The growth of molecular spectroscopy market is
majorly driven by food safety concerns, the growth of the pharmaceutical and
biotechnology industry, technological advancements in molecular spectroscopy
and application of molecular spectroscopy in environmental screening. However,
the high cost of equipment is likely to restrain the growth of the market
during the forecast period.
How global molecular spectroscopy industry will expand in coming years?
The global molecular spectroscopy market is expected to reach USD 6.85 billion by 2022
from USD 4.98 billion in 2017, at a CAGR of 6.6%.
The Pharmaceutical Application to Dominate The Industry:
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.
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The
Objective of Research is as Follows:
1. To define, describe, and
forecast the global molecular spectroscopy market on the basis of product,
application, end user, and region.
2. To provide detailed information regarding the major factors influencing the
growth of the market (drivers, opportunities and industry-specific challenges).
3. To strategically analyze micromarkets with respect to individual growth
trends, future prospects, and contributions to the overall market.
4. To analyze the opportunities in the market for stakeholders and provide
details of the competitive landscape for the market leaders.
5. To forecast the size of the market with respect to five regions: North
America, Europe, Asia Pacific, and the Rest of the world.
Regional Analysis:
Asia
Pacific to witness the highest growth during the forecast period
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.
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Key Players:
Bruker
(US), Thermo Fisher Scientific, Inc. (U.S), PerkinElmer, Inc. (US), Agilent
Technologies, Inc. (US), Shimadzu Corporation (Japan), Danaher Corporation
(US), ABB (Switzerland), Merck KGaA (Germany), JEOL Ltd. (Japan), FOSS
(Denmark), JASCO, Inc. (US), and HORIBA Ltd. (US)
