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Home>Molecular Spectroscopy Market by Technology, UV-Visible, IR, NIR & Application - Forecasts to 2022 - Research and Markets

Molecular Spectroscopy Market by Technology, UV-Visible, IR, NIR & Application - Forecasts to 2022 - Research and Markets

Molecular Spectroscopy Market by Technology, UV-Visible, IR, NIR & Application - Forecasts to 2022 - Research and Markets

09/20/2017

Molecular Spectroscopy Market by Technology, UV-Visible, IR, NIR & Application - Forecasts to 2022 - Research and Markets

The "Molecular Spectroscopy Market by Technology (NMR (FT, Continuous Wave), UV-Visible (Array-based, Dual-beam), IR (Terahertz, Benchtop), NIR (FT-NIR), Raman), Application (Pharmaceutical, Food, Biotechnology) - Global Forecast to 2022" report has been added to Research and Markets' offering.

The Global Molecular Spectroscopy Market is Estimated to Grow at a CAGR of 6.6% from 2017 to 2022, to Reach USD 6.85 Billion.

The key factors driving the growth of the overall molecular spectroscopy market include the rising food safety concerns, increasing use of molecular spectroscopy in environmental screenings, growing popularity of molecular spectroscopy techniques in pharmaceutical and biotechnology industries, and technological advancements in molecular spectroscopy. However, the high cost of molecular spectroscopy systems is likely to restrain the growth of the market during the forecast period.

Based on application, the molecular spectroscopy market is segmented into pharmaceutical applications, environmental testing, food and beverage testing, biotechnology and biopharmaceutical application, academic research and other applications. During the forecast period, the pharmaceutical application is expected to grow at the highest CAGR. This growth is mainly due to the growing importance of molecular spectroscopy in various stages of drug development and increasing R&D in pharmaceutical industries.

Asia Pacific is expected to grow at the highest CAGR in the global molecular spectroscopy market during the forecast period of 2017-2022. Thriving biotechnology market in China, growing focus on environmental protection, growing biomedical and medical research in Japan, and rising food safety concerns in India are expected to drive market growth during the forecast period.

Some of the major players in the molecular spectroscopy market include Bruker (US), Thermo Fisher Scientific, Inc. (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), and Shimadzu Corporation (Japan).

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