Molecular Spectroscopy Market: By Type Spectroscopy, Visible/Ultraviolet Spectroscopy, Flame Spectroscopy, Near-infrared Spectroscopy, X-ray spectroscopy, Nuclear Magnetic Resonance Spectroscopy, Others), By Application and Geography
Molecular Spectroscopy Market size was valued at US$ 5.8 billion in 2023 and is poised to grow at a CAGR of 7.23% from 2024-2030 Spectroscopy is the study of quantitative and qualitative characteristics of molecules or atoms by the use of absorption, emission, or scattering of electromagnetic radiation. Interaction of electromagnetic radiation with matter can cause redirection and or transition of energy levels between the energy levels of molecules or atoms. These properties vary from molecule to molecule and help in the identification of different molecules. The global molecular spectroscopy market is characterized by the presence of many market players and is highly fragmented. Market players are adopting innovation of new products and geographically expanding their market to get a competitive advantage.
For instance, In August 2017, PerkinElmer, Inc., launched Spectrum Two N FT-NIR system designed for use in spectroscopy analysis on a wide range of food, industrial, and pharmaceutical samples. Furthermore, to increase their R&D and product portfolio companies adopt strategies such as acquisitions and mergers. For instance, in July 2017, Agilent Technologies Inc. acquired Cobalt Light Systems, a provider of Raman spectroscopic instruments for the pharmaceutical industry, applied markets and public safety to expand the market share.
Study Period
2024-2030Base Year
2023CAGR
7.23%Largest Market
North AmericaFastest Growing Market
North America
Global market is driven by the rapid spread of molecular spectroscopy into various application areas, and growth in pharmaceutical and biotechnological industries worldwide. In addition, technological advances in spectroscopy that helps in analysis of nucleic acids, proteins and increase in R&D activities that uses molecular analysis are expected to boost the global market over the forecast period. However, high cost of devices and lack of skilled professionals to use the molecular spectroscopy are expected to hamper the growth of the market during the forecast period.
Geographically, global market is segmented into following regions, viz. North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe. North America and Europe are expected to be major market for global molecular spectroscopy owing to factors such as an increase in R&D in pharma and biopharmaceutical fields, rise in food safety concerns. Asia Pacific expected to be fastest growing market for molecular spectroscopy owing to increase in R&D activities and many of the pharma and biopharma companies are outsourcing the manufacturing to the emerging markets such as China and India.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5.8 billion |
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Market CAGR |
7.23% |
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By Type |
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By Application |
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By Region |
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The global molecular spectroscopy market size was valued at US$ 5.8 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Avantes (Netherlands) Agilent Technologies (U.S.) Bruker Corporation (U.S.) Ibsen Photonics A/S (Denmark) Carl Zeiss AG (Germany) Magritek (New Zealand)
| 1.Executive Summary |
| 2.Global Molecular Spectroscopy Market Introduction |
| 2.1.Global Molecular Spectroscopy Market - Taxonomy |
| 2.2.Global Molecular Spectroscopy Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Molecular Spectroscopy Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Molecular Spectroscopy Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Molecular Spectroscopy Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Infrared (IR) Spectroscopy |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Visible/Ultraviolet (UV) Spectroscopy |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Flame Spectroscopy |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Near-infrared Spectroscopy |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. X-Ray Spectroscopy |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy) |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Molecular Spectroscopy Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Pharmaceutical Applications |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Biotechnology & Biopharmaceutical Applications |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Food & Beverage Testing |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Environmental Testing |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Academic Research |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other Applications |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Molecular Spectroscopy Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Molecular Spectroscopy Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Infrared (IR) Spectroscopy |
| 8.1.2.Visible/Ultraviolet (UV) Spectroscopy |
| 8.1.3.Flame Spectroscopy |
| 8.1.4.Near-infrared Spectroscopy |
| 8.1.5.X-Ray Spectroscopy |
| 8.1.6.Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy) |
| 8.1.7.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Pharmaceutical Applications |
| 8.2.2.Biotechnology & Biopharmaceutical Applications |
| 8.2.3.Food & Beverage Testing |
| 8.2.4.Environmental Testing |
| 8.2.5.Academic Research |
| 8.2.6.Other Applications |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Molecular Spectroscopy Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Infrared (IR) Spectroscopy |
| 9.1.2.Visible/Ultraviolet (UV) Spectroscopy |
| 9.1.3.Flame Spectroscopy |
| 9.1.4.Near-infrared Spectroscopy |
| 9.1.5.X-Ray Spectroscopy |
| 9.1.6.Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy) |
| 9.1.7.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Pharmaceutical Applications |
| 9.2.2.Biotechnology & Biopharmaceutical Applications |
| 9.2.3.Food & Beverage Testing |
| 9.2.4.Environmental Testing |
| 9.2.5.Academic Research |
| 9.2.6.Other Applications |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Molecular Spectroscopy Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Infrared (IR) Spectroscopy |
| 10.1.2.Visible/Ultraviolet (UV) Spectroscopy |
| 10.1.3.Flame Spectroscopy |
| 10.1.4.Near-infrared Spectroscopy |
| 10.1.5.X-Ray Spectroscopy |
| 10.1.6.Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy) |
| 10.1.7.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Pharmaceutical Applications |
| 10.2.2.Biotechnology & Biopharmaceutical Applications |
| 10.2.3.Food & Beverage Testing |
| 10.2.4.Environmental Testing |
| 10.2.5.Academic Research |
| 10.2.6.Other Applications |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Molecular Spectroscopy Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Infrared (IR) Spectroscopy |
| 11.1.2.Visible/Ultraviolet (UV) Spectroscopy |
| 11.1.3.Flame Spectroscopy |
| 11.1.4.Near-infrared Spectroscopy |
| 11.1.5.X-Ray Spectroscopy |
| 11.1.6.Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy) |
| 11.1.7.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Pharmaceutical Applications |
| 11.2.2.Biotechnology & Biopharmaceutical Applications |
| 11.2.3.Food & Beverage Testing |
| 11.2.4.Environmental Testing |
| 11.2.5.Academic Research |
| 11.2.6.Other Applications |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Molecular Spectroscopy Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Infrared (IR) Spectroscopy |
| 12.1.2.Visible/Ultraviolet (UV) Spectroscopy |
| 12.1.3.Flame Spectroscopy |
| 12.1.4.Near-infrared Spectroscopy |
| 12.1.5.X-Ray Spectroscopy |
| 12.1.6.Nuclear Magnetic Resonance Spectroscopy (NMR Spectroscopy) |
| 12.1.7.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Pharmaceutical Applications |
| 12.2.2.Biotechnology & Biopharmaceutical Applications |
| 12.2.3.Food & Beverage Testing |
| 12.2.4.Environmental Testing |
| 12.2.5.Academic Research |
| 12.2.6.Other Applications |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Avantes (Netherlands) |
| 13.2.2.Agilent Technologies (U.S.) |
| 13.2.3.Bruker Corporation (U.S.) |
| 13.2.4.Ibsen Photonics A/S (Denmark) |
| 13.2.5.Carl Zeiss AG (Germany) |
| 13.2.6.Magritek (New Zealand) |
| 13.2.7.PerkinElmer Inc. (U.S.) |
| 13.2.8.Merck Millipore (U.S.) |
| 13.2.9.Shimadzu Corporation (Japan) |
| 13.2.10.Viavi Solutions (U.S.) |
| 13.2.11.Thermo Fisher Scientific (U.S.) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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