Global molecular spectroscopy market was dominated by Bruker (US), Thermo Fisher Scientific, Inc. (U.S), PerkinElmer, Inc. (US), and Agilent Technologies, Inc. (US). Other players involved in market include Shimadzu Corporation (Japan), Danaher Corporation (US), ABB (Switzerland), Merck KGaA (Germany), JEOL Ltd. (Japan), FOSS (Denmark), JASCO, Inc. (US), and HORIBA Ltd. (US).
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Global molecular spectroscopy market over the forecast period of 2013 to 2018. This market was valued at $4.3 billion in 2013 and is poised to grow at a CAGR of 6.7% from 2013 to 2018, to reach $5.9 Billion by 2018.
The global molecular spectroscopy market is segmented on the basis of products, applications, and geography.
1 The Abb Group
2 Agilent Technologies, Inc.
4 Danaher Corporation
6 Jasco, Inc.
7 Jeol Ltd.
8 Perkinelmer, Inc.
9 Shimadzu Corporation
10 Thermo Fisher Scientific, Inc.
Molecular spectroscopy market, comprising instruments, consumables, and services, has witnessed various technological advancements. These advancements have led to a growth in the number of molecular spectroscopy applications.
Molecular spectroscopy is increasingly being used in drug discovery and development, metabolomics and biomarkers research, and diagnostics.
Report broadly categorizes the global molecular spectroscopy market into different technologies and applications. Based on products, the market comprises NMR, Ultraviolet-Visible (UV-Vis), Infrared (IR), Near Infrared (NIR), Color Measurement, Raman Spectroscopy, and others.
The NMR Spectroscopy segment includes Continuous Wave NMR, Fourier Transform NMR, Solid-State NMR spectroscopy, and others. The Ultraviolet-Visible Spectroscopy (UV-Vis) segment comprises Single-beam UV-vis, Dual-beam UV-vis, Array-based UV-vis, handheld UV-vis spectroscopy, and others.
1 Molecular Spectroscopy Market Snapshot
2 Molecular Spectroscopy Market, By Technology
3 Molecular Spectroscopy Market, By Application,
4 Geographic Snapshot of the Molecular Spectroscopy Market
A number of factors such as new international GMP and GDP certifications for pharmaceutical excipients (EXCiPACT), global alliances amongst leading molecular spectroscopy market research institutes to boost drug discovery, growing food safety concerns, increasing life science and R&D spending, and technological advancement are driving the market. However, the dearth of skilled professional and the high cost of molecular spectroscopy instruments are the factors that are hindering the growth of this market.
The Infrared Spectroscopy (IR) market is further segment into market by spectrum and molecular spectroscopy market by technology. The IR market by spectrum includes short-wave Infrared, mid-wave Infrared, and far-wave Infrared spectroscopy.
The IR market by technology includes markets for benchtop, hyphenated, microscopy, portable, and terahertz spectroscopy. The Raman spectroscopy market is segmented by sampling technique and by technology.
NMR Molecular Spectroscopy Market accounted for the largest share of the overall molecular spectroscopymetry market, by technology, followed by UV-VIS spectroscopy. However, the Raman spectroscopy segment is expected to grow at the highest CAGR from 2013 to 2018.
This high growth can be attributed to its technological advancements, and growing adoption in the pharmaceutical industry.
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