Molecular Spectroscopy Market - Growth, Trends, and Forecast (2022 - 2030)
Market Overview
The prime factors that are responsible for the growth of the market include rapid adoption in the pharmaceutical industry, penetration of MS technology in various verticals, and increased emphasis for the discovery of newer molecules by pharmaceuticals. Molecular spectroscopy is heavily used in the field of R&D of pharmaceutical and other biotechnology products. One of the molecular spectroscopy types used in R&D is Near Infrared Spectroscopy (NIR).
In recent years, the NIR spectroscopy has gained a wide appreciation within the pharmaceutical industry for raw material testing, product quality control, and process monitoring. The increasing pharmaceutical interest in NIR spectroscopy is probably a direct consequence of its major advantages over other analytical techniques, namely, an easy sample preparation without any pretreatments, the probability of separating the sample measurement position by use of fiber optic probes, and the expectation of chemical and physical sample parameters from one single spectrum. This rising affinity toward this technology has been widely adopted and has resulted in the growth of the market.
Molecular spectroscopy is a technology that is widely adopted across the different application sectors, including pharmaceuticals and many others. There has been continuously increasing efforts in the pharmaceutical industry to undertake advanced research and development that is leading to increased adoption of various spectroscopy techniques, over the forecast period.
There has also been an increase in the number of testing and research facilities, particularly in the field of pharmaceuticals, which may raise the demand for laboratory and research equipment's, such as molecular spectroscopy and other consumables. Hence, all these factors contribute to the increase of the market studied.
Scope of the Report
Molecular spectroscopy is the qualitative and quantitative study of molecules by observing their interaction with various frequencies and energy. In another way, it is the study of absorption of light by molecules. It is analyzed by ultraviolet (UV) light, visible light, and infrared radiations using an instrument called a spectrometer.
Key Market Trends
NMR Spectroscopy is Expected to Show Highest Growth Over the Forecast Period
Nuclear magnetic resonance spectroscopy, most commonly known as NMR spectroscopy or magnetic resonance spectroscopy (MRS), is a spectroscopic technique that is used to observe local magnetic fields around atomic nuclei.
Over the past fifty years, NMR spectroscopy has become the leading technique for determining the structure of organic compounds. Of all the spectroscopic methods, it is the only one, for which a complete analysis and interpretation of the entire spectrum is normally expected. This has also been found to be non-destructive and with modern instruments, good data may be obtained from samples weighing less than a milligram. NMR spectroscopy accounts for a bigger share in the molecular spectroscopy market, due to its wide usage in the application areas, including pharmaceuticals, biotechnology and biopharmaceuticals, food and beverage testing, environmental testing, and in research institutes. NMR techniques are also being used successfully in various food systems for quality control and research. NMR spectroscopy is used to determine the structure of proteins, amino acids profile, carotenoids, organic acids, lipid fractions, the mobility of the water in foods. It is also used to identify and quantify metabolites in foods.
In addition, the NMR spectroscopy is increasingly being used in biochemical and biological application areas, including hit and lead discovery, metabolite profiling, and in vivo spectroscopy (MRS) and imaging (MRI). Thus, this highlights the key areas in this rich array of pharmaceutical applications of NMR spectroscopy. There are also many new developments seen in the NMR spectroscopy that is driving much-needed improvements in sensitivity and versatility, which are expanding the number of applications, and hence, increasing the market studied.
The United Kingdom to Witness the Highest Growth Rate in Europe Region
The increasing R&D and funding are driving the market studied in the United Kingdom. The UK researchers are investigating materials and molecular structures that may be able to take advantage of new and highly precise scientific instrumentation, which may be operating in eight UK universities, with a EUR 20 million investment in NMR equipment. This investment on very-high and ultra-high field Nuclear Magnetic Resonance (NMR) spectroscopy was announced by the EPSRC on behalf of three other research councils, the Biotechnology and Biosciences Research Council (BBSRC), Medical Research Council (MRC), and Natural Environment Research Council (NERC), which have supported the funding and also form part of UK Research and Innovation (UKRI), a non-departmental public body funded by a grant-in-aid from the UK government.
It has also been found that the United Kingdom has also currently fallen behind the rapid Dynamic nuclear polarization (DNP) NMR spectroscopy developments that have taken place in other European countries, but not in the United Kingdom, in terms of developing the applications. However, a 600 MHz DNP MAS NMR facility was proposed, which may cost around approximately EUR 2.1M, which may enable the UK users to develop their own application portfolio tailored to the specific requirements of DNP NMR.
Competitive Landscape
The market for molecular spectroscopy is moderately competitive. With the growing applications of the molecular spectroscopy, new players are looking forward to entering the market. In terms of the market share, few companies such as Thermofisher Scientific, Inc, Agilent, Bruker, Danaher. have better records from the past few years.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The prime factors that are responsible for the growth of the market include rapid adoption in the pharmaceutical industry, penetration of MS technology in various verticals, and increased emphasis for the discovery of newer molecules by pharmaceuticals. Molecular spectroscopy is heavily used in the field of R&D of pharmaceutical and other biotechnology products. One of the molecular spectroscopy types used in R&D is Near Infrared Spectroscopy (NIR).
In recent years, the NIR spectroscopy has gained a wide appreciation within the pharmaceutical industry for raw material testing, product quality control, and process monitoring. The increasing pharmaceutical interest in NIR spectroscopy is probably a direct consequence of its major advantages over other analytical techniques, namely, an easy sample preparation without any pretreatments, the probability of separating the sample measurement position by use of fiber optic probes, and the expectation of chemical and physical sample parameters from one single spectrum. This rising affinity toward this technology has been widely adopted and has resulted in the growth of the market.
Molecular spectroscopy is a technology that is widely adopted across the different application sectors, including pharmaceuticals and many others. There has been continuously increasing efforts in the pharmaceutical industry to undertake advanced research and development that is leading to increased adoption of various spectroscopy techniques, over the forecast period.
There has also been an increase in the number of testing and research facilities, particularly in the field of pharmaceuticals, which may raise the demand for laboratory and research equipment's, such as molecular spectroscopy and other consumables. Hence, all these factors contribute to the increase of the market studied.
Scope of the Report
Molecular spectroscopy is the qualitative and quantitative study of molecules by observing their interaction with various frequencies and energy. In another way, it is the study of absorption of light by molecules. It is analyzed by ultraviolet (UV) light, visible light, and infrared radiations using an instrument called a spectrometer.
Key Market Trends
NMR Spectroscopy is Expected to Show Highest Growth Over the Forecast Period
Nuclear magnetic resonance spectroscopy, most commonly known as NMR spectroscopy or magnetic resonance spectroscopy (MRS), is a spectroscopic technique that is used to observe local magnetic fields around atomic nuclei.
Over the past fifty years, NMR spectroscopy has become the leading technique for determining the structure of organic compounds. Of all the spectroscopic methods, it is the only one, for which a complete analysis and interpretation of the entire spectrum is normally expected. This has also been found to be non-destructive and with modern instruments, good data may be obtained from samples weighing less than a milligram. NMR spectroscopy accounts for a bigger share in the molecular spectroscopy market, due to its wide usage in the application areas, including pharmaceuticals, biotechnology and biopharmaceuticals, food and beverage testing, environmental testing, and in research institutes. NMR techniques are also being used successfully in various food systems for quality control and research. NMR spectroscopy is used to determine the structure of proteins, amino acids profile, carotenoids, organic acids, lipid fractions, the mobility of the water in foods. It is also used to identify and quantify metabolites in foods.
In addition, the NMR spectroscopy is increasingly being used in biochemical and biological application areas, including hit and lead discovery, metabolite profiling, and in vivo spectroscopy (MRS) and imaging (MRI). Thus, this highlights the key areas in this rich array of pharmaceutical applications of NMR spectroscopy. There are also many new developments seen in the NMR spectroscopy that is driving much-needed improvements in sensitivity and versatility, which are expanding the number of applications, and hence, increasing the market studied.
The United Kingdom to Witness the Highest Growth Rate in Europe Region
The increasing R&D and funding are driving the market studied in the United Kingdom. The UK researchers are investigating materials and molecular structures that may be able to take advantage of new and highly precise scientific instrumentation, which may be operating in eight UK universities, with a EUR 20 million investment in NMR equipment. This investment on very-high and ultra-high field Nuclear Magnetic Resonance (NMR) spectroscopy was announced by the EPSRC on behalf of three other research councils, the Biotechnology and Biosciences Research Council (BBSRC), Medical Research Council (MRC), and Natural Environment Research Council (NERC), which have supported the funding and also form part of UK Research and Innovation (UKRI), a non-departmental public body funded by a grant-in-aid from the UK government.
It has also been found that the United Kingdom has also currently fallen behind the rapid Dynamic nuclear polarization (DNP) NMR spectroscopy developments that have taken place in other European countries, but not in the United Kingdom, in terms of developing the applications. However, a 600 MHz DNP MAS NMR facility was proposed, which may cost around approximately EUR 2.1M, which may enable the UK users to develop their own application portfolio tailored to the specific requirements of DNP NMR.
Competitive Landscape
The market for molecular spectroscopy is moderately competitive. With the growing applications of the molecular spectroscopy, new players are looking forward to entering the market. In terms of the market share, few companies such as Thermofisher Scientific, Inc, Agilent, Bruker, Danaher. have better records from the past few years.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Please Select a Format
