsorption spectroscopy, which is in high demand. The use of Molecular Spectroscopy devices in applications such as water safety analysis and wastewater treatment is encouraged by several environmental regulations and laws in the United States, including the CWA (Clean Water Act), RCRA (Resource Conservation and Recovery Act), and SDWA (Safe Drinking Water Act).
Chemicals and mining are two other areas where it can be used to quantify environmental effect. High quality standards involve a production process that incorporates extra procedures such as performance characteristic verification, evaluation and qualification of many aspects, and system installation and operation validation. This undoubtedly increases the cost of molecular spectroscopic equipment. This is a difficult element for the key players. This factor may hinder the future growth of the Molecular Spectroscopy sector.
The field of NMR spectroscopy is expected to grow in the near future. It is a research and quality control analytical chemistry technique used to determine the purity and content of a molecular structure and sample. NMR spectroscopy has the advantage of requiring less labour. It’s also a non-destructive method for keeping molecules under scrutiny.
Future Market Insights has walked through these aspects with future prospects in its most recent market analysis, titled ‘Molecular Spectroscopy Market,’ with its team of analysts and consultants riding on a 360-degree vision with macros and micros well-placed.
“With growing concerns regarding food safety coupled with exponentiation in biotechnology and pharmaceutical verticals, the global Molecular Spectroscopy market is expected to grow on an astonishing note in the near future”, says an analyst from Future Market Insights.
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Key Takeaways from Molecular Spectroscopy Market
- North America has the largest market share due to significant investments in life sciences and medical sciences by policymakers and governing bodies in the United States.
- France, Spain, Germany, and the United Kingdom lead Europe in terms of pharmacy companies.
- The Asia-Pacific region is predicted to grow at the quickest rate in the Molecular Spectroscopy industry, with nations such as India and China paving the way.
Competitive Spectroscopy
- Agilent Technologies Inc. announced the addition of a new handheld instrument for Molecular Spectroscopy to their ‘Raman Technology’ in March 2020.
- trinamiX GmbH (a wholly-owned subsidiary and spin-off of BASF SE based in Ludwigshafen) developed a novel mobile NIR (near infrared) spectroscopy solution in March 2020 to make spectroscopy tools more affordable and accessible to end-users beyond laboratory and factory applications.
- In October 2020, Bruker Corporation will unveil a high-performance Fourier 80 system in Europe. It appears to be a high-performance 80 MHz FT-NMR (Fourier Transform Nuclear Magnetic Resonance) tabletop spectrometer.
- JASCO Corporation, in March 2021, did launch new-fangled spectrum of fluorescence spectrophotometers (FP-8050 Series) including 5 instruments covering the applications for analyzing environmental, biological, materials, and chemicals.
What does the Report encompass?
- The research is divided into two categories: type (infrared spectroscopy, NMR (Nuclear Magnetic Resonance) spectroscopy, colour measurement spectroscopy, Raman spectroscopy, NIR (Near-Infrared) spectroscopy, and ultraviolet visible (UV-Vis) spectroscopy), and application (research institutes, food & beverages testing, pharmaceuticals, environmental testing, biote, and so on).
- The fact that molecular photophysics and spectroscopy devices have proven to be helpful in detecting dangerous results of industrial activities will undoubtedly help the Molecular Spectroscopy market develop in the coming years.
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Key Segment:
By Type:
- Infrared Spectroscopy
- Nuclear Magnetic Resonance (NMR) Spectroscopy
- Color Measurement Spectroscopy
- Raman Spectroscopy
- Near-Infrared (NIR) Spectroscopy
- Ultraviolet Visible (UV-Vis) Spectroscopy
By Application:
- Research Institutes
- Food and Beverages Testing
- Pharmaceuticals
- Environmental Testing
- Biote
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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